Location: Rutland County, VT | Metro: Rutland County, VT
| 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 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05739 in the metro area for fiscal year 2026 is set at $1,400. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay to landlords who participate in the Section 8 program for renting a unit in this area. It's important to note that this is not the actual rent you can charge tenants; it is the payment standard used by HUD.
In comparison, the average rent reported by the Census Bureau's American Community Survey (ACS) for ZIP code 05739 is $833. This indicates that the FMR is significantly higher than the typical market rent, which could be beneficial for landlords participating in the Section 8 program.
The renter share in this ZIP code is 9.0%, meaning that 9% of the population are renters. This suggests a moderate demand for rental properties, but the high FMR relative to the local average could make Section 8 rentals particularly attractive to potential tenants.
If you're looking to acquire a property in ZIP code 05739 for your first Section 8 rental, the median home value is approximately $351,071. This gives you an idea of the investment required to enter the market.
Before you proceed with acquiring a property, verify that the unit meets all local housing quality standards (HQS). These standards ensure that the property is safe and livable, which is a prerequisite for participation in the Section 8 program. If the unit fails to meet these criteria, it cannot be rented under the program regardless of its location or price.
To summarize, the FMR of $1,400 provides a clear guideline for the maximum subsidy payment you can receive. The local average rent of $833 shows that the FMR is generous compared to typical market rates, potentially attracting more tenants. With a 9.0% renter share, there is a steady demand for rentals. And at an acquisition cost of around $351,071, you have a good starting point for your financial planning. Ensure the property meets HQS to avoid any complications once you've made your investment.
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.