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CT/Fairfield County/06890

06890

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$2,510$2,510
1 BR$3,110$3,110
2 BR$3,600$3,600
3 BR$4,320$4,320
4 BR$5,360$5,360
5 BR$6,164Not available
6 BR$7,089Not available
7 BR$8,152Not available
8 BR$9,375Not available

Purchase Price Calculator

Maximum purchase price
$473,042

Cost breakdown

+Likely effective rent$3,600
HUD FMRUsed$3,600
Market rentN/A
Est. payment standardN/A
-Principal and interest-$2,392
Loan amount$378,434
Down payment$94,608
Rate6.50%
Term30 years
-Operating costs-$1,008
Property taxes-$473
Insurance-$175
Utilities$0
HOA$0
Management-$360
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$57,131(60.4% ROI)
Projected value
$509,415
Return breakdown
Property appreciation+$36,372
Loan principal paid down+$13,558
Rental cash flow+$7,200
5-year hold
+$98,340(103.9% ROI)
Projected value
$535,204
Return breakdown
Property appreciation+$62,162
Loan principal paid down+$24,178
Rental cash flow+$12,000
10-year hold
+$214,104(226.3% ROI)
Projected value
$605,534
Return breakdown
Property appreciation+$132,492
Loan principal paid down+$57,612
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 06890 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06890 (Fairfield County, CT) is $3,600 a month. That is down 4.5% from $3,770 in FY 2026. Among 46 ZIP codes in Fairfield County, 06890 is tied for the highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06890 is 86% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06890
BedroomsFY 2027Change90–110% range
Studio$2,510−3.5%$2,259–$2,761
1BR$3,110−1.3%$2,799–$3,421
2BR$3,600−4.5%$3,240–$3,960
3BR$4,320−5.3%$3,888–$4,752
4BR$5,360−0.7%$4,824–$5,896

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06890
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,510$3,110$3,600$4,320$5,360
FY 2026$2,600$3,150$3,770$4,560$5,400
FY 2025$2,020$2,360$2,950$3,660$4,260
FY 2024$2,000$2,390$2,950$3,730$4,400
FY 2023$1,660$2,000$2,480$3,170$3,700

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06890
06877$2,680−25.6%
06878$3,150−12.5%
06880$2,870−20.3%
06883$2,910−19.2%
06890Current$3,600—
06896$2,840−21.1%
06897$2,350−34.7%
06901$2,880−20.0%
06902$2,720−24.4%
06903$3,130−13.1%
06905$2,780−22.8%
06906$2,700−25.0%

Questions about ZIP 06890 rents

How much will Section 8 pay for a two-bedroom in ZIP 06890?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,600, that basic range is $3,240 to $3,960 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 06890 for FY 2027?

The two-bedroom FMR fell 4.5%, from $3,770 in FY 2026 to $3,600 in FY 2027. Since FY 2023 it has risen 45.2%.

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