Location: Windsor County, VT | Metro: Orange County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,220 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
U.S. Census Bureau data (2024)
ZIP code 05070 is located in a quiet, affluent neighborhood in Vermont. With a total population of 510 residents, it stands out as a community where homeownership is the norm, with only 23.0% of the residents being renters. The median household income here is notably high at $125,938, reflecting a well-to-do demographic. The median home value in this area is also impressive, sitting at $417,289, which underscores the overall wealth and property value in the region.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,460. However, the actual market rent, according to the Census ACS data, is slightly lower at $1,385. This indicates that while there is a demand for rentals, the prices are somewhat below the government's benchmark for affordability, suggesting a balanced but slightly competitive rental market.
For a Section 8 investor considering ZIP 05070, the decision should hinge on whether they are looking for a hands-off operation or a hands-on approach to value addition. Given the high median income and home values, the area is likely to attract tenants who are financially stable and willing to pay a premium for quality living spaces. For a hands-off operator, the relatively low percentage of renters might pose a challenge in finding enough tenants to fill properties, but the area's desirability could mitigate this issue. On the other hand, a hands-on investor could find opportunities to renovate and improve properties to command higher rents, aligning closer to the FMR, thereby attracting both voucher holders and non-voucher tenants.
In conclusion, ZIP 05070 offers a unique blend of high-end living and a niche rental market. It is suitable for investors who can manage a smaller number of rental units effectively, either through strategic management or by adding value through improvements. The affluent nature of the neighborhood suggests a steady demand for well-maintained and upgraded homes, making it an attractive investment for those willing to engage actively in property management and enhancement.
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.