Location: Orange County, VT | Metro: Orange County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,230 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
U.S. Census Bureau data (2024)
The ZIP code 05679 in Wyoming, Vermont, presents several challenges for first-time Section 8 landlords. Tenant turnover is a significant issue, with market rents at $1,659 compared to the Federal Market Rent (FMR) of $1,910 for FY 2026 in the metro area. This gap suggests that tenants might leave for better rental deals, leading to higher turnover rates and associated costs. Additionally, vacancy exposure is a concern due to the lack of available data on days on market (DOM), which can indicate periods where properties remain unoccupied and do not generate income.
Deferred maintenance is another risk factor. The typical home value in this area is $296,644, while the median income is $94,082. These figures imply that residents may struggle to afford necessary repairs and maintenance, potentially leading to more wear and tear on properties over time. Landlords must be prepared to handle these maintenance issues promptly to ensure compliance with housing standards and avoid penalties.
However, there are mitigating factors that reduce some of the risks. The renter share in ZIP 05679 is 10.2%, which is relatively high. High renter density typically correlates with higher demand for housing vouchers, such as Section 8. This demand can help stabilize occupancy rates and provide a steady stream of tenants willing to use their vouchers to cover rent.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.