Location: Addison County, VT | Metro: Addison County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 05753, located in Addison County, Vermont, reveals several key points regarding its viability for landlords and small-portfolio investors interested in Section 8 housing.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,480. This figure is higher than the average market rent reported by the Census ACS, which stands at $1,162. Therefore, the rent math does work for Section 8 properties, as the government's reimbursement rate exceeds the local market rent, providing a financial advantage to landlords.
Regarding the affordability of property acquisition, the median home value in ZIP 05753 is $473,027. However, the data lacks specifics on the number of days on the market (DOM) and the percentage of homes that required price cuts. Without these details, it's challenging to provide a comprehensive assessment of the acquisition cost's affordability relative to typical real estate transaction dynamics in the area.
The third question concerns tenant demand. With a total population of 11,094, the renter share in this ZIP code is 29.4%. This indicates a significant portion of the population is actively seeking rental housing, suggesting strong demand for tenants willing to participate in the Section 8 program.
In conclusion, ZIP 05753 presents a favorable environment for landlords and small-portfolio investors looking to capitalize on Section 8 opportunities. The discrepancy between the FMR and the market rent ensures positive cash flow from the government subsidy. Despite incomplete data on property acquisition costs, the robust tenant demand, driven by nearly a third of the population renting, supports the likelihood of finding qualified tenants. Landlords should proceed with confidence, leveraging the financial benefits of the program while addressing any uncertainties about property pricing through careful due diligence.
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.