Location: Washington County, VT | Metro: Washington County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $2,030 |
| 3 Bedrooms | $2,590 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05677 in Wyoming for the fiscal year 2026 is set at $2,000. This figure represents the payment standard for Section 8 housing assistance, meaning that the government will pay up to this amount per unit to cover the rent for eligible tenants. It is important to note that this is not your rent; it is the maximum subsidy the program will provide. If your rent exceeds this amount, the tenant would be responsible for paying the difference out of pocket.
To put this into perspective, there is currently no specific data available on the average market rent for ZIP 05677. However, the FMR serves as a benchmark for what the government deems a fair rent in the area. Given that the FMR is $2,000, you should aim to set your rent close to or slightly below this figure to maximize tenant eligibility and reduce the likelihood of tenants being unable to afford the additional rent beyond the subsidy.
The 9.2% renter share indicates the portion of households in the area that rent rather than own their homes. This percentage suggests a moderate level of demand for rental properties, including those under Section 8. While it is not extremely high, it does indicate a stable base of potential tenants who might be interested in your property if it meets their needs.
When considering the acquisition cost of a rental property, the median home value of $596,892 is a critical factor. This price point can help you determine whether investing in a Section 8 property in ZIP 05677 aligns with your financial goals and budget constraints. Keep in mind that this figure includes both owner-occupied and rental properties, so the actual cost of a rental property could vary.
Before making the decision to participate in the Section 8 program with a property in this ZIP code, it is essential to verify that your property meets the necessary quality standards set by the Housing Quality Standards (HQS). These standards ensure that the living conditions are safe and decent for tenants. A property inspection by the local housing authority will confirm compliance.
In summary, the $2,000 FMR sets the ceiling for government subsidies, indicating the maximum rent covered by the program. With a 9.2% renter share, there is a moderate but stable demand for rentals. The median home value of $596,892 gives insight into the cost of acquiring a property. Ensuring your property meets HQS standards is crucial before proceeding with a Section 8 rental in ZIP 05677.
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.