Location: Orange County, VT | Metro: Orange County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,350 |
| 5 Bedrooms | $2,726 |
| 6 Bedrooms | $3,053 |
| 7 Bedrooms | $3,297 |
| 8 Bedrooms | $3,462 |
U.S. Census Bureau data (2024)
7.9% of residents in ZIP 05036 (VT) are renters, indicating a moderate demand for rental properties. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,420, which is the maximum amount landlords can charge for Section 8 housing vouchers. This figure is crucial for setting rental prices within the guidelines. The median home value in the area is $387,640, suggesting that property values are relatively high compared to the national average. Landlords should note that the median income of $109,612 could impact the ability of potential tenants to afford higher rents outside of subsidized programs.
The lack of data on market rent and days on market (DOM) indicates either an underdeveloped rental market or insufficient reporting, which could be a red flag for investors looking for comprehensive market insights. Similarly, the absence of information on the percentage of price-cut share suggests that there might not be significant price adjustments occurring in the rental market, but this could also mean that the data is unreliable or unavailable. These gaps in data make it challenging to assess the overall health of the rental market in ZIP 05036.
In conclusion, while the high median home value and the established FMR provide some clarity, the missing market-specific data points such as market rent, DOM, and price-cut share percentages limit a full analysis. For landlords and small-portfolio investors, participating in the Section 8 program could offer a stable source of income given the set FMR of $1,420, but they must be cautious about relying solely on this data for broader investment decisions.
Verdict: Section 8 participation is viable at the set FMR of $1,420, but broader market analysis is needed before making significant investment decisions.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.