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CT/Fairfield County/06880

06880

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$2,000$2,000
1 BR$2,480$2,480
2 BR$2,870$2,870
3 BR$3,440$3,440
4 BR$4,270$4,270
5 BR$4,911Not available
6 BR$5,647Not available
7 BR$6,494Not available
8 BR$7,468Not available

Purchase Price Calculator

Maximum purchase price
$364,564

Cost breakdown

+Likely effective rent$2,870
HUD FMRUsed$2,870
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,843
Loan amount$291,651
Down payment$72,913
Rate6.50%
Term30 years
-Operating costs-$827
Property taxes-$365
Insurance-$175
Utilities$0
HOA$0
Management-$287
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,681(62.7% ROI)
Projected value
$392,596
Return breakdown
Property appreciation+$28,032
Loan principal paid down+$10,449
Rental cash flow+$7,200
5-year hold
+$78,540(107.7% ROI)
Projected value
$412,471
Return breakdown
Property appreciation+$47,907
Loan principal paid down+$18,634
Rental cash flow+$12,000
10-year hold
+$170,509(233.9% ROI)
Projected value
$466,673
Return breakdown
Property appreciation+$102,109
Loan principal paid down+$44,401
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 06880 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06880 (Fairfield County, CT) is $2,870 a month. That is up 4.4% from $2,750 in FY 2026. Among 46 ZIP codes in Fairfield County, 06880 has the 14th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06880 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06880
BedroomsFY 2027Change90–110% range
Studio$2,000+5.3%$1,800–$2,200
1BR$2,480+7.8%$2,232–$2,728
2BR$2,870+4.4%$2,583–$3,157
3BR$3,440+3.3%$3,096–$3,784
4BR$4,270+8.4%$3,843–$4,697

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06880
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,000$2,480$2,870$3,440$4,270
FY 2026$1,900$2,300$2,750$3,330$3,940
FY 2025$1,810$2,200$2,640$3,210$3,580
FY 2024$1,840$2,240$2,710$3,300$3,610
FY 2023$1,800$2,210$2,660$3,280$3,570

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06880
06855$2,470−13.9%
06870$2,860−0.3%
06877$2,680−6.6%
06878$3,150+9.8%
06880Current$2,870—
06883$2,910+1.4%
06890$3,600+25.4%
06896$2,840−1.0%
06897$2,350−18.1%
06901$2,880+0.3%
06902$2,720−5.2%
06903$3,130+9.1%

Questions about ZIP 06880 rents

How much will Section 8 pay for a two-bedroom in ZIP 06880?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,870, that basic range is $2,583 to $3,157 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 06880 for FY 2027?

The two-bedroom FMR rose 4.4%, from $2,750 in FY 2026 to $2,870 in FY 2027. Since FY 2023 it has risen 7.9%.

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