Location: Windham County, VT | Metro: Bennington County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,840 |
| 5 Bedrooms | $3,294 |
| 6 Bedrooms | $3,689 |
| 7 Bedrooms | $3,984 |
| 8 Bedrooms | $4,183 |
U.S. Census Bureau data (2024)
The ZIP code 05350, located in Vermont, is characterized by a moderate rental presence with 22.9% of its population being renters. This suggests that while there is a notable number of tenants, it is not overwhelmingly dominated by renters compared to homeowners. The median household income in this area stands at $55,313, which provides context for the affordability of housing.
The market rent for the area is $724 per month. To put this into perspective, the typical rent consumes approximately 16.4% of the local median income when calculated monthly. This percentage is derived from dividing the annual median income by 12 and then calculating the ratio of the monthly rent to this figure. This indicates that the rent is relatively affordable for the majority of residents.
Comparatively, the Fair Market Rent (FMR) for the metro area, as determined by HUD for FY 2026, is set at $1,440. This is significantly higher than the current market rent of $724, suggesting that the actual rents in ZIP 05350 are below the threshold that would be covered by Section 8 vouchers. The lower market rent could mean that landlords in this area might see a smaller pool of potential Section 8 tenants due to the disparity between market rates and the voucher coverage limit.
In terms of voucher availability, the demand in ZIP 05350 is likely to be moderate rather than deep. Landlords should anticipate a mix of tenants, including those who might seek assistance through Section 8 vouchers, but also many who can afford the market rent without additional support. Given the income levels and market rent, tenants who are eligible for Section 8 vouchers will find the current market rent to be well within their budget, as it is less than half of the FMR. However, the overall number of such tenants may be limited by the relatively low proportion of renters in the area.
The expected tenant profile for landlords in ZIP 05350 includes individuals and families with a range of income levels, some of whom may qualify for Section 8 assistance. These tenants are likely to be looking for affordable housing options that do not stretch their budgets too thin. Landlords should prepare for a competitive market where properties priced around the $724 mark may attract a variety of prospective tenants, both with and without vouchers, seeking stable and affordable living arrangements.
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.