ZIP 06870 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 06870 in the Bridgeport-Stamford-Danbury, CT MSA FMR area.

$1,990Efficiency
$2,4701 bedroom
$2,8602 bedrooms
$3,4303 bedrooms
$4,2604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,990$1,791$2,189$1,671
1 bedroom$2,470$2,223$2,717$2,071
2 bedrooms$2,860$2,574$3,146$2,399
3 bedrooms$3,430$3,087$3,773$2,878
4 bedrooms$4,260$3,834$4,686$3,573

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

Income in ZIP 06870

$816,883average adjusted gross income per tax return (2022)
$338,920average salaries and wages per return
3,350tax returns filed
4%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00017.0%
$25,000 to $50,0007.8%
$50,000 to $75,0006.0%
$75,000 to $100,0005.4%
$100,000 to $200,00014.9%
$200,000 or more49.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 1.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 06870?

HUD's FY2027 Small Area FMRs for ZIP 06870 (Bridgeport-Stamford-Danbury, CT MSA) are $1,990 efficiency, $2,470 one bedroom, $2,860 two bedrooms, $3,430 three and $4,260 four bedrooms.

What payment standard can a housing authority set in ZIP 06870?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,574 to $3,146.

How affordable is rent in ZIP 06870?

Tax returns filed from ZIP 06870 reported an average adjusted gross income of $816,883 (2022). A two-bedroom unit at the Small Area FMR costs $34,320 a year, or 4% of that income.