FY2027 Small Area FMR · Southbury, CT

ZIP 06488 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06488 (Southbury, CT) is $2,470 a month, down 4.6% from FY2026. That is 42% above the Waterbury-Shelton, CT area-wide FMR of $1,745.

2-bedroom SAFMR$2,470per month ▼ 4.6%

Area-wide 2 BR FMR$1,745Waterbury-Shelton, CT

Rank in the area6thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,223

2 BR Small Area FMR$2,470

110% of SAFMR$2,717

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

Studio$1,770▼ 1.7%

1 BR$1,890▼ 9.6%

2 BR$2,470▼ 4.6%

3 BR$3,090▼ 3.4%

4 BR$3,680▼ 2.6%

FY2027 FY2026

Where 06488 sits in the Waterbury-Shelton, CT area

Of the 51 ZIP codes HUD lists for the area, 06488 has the 6th highest two-bedroom Small Area FMR. Waterbury-Shelton, 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 $1,745 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,470 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	$1,770	$1,593 – $1,947	$1,249	$1,800
1 bedroom	$1,890	$1,701 – $2,079	$1,336	$2,090
2 bedrooms	$2,470	$2,223 – $2,717	$1,745	$2,590
3 bedrooms	$3,090	$2,781 – $3,399	$2,184	$3,200
4 bedrooms	$3,680	$3,312 – $4,048	$2,599	$3,780

A household renting a two-bedroom home at the Small Area FMR of $2,470 needs about $98,800 a year to keep housing costs at 30% of income. The area median family income is $114,000 and the 80% low-income limit for four people is $99,600. ZIP code 06488 lies mainly in Naugatuck Valley Planning Region. See the Waterbury-Shelton, CT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
06482	Sandy Hook	4.7 mi	$2,320
06478	Oxford	4.8 mi	$1,720
06798	Woodbury	6.0 mi	$2,140
06783	Roxbury	6.5 mi	$2,260
06762	Middlebury	6.7 mi	$2,190
06470	Newtown	7.2 mi	$2,460

Questions

What is the Fair Market Rent for ZIP code 06488?

HUD's FY2027 Small Area Fair Market Rents for 06488 are $1,770 (studio), $1,890 (1 BR), $2,470 (2 BR), $3,090 (3 BR) and $3,680 (4 BR) a month.

What is the Section 8 payment standard in 06488?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06488 that range is $2,223 to $2,717 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06488?

The FY2026 income limits of the Waterbury-Shelton, CT area apply: median family income $114,000, low-income (80%) limit $99,600 for a family of four.