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CT/Fairfield County/06807

06807

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$2,290$2,290
1 BR$2,840$2,840
2 BR$3,290$3,290
3 BR$3,950$3,950
4 BR$4,900$4,900
5 BR$5,635Not available
6 BR$6,480Not available
7 BR$7,452Not available
8 BR$8,570Not available

Purchase Price Calculator

Maximum purchase price
$426,976

Cost breakdown

+Likely effective rent$3,290
HUD FMRUsed$3,290
Market rentN/A
Est. payment standardN/A
-Principal and interest-$2,159
Loan amount$341,581
Down payment$85,395
Rate6.50%
Term30 years
-Operating costs-$931
Property taxes-$427
Insurance-$175
Utilities$0
HOA$0
Management-$329
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,268(61.2% ROI)
Projected value
$459,807
Return breakdown
Property appreciation+$32,830
Loan principal paid down+$12,238
Rental cash flow+$7,200
5-year hold
+$89,932(105.3% ROI)
Projected value
$483,084
Return breakdown
Property appreciation+$56,108
Loan principal paid down+$21,824
Rental cash flow+$12,000
10-year hold
+$195,591(229.0% ROI)
Projected value
$546,566
Return breakdown
Property appreciation+$119,589
Loan principal paid down+$52,002
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 06807 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06807 (Fairfield County, CT) is $3,290 a month. That is up 8.2% from $3,040 in FY 2026. Among 46 ZIP codes in Fairfield County, 06807 is tied for the 4th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06807 is 70% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06807
BedroomsFY 2027Change90–110% range
Studio$2,290+9.0%$2,061–$2,519
1BR$2,840+11.8%$2,556–$3,124
2BR$3,290+8.2%$2,961–$3,619
3BR$3,950+7.3%$3,555–$4,345
4BR$4,900+12.4%$4,410–$5,390

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06807
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,290$2,840$3,290$3,950$4,900
FY 2026$2,100$2,540$3,040$3,680$4,360
FY 2025$1,900$2,300$2,770$3,370$3,760
FY 2024$1,850$2,260$2,730$3,330$3,640
FY 2023$1,790$2,200$2,650$3,270$3,560

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06807
06784$2,650−19.5%
06801$2,260−31.3%
06804$2,470−24.9%
06807Current$3,290—
06810$2,430−26.1%
06811$2,260−31.3%
06812$2,500−24.0%
06820$3,180−3.3%
06824$3,150−4.3%
06825$2,620−20.4%
06830$2,910−11.6%
06831$3,140−4.6%

Questions about ZIP 06807 rents

How much will Section 8 pay for a two-bedroom in ZIP 06807?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,290, that basic range is $2,961 to $3,619 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

How much did fair market rent change in ZIP 06807 for FY 2027?

The two-bedroom FMR rose 8.2%, from $3,040 in FY 2026 to $3,290 in FY 2027. Since FY 2023 it has risen 24.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentCT statewide rentsWhat is SAFMR?Data sources