Section 8 Fair Market Rent (FMR) for ZIP 05340 - 2027

Location: Bennington County, VT | Metro: Bennington County, VT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,280
1 Bedroom	$1,420
2 Bedrooms	$1,650
3 Bedrooms	$2,150
4 Bedrooms	$2,650
5 Bedrooms	$3,074
6 Bedrooms	$3,443
7 Bedrooms	$3,718
8 Bedrooms	$3,904

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

745

Median Household Income

$96,083

Housing Units

1,609

Renter Percentage

18.5%

Occupancy Rate

17.1%

Renter Occupied

The ZIP code 05340, located in Waterbury, Connecticut, is a vibrant residential area that offers both homeowners and renters a blend of urban convenience and suburban tranquility. The region is characterized by a mix of older homes and newer developments, making it attractive to a diverse demographic.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,320, providing a benchmark for rental pricing.
The average market rent for a one-bedroom apartment, based on Census American Community Survey (ACS) data, stands at $1,031.
The median home value in ZIP 05340 is $667,075, reflecting the area's stable housing market.
Renters make up 18.5% of the total population, indicating a significant portion of the market is interested in leasing properties.
The median household income in the area is $96,083, suggesting that residents have the financial capacity to meet higher rental costs.
The days on market (DOM) for properties in this area is not available, which could imply either a very quick or a slower moving market depending on the context.

Investors considering real estate opportunities in ZIP 05340 should focus on rental properties, given the substantial renter share and the alignment between market rents and the Fair Market Rent. With median incomes exceeding $96,083, there is a solid financial base supporting rental demand. However, the lack of data on days on market indicates a need for further investigation into local sales trends before committing to purchases. Overall, the area presents a balanced opportunity for both buying and renting, with potential for steady returns on investment.

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.