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CT/Fairfield County/06870

06870

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

25Below average

095130300
BRFMR
Eff. Rent
0 BR$1,990$1,990
1 BR$2,470$2,470
2 BR$2,860$2,860
3 BR$3,430$3,430
4 BR$4,260$4,260
5 BR$4,899Not available
6 BR$5,634Not available
7 BR$6,479Not available
8 BR$7,451Not available

Purchase Price Calculator

Maximum purchase price
$363,078

Cost breakdown

+Likely effective rent$2,860
HUD FMRUsed$2,860
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,836
Loan amount$290,463
Down payment$72,616
Rate6.50%
Term30 years
-Operating costs-$824
Property taxes-$363
Insurance-$175
Utilities$0
HOA$0
Management-$286
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,524(62.7% ROI)
Projected value
$390,996
Return breakdown
Property appreciation+$27,917
Loan principal paid down+$10,407
Rental cash flow+$7,200
5-year hold
+$78,269(107.8% ROI)
Projected value
$410,790
Return breakdown
Property appreciation+$47,711
Loan principal paid down+$18,558
Rental cash flow+$12,000
10-year hold
+$169,912(234.0% ROI)
Projected value
$464,771
Return breakdown
Property appreciation+$101,693
Loan principal paid down+$44,220
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 06870 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06870 (Fairfield County, CT) is $2,860 a month. That is down 2.4% from $2,930 in FY 2026. Among 46 ZIP codes in Fairfield County, 06870 has the 15th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06870 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06870
BedroomsFY 2027Change90–110% range
Studio$1,990−1.5%$1,791–$2,189
1BR$2,470+0.8%$2,223–$2,717
2BR$2,860−2.4%$2,574–$3,146
3BR$3,430−3.1%$3,087–$3,773
4BR$4,260+1.7%$3,834–$4,686

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06870
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,990$2,470$2,860$3,430$4,260
FY 2026$2,020$2,450$2,930$3,540$4,190
FY 2025$2,070$2,510$3,020$3,680$4,100
FY 2024$2,060$2,510$3,040$3,700$4,050
FY 2023$2,100$2,570$3,100$3,820$4,160

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06870
06850$2,670−6.6%
06851$2,520−11.9%
06853$2,710−5.2%
06854$2,400−16.1%
06855$2,470−13.6%
06870Current$2,860—
06877$2,680−6.3%
06878$3,150+10.1%
06880$2,870+0.3%
06883$2,910+1.7%
06890$3,600+25.9%
06896$2,840−0.7%

Questions about ZIP 06870 rents

How much will Section 8 pay for a two-bedroom in ZIP 06870?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,860, that basic range is $2,574 to $3,146 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 06870 for FY 2027?

The two-bedroom FMR fell 2.4%, from $2,930 in FY 2026 to $2,860 in FY 2027. Since FY 2023 it has fallen 7.7%.

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