Location: Washington County, VT | Metro: Washington County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
The ZIP code 05664 in Wyoming is primarily characterized by a lack of comprehensive demographic data, which makes it challenging to provide a detailed analysis. However, based on the available information, we can infer some key points about the suitability of this area for landlords and small-portfolio investors focusing on Section 8 tenants.
Firstly, the absence of population figures and the percentage of renters indicates that this ZIP code might be sparsely populated, possibly rural, where homeownership could be more prevalent than renting. This suggests that the demand for rental properties using Section 8 vouchers could be relatively low compared to more urban areas with higher percentages of renters.
Secondly, without specific median household income data, it's difficult to assess the financial capability of potential tenants in this area. However, when comparing the Fair Market Rent (FMR) of $1,480 for the fiscal year 2026, which is set by the U.S. Department of Housing and Urban Development (HUD), to the typical market rent in the area, we can deduce the affordability of housing for Section 8 tenants. If the market rent is significantly higher than the FMR, it would imply that a larger portion of local incomes is dedicated to housing costs, making it less attractive for voucher holders.
To illustrate, if the typical market rent were to be hypothetically $1,800, this would represent a significant portion of the local income, assuming the income level is close to the FMR threshold. For instance, at an FMR of $1,480, a typical market rent of $1,800 would require a tenant to spend approximately 122% of their maximum voucher amount on rent alone, which is not feasible under the Section 8 program.
Given the limited data, landlords in ZIP 05664 should prepare for a tenant pool that is likely to be smaller and more selective. Tenants will most likely have very specific budget constraints tied directly to the HUD-set FMR, meaning they cannot afford rents above the $1,480 limit. Landlords must ensure their rental units are priced competitively within this range to attract and retain Section 8 tenants.
In conclusion, while ZIP 05664 may not be densely populated with renters, there is still a niche market for Section 8 tenants. Landlords should focus on maintaining properties that meet the program's standards and pricing them appropriately to cater to this specific tenant base.
Data Sources: FMR data from HUD (2027).
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.