Section 8 Fair Market Rent (FMR) for ZIP 05701 - 2027

Location: Rutland County, VT | Metro: Rutland County, VT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,150
1 Bedroom	$1,150
2 Bedrooms	$1,510
3 Bedrooms	$1,800
4 Bedrooms	$2,110
5 Bedrooms	$2,448
6 Bedrooms	$2,742
7 Bedrooms	$2,961
8 Bedrooms	$3,109

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

20,382

Median Household Income

$61,610

Housing Units

10,762

Renter Percentage

39.5%

Occupancy Rate

86.7%

Renter Occupied

3,683

Housing Authorities Serving ZIP 05701

Rutland Housing Authority (Rutland, VT) - 481 Section 8 vouchers

Rutland, Vermont, located in ZIP code 05701, is a charming city known for its historical significance and rural charm. Nestled in the heart of Vermont's Green Mountains, it offers a blend of small-town living and access to natural beauty, making it an attractive place for both residents and investors.

The Fair Market Rent (FMR) for the Rutland metro area in fiscal year 2026 is set at $1,310. This figure represents the maximum rent affordable for low-income families and can be used as a benchmark for rental pricing.
The average market rent, according to the Census American Community Survey (ACS), stands at $1,024. This indicates that the current rental market is below the FMR, suggesting potential for growth in rental prices.
The median home value in Rutland is $282,886. This relatively moderate price point makes it accessible for both first-time homeowners and investors looking to enter the market.
Renters make up 39.5% of the housing market, indicating a substantial portion of the population prefers renting over owning. This trend supports the viability of rental investments.
The median income in the area is $61,610. This figure provides insight into the financial capacity of local renters and homeowners, helping to inform investment decisions.

Investors should note the discrepancy between the current market rent and the FMR, which suggests opportunities for increasing rental rates. The significant share of renters in the housing market points to a strong demand for rental properties, while the median home value indicates that the cost of entry is reasonable. With a median income of $61,610, there is a solid economic foundation supporting the ability of residents to afford housing. In summary, Rutland presents a balanced market with room for growth, particularly in rental properties, where investors can leverage the gap between actual rents and the FMR to maximize returns.

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.