Location: Addison County, VT | Metro: Addison County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,790 |
| 5 Bedrooms | $3,236 |
| 6 Bedrooms | $3,624 |
| 7 Bedrooms | $3,914 |
| 8 Bedrooms | $4,110 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 05443, located in Addison County, Vermont, reveals several key points that are crucial for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,460. In comparison, the market rent based on Census ACS data stands at $1,257. This indicates that the FMR is higher than the current market rent, suggesting that landlords can potentially charge above-market rates if they manage to secure Section 8 tenants. However, it also implies that the difference between the two figures could be a point of negotiation, requiring landlords to ensure their rental properties meet the quality standards expected for the higher FMR rate.
Moving on to the affordability of acquisitions, the median home value in ZIP 05443 is $418,625. Unfortunately, the data regarding the average number of days on market (DOM) and the percentage of homes that required a price reduction before selling is not available. Despite these missing metrics, the median home value provides a solid benchmark for potential investment costs. Landlords should consider this figure alongside their projected rental income and expenses to determine if acquiring property in this area aligns with their financial goals.
The third question concerns tenant demand. With a total population of 6,549 and a 20.6% renter share, there is a notable but not overwhelming demand for rental housing. This means that while there are enough potential tenants to fill a significant portion of rental units, landlords might face competition for Section 8 vouchers. It's important to assess the local economy and job market to understand the stability of the tenant pool.
In conclusion, ZIP 05443 offers a viable opportunity for real estate investment with a favorable gap between the FMR and market rent, indicating potential for above-average rental income. The median home value of $418,625 sets a clear expectation for acquisition costs, and while specific data on DOM and price cuts is unavailable, the overall picture suggests a stable but competitive market. The presence of a 20.6% renter share ensures a steady demand for rental properties, making it a promising location for landlords willing to meet the requirements for Section 8 tenancy. However, careful consideration of the local economic conditions and the ability to attract and retain Section 8 tenants will be critical for success in this market.
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.