FY2027 Small Area FMR · Waterbury, CT

ZIP 06706 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06706 (Waterbury, CT) is $1,680 a month, down 1.8% from FY2026. That is 4% below the Waterbury-Shelton, CT area-wide FMR of $1,745.

2-bedroom SAFMR$1,680per month ▼ 1.8%

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

Rank in the area39thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,512

2 BR Small Area FMR$1,680

110% of SAFMR$1,848

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

Studio$1,200▲ 0.8%

1 BR$1,310▼ 5.1%

2 BR$1,680▼ 1.8%

3 BR$2,100▼ 0.5%

4 BR$2,500▲ 0.4%

FY2027 FY2026

Where 06706 sits in the Waterbury-Shelton, CT area

Of the 51 ZIP codes HUD lists for the area, 06706 has the 39th 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 $1,680 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	$1,200	$1,080 – $1,320	$1,249	$1,190
1 bedroom	$1,310	$1,179 – $1,441	$1,336	$1,380
2 bedrooms	$1,680	$1,512 – $1,848	$1,745	$1,710
3 bedrooms	$2,100	$1,890 – $2,310	$2,184	$2,110
4 bedrooms	$2,500	$2,250 – $2,750	$2,599	$2,490

A household renting a two-bedroom home at the Small Area FMR of $1,680 needs about $67,200 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 06706 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
06702	Waterbury	2.0 mi	$1,610
06705	Waterbury	2.0 mi	$1,670
06708	Waterbury	2.7 mi	$1,740
06710	Waterbury	2.8 mi	$1,610
06770	Naugatuck	3.4 mi	$1,780
06712	Prospect	3.4 mi	$2,350

Questions

What is the Fair Market Rent for ZIP code 06706?

HUD's FY2027 Small Area Fair Market Rents for 06706 are $1,200 (studio), $1,310 (1 BR), $1,680 (2 BR), $2,100 (3 BR) and $2,500 (4 BR) a month.

What is the Section 8 payment standard in 06706?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06706 that range is $1,512 to $1,848 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06706?

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.