ZIP 06824 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 06824 in the Bridgeport-Stamford-Danbury, CT MSA FMR area.

$2,170Efficiency
$2,6401 bedroom
$3,1502 bedrooms
$3,8103 bedrooms
$4,5204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,170$1,953$2,387$1,671
1 bedroom$2,640$2,376$2,904$2,071
2 bedrooms$3,150$2,835$3,465$2,399
3 bedrooms$3,810$3,429$4,191$2,878
4 bedrooms$4,520$4,068$4,972$3,573

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

Income in ZIP 06824

$293,134average adjusted gross income per tax return (2022)
$179,789average salaries and wages per return
15,260tax returns filed
13%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.1%
$25,000 to $50,0009.7%
$50,000 to $75,0008.7%
$75,000 to $100,0007.7%
$100,000 to $200,00019.0%
$200,000 or more35.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 06824?

HUD's FY2027 Small Area FMRs for ZIP 06824 (Bridgeport-Stamford-Danbury, CT MSA) are $2,170 efficiency, $2,640 one bedroom, $3,150 two bedrooms, $3,810 three and $4,520 four bedrooms.

What payment standard can a housing authority set in ZIP 06824?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,835 to $3,465.

How affordable is rent in ZIP 06824?

Tax returns filed from ZIP 06824 reported an average adjusted gross income of $293,134 (2022). A two-bedroom unit at the Small Area FMR costs $37,800 a year, or 13% of that income.