FY2025 Fair Market Rents — New Haven-Meriden, CT HUD Metro FMR Area

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

Studio
$1,421
1BR
$1,529
2BR
$1,867
3BR
$2,319
4BR
$2,618
Hours/week at min wage
88 hrs
to afford the 2BR FMR @ $16.35/hr (CT)
National rank
#70
of 639 U.S. metros (top 12% most expensive)
YoY change (2BR)
+11.4%
+$191 vs FY2024 · 5-yr +32.7%
Voucher payment standard
$1,680–$2,054
PHAs set HCV payment at 90–110% of the 2BR FMR

New Haven-Meriden, CT HUD Metro FMR Area

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

FY2025 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,421 $17,052
1-Bedroom $1,529 $18,348
2-Bedroom $1,867 $22,404
3-Bedroom $2,319 $27,828
4-Bedroom $2,618 $31,416

Recent 2-Bedroom FMR Trend

FY2019 $1,403 → FY2025 $1,867
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2025 $1,421 $1,529 $1,867 $2,319 $2,618
FY2024 $1,251 $1,374 $1,676 $2,062 $2,348
FY2023 $1,200 $1,334 $1,629 $2,001 $2,258
FY2022 $1,048 $1,186 $1,447 $1,789 $1,995
FY2021 $1,055 $1,181 $1,438 $1,793 $1,993
FY2020 $1,042 $1,162 $1,407 $1,775 $2,008
FY2019 $1,049 $1,163 $1,403 $1,788 $2,070

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $116,100

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $24,400 $27,900 $31,400 $34,850 $37,650 $41,960
50% AMI (Very Low) $40,650 $46,450 $52,250 $58,050 $62,700 $67,350
80% AMI (Low) $65,050 $74,350 $83,650 $92,900 $100,350 $107,800

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$22,404/yr
FMR as % of Area Median Income
19.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$74,680/yr
$6,223/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 $1,015 $1,161 $1,306 $1,567 $1,683
60% AMI Maximum $1,219 $1,393 $1,567 $1,880 $2,020

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 $1,251 $1,374 $1,676 $1,886 $1,886
Low HOME Rent $1,016 $1,161 $1,306 $1,451 $1,567

Compare New Haven-Meriden, 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

Counties in This FMR Area

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