Rent in 06420 (Salem, CT)
In ZIP 06420 (Salem, CT), a 2-bedroom typically rents for $1,902–$1,970 a month, 4% above the Southeastern Connecticut Planning Region Fair Market Rent of $1,902. Other sizes: studio $1,324–$1,370, 1 bed $1,518–$1,570, 3 beds $2,418–$2,500, 4 beds $2,995–$3,100. Owner-occupied homes in Southeastern Connecticut Planning Region pay about 1.62% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $1,324–$1,370 | $1,370 | $1,3243% above |
| 1 bed | $1,518–$1,570 | $1,570 | $1,5183% above |
| 2 beds | $1,902–$1,970 | $1,970 | $1,9024% above |
| 3 beds | $2,418–$2,500 | $2,500 | $2,4183% above |
| 4 beds | $2,995–$3,100 | $3,100 | $2,9954% above |
- Studio: HUD Small Area Fair Market Rent $1,370 (Oct 1, 2026); HUD Fair Market Rent (county) $1,324 (Oct 1, 2026)
- 1 bed: HUD Small Area Fair Market Rent $1,570 (Oct 1, 2026); HUD Fair Market Rent (county) $1,518 (Oct 1, 2026)
- 2 beds: HUD Small Area Fair Market Rent $1,970 (Oct 1, 2026); HUD Fair Market Rent (county) $1,902 (Oct 1, 2026)
- 3 beds: HUD Small Area Fair Market Rent $2,500 (Oct 1, 2026); HUD Fair Market Rent (county) $2,418 (Oct 1, 2026)
- 4 beds: HUD Small Area Fair Market Rent $3,100 (Oct 1, 2026); HUD Fair Market Rent (county) $2,995 (Oct 1, 2026)
Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).
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Frequently asked questions
- What is the rent for a 2-bedroom in 06420?
- Typically $1,902–$1,970 a month, with a best guess of $1,970. That is 4% above the Southeastern Connecticut Planning Region Fair Market Rent ($1,902).
- What is the rent for a 1-bedroom in 06420?
- Typically $1,518–$1,570 a month, with a best guess of $1,570. That is 3% above the Southeastern Connecticut Planning Region Fair Market Rent ($1,518).
- What is the rent for a 3-bedroom in 06420?
- Typically $2,418–$2,500 a month, with a best guess of $2,500. That is 3% above the Southeastern Connecticut Planning Region Fair Market Rent ($2,418).
- What is the rent for a studio in 06420?
- Typically $1,324–$1,370 a month, with a best guess of $1,370. That is 3% above the Southeastern Connecticut Planning Region Fair Market Rent ($1,324).
- What is the rent for a 4-bedroom in 06420?
- Typically $2,995–$3,100 a month, with a best guess of $3,100. That is 4% above the Southeastern Connecticut Planning Region Fair Market Rent ($2,995).
- What is the property tax rate in ZIP 06420?
- Owner-occupied homes in Southeastern Connecticut Planning Region pay a typical 1.62% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do the 06420 rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).