FY2027 Small Area FMR · Waterbury, CT

ZIP 06708 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06708 (Waterbury, CT) is $1,740 a month, down 3.9% from FY2026. That is 0% equal to the Waterbury-Shelton, CT area-wide FMR of $1,745.

2-bedroom SAFMR$1,740per month ▼ 3.9%

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

Rank in the area36thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,566

2 BR Small Area FMR$1,740

110% of SAFMR$1,914

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

Studio$1,250▼ 0.8%

1 BR$1,330▼ 8.9%

2 BR$1,740▼ 3.9%

3 BR$2,180▼ 2.7%

4 BR$2,590▼ 1.9%

FY2027 FY2026

Where 06708 sits in the Waterbury-Shelton, CT area

Of the 51 ZIP codes HUD lists for the area, 06708 has the 36th 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 $1,740 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	$1,250	$1,125 – $1,375	$1,249	$1,260
1 bedroom	$1,330	$1,197 – $1,463	$1,336	$1,460
2 bedrooms	$1,740	$1,566 – $1,914	$1,745	$1,810
3 bedrooms	$2,180	$1,962 – $2,398	$2,184	$2,240
4 bedrooms	$2,590	$2,331 – $2,849	$2,599	$2,640

A household renting a two-bedroom home at the Small Area FMR of $1,740 needs about $69,600 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 06708 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	1.4 mi	$1,610
06710	Waterbury	1.8 mi	$1,610
06706	Waterbury	2.7 mi	$1,680
06762	Middlebury	2.9 mi	$2,190
06779	Oakville	3.2 mi	$1,800
06704	Waterbury	3.2 mi	$1,670

Questions

What is the Fair Market Rent for ZIP code 06708?

HUD's FY2027 Small Area Fair Market Rents for 06708 are $1,250 (studio), $1,330 (1 BR), $1,740 (2 BR), $2,180 (3 BR) and $2,590 (4 BR) a month.

What is the Section 8 payment standard in 06708?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06708 that range is $1,566 to $1,914 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06708?

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.