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CT/Fairfield County/06905

06905

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$1,940$1,940
1 BR$2,400$2,400
2 BR$2,780$2,780
3 BR$3,330$3,330
4 BR$4,140$4,140
5 BR$4,761Not available
6 BR$5,475Not available
7 BR$6,296Not available
8 BR$7,241Not available

Purchase Price Calculator

Maximum purchase price
$351,190

Cost breakdown

+Likely effective rent$2,780
HUD FMRUsed$2,780
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,776
Loan amount$280,952
Down payment$70,238
Rate6.50%
Term30 years
-Operating costs-$804
Property taxes-$351
Insurance-$175
Utilities$0
HOA$0
Management-$278
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,269(63.0% ROI)
Projected value
$378,194
Return breakdown
Property appreciation+$27,003
Loan principal paid down+$10,066
Rental cash flow+$7,200
5-year hold
+$76,099(108.3% ROI)
Projected value
$397,340
Return breakdown
Property appreciation+$46,149
Loan principal paid down+$17,950
Rental cash flow+$12,000
10-year hold
+$165,135(235.1% ROI)
Projected value
$449,553
Return breakdown
Property appreciation+$98,363
Loan principal paid down+$42,772
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 06905 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06905 (Fairfield County, CT) is $2,780 a month. That is down 1.8% from $2,830 in FY 2026. Among 46 ZIP codes in Fairfield County, 06905 has the 17th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06905 is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06905
BedroomsFY 2027Change90–110% range
Studio$1,940−0.5%$1,746–$2,134
1BR$2,400+1.3%$2,160–$2,640
2BR$2,780−1.8%$2,502–$3,058
3BR$3,330−2.6%$2,997–$3,663
4BR$4,140+2.0%$3,726–$4,554

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06905
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,940$2,400$2,780$3,330$4,140
FY 2026$1,950$2,370$2,830$3,420$4,060
FY 2025$1,940$2,350$2,830$3,440$3,840
FY 2024$1,970$2,410$2,910$3,550$3,880
FY 2023$1,960$2,400$2,890$3,560$3,880

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06905
06878$3,150+13.3%
06880$2,870+3.2%
06883$2,910+4.7%
06890$3,600+29.5%
06896$2,840+2.2%
06897$2,350−15.5%
06901$2,880+3.6%
06902$2,720−2.2%
06903$3,130+12.6%
06905Current$2,780—
06906$2,700−2.9%
06907$2,550−8.3%

Questions about ZIP 06905 rents

How much will Section 8 pay for a two-bedroom in ZIP 06905?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,780, that basic range is $2,502 to $3,058 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 06905 for FY 2027?

The two-bedroom FMR fell 1.8%, from $2,830 in FY 2026 to $2,780 in FY 2027. Since FY 2023 it has fallen 3.8%.

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