Location: Washington County, VT | Metro: Burlington-South Burlington, VT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,500 |
| 1 Bedroom | $1,650 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
U.S. Census Bureau data (2024)
The ZIP code 05676 in Windham County, Vermont, stands out due to its unique demographic and economic characteristics. With a population of 5,032 residents, it has a rental rate of 32.7%, which is higher than the national average. The median income in this ZIP code is $92,773, reflecting a relatively affluent community. However, the median home value is significantly lower at $469,844, indicating that while incomes are high, the cost of homeownership remains moderate.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 05676 in fiscal year 2024 is set at $1,570. This figure is notably higher than the actual market rent, which is reported to be $998 based on the latest Census American Community Survey data. This disparity suggests that landlords who accept Section 8 vouchers can expect to receive rents above the local market rate, potentially making it an attractive option despite the administrative requirements.
The data signature for ZIP 05676 reads as stable. The relatively high median income and significant portion of renters indicate a consistent demand for affordable housing options. While the median home value is lower compared to some other areas, it still supports a healthy real estate market. For landlords and small-portfolio investors, accepting Section 8 vouchers can provide a steady stream of income that exceeds typical market rates, thereby offering a strategic advantage in this ZIP code's real estate landscape.
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.