Location: Washington County, VT | Metro: Washington County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,860 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,670 |
| 3 Bedrooms | $3,340 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
U.S. Census Bureau data (2024)
From the renter's perspective, ZIP 05650 in Vermont presents a challenging affordability landscape. The median household income stands at $84,583, while the market rate for rent is $1,688 according to Census ACS data. This places a significant financial burden on renters, especially when considering that the Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $2,220. The discrepancy between the median income and both the market rate and FMR highlights a substantial affordability gap.
The population of 1,029 with only 9.0% being renters indicates a limited market for rental properties. This means landlords face stiff competition for a relatively small pool of potential tenants. The median income suggests that even at market rate, households might struggle to cover rent, let alone utilities and other living expenses. Therefore, landlords must carefully consider their pricing strategy to attract and retain tenants.
Given the financial constraints, households in ZIP 05650 are likely to prefer lower-cost options, such as market-rate rents over higher FMR payments. Landlords should weigh the benefits of accepting Section 8 vouchers against the risks of potentially lower rents compared to cash-paying tenants. Accepting vouchers can ensure a steady stream of income and reduce vacancy rates, but it also requires compliance with federal guidelines and a willingness to accept slightly less than market rates. The decision ultimately hinges on the landlord's financial goals and the competitive dynamics of the local rental market.
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.