ZIP 06032 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 06032 in the Hartford-West Hartford-East Hartford, CT MSA FMR area.

Hartford-West Hartford-East Hartford, CT MSA

$1,710Efficiency
$1,9601 bedroom
$2,4502 bedrooms
$2,9203 bedrooms
$3,2204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,710$1,539$1,881$1,346
1 bedroom$1,960$1,764$2,156$1,543
2 bedrooms$2,450$2,205$2,695$1,933
3 bedrooms$2,920$2,628$3,212$2,303
4 bedrooms$3,220$2,898$3,542$2,542

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Waterbury-Shelton, CT MSA

$1,710Efficiency
$1,9601 bedroom
$2,4502 bedrooms
$2,9203 bedrooms
$3,2204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,710$1,539$1,881$1,249
1 bedroom$1,960$1,764$2,156$1,336
2 bedrooms$2,450$2,205$2,695$1,745
3 bedrooms$2,920$2,628$3,212$2,184
4 bedrooms$3,220$2,898$3,542$2,599

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 06032

$171,419average adjusted gross income per tax return (2022)
$108,357average salaries and wages per return
9,590tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00018.8%
$25,000 to $50,00013.2%
$50,000 to $75,00012.5%
$75,000 to $100,00011.1%
$100,000 to $200,00023.7%
$200,000 or more20.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 06032?

HUD's FY2027 Small Area FMRs for ZIP 06032 (Hartford-West Hartford-East Hartford, CT MSA) are $1,710 efficiency, $1,960 one bedroom, $2,450 two bedrooms, $2,920 three and $3,220 four bedrooms.

What payment standard can a housing authority set in ZIP 06032?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,205 to $2,695.

How affordable is rent in ZIP 06032?

Tax returns filed from ZIP 06032 reported an average adjusted gross income of $171,419 (2022). A two-bedroom unit at the Small Area FMR costs $29,400 a year, or 17% of that income.