Location: Orange County, VT | Metro: Orange County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
The ZIP code 05074, located in Vermont, presents an interesting scenario for both renters and landlords. The median income data is currently unavailable, which makes it challenging to assess the overall financial health of the typical household in this area. However, the market rate rent is also listed as N/A, indicating a lack of comprehensive data on rental costs.
Despite these gaps in information, we do have insight into the Housing Choice Voucher program's Fair Market Rent (FMR) standard for the metro area in fiscal year 2026, which stands at $1,360. This figure serves as a benchmark for what the government deems affordable for low-income households. If the market rate were to be similar to or lower than this amount, it would suggest that renting could be manageable for many residents, assuming they qualify for such assistance.
The percentage of renters and the total population in ZIP 05074 are also marked as N/A, highlighting the need for more detailed local data to fully understand the housing dynamics. Without this information, it's difficult to quantify the exact affordability gap between market rates and what residents might be able to pay on their own versus with assistance.
For landlords, the unknowns surrounding median income and market rate rents in ZIP 05074 underscore the importance of considering both voucher and cash-paying tenants. Given the FMR standard of $1,360, voucher recipients represent a stable tenant base with guaranteed payments, though landlords must navigate the administrative requirements of the program. Cash-paying tenants, while potentially offering higher rents, introduce uncertainty regarding payment reliability and the ability to secure housing without government assistance.
The takeaway for landlords: Diversifying your tenant mix to include both voucher and cash-paying tenants can provide a balance between stability and potential for higher rental income. Relying solely on voucher programs ensures consistent, government-backed payments but caps the maximum rent you can charge. Conversely, focusing on cash-paying tenants allows for flexibility in pricing but requires thorough screening to mitigate risks associated with non-payment. In ZIP 05074, where key data points are missing, landlords should lean on local real estate networks and community resources to make informed decisions about their rental strategies.
Data Sources: FMR data from HUD (2027).
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.