Location: Windham County, VT | Metro: Windham County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,460 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,960 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,960 |
| 5 Bedrooms | $3,434 |
| 6 Bedrooms | $3,846 |
| 7 Bedrooms | $4,154 |
| 8 Bedrooms | $4,362 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05355 in Vermont for fiscal year 2026 is set at $1,610. This figure represents the payment standard for Section 8 housing vouchers, which is the amount that the government will pay to landlords on behalf of eligible tenants. It's important to note that this is not the rent you should charge your tenants; it's the maximum amount the government will contribute towards their rent.
In comparison, the average monthly rent for the area, based on Census ACS data, is $1,583. This suggests that the FMR is slightly above the local average, providing a reasonable margin for landlords participating in the program.
Considering the local renter population, approximately 2.5% of the total residents are renters, indicating a steady but not overwhelming demand for rental properties. This percentage translates to around 366 renters in the ZIP code, ensuring a consistent pool of potential tenants.
When evaluating the acquisition cost of a property in ZIP 05355, a common benchmark is the median home value. The median home value in this area is approximately $366,537. For a landlord or small-portfolio investor looking to enter the Section 8 market, this figure can serve as a starting point for budgeting and financial planning.
Before making a decision to participate in Section 8 with your first rental property, it's crucial to verify that the property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. A thorough inspection and any necessary repairs to meet these standards will be required before you can accept a tenant with a Section 8 voucher.
Participating in Section 8 can provide a stable income stream for landlords, given the government's commitment to covering a significant portion of the rent. However, it also requires adherence to specific regulations and standards to maintain eligibility. With an FMR of $1,610, a median home value of $366,537, and a local renter population of 366, the opportunity in ZIP 05355 is worth exploring for those willing to meet the requirements.
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.