Location: Rutland County, VT | Metro: Rutland County, VT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,300 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,710 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,030 | $292,518 | 0.69% | D |
U.S. Census Bureau data (2024)
The Federal Housing Administration (FHA) Fair Market Rent (FMR) for ZIP code 05744 in fiscal year 2026 is set at $1,510. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, this is the maximum amount the government will pay towards a tenant's rent. It does not reflect the total rent you can charge, but it does set an upper limit on the subsidy.
In comparison, the average rent for the area based on Census American Community Survey (ACS) data is $796. This suggests that the FMR is significantly higher than the typical market rate, which could be advantageous for landlords looking to maximize income while still providing affordable housing options.
The 51.6% renter share indicates a robust demand for rental properties in the area. More than half of the households are renters, which means there is a large pool of potential tenants who might benefit from Section 8 housing assistance. This high percentage also implies that competition among landlords for these tenants may be fierce, so having a property that meets the requirements can be beneficial.
If you're considering purchasing a property in ZIP 05744 for your first Section 8 rental, the median home value of $258,680 provides a benchmark for acquisition costs. This figure helps you understand the financial commitment involved in buying a property suitable for the program. Given the FMR, you can potentially cover a significant portion of your mortgage and maintenance costs through the Section 8 payments.
Before finalizing your decision, verify that the property meets all the necessary quality and safety standards required by the Section 8 program. These standards ensure that the homes are habitable and safe for tenants, and failing to meet them could result in disqualification from the program. Once you confirm compliance, you can confidently proceed with offering your rental under the Section 8 umbrella, knowing that you have a solid demand base and a reliable source of income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.