Location: Windsor County, VT | Metro: Windsor County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
The ZIP code 05150, located in Vermont, presents an interesting scenario for both renters and landlords. The median income for households in this area stands at $68,108, which provides a baseline for understanding the financial capabilities of potential tenants.
However, the market rate for rental properties in this ZIP code is currently unavailable, making it challenging to directly assess the affordability for renters based on this metric alone. Instead, we can turn to the voucher payment standard to gain insight into rental costs. For fiscal year 2026, the Fair Market Rent (FMR) for the metro area is set at $1,220, which represents the maximum amount that a housing voucher will cover for a rental unit.
Given that only 9.9% of the 418 residents are renters, the competition among landlords is relatively low. This means that landlords have a smaller pool of tenants to attract, but also fewer competitors to worry about when setting their rental rates. The affordability gap between the median income and the FMR highlights a key consideration for landlords. A household earning the median income would likely find a rental cost of $1,220 per month manageable, assuming no other significant financial burdens.
Landlords considering their strategy should take note of the following: the FMR of $1,220 offers a stable and predictable source of income through voucher holders, though it caps the rent at this level. For those looking to maximize income without relying on vouchers, they must ensure that their rental rates remain competitive and within the reach of the average household income. Given the limited number of renters, landlords who offer affordable and attractive living spaces are more likely to secure tenants.
The takeaway for landlords is clear: while there is less competition, pricing above the FMR could limit your tenant pool significantly. Offering units that cater to both voucher holders and cash-paying tenants, with rents around the $1,220 mark, ensures a steady stream of income and a higher likelihood of occupancy. This balanced approach can help landlords navigate the unique dynamics of ZIP 05150 effectively.
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.