Location: Orange County, VT | Metro: Orange County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
ZIP code 05058 is located in a serene, rural part of Vermont, known for its picturesque landscapes and tight-knit communities. With a population of just 128 residents, it's clear that this area is not densely populated, offering a tranquil environment for those seeking a quiet lifestyle away from the hustle and bustle of urban centers.
The rental market in this ZIP code is relatively small, with only 13.3% of the population being renters. This indicates that homeownership is prevalent, suggesting a community where long-term residents often own their homes rather than renting them. The median household income stands at $76,758, which is above the national average, implying that the local economy supports a comfortable standard of living for its residents. The median home value in the area is $355,244, reflecting the high cost of homeownership and the desirability of the location.
Moving into the specifics of rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,740. However, there is no available data on the current market rent for ZIP 05058, which could be due to the limited rental activity in such a sparsely populated area. Given the lack of market rent data, it's challenging to determine how the FMR compares to actual rental prices, but it provides a benchmark for what might be expected in the rental market.
Considering these factors, ZIP 05058 would likely appeal more to a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters and the limited number of rental properties suggest that opportunities for active property management and significant value addition are few. Instead, for those looking to operate in this ZIP code, focusing on maintaining properties that can serve as stable housing options for Section 8 participants would be more practical. This approach aligns with the nature of the community and the existing demand for rental units, making it a viable strategy for landlords and small-portfolio investors interested in this area.
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.