Section 8 Fair Market Rent (FMR) for ZIP 05667 - 2027
Location: Washington County, VT | Metro: Washington County, VT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,250 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$66,667
To determine if you should buy in ZIP code 05667 for Section 8 investment, follow these steps:
- Does FMR $1,520 (metro FY 2026) clear debt service on a $369,672 property?
- Yes: The Fair Market Rent (FMR) of $1,520 is sufficient to cover the debt service on a property valued at $369,672. This indicates that the rental income from a Section 8 tenant would be adequate to meet mortgage obligations.
- No: The FMR of $1,520 does not clear the debt service on a $369,672 property. In this case, buying for Section 8 in ZIP 05667 is not advisable as the rental income would likely fall short of covering the mortgage payments.
- Is market rent $1,215 (Census ACS) above, at, or below FMR?
- Above: If the market rent exceeds the FMR, then Section 8 properties are undervalued relative to the market. This suggests an opportunity to leverage the difference between market rents and Section 8 rates for additional profit.
- At: When market rent equals the FMR, there is no premium for market tenants over Section 8 tenants. This scenario makes Section 8 properties competitive but does not offer a significant advantage over renting to market-rate tenants.
- Below: If the market rent is below the FMR, then renting to market-rate tenants would be less profitable than taking Section 8 tenants. This makes Section 8 properties a better choice for maximizing rental income.
- Are 26.0% renters + N/A-day days on market (DOM) enough demand?
- It Depends: With 26.0% of the population being renters, there is some demand for rental properties. However, the lack of data on days on market (DOM) makes it challenging to assess the speed at which properties are rented out. If the rental market is active and properties are rented quickly, the high percentage of renters can support Section 8 investments. Conversely, if the rental market is slow, even a high percentage of renters might not translate into strong demand for Section 8 units.
The decision to invest in Section 8 properties in ZIP 05667 hinges on whether the FMR clears debt service and how market rent compares to the FMR. The demand for rentals is present but requires further investigation into the local rental market dynamics.
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.