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CT/Fairfield County/06850

06850

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,860$1,860
1 BR$2,310$2,310
2 BR$2,670$2,670
3 BR$3,200$3,200
4 BR$3,980$3,980
5 BR$4,577Not available
6 BR$5,264Not available
7 BR$6,053Not available
8 BR$6,961Not available

Purchase Price Calculator

Maximum purchase price
$334,844

Cost breakdown

+Likely effective rent$2,670
HUD FMRUsed$2,670
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,693
Loan amount$267,876
Down payment$66,969
Rate6.50%
Term30 years
-Operating costs-$777
Property taxes-$335
Insurance-$175
Utilities$0
HOA$0
Management-$267
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,544(63.5% ROI)
Projected value
$360,591
Return breakdown
Property appreciation+$25,746
Loan principal paid down+$9,597
Rental cash flow+$7,200
5-year hold
+$73,116(109.2% ROI)
Projected value
$378,846
Return breakdown
Property appreciation+$44,001
Loan principal paid down+$17,115
Rental cash flow+$12,000
10-year hold
+$158,566(236.8% ROI)
Projected value
$428,629
Return breakdown
Property appreciation+$93,785
Loan principal paid down+$40,781
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 06850 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06850 (Fairfield County, CT) is $2,670 a month. That is down 1.8% from $2,720 in FY 2026. Among 46 ZIP codes in Fairfield County, 06850 has the 22nd-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06850 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06850
BedroomsFY 2027Change90–110% range
Studio$1,860−1.1%$1,674–$2,046
1BR$2,310+1.3%$2,079–$2,541
2BR$2,670−1.8%$2,403–$2,937
3BR$3,200−2.7%$2,880–$3,520
4BR$3,980+2.1%$3,582–$4,378

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06850
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,860$2,310$2,670$3,200$3,980
FY 2026$1,880$2,280$2,720$3,290$3,900
FY 2025$1,800$2,190$2,630$3,200$3,570
FY 2024$1,780$2,170$2,630$3,200$3,500
FY 2023$1,710$2,100$2,530$3,120$3,400

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06850
06824$3,150+18.0%
06825$2,620−1.9%
06830$2,910+9.0%
06831$3,140+17.6%
06840$3,600+34.8%
06850Current$2,670—
06851$2,520−5.6%
06853$2,710+1.5%
06854$2,400−10.1%
06855$2,470−7.5%
06870$2,860+7.1%
06877$2,680+0.4%

Questions about ZIP 06850 rents

How much will Section 8 pay for a two-bedroom in ZIP 06850?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,670, that basic range is $2,403 to $2,937 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 06850 for FY 2027?

The two-bedroom FMR fell 1.8%, from $2,720 in FY 2026 to $2,670 in FY 2027. Since FY 2023 it has risen 5.5%.

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