FY2027 Small Area FMR · Groton, CT

ZIP 06340 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06340 (Groton, CT) is $2,090 a month, up 5.6% from FY2026. That is 10% above the Norwich-New London-Willimantic, CT area-wide FMR of $1,902.

2-bedroom SAFMR$2,090per month ▲ 5.6%

Area-wide 2 BR FMR$1,902Norwich-New London-Willimant

Rank in the area9thof 40 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,881

2 BR Small Area FMR$2,090

110% of SAFMR$2,299

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

Studio$1,460▲ 6.6%

1 BR$1,670▲ 5.0%

2 BR$2,090▲ 5.6%

3 BR$2,660▲ 4.3%

4 BR$3,290▲ 3.8%

FY2027 FY2026

Where 06340 sits in the Norwich-New London-Willimantic, CT area

Of the 40 ZIP codes HUD lists for the area, 06340 has the 9th highest two-bedroom Small Area FMR. Norwich-New London-Willimantic, 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 $1,902 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,090 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	$1,460	$1,314 – $1,606	$1,324	$1,370
1 bedroom	$1,670	$1,503 – $1,837	$1,518	$1,590
2 bedrooms	$2,090	$1,881 – $2,299	$1,902	$1,980
3 bedrooms	$2,660	$2,394 – $2,926	$2,418	$2,550
4 bedrooms	$3,290	$2,961 – $3,619	$2,995	$3,170

A household renting a two-bedroom home at the Small Area FMR of $2,090 needs about $83,600 a year to keep housing costs at 30% of income. The area median family income is $111,900 and the 80% low-income limit for four people is $99,600. ZIP code 06340 lies mainly in Southeastern Connecticut Planning Region. See the Norwich-New London-Willimantic, CT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
06320	New London	3.2 mi	$1,910
06355	Mystic	3.4 mi	$2,350
06375	Quaker Hill	5.6 mi	$1,680
06335	Gales Ferry	5.6 mi	$2,470
06385	Waterford	6.0 mi	$2,250
06339	Ledyard	6.6 mi	$1,860

Questions

What is the Fair Market Rent for ZIP code 06340?

HUD's FY2027 Small Area Fair Market Rents for 06340 are $1,460 (studio), $1,670 (1 BR), $2,090 (2 BR), $2,660 (3 BR) and $3,290 (4 BR) a month.

What is the Section 8 payment standard in 06340?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06340 that range is $1,881 to $2,299 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06340?

The FY2026 income limits of the Norwich-New London-Willimantic, CT area apply: median family income $111,900, low-income (80%) limit $99,600 for a family of four.