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CT/Fairfield County/06883

06883

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$2,030$2,030
1 BR$2,510$2,510
2 BR$2,910$2,910
3 BR$3,490$3,490
4 BR$4,330$4,330
5 BR$4,980Not available
6 BR$5,726Not available
7 BR$6,585Not available
8 BR$7,573Not available

Purchase Price Calculator

Maximum purchase price
$370,508

Cost breakdown

+Likely effective rent$2,910
HUD FMRUsed$2,910
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,873
Loan amount$296,407
Down payment$74,102
Rate6.50%
Term30 years
-Operating costs-$837
Property taxes-$371
Insurance-$175
Utilities$0
HOA$0
Management-$291
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,308(62.5% ROI)
Projected value
$398,997
Return breakdown
Property appreciation+$28,489
Loan principal paid down+$10,620
Rental cash flow+$7,200
5-year hold
+$79,625(107.5% ROI)
Projected value
$419,196
Return breakdown
Property appreciation+$48,688
Loan principal paid down+$18,937
Rental cash flow+$12,000
10-year hold
+$172,898(233.3% ROI)
Projected value
$474,282
Return breakdown
Property appreciation+$103,774
Loan principal paid down+$45,125
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
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Tax rate
--
Mortgage rate
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ZIP 06883 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06883 (Fairfield County, CT) is $2,910 a month. That is down 6.4% from $3,110 in FY 2026. Among 46 ZIP codes in Fairfield County, 06883 is tied for the 11th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06883 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06883
BedroomsFY 2027Change90–110% range
Studio$2,030−5.6%$1,827–$2,233
1BR$2,510−3.5%$2,259–$2,761
2BR$2,910−6.4%$2,619–$3,201
3BR$3,490−7.2%$3,141–$3,839
4BR$4,330−2.9%$3,897–$4,763

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06883
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,030$2,510$2,910$3,490$4,330
FY 2026$2,150$2,600$3,110$3,760$4,460
FY 2025$2,280$2,780$3,360$4,100$4,480
FY 2024$2,530$3,080$3,730$4,550$4,970
FY 2023$2,520$3,090$3,720$4,590$5,000

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06883
06870$2,860−1.7%
06877$2,680−7.9%
06878$3,150+8.2%
06880$2,870−1.4%
06883Current$2,910—
06890$3,600+23.7%
06896$2,840−2.4%
06897$2,350−19.2%
06901$2,880−1.0%
06902$2,720−6.5%
06903$3,130+7.6%
06905$2,780−4.5%

Questions about ZIP 06883 rents

How much will Section 8 pay for a two-bedroom in ZIP 06883?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,910, that basic range is $2,619 to $3,201 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 06883 for FY 2027?

The two-bedroom FMR fell 6.4%, from $3,110 in FY 2026 to $2,910 in FY 2027. Since FY 2023 it has fallen 21.8%.

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