Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,430 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,510 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
U.S. Census Bureau data (2024)
The ZIP code 05486, located within the Burlington-South Burlington, VT MSA, presents a unique profile compared to other ZIP codes in the metro area. With a Fair Market Rent (FMR) of $1740 for fiscal year 2024, it stands above the average market rent of $1,439. This indicates that the rental costs in 05486 are higher than what might be considered typical for the region.
The median home value in ZIP 05486 is listed at $613,585, which is likely reflective of the overall housing market trends in the Burlington-South Burlington, VT MSA. However, the renter share of 15.5% suggests a moderate proportion of renters in the area, not significantly deviating from what might be expected in a suburban setting within a larger metropolitan area.
When analyzing these figures, it becomes apparent that ZIP 05486 is positioned as a premium sub-market within the metro. The higher FMR compared to the market rent suggests that it is a desirable location where rental properties can command higher prices. This premium status is further reinforced by the relatively high median home value, indicating a strong property market with significant investment potential.
However, there is no immediate signal that 05486 represents a Section 8 sweet spot based on the provided data. A sweet spot typically involves a high renter share coupled with below-average home values, suggesting affordability for low-income households. In this case, while the renter share is moderately high, the home values are also quite high, which does not indicate an area of particular affordability or a value pocket for low-income renters.
To summarize, ZIP 05486 is best categorized as a premium sub-market within the Burlington-South Burlington, VT MSA, given its elevated FMR and median home value. Landlords and small-portfolio investors should consider this area for its potential to attract tenants willing to pay higher rents, though it does not appear to be particularly advantageous for those seeking to leverage Section 8 subsidies due to its higher property costs.
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.