Location: Washington County, VT | Metro: Caledonia County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,830 |
| 3 Bedrooms | $2,290 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05658, which is located in Wyoming, has been set at $1,560 for the fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It's important to note that this is not the amount you would charge as rent; rather, it's the maximum subsidy that the government will pay towards rent for eligible tenants.
In comparison, the average rent for the area, according to the Census American Community Survey (ACS), stands at $1,414. This suggests that the FMR is slightly higher than the typical market rent, which could be beneficial for landlords who are willing to participate in the Section 8 program. The difference between the FMR and the average rent indicates that landlords can potentially receive a subsidy that covers more than the usual market rate, thus ensuring a steady income stream.
The demand for rental properties in ZIP 05658 is relatively high, with 16.2% of the population being renters. This percentage translates into a significant number of potential tenants who might be interested in Section 8 housing. Given the high demand, landlords can expect a good pool of applicants, provided they meet the necessary criteria for the program.
When considering acquiring a property in this ZIP code, the median home value is around $330,578. This figure gives an indication of the capital investment required to enter the market. Before deciding to become a Section 8 landlord, it's crucial to verify that your property meets the local housing quality standards set by the Department of Housing and Urban Development (HUD). These standards ensure that the rental unit is safe and habitable, and failure to comply can result in penalties or disqualification from the program.
To summarize, the FMR of $1,560 provides a guaranteed subsidy level, while the local average rent of $1,414 offers insight into the typical market rates. With a renter share of 16.2%, there is a solid demand for rental properties, and the median home value of $330,578 reflects the cost of entering the market. However, landlords must ensure their property meets HUD's housing quality standards before proceeding with the Section 8 program.
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.