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CT/Fairfield County/06831

06831

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$2,430$2,430
1 BR$2,790$2,790
2 BR$3,140$3,140
3 BR$3,860$3,860
4 BR$4,540$4,540
5 BR$5,221Not available
6 BR$6,004Not available
7 BR$6,905Not available
8 BR$7,940Not available

Purchase Price Calculator

Maximum purchase price
$404,686

Cost breakdown

+Likely effective rent$3,140
HUD FMRUsed$3,140
Market rentN/A
Est. payment standardN/A
-Principal and interest-$2,046
Loan amount$323,749
Down payment$80,937
Rate6.50%
Term30 years
-Operating costs-$894
Property taxes-$405
Insurance-$175
Utilities$0
HOA$0
Management-$314
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,916(61.7% ROI)
Projected value
$435,803
Return breakdown
Property appreciation+$31,117
Loan principal paid down+$11,599
Rental cash flow+$7,200
5-year hold
+$85,863(106.1% ROI)
Projected value
$457,865
Return breakdown
Property appreciation+$53,179
Loan principal paid down+$20,684
Rental cash flow+$12,000
10-year hold
+$186,633(230.6% ROI)
Projected value
$518,033
Return breakdown
Property appreciation+$113,346
Loan principal paid down+$49,287
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 06831 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06831 (Fairfield County, CT) is $3,140 a month. That is up 5.4% from $2,980 in FY 2026. Among 46 ZIP codes in Fairfield County, 06831 has the 9th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06831 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06831
BedroomsFY 2027Change90–110% range
Studio$2,430+18.5%$2,187–$2,673
1BR$2,790+12.0%$2,511–$3,069
2BR$3,140+5.4%$2,826–$3,454
3BR$3,860+7.2%$3,474–$4,246
4BR$4,540+6.3%$4,086–$4,994

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06831
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,430$2,790$3,140$3,860$4,540
FY 2026$2,050$2,490$2,980$3,600$4,270
FY 2025$2,090$2,540$3,050$3,710$4,140
FY 2024$2,030$2,470$2,990$3,640$3,980
FY 2023$1,960$2,400$2,890$3,560$3,880

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06831
06810$2,430−22.6%
06811$2,260−28.0%
06812$2,500−20.4%
06820$3,180+1.3%
06824$3,150+0.3%
06825$2,620−16.6%
06830$2,910−7.3%
06831Current$3,140—
06840$3,600+14.6%
06850$2,670−15.0%
06851$2,520−19.7%
06853$2,710−13.7%

Questions about ZIP 06831 rents

How much will Section 8 pay for a two-bedroom in ZIP 06831?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,140, that basic range is $2,826 to $3,454 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 06831 for FY 2027?

The two-bedroom FMR rose 5.4%, from $2,980 in FY 2026 to $3,140 in FY 2027. Since FY 2023 it has risen 8.7%.

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