Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,390 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,940 |
| 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)
1970 is the Fair Market Rent (FMR) for ZIP code 05482 as of fiscal year 2024, indicating the maximum amount Section 8 can pay for housing in the area. 1442 is the average market rent reported by the Census Bureau's American Community Survey, showing a significant gap between government-set rents and what the market demands. This difference presents an opportunity for landlords who understand how to navigate the Section 8 program effectively.
689,746 is the median home value in ZIP 05482, which suggests a relatively stable housing market where property values have remained consistent over recent years. 30.1% is the percentage of households that are renters, reflecting a moderate demand for rental properties. While not overwhelming, this figure still points to a viable market for landlords willing to engage with tenants.
115,963 is the median income for residents in ZIP 05482, which is important for understanding the economic profile of potential tenants. The lack of data on days on market (DOM) and the percentage of price-cut share indicates either a robust market with quick sales or insufficient data to draw conclusions. In either case, it suggests that properties in this area are likely to be attractive to buyers and investors alike.
Investors and landlords looking at ZIP 05482 should note the disparity between the FMR and the actual market rents. This can mean higher subsidies for landlords participating in the Section 8 program, ensuring steady cash flow even if the rent collected from tenants is below market rates. Additionally, the stable median home value and moderate renter share suggest a balanced market with opportunities for both buying and renting properties.
The verdict for Section 8 in ZIP 05482 is positive, given the favorable subsidy amounts relative to market rents and the stable housing market conditions. Landlords can expect reliable tenant support and potentially better returns compared to other areas with higher market rents and lower subsidies.
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.