Location: Windsor County, VT | Metro: Addison County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The ZIP code 05767 presents several challenges for potential Section 8 landlords. Firstly, tenant turnover is a significant concern. The market rent of $929 is notably lower than the Federal Market Rent (FMR) of $1,270 for the metro area, indicating that tenants may be attracted to higher-paying opportunities outside the Section 8 program. This discrepancy can lead to frequent turnover, which is costly and time-consuming for landlords.
Vacancy exposure is another issue. The days on market (DOM) data is currently unavailable, making it difficult to predict how long a property might remain vacant between tenancies. This uncertainty increases the financial risk associated with the property, as landlords must cover expenses during these periods without rental income.
Deferred maintenance is also a risk factor. With a typical home value of $335,502 and a median income of $72,715, residents may struggle to afford necessary repairs and maintenance. Landlords should prepare for potential additional costs to keep properties up to code and habitable, especially considering the lower income levels relative to property values.
Despite these risks, there are mitigating factors that make ZIP 05767 an interesting market for Section 8 investments. The renter share stands at 13.8%, which is relatively high. High renter density generally translates into higher demand for housing vouchers, thus potentially increasing the pool of eligible Section 8 tenants.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.