Location: Addison County, VT | Metro: Addison County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,810 |
| 5 Bedrooms | $3,260 |
| 6 Bedrooms | $3,651 |
| 7 Bedrooms | $3,943 |
| 8 Bedrooms | $4,140 |
U.S. Census Bureau data (2024)
The rent math in ZIP 05472, located in Addison County, Vermont, does not favor Section 8 participation. The Fair Market Rent (FMR) for the area, set at $1,480 for fiscal year 2026, exceeds the average market rent reported by the Census ACS, which stands at $1,167. This discrepancy means that landlords accepting Section 8 vouchers would likely receive higher rents than what the market currently supports.
Acquisition in ZIP 05472 is relatively affordable, with a median home value of $443,421. However, the lack of data on days on market (DOM) and the percentage of homes that were sold at a discount suggests that the local real estate market might be stable but also somewhat opaque. Without these metrics, it's challenging to assess the true affordability of acquiring properties in this area.
Tenant demand is present but limited in ZIP 05472. With a total population of 1,938, approximately 20.4% are renters. This indicates that while there are tenants looking for housing, the overall pool of potential renters is small, which could limit the number of available Section 8 voucher holders.
In conclusion, ZIP 05472 presents a mixed picture for Section 8 landlords and small-portfolio investors. While the acquisition cost is reasonable, the higher FMR compared to market rent may not align well with the local rental environment. Additionally, the limited size of the tenant pool means that finding eligible Section 8 tenants could be challenging. Despite the affordability of property acquisition, the other factors suggest caution before investing in this ZIP code for Section 8 purposes.
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.