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CT/Fairfield County/06906

06906

ZIPSAFMR
Fairfield County, CT
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,880$1,880
1 BR$2,330$2,330
2 BR$2,700$2,700
3 BR$3,240$3,240
4 BR$4,020$4,020
5 BR$4,623Not available
6 BR$5,316Not available
7 BR$6,114Not available
8 BR$7,031Not available

Purchase Price Calculator

Maximum purchase price
$339,302

Cost breakdown

+Likely effective rent$2,700
HUD FMRUsed$2,700
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,716
Loan amount$271,442
Down payment$67,860
Rate6.50%
Term30 years
-Operating costs-$784
Property taxes-$339
Insurance-$175
Utilities$0
HOA$0
Management-$270
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,014(63.4% ROI)
Projected value
$365,392
Return breakdown
Property appreciation+$26,089
Loan principal paid down+$9,725
Rental cash flow+$7,200
5-year hold
+$73,930(108.9% ROI)
Projected value
$383,890
Return breakdown
Property appreciation+$44,587
Loan principal paid down+$17,342
Rental cash flow+$12,000
10-year hold
+$160,357(236.3% ROI)
Projected value
$434,336
Return breakdown
Property appreciation+$95,033
Loan principal paid down+$41,324
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 06906 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06906 (Fairfield County, CT) is $2,700 a month. That is up 1.5% from $2,660 in FY 2026. Among 46 ZIP codes in Fairfield County, 06906 has the 20th-highest two-bedroom rent (county range $2,260–$3,600). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06906 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06906
BedroomsFY 2027Change90–110% range
Studio$1,880+2.7%$1,692–$2,068
1BR$2,330+4.5%$2,097–$2,563
2BR$2,700+1.5%$2,430–$2,970
3BR$3,240+0.6%$2,916–$3,564
4BR$4,020+5.5%$3,618–$4,422

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06906
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,880$2,330$2,700$3,240$4,020
FY 2026$1,830$2,230$2,660$3,220$3,810
FY 2025$1,820$2,210$2,650$3,230$3,600
FY 2024$1,770$2,160$2,610$3,180$3,480
FY 2023$1,690$2,080$2,500$3,080$3,360

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06906
06878$3,150+16.7%
06880$2,870+6.3%
06883$2,910+7.8%
06890$3,600+33.3%
06896$2,840+5.2%
06897$2,350−13.0%
06901$2,880+6.7%
06902$2,720+0.7%
06903$3,130+15.9%
06905$2,780+3.0%
06906Current$2,700—
06907$2,550−5.6%

Questions about ZIP 06906 rents

How much will Section 8 pay for a two-bedroom in ZIP 06906?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,700, that basic range is $2,430 to $2,970 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 06906 for FY 2027?

The two-bedroom FMR rose 1.5%, from $2,660 in FY 2026 to $2,700 in FY 2027. Since FY 2023 it has risen 8.0%.

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