Location: Rutland County, VT | Metro: Bennington County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
U.S. Census Bureau data (2024)
The ZIP code 05253 represents a suburban area characterized by a relatively small population of 516 residents. The demographic makeup shows that only 17.9% of the inhabitants are renters, indicating a predominantly owner-occupied community. The median household income stands at $92,159, reflecting a middle-class neighborhood with a solid economic foundation. Median home values in this area are notably high at $491,564, suggesting a stable housing market with properties that are well-maintained and valued.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 05253 as of the fiscal year 2026 is set at $1,140. This figure is notably lower than the average market rent, which according to the Census ACS, is $1,330 per month. This discrepancy highlights an opportunity for landlords who can offer quality rentals at or near the FMR rate, potentially attracting tenants eligible for Section 8 vouchers.
The question then arises: Is ZIP 05253 suitable for a hands-off voucher operator or does it require a hands-on value-add buyer? Given the low percentage of renters and the significant difference between FMR and market rents, it suggests a scenario where a landlord might benefit from a more active role in property management and improvement. A hands-on approach could be necessary to attract and retain tenants, especially those seeking affordable housing options. The higher median income and home values indicate a market where tenants might be willing to pay more for better amenities and maintenance, making a value-add strategy potentially lucrative.
In conclusion, ZIP 05253 offers a niche for landlords and small-portfolio investors looking to operate in a stable, middle-income suburban setting. However, the success of a Section 8 investment here would likely depend on an engaged management style, focusing on maintaining competitive rental offerings and enhancing property value to cater to both voucher holders and those willing to pay above the FMR.
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.