Location: Orange County, VT | Metro: Caledonia County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 05069, Vermont, presents a dynamic environment that can be analyzed through the lens of current figures. The Fair Market Rent (FMR) for the area is set at $1,200 for fiscal year 2026, indicating a significant gap between what is considered fair market value and the actual market rent, which stands at $862 according to the Census American Community Survey (ACS).
This disparity suggests that the current market rent is below the FMR, potentially signaling a situation where demand is being met or even exceeded by supply. However, the lack of specific data on price-cut share and days on market (DOM) prevents a definitive conclusion on whether supply outpaces demand or vice versa.
The median home value in the area is $262,068, providing insight into the overall cost of homeownership compared to rental rates. This figure can help investors understand the balance between owning and renting properties, particularly in relation to the affordability for potential renters.
A key metric to consider is the 6.9% renter share. While this percentage might seem low, it reflects the long-term housing pressure that could exist in the area. In markets with a lower renter share, there's often a greater emphasis on homeownership, which can lead to less rental property turnover and potentially more stable long-term tenancy. However, it also implies that a relatively small portion of the population is seeking rental properties, which could indicate a saturated rental market or a preference for homeownership over renting.
The dynamics of this market suggest a cautious approach for both landlords and small-portfolio investors. With rental rates currently below the FMR, there's an opportunity for landlords to increase their rents closer to the fair market rate without necessarily losing tenants, assuming the local economy supports such increases. For investors, the lower median home value might present opportunities for investment in both rental and owner-occupied properties, depending on the goals and risk tolerance of the investor.
In summary, the ZIP 05069 market is characterized by a substantial difference between FMR and actual market rent, a moderate median home value, and a relatively low renter share. These factors combine to create a market where the balance between supply and demand is not immediately clear but offers insights into the current state and potential strategies for those involved in real estate activities.
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.