FY2027 Small Area FMR · Niantic, CT

ZIP 06357 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06357 (Niantic, CT) is $2,070 a month, down 1.4% from FY2026. That is 9% above the Norwich-New London-Willimantic, CT area-wide FMR of $1,902.

2-bedroom SAFMR$2,070per month ▼ 1.4%

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

Rank in the area10thof 40 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,863

2 BR Small Area FMR$2,070

110% of SAFMR$2,277

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

Studio$1,440▼ 0.7%

1 BR$1,650▼ 1.8%

2 BR$2,070▼ 1.4%

3 BR$2,630▼ 3.0%

4 BR$3,260▼ 3.0%

FY2027 FY2026

Where 06357 sits in the Norwich-New London-Willimantic, CT area

Of the 40 ZIP codes HUD lists for the area, 06357 has the 10th 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 $2,070 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	$1,440	$1,296 – $1,584	$1,324	$1,450
1 bedroom	$1,650	$1,485 – $1,815	$1,518	$1,680
2 bedrooms	$2,070	$1,863 – $2,277	$1,902	$2,100
3 bedrooms	$2,630	$2,367 – $2,893	$2,418	$2,710
4 bedrooms	$3,260	$2,934 – $3,586	$2,995	$3,360

A household renting a two-bedroom home at the Small Area FMR of $2,070 needs about $82,800 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 06357 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
06376	South Lyme	3.0 mi	$2,730
06385	Waterford	3.9 mi	$2,250
06333	East Lyme	4.1 mi	$2,280
06320	New London	6.1 mi	$1,910
06371	Old Lyme	6.1 mi	$2,730
06375	Quaker Hill	7.3 mi	$1,680

Questions

What is the Fair Market Rent for ZIP code 06357?

HUD's FY2027 Small Area Fair Market Rents for 06357 are $1,440 (studio), $1,650 (1 BR), $2,070 (2 BR), $2,630 (3 BR) and $3,260 (4 BR) a month.

What is the Section 8 payment standard in 06357?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06357 that range is $1,863 to $2,277 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06357?

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.