FY2027 Small Area FMR · Waterbury, CT

ZIP 06721 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06721 (Waterbury, CT) is $1,760 a month, down 6.9% from FY2026. That is 1% above the Waterbury-Shelton, CT area-wide FMR of $1,745.

2-bedroom SAFMR$1,760per month ▼ 6.9%

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

Rank in the area28thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,584

2 BR Small Area FMR$1,760

110% of SAFMR$1,936

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

Studio$1,260▼ 4.5%

1 BR$1,380▼ 9.8%

2 BR$1,760▼ 6.9%

3 BR$2,200▼ 6.0%

4 BR$2,620▼ 5.1%

FY2027 FY2026

Where 06721 sits in the Waterbury-Shelton, CT area

Of the 51 ZIP codes HUD lists for the area, 06721 has the 28th 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 $1,760 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	$1,260	$1,134 – $1,386	$1,249	$1,320
1 bedroom	$1,380	$1,242 – $1,518	$1,336	$1,530
2 bedrooms	$1,760	$1,584 – $1,936	$1,745	$1,890
3 bedrooms	$2,200	$1,980 – $2,420	$2,184	$2,340
4 bedrooms	$2,620	$2,358 – $2,882	$2,599	$2,760

A household renting a two-bedroom home at the Small Area FMR of $1,760 needs about $70,400 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 06721 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	0.3 mi	$1,610
06710	Waterbury	0.8 mi	$1,610
06708	Waterbury	1.1 mi	$1,740
06706	Waterbury	2.3 mi	$1,680
06704	Waterbury	2.3 mi	$1,670
06779	Oakville	3.0 mi	$1,800

Questions

What is the Fair Market Rent for ZIP code 06721?

HUD's FY2027 Small Area Fair Market Rents for 06721 are $1,260 (studio), $1,380 (1 BR), $1,760 (2 BR), $2,200 (3 BR) and $2,620 (4 BR) a month.

What is the Section 8 payment standard in 06721?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06721 that range is $1,584 to $1,936 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06721?

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.