FY2027 Small Area FMR · Milford, CT

ZIP 06460 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06460 (Milford, CT) is $2,500 a month, up 6.4% from FY2026. That is 20% above the New Haven, CT area-wide FMR of $2,091.

2-bedroom SAFMR$2,500per month ▲ 6.4%

Area-wide 2 BR FMR$2,091New Haven, CT

Rank in the area6thof 50 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,250

2 BR Small Area FMR$2,500

110% of SAFMR$2,750

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

Studio$1,920▲ 17.1%

1 BR$2,080▲ 9.5%

2 BR$2,500▲ 6.4%

3 BR$3,110▲ 7.2%

4 BR$3,510▲ 2.3%

FY2027 FY2026

Where 06460 sits in the New Haven, CT area

Of the 50 ZIP codes HUD lists for the area, 06460 has the 6th highest two-bedroom Small Area FMR. New Haven, 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 $2,091 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,500 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	$1,920	$1,728 – $2,112	$1,609	$1,640
1 bedroom	$2,080	$1,872 – $2,288	$1,743	$1,900
2 bedrooms	$2,500	$2,250 – $2,750	$2,091	$2,350
3 bedrooms	$3,110	$2,799 – $3,421	$2,602	$2,900
4 bedrooms	$3,510	$3,159 – $3,861	$2,935	$3,430

A household renting a two-bedroom home at the Small Area FMR of $2,500 needs about $100,000 a year to keep housing costs at 30% of income. The area median family income is $123,200 and the 80% low-income limit for four people is $99,600. ZIP code 06460 lies mainly in South Central Connecticut Planning Region. See the New Haven, CT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
06461	Milford	1.9 mi	$2,830
06614	Stratford	4.1 mi	$2,460
06477	Orange	4.8 mi	$2,800
06615	Stratford	5.3 mi	$2,260
06516	West Haven	5.9 mi	$1,990
06610	Bridgeport	5.9 mi	$2,260

Questions

What is the Fair Market Rent for ZIP code 06460?

HUD's FY2027 Small Area Fair Market Rents for 06460 are $1,920 (studio), $2,080 (1 BR), $2,500 (2 BR), $3,110 (3 BR) and $3,510 (4 BR) a month.

What is the Section 8 payment standard in 06460?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06460 that range is $2,250 to $2,750 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06460?

The FY2026 income limits of the New Haven, CT area apply: median family income $123,200, low-income (80%) limit $99,600 for a family of four.