Location: Rutland County, VT | Metro: Rutland County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,380 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
U.S. Census Bureau data (2024)
ZIP code 05751, located within Rutland County, VT, has several key metrics that define its position relative to other ZIP codes in the county. The Fair Market Rent (FMR) for the area is set at $1,780 for fiscal year 2026, which is higher than the average market rent of $1,286. This suggests that 05751 is likely a premium sub-market within its metro, as it commands a higher rental price compared to the general market.
The median home value in 05751 stands at $481,696, which is also above the typical home value in Rutland County. This further supports the classification of 05751 as a premium sub-market, where property values are generally higher than the county average.
A notable figure is the 25.5% renter share in ZIP code 05751. While this percentage indicates a significant portion of renters, it does not necessarily signal a Section 8 sweet spot. To qualify as such, we would expect to see lower home values alongside a high renter share, which is not the case here.
In summary, based on the provided data, ZIP code 05751 appears to be a premium sub-market within its metro due to its higher-than-average FMR and home values. The high renter share does not suggest a value pocket or Section 8 sweet spot, given the elevated home values. Landlords and small-portfolio investors should consider the strong rental demand and higher property costs when evaluating investment opportunities in this ZIP code.
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.