Location: Windsor County, VT | Metro: Windsor County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,430 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,210 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05056 in Vermont for the metro fiscal year 2026 is set at $1,430. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 program. It's important to note that this is not the amount you will charge your tenants as rent; it's the maximum amount HUD will pay on behalf of eligible tenants.
In comparison, the average rent in ZIP 05056, according to Census ACS data, is $1,361. This suggests that the FMR is slightly higher than the market rate, which could be beneficial for landlords participating in the Section 8 program, as they can potentially receive a higher reimbursement from HUD than the typical local rent.
About 27.0% of households in this area are renters, indicating a moderate demand for rental properties. While this percentage isn't exceptionally high, it does suggest that there is a reasonable pool of potential tenants who might be interested in Section 8 housing. The median home value in ZIP 05056 is approximately $481,906, which gives you an idea of the acquisition cost for properties in this region. This high median home value implies that property investments in this area can be quite expensive, so understanding the financial benefits and risks associated with Section 8 is crucial.
Before committing to a Section 8 rental, you should verify that the property meets HUD's quality standards, known as Housing Quality Standards (HQS). These standards ensure that the property is safe and habitable for tenants. Failure to meet these criteria can result in penalties or disqualification from the program. Ensuring compliance with HQS is essential to avoid any legal issues and to maintain a positive relationship with your tenants and the housing authority.
To summarize, the FMR of $1,430 is the benchmark for Section 8 payments, slightly above the local average rent of $1,361. With a 27.0% renter share and a median home value of $481,906, there is a viable market for Section 8 rentals, but careful consideration of property standards is necessary. Verifying HQS compliance is the key step before proceeding with a Section 8 rental in ZIP 05056.
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.