Location: Orange County, VT | Metro: Orange County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,370 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,510 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
U.S. Census Bureau data (2024)
The ZIP code 05675 in Wyoming has a population of 898 individuals, with only 5.0% being renters. This indicates that the area is predominantly homeowner-dominated rather than renter-heavy. The median household income stands at $65,682, which provides context for evaluating the rental market.
Average market rent in this ZIP code is $973 per month. To put this into perspective, typical rent constitutes approximately 18% of the local median income when calculated on an annual basis. This percentage is derived from dividing the annual rent ($973 x 12 = $11,676) by the median household income ($65,682), which equals about 0.18 or 18%. This suggests that while rent is not prohibitively expensive, it still represents a significant portion of the average income, making affordability a key concern for potential tenants.
Comparing the market rent to the Fair Market Rent (FMR) of $1,540, as set for FY 2026 in the metro area, reveals that the actual rents in ZIP 05675 are below the FMR. This could indicate that there might be some flexibility for landlords in terms of pricing, but also that the voucher demand may be lower compared to areas closer to the FMR threshold. The discrepancy between the market rent and the FMR suggests that landlords might not fully utilize the voucher value, potentially leaving room for negotiation or additional services to attract tenants.
Given these factors, landlords in ZIP 05675 can expect tenants who are likely to rely on Section 8 vouchers due to the high cost of rent relative to their income. These tenants will need to carefully manage their finances to cover other living expenses alongside rent. Landlords should prepare for tenants who are price-sensitive and may seek out the most affordable housing options available, leveraging the $973 market rent to remain competitive within the local market.
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.