Section 8 Fair Market Rent (FMR) for ZIP 05079 - 2027

Location: Orange County, VT | Metro: Orange County, VT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,020
1 Bedroom	$1,270
2 Bedrooms	$1,460
3 Bedrooms	$1,860
4 Bedrooms	$1,980
5 Bedrooms	$2,297
6 Bedrooms	$2,573
7 Bedrooms	$2,779
8 Bedrooms	$2,918

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

914

Median Household Income

$72,022

Housing Units

467

Renter Percentage

17.9%

Occupancy Rate

85.0%

Renter Occupied

ZIP code 05079, located in Vermont, is a suburban area characterized by its natural beauty and quiet living environment, making it attractive to both families and retirees. The local economy is stable, supported by a mix of industries including healthcare, education, and retail.

The Fair Market Rent (FMR) for ZIP 05079 is set at $1,230 per month for fiscal year 2026, indicating the rental market's potential to grow towards this benchmark.
The current market rent, based on recent Census American Community Survey (ACS) data, stands at $1,125 per month, suggesting that properties can currently be rented below the FMR, offering room for price increases.
The median home value in the area is $314,796, reflecting a moderate property investment landscape that balances affordability with quality.
Renters make up 17.9% of the housing market, which is a relatively low percentage but still significant enough to support a niche rental market.
The median household income in ZIP 05079 is $72,022, providing a solid economic foundation for the area, enabling residents to afford higher rents and property values.

Investors looking to enter the ZIP 05079 market should focus on properties that can be priced competitively yet have the potential to approach or exceed the FMR. Given the current market rent and the stable median income, there is a strong likelihood of achieving steady rental yields. However, with a lower-than-average renter share, landlords must consider the appeal of their properties to attract tenants. Overall, the market presents a balanced opportunity for both long-term appreciation and rental income, suitable for those who can manage properties effectively and are willing to invest in improving their attractiveness to renters.

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.