FY2027 Small Area FMR · Falls Village, CT

ZIP 06031 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06031 (Falls Village, CT) is $2,250 a month, up 6.1% from FY2026. That is 44% above the Northwest Hills Planning Region, CT area-wide FMR of $1,560.

2-bedroom SAFMR$2,250per month ▲ 6.1%

Area-wide 2 BR FMR$1,560Northwest Hills Planning Reg

Rank in the area7thof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,025

2 BR Small Area FMR$2,250

110% of SAFMR$2,475

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,570▲ 7.5%

1 BR$1,850▲ 6.9%

2 BR$2,250▲ 6.1%

3 BR$2,970▲ 8.8%

4 BR$3,400▲ 10.4%

FY2027 FY2026

Where 06031 sits in the Northwest Hills Planning Region, CT area

Of the 42 ZIP codes HUD lists for the area, 06031 has the 7th highest two-bedroom Small Area FMR. Northwest Hills Planning Region, CT is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,560 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,250 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,570	$1,413 – $1,727	$1,086	$1,460
1 bedroom	$1,850	$1,665 – $2,035	$1,280	$1,730
2 bedrooms	$2,250	$2,025 – $2,475	$1,560	$2,120
3 bedrooms	$2,970	$2,673 – $3,267	$2,061	$2,730
4 bedrooms	$3,400	$3,060 – $3,740	$2,359	$3,080

A household renting a two-bedroom home at the Small Area FMR of $2,250 needs about $90,000 a year to keep housing costs at 30% of income. The area median family income is $122,800 and the 80% low-income limit for four people is $99,600. ZIP code 06031 lies mainly in Northwest Hills Planning Region. See the Northwest Hills Planning Region, CT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
06024	East Canaan	4.5 mi	$1,800
06018	Canaan	4.9 mi	$1,600
06796	West Cornwall	6.3 mi	$2,040
06068	Salisbury	6.5 mi	$1,900
06079	Taconic	6.9 mi	$1,710
01222	Ashley Falls	7.1 mi	$1,680

Questions

What is the Fair Market Rent for ZIP code 06031?

HUD's FY2027 Small Area Fair Market Rents for 06031 are $1,570 (studio), $1,850 (1 BR), $2,250 (2 BR), $2,970 (3 BR) and $3,400 (4 BR) a month.

What is the Section 8 payment standard in 06031?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06031 that range is $2,025 to $2,475 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06031?

The FY2026 income limits of the Northwest Hills Planning Region, CT area apply: median family income $122,800, low-income (80%) limit $99,600 for a family of four.