Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,520 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $2,120 |
| 3 Bedrooms | $2,680 |
| 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 classification of ZIP code 05465 (Jericho, VT) on the axes of yield and stability reveals it to be a steady-cashflow zone for landlords and small-portfolio investors.
Yield Analysis: The Fair Market Rent (FMR) for the area is set at $1,460 for fiscal year 2024, while the average market rent stands at $1,770. This indicates that landlords can expect a modest premium over the FMR when renting properties to tenants eligible for Section 8 assistance. However, the median home value in Jericho is significantly higher at $555,251, which suggests that the rental market is somewhat competitive. Despite this, the potential for rental income above the FMR still offers a decent yield.
Stability Analysis: With only 7.7% of the population being renters, the market is primarily owner-occupied, indicating a relatively stable environment. The lack of available data on days on market (DOM) might suggest low turnover rates, which is favorable for long-term investment strategies. Additionally, the median household income of $114,677 is quite high, which further supports the idea of a stable market where tenants are likely to have the financial means to pay their rent consistently.
Given these factors, Jericho, VT, does not qualify as a high-yield/low-stability flip-style market. Instead, it leans towards providing steady cash flow with a moderate level of yield. The high median home value and median income levels contribute to a market where the risk of default is lower, making it suitable for investors seeking reliability and predictability in their returns.
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.