Location: Washington County, VT | Metro: Washington County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
U.S. Census Bureau data (2024)
The ZIP code 05682 in Woodstock, Vermont, is not heavily dominated by renters. With a population of 1,149, only 11.6% of residents are renters, indicating that the majority of the population owns homes. This makes it a homeowner-dominated area where Section 8 vouchers are less common. The median household income stands at $85,417, which provides a baseline for assessing rental affordability.
The typical market rent of $1,023 represents approximately 12% of the median household income. This is calculated by dividing the rent by the median income and multiplying by 100 (1,023 / 85,417 * 100 = 12%). While this percentage might seem reasonable, it's important to consider the Federal Market Rent (FMR) which is set at $1,420 for the fiscal year 2026 in the metro area. This suggests that the actual market rent is below the FMR, potentially offering some flexibility for landlords who can negotiate rents closer to the market rate without exceeding the voucher limits.
A landlord in ZIP 05682 should expect tenants who are likely to be part of the lower-income segment of the population, given the constraints of the Section 8 program. These tenants will be eligible for housing assistance and their total rent contributions will be capped by the FMR. Landlords should prepare for a tenant pool that is sensitive to rent increases and may require additional support in managing finances and adhering to lease terms. The relatively low percentage of renters in the area means that competition for Section 8 tenants could be intense among landlords who accept vouchers.
To summarize, while the demand for vouchers exists, it is not overwhelming in ZIP 05682. The market rent is well below the FMR, providing landlords with an opportunity to offer affordable housing options to those utilizing Section 8 vouchers. However, landlords must be prepared to manage properties with tenants who have specific financial needs and requirements under the housing assistance program.
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.