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CT/Fairfield County/06903

06903

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$2,190$2,190
1 BR$2,710$2,710
2 BR$3,130$3,130
3 BR$3,760$3,760
4 BR$4,660$4,660
5 BR$5,359Not available
6 BR$6,163Not available
7 BR$7,087Not available
8 BR$8,150Not available

Purchase Price Calculator

Maximum purchase price
$403,200

Cost breakdown

+Likely effective rent$3,130
HUD FMRUsed$3,130
Market rentN/A
Est. payment standardN/A
-Principal and interest-$2,039
Loan amount$322,560
Down payment$80,640
Rate6.50%
Term30 years
-Operating costs-$891
Property taxes-$403
Insurance-$175
Utilities$0
HOA$0
Management-$313
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,759(61.7% ROI)
Projected value
$434,203
Return breakdown
Property appreciation+$31,002
Loan principal paid down+$11,557
Rental cash flow+$7,200
5-year hold
+$85,592(106.1% ROI)
Projected value
$456,184
Return breakdown
Property appreciation+$52,984
Loan principal paid down+$20,608
Rental cash flow+$12,000
10-year hold
+$186,036(230.7% ROI)
Projected value
$516,130
Return breakdown
Property appreciation+$112,930
Loan principal paid down+$49,106
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 06903 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06903 (Fairfield County, CT) is $3,130 a month. That is down 2.2% from $3,200 in FY 2026. Among 46 ZIP codes in Fairfield County, 06903 has the 10th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06903 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06903
BedroomsFY 2027Change90–110% range
Studio$2,190+0.9%$1,971–$2,409
1BR$2,710+2.3%$2,439–$2,981
2BR$3,130−2.2%$2,817–$3,443
3BR$3,760−3.3%$3,384–$4,136
4BR$4,660+5.7%$4,194–$5,126

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06903
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,190$2,710$3,130$3,760$4,660
FY 2026$2,170$2,650$3,200$3,890$4,410
FY 2025$2,410$2,940$3,550$4,320$4,730
FY 2024$2,670$3,260$3,940$4,800$5,250
FY 2023$2,600$3,190$3,840$4,730$5,160

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06903
06878$3,150+0.6%
06880$2,870−8.3%
06883$2,910−7.0%
06890$3,600+15.0%
06896$2,840−9.3%
06897$2,350−24.9%
06901$2,880−8.0%
06902$2,720−13.1%
06903Current$3,130—
06905$2,780−11.2%
06906$2,700−13.7%
06907$2,550−18.5%

Questions about ZIP 06903 rents

How much will Section 8 pay for a two-bedroom in ZIP 06903?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,130, that basic range is $2,817 to $3,443 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 06903 for FY 2027?

The two-bedroom FMR fell 2.2%, from $3,200 in FY 2026 to $3,130 in FY 2027. Since FY 2023 it has fallen 18.5%.

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