Location: Lamoille County, VT | Metro: Lamoille County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The rent math in ZIP 05655, located in Lamoille County, Vermont, does not favor landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,190. However, the actual market rent, according to the Census ACS, stands at $1,007. This discrepancy suggests that landlords might struggle to achieve the FMR without significant concessions or improvements to properties.
Acquisition costs in this ZIP code remain reasonable. The median home value is $381,292, which is relatively stable and indicates a balanced market. Unfortunately, the data does not provide insights into the number of days on market (DOM) or the percentage of homes that required price cuts, making it difficult to assess the liquidity and pricing flexibility of the housing market. Nonetheless, the median home value suggests that property acquisition can be feasible for those with capital.
Tenant demand in ZIP 05655 is modest. With a total population of 3,000, the renter share is 15.7%, translating to approximately 471 renters. This limited pool of potential tenants could make it challenging to find and retain suitable occupants, especially given the lower market rents compared to the FMR.
In conclusion, while the acquisition cost of properties in ZIP 05655 is manageable at $381,292, the rent math is unfavorable due to the gap between the FMR and the actual market rent. Furthermore, the limited tenant demand, with only about 471 renters in the area, poses additional challenges. Landlords and small-portfolio investors should proceed with caution, focusing on areas where the market rent aligns more closely with the FMR and where there is a larger pool of potential tenants to draw from.
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.