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CT/Fairfield County/06901

06901

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$2,010$2,010
1 BR$2,490$2,490
2 BR$2,880$2,880
3 BR$3,450$3,450
4 BR$4,290$4,290
5 BR$4,934Not available
6 BR$5,674Not available
7 BR$6,525Not available
8 BR$7,503Not available

Purchase Price Calculator

Maximum purchase price
$366,050

Cost breakdown

+Likely effective rent$2,880
HUD FMRUsed$2,880
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,851
Loan amount$292,840
Down payment$73,210
Rate6.50%
Term30 years
-Operating costs-$829
Property taxes-$366
Insurance-$175
Utilities$0
HOA$0
Management-$288
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,838(62.6% ROI)
Projected value
$394,196
Return breakdown
Property appreciation+$28,146
Loan principal paid down+$10,492
Rental cash flow+$7,200
5-year hold
+$78,812(107.7% ROI)
Projected value
$414,152
Return breakdown
Property appreciation+$48,102
Loan principal paid down+$18,710
Rental cash flow+$12,000
10-year hold
+$171,107(233.7% ROI)
Projected value
$468,575
Return breakdown
Property appreciation+$102,525
Loan principal paid down+$44,582
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 06901 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06901 (Fairfield County, CT) is $2,880 a month. That is up 3.6% from $2,780 in FY 2026. Among 46 ZIP codes in Fairfield County, 06901 has the 13th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06901 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06901
BedroomsFY 2027Change90–110% range
Studio$2,010+4.7%$1,809–$2,211
1BR$2,490+6.9%$2,241–$2,739
2BR$2,880+3.6%$2,592–$3,168
3BR$3,450+2.7%$3,105–$3,795
4BR$4,290+7.8%$3,861–$4,719

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06901
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,010$2,490$2,880$3,450$4,290
FY 2026$1,920$2,330$2,780$3,360$3,980
FY 2025$1,860$2,260$2,710$3,300$3,680
FY 2024$1,850$2,260$2,730$3,330$3,640
FY 2023$1,760$2,160$2,600$3,210$3,490

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06901
06878$3,150+9.4%
06880$2,870−0.3%
06883$2,910+1.0%
06890$3,600+25.0%
06896$2,840−1.4%
06897$2,350−18.4%
06901Current$2,880—
06902$2,720−5.6%
06903$3,130+8.7%
06905$2,780−3.5%
06906$2,700−6.2%
06907$2,550−11.5%

Questions about ZIP 06901 rents

How much will Section 8 pay for a two-bedroom in ZIP 06901?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,880, that basic range is $2,592 to $3,168 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 06901 for FY 2027?

The two-bedroom FMR rose 3.6%, from $2,780 in FY 2026 to $2,880 in FY 2027. Since FY 2023 it has risen 10.8%.

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