Section 8 Fair Market Rent (FMR) for ZIP 05449 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,600
1 Bedroom	$1,780
2 Bedrooms	$2,240
3 Bedrooms	$2,830
4 Bedrooms	$2,940
5 Bedrooms	$3,410
6 Bedrooms	$3,819
7 Bedrooms	$4,125
8 Bedrooms	$4,331

Based on the available data, ZIP 05449 corresponds to a part of Colchester, Vermont. Specific demographic details such as population size, percentage of renters, median income, and median home value were not directly provided by the initial searches, indicating that detailed economic and demographic profiles for this ZIP code might be limited or less frequently updated.

The Fair Market Rent (FMR) for ZIP 05449 is set at $1950 for the fiscal year 2024. This figure is critical for understanding the financial landscape for Section 8 investors. While the exact market rent was not clearly defined in the searches, the FMR serves as a benchmark for rental pricing in subsidized housing.

Given the lack of detailed market rent data, it's prudent to consider the FMR as indicative of the local rental market conditions. However, for a more precise analysis, it would be necessary to consult local real estate agents or rental listings to get an accurate sense of current market rents.

Considering the characteristics of ZIP 05449, it appears to be well-suited for a hands-off voucher operator rather than a hands-on value-add buyer. The absence of specific economic metrics suggests a stable but perhaps less dynamic market, where maintaining properties under the Section 8 program could be straightforward without requiring extensive renovations or improvements to attract tenants.

To conclude, while ZIP 05449 offers opportunities for Section 8 investment with a clear FMR of $1950, the practical approach should lean towards a hands-off strategy given the limited data suggesting significant room for value-added improvements. Investors should focus on property maintenance and compliance with Section 8 standards to ensure steady returns.

Data Sources: FMR data from HUD (2027).

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.