Location: Windsor County, VT | Metro: Windsor County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 05088, Vermont, are straightforward. For a two-bedroom rental unit, the SAFMR (Small Area Fair Market Rent) for fiscal year 2026 is set at $1,830. This figure is specifically tailored for this ZIP code, reflecting the unique housing market conditions here.
While the local market rent for a two-bedroom apartment is not available, the SAFMR serves as the benchmark for determining the maximum amount a landlord can charge for a Section 8 rental. The actual payment a landlord receives depends on the tenant's contribution and any utility allowances.
Tenants participating in the Section 8 program are typically required to pay 30% of their adjusted income towards rent. If a tenant's adjusted income is $1,500 per month, they would contribute $450 toward the rent ($1,500 * 0.30 = $450). The remaining balance is covered by the housing authority up to the SAFMR limit. In this case, the housing authority would pay $1,380 ($1,830 - $450).
In addition to the base rent, there may be utility allowances. These vary but generally cover electricity, gas, water, and sewer costs. For ZIP 05088, let's assume an average utility allowance of $200 per month. This means the total reimbursement a landlord might receive could be $1,580 ($1,380 + $200).
To summarize, if the SAFMR is $1,830 and the tenant contributes $450, the housing authority would cover $1,380 of the rent. Adding a utility allowance of $200 brings the total reimbursement to $1,580. Therefore, the typical reimbursement gap for a landlord renting out a two-bedroom apartment in ZIP 05088 would be $250 ($1,830 - $1,580).
This gap must be considered when deciding whether to participate in the Section 8 program. Landlords should weigh the benefits of guaranteed payments against the potential loss of income compared to the market rent. It's also important to note that the SAFMR can change annually based on local housing market conditions.
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.