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 | $1,350 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,480 | $501,902 | 0.49% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05454 in West Virginia for fiscal year 2024 is set at $1790. This figure represents the payment standard for Section 8 housing vouchers in the area. It is important to note that this is not the amount you will charge your tenants as rent; rather, it is the maximum amount that the Housing Choice Voucher program will pay on behalf of eligible low-income families.
To put this into perspective, the average rent for the same ZIP code according to the latest Census American Community Survey (ACS) data is $1,104. This means that the FMR is significantly higher than the average market rent, which can be advantageous for landlords participating in the Section 8 program. The difference between these two figures can help cover any gaps between the voucher payment and the tenant's contribution, ensuring that you receive a fair rate for your property.
The FMR also indicates the level of demand for affordable housing in the area. With 15.3% of residents being renters, there is a substantial portion of the population who could potentially benefit from Section 8 vouchers. This demand suggests a steady pool of potential tenants who qualify for the program, making it easier to find and retain renters.
When considering the acquisition cost of a property in ZIP 05454, the median home value is around $462,209. While this may seem high, remember that the FMR is designed to reflect the local rental market conditions and ensure that landlords are fairly compensated for providing housing to those in need.
Before you decide to participate in the Section 8 program with a rental in this ZIP code, verify that your property meets all the necessary quality and safety standards required by the program. These inspections are thorough and ensure that the living conditions are suitable for tenants. Once you confirm that your property is up to par, you can confidently proceed knowing that you are in compliance with the program requirements.
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.