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CT/Fairfield County/06878

06878

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

38Below average

095130300
BRFMR
Eff. Rent
0 BR$2,190$2,190
1 BR$2,720$2,720
2 BR$3,150$3,150
3 BR$3,780$3,780
4 BR$4,690$4,690
5 BR$5,394Not available
6 BR$6,203Not available
7 BR$7,133Not available
8 BR$8,203Not available

Purchase Price Calculator

Maximum purchase price
$406,172

Cost breakdown

+Likely effective rent$3,150
HUD FMRUsed$3,150
Market rentN/A
Est. payment standardN/A
-Principal and interest-$2,054
Loan amount$324,938
Down payment$81,234
Rate6.50%
Term30 years
-Operating costs-$896
Property taxes-$406
Insurance-$175
Utilities$0
HOA$0
Management-$315
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$50,073(61.6% ROI)
Projected value
$437,403
Return breakdown
Property appreciation+$31,231
Loan principal paid down+$11,642
Rental cash flow+$7,200
5-year hold
+$86,135(106.0% ROI)
Projected value
$459,547
Return breakdown
Property appreciation+$53,374
Loan principal paid down+$20,760
Rental cash flow+$12,000
10-year hold
+$187,231(230.5% ROI)
Projected value
$519,935
Return breakdown
Property appreciation+$113,763
Loan principal paid down+$49,468
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 06878 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06878 (Fairfield County, CT) is $3,150 a month. That is up 6.1% from $2,970 in FY 2026. Among 46 ZIP codes in Fairfield County, 06878 is tied for the 7th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06878 is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06878
BedroomsFY 2027Change90–110% range
Studio$2,190+6.8%$1,971–$2,409
1BR$2,720+9.7%$2,448–$2,992
2BR$3,150+6.1%$2,835–$3,465
3BR$3,780+5.0%$3,402–$4,158
4BR$4,690+10.1%$4,221–$5,159

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06878
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,190$2,720$3,150$3,780$4,690
FY 2026$2,050$2,480$2,970$3,600$4,260
FY 2025$2,070$2,520$3,060$3,720$4,060
FY 2024$2,300$2,800$3,390$4,130$4,510
FY 2023$2,230$2,740$3,300$4,070$4,430

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06878
06854$2,400−23.8%
06855$2,470−21.6%
06870$2,860−9.2%
06877$2,680−14.9%
06878Current$3,150—
06880$2,870−8.9%
06883$2,910−7.6%
06890$3,600+14.3%
06896$2,840−9.8%
06897$2,350−25.4%
06901$2,880−8.6%
06902$2,720−13.7%

Questions about ZIP 06878 rents

How much will Section 8 pay for a two-bedroom in ZIP 06878?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,150, that basic range is $2,835 to $3,465 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 06878 for FY 2027?

The two-bedroom FMR rose 6.1%, from $2,970 in FY 2026 to $3,150 in FY 2027. Since FY 2023 it has fallen 4.5%.

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