ZIP 06820 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 06820 in the Bridgeport-Stamford-Danbury, CT MSA FMR area.

$2,190Efficiency
$2,6501 bedroom
$3,1802 bedrooms
$3,8703 bedrooms
$4,3204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,190$1,971$2,409$1,671
1 bedroom$2,650$2,385$2,915$2,071
2 bedrooms$3,180$2,862$3,498$2,399
3 bedrooms$3,870$3,483$4,257$2,878
4 bedrooms$4,320$3,888$4,752$3,573

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

Income in ZIP 06820

$709,736average adjusted gross income per tax return (2022)
$369,665average salaries and wages per return
9,540tax returns filed
5%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.3%
$25,000 to $50,0007.0%
$50,000 to $75,0005.8%
$75,000 to $100,0005.0%
$100,000 to $200,00011.7%
$200,000 or more51.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 2.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 06820?

HUD's FY2027 Small Area FMRs for ZIP 06820 (Bridgeport-Stamford-Danbury, CT MSA) are $2,190 efficiency, $2,650 one bedroom, $3,180 two bedrooms, $3,870 three and $4,320 four bedrooms.

What payment standard can a housing authority set in ZIP 06820?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,862 to $3,498.

How affordable is rent in ZIP 06820?

Tax returns filed from ZIP 06820 reported an average adjusted gross income of $709,736 (2022). A two-bedroom unit at the Small Area FMR costs $38,160 a year, or 5% of that income.