What is the Fair Market Rent for a 2-bedroom in Norwich-New London, CT HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Norwich-New London, CT HUD Metro FMR Area is $1,625 per month for fiscal year 2025. The studio FMR is $1,114, 1-bedroom is $1,326, 3-bedroom is $2,107, and 4-bedroom is $2,723.

What income do you need to afford the FMR in Norwich-New London, CT HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $65,000 per year ($5,417 per month) to afford the FY2025 2-bedroom Fair Market Rent of $1,625 in Norwich-New London, CT HUD Metro FMR Area.

FY2025 Fair Market Rents — Norwich-New London, CT HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio

$1,114

1BR

$1,326

2BR

$1,625

3BR

$2,107

4BR

$2,723

Hours/week at min wage

77 hrs

to afford the 2BR FMR @ $16.35/hr (CT)

YoY change (2BR)

+4.4%

+$69 vs FY2024 · 5-yr +36.4%

Voucher payment standard

$1,463–$1,788

PHAs set HCV payment at 90–110% of the 2BR FMR

Norwich-New London, CT HUD Metro FMR Area

Non-Metropolitan area · CT · View full history · Income limits · LIHTC rents

FY2025 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,114	$13,368
1-Bedroom	$1,326	$15,912
2-Bedroom	$1,625	$19,500
3-Bedroom	$2,107	$25,284
4-Bedroom	$2,723	$32,676

Recent 2-Bedroom FMR Trend

FY2019 $1,143 → FY2025 $1,625

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2025	$1,114	$1,326	$1,625	$2,107	$2,723
FY2024	$1,055	$1,263	$1,556	$2,030	$2,625
FY2023	$970	$1,177	$1,450	$1,878	$2,470
FY2022	$833	$1,006	$1,254	$1,616	$2,102
FY2021	$810	$976	$1,227	$1,584	$2,027
FY2020	$815	$938	$1,191	$1,542	$1,908
FY2019	$798	$898	$1,143	$1,503	$1,804

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $107,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$24,000	$27,400	$30,850	$34,250	$37,000	$41,960
50% AMI (Very Low)	$40,000	$45,700	$51,400	$57,100	$61,700	$66,250
80% AMI (Low)	$63,950	$73,100	$82,250	$91,350	$98,700	$106,000

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$19,500/yr

FMR as % of Area Median Income

18.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$65,000/yr

$5,417/mo gross income

FY2024 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$936	$1,070	$1,203	$1,444	$1,551
60% AMI Maximum	$1,123	$1,284	$1,444	$1,733	$1,861

FY2024 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$1,055	$1,263	$1,556	$1,738	$1,738
Low HOME Rent	$1,000	$1,142	$1,285	$1,427	$1,542

Compare Norwich-New London, CT HUD Metro FMR Area With Other CT Metros

vs. Ansonia town, CT Exception Area vs. Beacon Falls town, CT Exception Area vs. Bridgeport, CT HUD Metro FMR Area vs. Bridgeport-Stamford-Danbury, CT MSA vs. Cheshire town, CT Exception Area