Location: Caledonia County, VT | Metro: Caledonia County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
In ZIP code 05042, Vermont, there are several risks associated with becoming a Section 8 landlord. Tenant turnover is a significant concern, as the market rent stands at $1,222 compared to the Federal Market Rent (FMR) of $1,110 for fiscal year 2026 in the metro area. This discrepancy suggests that tenants may be less inclined to stay long-term if they can find better deals elsewhere.
Vacancy exposure is another issue, given the lack of available data on the days on market (DOM). This uncertainty makes it difficult to predict how quickly a property might fill up, which could lead to periods of non-rental income.
The deferred-maintenance exposure is also notable. With a typical home value of $328,693 and a median income of $96,250, homeowners in this area may struggle to keep up with maintenance costs. This could translate into higher repair and renovation expenses for landlords, especially when dealing with properties that have been neglected over time.
However, these risks must be weighed against the high renter share in the area, which is 10.1%. High renter density generally indicates a robust demand for rental housing, including those who rely on Section 8 vouchers. The presence of many renters often correlates with a greater number of individuals seeking subsidized housing options, potentially leading to quicker lease-ups and reduced vacancy periods.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.