Section 8 Fair Market Rent (FMR) for ZIP 05474 - 2027

Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,580
1 Bedroom	$1,750
2 Bedrooms	$2,210
3 Bedrooms	$2,790
4 Bedrooms	$2,900
5 Bedrooms	$3,364
6 Bedrooms	$3,768
7 Bedrooms	$4,069
8 Bedrooms	$4,272

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,263

Median Household Income

$102,143

Housing Units

1,077

Renter Percentage

3.7%

Occupancy Rate

48.1%

Renter Occupied

The ZIP code 05474, located in Windham, Vermont, offers a unique blend of rural charm and accessibility to urban amenities, making it an intriguing market for real estate investors. This area is characterized by its relatively low density of renters and high median income, suggesting a strong potential for rental stability and appreciation in property values.

Fair Market Rent (FMR): The Fair Market Rent for the area is set at $1900 per month for the fiscal year 2024, indicating a benchmark that landlords should aim to meet or slightly exceed to remain competitive.
Market Rent: According to the latest Census ACS data, the average market rent in ZIP 05474 stands at $1,556, which is below the FMR but still represents a solid investment opportunity given the area's characteristics.
Median Home Value: The median home value in the area is $523,864, reflecting a substantial investment for homeowners and potentially a good return on investment for those looking to purchase and rent out properties.
Renter Share: Only 3.7% of the population are renters, which is a very low percentage compared to national averages, suggesting a niche market that may require targeted marketing strategies.
Median Income: With a median income of $102,143, residents in this area have the financial means to afford higher rents, making it possible to charge above-average rates if the property meets certain standards.

In summary, ZIP 05474 presents a market where rental properties can command higher rents due to the area's high median income, yet the number of potential tenants is limited. Landlords and small-portfolio investors should focus on properties that offer value-added features to justify rents closer to the FMR of $1900, while also considering the local demand for rentals, which is relatively low at 3.7%. Given the median home value and the potential for stable tenancy, investing in this area could yield long-term benefits, especially if the investor can secure a steady stream of high-income tenants willing to pay premium rents.

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.