Section 8 Fair Market Rent (FMR) for ZIP 05448 - 2027

Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,350
1 Bedroom	$1,490
2 Bedrooms	$1,930
3 Bedrooms	$2,480
4 Bedrooms	$2,550
5 Bedrooms	$2,958
6 Bedrooms	$3,313
7 Bedrooms	$3,578
8 Bedrooms	$3,757

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,010

Median Household Income

$82,500

Housing Units

441

Renter Percentage

9.9%

Occupancy Rate

91.6%

Renter Occupied

The classification of ZIP code 05448 in West Virginia on the axes of yield and stability reveals a mixed picture. For yield, we can look at the Federal Market Rent (FMR) of $1,500 compared to the market rent of $1,243. This indicates that properties in this area could potentially generate higher rental income through Section 8 subsidies. However, the median home value of $386,099 suggests a relatively high investment cost.

On the stability axis, the figures are less promising. Only 9.9% of residents are renters, which implies a smaller pool of potential tenants. The median household income of $82,500 is adequate but does not provide strong assurance of consistent rent payments. Additionally, the lack of data on days on market (DOM) makes it difficult to assess how quickly properties might be rented out.

To determine whether this is a high-yield/low-stability flip-style market, a steady-cashflow zone, or something in between, let's break down the key metrics:

Yield: With an FMR of $1,500 and a market rent of $1,243, the subsidy adds $257 to the monthly rent. This represents a significant boost to rental income, making the yield above average.
Stability: The low percentage of renters (9.9%) and the absence of DOM data suggest instability in the rental market. A steady-cashflow zone would typically have a higher percentage of renters and a shorter DOM to ensure continuous income flow.

Given these figures, ZIP 05448 leans towards being a high-yield/low-stability market. While the rental income is bolstered by Section 8 subsidies, the small number of renters and uncertain rental turnover rates indicate risks to long-term cash flow stability. Therefore, this market is suitable for those who can handle some volatility in their investment portfolio and are willing to capitalize on the higher yields offered by Section 8 subsidies.

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.