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Housing market/Connecticut/ZIP 06840

ACS 2023 · FY2027 SAFMR

ZIP 06840 New Canaan, Connecticut

Bridgeport-Stamford-Danbury, CT MSA · Connecticut. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
20,704
Households
7,021
Median HH income
$250,001
Renter share
16.4%
Median gross rent
$3,501
Vacancy
8.4%
Pop. change
+2.1%
2BR SAFMR
$3,600
SAFMR / rent
1.028×
2–49 unit stock
1,248
LIHTC proj / units
4 / 113
HUD assisted MF
4 / 124

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 06840 · CT — sent to you.

ZIP 06840 · CT

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ACS rent vs 2BR SAFMR

ZIP 06840 — New Canaan, CT HUD Section 8 Payment Standards / SAFMR →
ACS median rent$3,501
2BR SAFMR$3,600
90% floor$3,240
110% ceiling$3,960

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 06840

  • 1-unit detached5,58872.9%
  • 1-unit attached79010.3%
  • 2–4 units6027.9%
  • 5–49 units6468.4%
  • 50+ units420.5%
TypeUnitsShare
1-unit detached5,58872.9%
1-unit attached79010.3%
2 units (duplex)3604.7%
3–4 units2423.2%
5–9 units1782.3%
10–19 units2443.2%
20–49 units2242.9%
50+ units420.5%
Mobile00.0%

2–4 unit share 7.9% · 5–49 unit share 8.4% · combined 2–49 16.3%.

Units by bedrooms

Studio
73
1BR
263
2BR
767
3BR
1,851
4BR
2,487
5+
2,227

Rent burden

Rent ≥30% of income45.3%
Rent ≥50% of income21.2%
  • ACS median gross rent $3,501 (all bedrooms, occupied rentals).
  • Median contract rent $3,409.
  • Renters paying ≥30% of income 45.3%; ≥50% 21.2%.
  • FY2027 2BR SAFMR $3,600 (1.028× ACS median gross rent).

Population

20,704 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 113 units.
  • HUD project-based assisted MF: 4 properties, 124 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

What the data shows

ZIP 06840 16.4% of occupied households are renters; vacancy is 8.4%; ACS median gross rent is $3,501; population increased +2.1% between the 2018 and 2023 ACS vintages; the housing stock includes 602 units in 2–4-unit structures and 646 units in 5–49-unit structures; 4 LIHTC projects totaling 113 units; FY2027 2BR SAFMR is $3,600 versus ACS median gross rent of $3,501. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Connecticut research

ZIP 06840 is a Census / HUD profile for Bridgeport-Stamford-Danbury, CT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 06840 — New Canaan, CT HUD Section 8 Payment Standards / SAFMR·Connecticut ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
06404Bridgeport-Stamford-Danbury, CT MSA——$2,69006440Bridgeport-Stamford-Danbury, CT MSA——$2,69006470Bridgeport-Stamford-Danbury, CT MSA12.5%$2,000$2,46006482Bridgeport-Stamford-Danbury, CT MSA7.0%$1,871$2,32006491Bridgeport-Stamford-Danbury, CT MSA——$2,29006601Bridgeport-Stamford-Danbury, CT MSA——$2,29006602Bridgeport-Stamford-Danbury, CT MSA——$2,29006604Bridgeport-Stamford-Danbury, CT MSA64.9%$1,419$2,26006605Bridgeport-Stamford-Danbury, CT MSA70.0%$1,423$2,26006606Bridgeport-Stamford-Danbury, CT MSA42.2%$1,434$2,26006607Bridgeport-Stamford-Danbury, CT MSA58.5%$1,398$2,26006608Bridgeport-Stamford-Danbury, CT MSA74.1%$1,311$2,260

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Connecticut research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 06840?

ZIP 06840 (Bridgeport-Stamford-Danbury, CT MSA) has 20,704 residents, 7,021 households, a renter share of 16.4%, median household income of $250,001, and ACS 2023 median gross rent of $3,501. Vacancy is 8.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 06840?

ACS counts 360 units in 2-unit buildings, 242 in 3–4 unit buildings, 178 in 5–9, 244 in 10–19, and 224 in 20–49. Combined 2–49 unit stock is 1,248 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 06840?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,600. See the full schedule and 90–110% payment-standard band on the ZIP 06840 — New Canaan, CT HUD Section 8 Payment Standards / SAFMR.

Does this Connecticut ZIP profile include Georgia listings?

No. ZIP 06840 is Census / HUD research for Bridgeport-Stamford-Danbury, CT MSA. Jeff Crowe CRE does not list Connecticut property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.