Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,660 |
| 1 Bedroom | $1,840 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $2,930 |
| 4 Bedrooms | $3,050 |
| 5 Bedrooms | $3,538 |
| 6 Bedrooms | $3,963 |
| 7 Bedrooms | $4,280 |
| 8 Bedrooms | $4,494 |
U.S. Census Bureau data (2024)
The ZIP code 05404, located within the Burlington-South Burlington, VT MSA, presents a unique snapshot when compared against typical ZIP codes within this metro area. With a Fair Market Rent (FMR) of $2,020 for FY 2024, it aligns closely with the average market rent of $2,186. This indicates that rental properties in 05404 are priced near the median range for the entire MSA.
The median home value in ZIP 05404 stands at $425,753, which is slightly above the average home value for the Burlington-South Burlington, VT MSA. This suggests that homeownership in this ZIP code is relatively more expensive than the broader metro area, potentially indicating a higher-end residential market.
A significant feature of ZIP 05404 is its renter share of 64.8%, which is notably higher than the typical ZIP code within the MSA. High renter shares often correlate with areas where tenants are more likely to rely on government assistance such as Section 8 vouchers, making it an attractive location for landlords seeking stable long-term tenancy through subsidized housing programs.
Given the slightly elevated home values but close-to-average market rents, combined with a high renter share, ZIP 05404 can be classified as a mid-tier neighborhood within the Burlington-South Burlington, VT MSA. It offers a balance between the affordability of rentals and the costliness of homeownership, positioning it as neither a value pocket nor a premium sub-market.
However, the high renter share diverges from the overall trend, suggesting a potential sweet spot for Section 8 investments. Landlords and small-portfolio investors should consider this ZIP code for its promising mix of market conditions, particularly if they are interested in leveraging Section 8 vouchers for their rental properties.
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.