Location: Orleans County, VT | Metro: Burlington-South Burlington, VT MSA
| 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 |
U.S. Census Bureau data (2024)
The market in ZIP code 05471 presents a dynamic scenario that can be interpreted through the lens of available data points. The Fair Market Rent (FMR) for the area stands at $1570 for fiscal year 2024, indicating the benchmark rental rate set by HUD for the region. While the specific market rent is currently unavailable, the median home value of $330,617 offers insight into the overall economic landscape of the area.
The 20.7% renter share suggests a significant portion of the population relies on rental housing, which can imply ongoing long-term housing pressure. In markets with a high renter share, there is often a consistent demand for rental properties, as many residents are unable to purchase homes due to financial constraints or other factors. This can create a steady demand for rental units, potentially leading to a situation where demand might outpace supply if new rental stock isn't being added at a sufficient pace.
The absence of data on the percentage of price cuts and days on market (DOM) makes it challenging to assess the immediate supply-demand balance. However, given the high renter share and the established FMR, it's reasonable to infer that landlords and small-portfolio investors could find opportunities in this market. The presence of a substantial number of renters indicates a potential for stable rental income, assuming the supply of rental units matches the demand closely.
To fully understand the dynamics of the ZIP 05471 market, further investigation into local trends, such as employment rates, population growth, and the development of new housing projects, would be necessary. These factors, combined with the existing data, can paint a clearer picture of the market's movement and the potential challenges and opportunities for property owners.
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.