Location: Windham County, VT | Metro: Windham County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,600 |
| 5 Bedrooms | $3,016 |
| 6 Bedrooms | $3,378 |
| 7 Bedrooms | $3,648 |
| 8 Bedrooms | $3,830 |
U.S. Census Bureau data (2024)
The ZIP code 05353, located in Vermont, not Washington (WA), is primarily a homeowner-dominated area rather than a renter-heavy zone. With only 17.7% of the population renting, there is limited demand for housing vouchers under the Section 8 program. The total population of 1,327 suggests that the number of potential Section 8 tenants would be relatively small, which could make it challenging to fill rental properties exclusively with voucher holders.
The median household income in ZIP 05353 is $94,917, indicating a higher economic status compared to many areas. This income level is significant when considering the typical market rent of $1,056. Rent constitutes approximately 13.2% of the median income, which is a reasonable percentage and suggests that most residents can afford rent without assistance. However, this also implies that those who do qualify for Section 8 vouchers might find the subsidy less substantial relative to their income needs.
Comparing the market rent to the Fair Market Rent (FMR) of $1,630 for FY 2026, it's evident that the actual rents in ZIP 05353 are below the FMR, which is set by HUD to reflect the 40th percentile of local rents. This gap means that landlords might have some flexibility in setting rents above the market average but still within the FMR limits, catering to both regular and voucher-assisted tenants.
A landlord in ZIP 05353 should expect a mix of tenants, with a smaller portion relying on Section 8 vouchers. These tenants will likely be individuals or families with lower incomes seeking affordable housing options. Given the relatively low percentage of renters and the higher median income, landlords may find it advantageous to diversify their tenant pool, including non-voucher tenants who can pay market rates. This strategy ensures a more stable and varied income stream while taking advantage of the available Section 8 program benefits.
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.