Location: Rutland County, VT | Metro: Addison County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05743 in fiscal year 2026 is set at $1,340. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is important to note that this is not the amount you would charge your tenant as rent; rather, it is the maximum amount the government will pay toward a tenant's rent.
In ZIP 05743, the average rent for a two-bedroom apartment based on Census American Community Survey (ACS) data is $931. This means that if you participate in Section 8, the government will cover up to $1,340 of the rent, while the tenant pays the difference between this amount and the actual rent charged, which should not exceed $931 to stay competitive with market rates.
The percentage of renters in this area is 17.1%, indicating a steady demand for rental properties. With the government backing up to $1,340 per month, you can ensure a reliable source of income even if the market fluctuates.
To acquire a property in this ZIP code, you might expect to spend around $256,437, based on recent real estate trends. This investment can be attractive given the guaranteed income from the voucher program, but it is crucial to understand the rules and regulations associated with Section 8 rentals.
Before you decide to participate in the Section 8 program, verify that your property meets all the necessary inspection criteria. The housing unit must pass a thorough inspection to ensure it is safe, decent, and sanitary. This is a critical step to avoid any delays in receiving payments from the government.
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.