Location: Windham County, VT | Metro: Windham County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $1,870 |
| 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)
35.4% of residents in ZIP 05101 are renters, indicating a significant demand for rental properties in the area. The market rent stands at $1,036 according to Census ACS data, which is notably lower than the Fair Market Rent (FMR) of $1,410 set for metro areas in fiscal year 2026. This discrepancy suggests that landlords could potentially increase rents without alienating tenants, given the current market conditions. However, it's important to consider the median income of $70,299 when setting rental prices, as affordability becomes a critical factor for prospective tenants.
The median home value in ZIP 05101 is $252,643, reflecting the overall cost of housing in the area. For small-portfolio investors looking to capitalize on the rental market, this figure provides insight into the investment potential and property values. While the data does not specify the exact days on market (DOM), the absence of a high percentage of price-cut shares indicates that homes in this area sell relatively quickly once listed, suggesting strong interest and demand among buyers.
Investors should also be aware of the Fair Market Rent (FMR) for the area, which is set at $1,410 for fiscal year 2026. This figure is crucial for those interested in participating in the Section 8 Housing Choice Voucher program, as it dictates the maximum allowable rent for subsidized units. Given the market rent of $1,036 and the FMR of $1,410, there is room for landlords to participate in the Section 8 program while still achieving a reasonable profit margin.
To conclude, ZIP 05101 presents a favorable environment for landlords and small-portfolio investors, with a substantial renter base and median home values that indicate good investment opportunities. The gap between market rent and FMR offers flexibility for those considering the Section 8 program. The median income supports moderate rental increases, ensuring affordability for tenants. Therefore, participation in the Section 8 program can be a viable strategy for securing steady, government-backed rental income in this market.
Verdict: ZIP 05101 is a suitable location for Section 8 investments, with strong rental demand and reasonable profit margins.
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.