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CT/Fairfield County/06853

06853

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

22Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$1,840
1 BR$2,250$2,250
2 BR$2,710$2,710
3 BR$3,310$3,310
4 BR$3,610$3,610
5 BR$4,152Not available
6 BR$4,774Not available
7 BR$5,490Not available
8 BR$6,314Not available

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMRUsed$2,710
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,723
Loan amount$272,631
Down payment$68,158
Rate6.50%
Term30 years
-Operating costs-$787
Property taxes-$341
Insurance-$175
Utilities$0
HOA$0
Management-$271
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,171(63.3% ROI)
Projected value
$366,992
Return breakdown
Property appreciation+$26,203
Loan principal paid down+$9,768
Rental cash flow+$7,200
5-year hold
+$74,201(108.9% ROI)
Projected value
$385,571
Return breakdown
Property appreciation+$44,782
Loan principal paid down+$17,418
Rental cash flow+$12,000
10-year hold
+$160,955(236.2% ROI)
Projected value
$436,238
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
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 06853 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06853 (Fairfield County, CT) is $2,710 a month. That is down 10.0% from $3,010 in FY 2026. Among 46 ZIP codes in Fairfield County, 06853 has the 19th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06853 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06853
BedroomsFY 2027Change90–110% range
Studio$1,840−9.8%$1,656–$2,024
1BR$2,250−10.0%$2,025–$2,475
2BR$2,710−10.0%$2,439–$2,981
3BR$3,310−9.8%$2,979–$3,641
4BR$3,610−10.0%$3,249–$3,971

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06853
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$2,250$2,710$3,310$3,610
FY 2026$2,040$2,500$3,010$3,670$4,010
FY 2025$2,260$2,770$3,340$4,070$4,450
FY 2024$2,510$3,070$3,710$4,520$4,940
FY 2023$2,500$3,070$3,700$4,560$4,970

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06853
06830$2,910+7.4%
06831$3,140+15.9%
06840$3,600+32.8%
06850$2,670−1.5%
06851$2,520−7.0%
06853Current$2,710—
06854$2,400−11.4%
06855$2,470−8.9%
06870$2,860+5.5%
06877$2,680−1.1%
06878$3,150+16.2%
06880$2,870+5.9%

Questions about ZIP 06853 rents

How much will Section 8 pay for a two-bedroom in ZIP 06853?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,710, that basic range is $2,439 to $2,981 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 06853 for FY 2027?

The two-bedroom FMR fell 10.0%, from $3,010 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has fallen 26.8%.

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