FY2027 Small Area FMR · Milford, CT

ZIP 06461 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06461 (Milford, CT) is $2,830 a month, up 4.8% from FY2026. That is 35% above the New Haven, CT area-wide FMR of $2,091.

2-bedroom SAFMR$2,830per month ▲ 4.8%

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

Rank in the area2ndof 50 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,547

2 BR Small Area FMR$2,830

110% of SAFMR$3,113

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

Studio$2,180▲ 16.0%

1 BR$2,360▲ 8.3%

2 BR$2,830▲ 4.8%

3 BR$3,520▲ 5.4%

4 BR$3,970▲ 0.8%

FY2027 FY2026

Where 06461 sits in the New Haven, CT area

Of the 50 ZIP codes HUD lists for the area, 06461 has the 2nd 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 $2,830 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	$2,180	$1,962 – $2,398	$1,609	$1,880
1 bedroom	$2,360	$2,124 – $2,596	$1,743	$2,180
2 bedrooms	$2,830	$2,547 – $3,113	$2,091	$2,700
3 bedrooms	$3,520	$3,168 – $3,872	$2,602	$3,340
4 bedrooms	$3,970	$3,573 – $4,367	$2,935	$3,940

A household renting a two-bedroom home at the Small Area FMR of $2,830 needs about $113,200 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 06461 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
06460	Milford	1.9 mi	$2,500
06614	Stratford	2.9 mi	$2,460
06477	Orange	4.1 mi	$2,800
06610	Bridgeport	5.1 mi	$2,260
06615	Stratford	5.6 mi	$2,260
06484	Shelton	5.6 mi	$2,260

Questions

What is the Fair Market Rent for ZIP code 06461?

HUD's FY2027 Small Area Fair Market Rents for 06461 are $2,180 (studio), $2,360 (1 BR), $2,830 (2 BR), $3,520 (3 BR) and $3,970 (4 BR) a month.

What is the Section 8 payment standard in 06461?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06461 that range is $2,547 to $3,113 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06461?

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.