Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,600 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,640 | $232,986 | 0.7% | D |
| 2BR | $2,060 | $349,625 | 0.59% | F |
| 3BR | $2,600 | $510,336 | 0.51% | F |
| 4BR | $2,710 | $630,917 | 0.43% | F |
| 5BR | $3,144 | $629,341 | 0.5% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 05452, located in Essex, Vermont, within the Burlington-South Burlington, VT MSA metro area, reveals several key points regarding its suitability for rental investments.
The rent math works effectively in this ZIP code. The Fair Market Rent (FMR) for ZIP 05452 in fiscal year 2024 is set at $1,910, while the market rent, as indicated by the Zillow Observed Rental Index (ZORI), stands at $1,950. This slight premium suggests that landlords can achieve reasonable returns on their investment properties without significant rent concessions.
Acquisition in this area is quite affordable. With a median home value of $478,677, potential investors can purchase homes at a relatively low cost compared to larger metropolitan areas. Additionally, the average days on market (DOM) is just 8 days, and only 0.1% of listings have been discounted. These factors indicate a robust market where homes sell quickly and at or near asking price, making it an attractive location for acquiring rental properties.
Tenant demand is strong in ZIP 05452. The population is 22,626, and 32.3% of residents are renters. This substantial renter share ensures a steady pool of potential tenants, reducing the risk of vacancy and providing consistent rental income.
In conclusion, ZIP 05452 offers a favorable environment for rental investments. The rent math is sound, with market rents slightly above FMR. Acquisition costs are reasonable, supported by quick sales and minimal price reductions. Tenant demand is robust, with a significant portion of the population renting. These factors collectively suggest that Essex, Vermont, is a viable and profitable location for landlords and small-portfolio investors.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.