Location: Lamoille County, VT | Metro: Lamoille County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
ZIP 05656, located in Johnson, VT, is a small town neighborhood with a population of 3,458 residents. Approximately 41.9% of these residents are renters, indicating a moderate demand for rental properties. The median household income in this area is $55,133, which is relatively modest compared to larger urban centers. However, the median home value stands at $340,199, suggesting a stable housing market.
The Federal Market Rent (FMR) for ZIP 05656 in fiscal year 2026 is projected to be $1,230, while the current market rent, according to the Census ACS, is $950. This discrepancy presents an opportunity for investors who can manage properties effectively to capture the higher subsidy rates offered by the Section 8 program. The gap between the FMR and market rent indicates that there is room for price increases without pushing tenants out of their affordability range.
Given the characteristics of ZIP 05656, it is well-suited for both hands-off voucher operators and hands-on value-add buyers. Hands-off operators can benefit from the stability of the housing market and the potential for higher rental income through Section 8 subsidies. On the other hand, value-add buyers have the opportunity to improve property conditions and increase rents closer to the FMR, thereby maximizing returns.
To summarize, ZIP 05656 offers a balanced investment opportunity with a mix of renters and homeowners, a moderate income level, and a solid housing value. The difference between the FMR and current market rent suggests that there is potential for increased profitability for Section 8 investors, whether they choose a passive or active management approach.
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.