Location: Orleans County, VT | Metro: Orleans County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
The ZIP code 05823 in Unknown, VT presents several challenges for potential Section 8 landlords and small-portfolio investors. Firstly, tenant turnover can be a significant issue when comparing the market rent, which is currently unavailable, to the Fair Market Rent (FMR) of $1,180 for FY 2026 in the metro area. This discrepancy can lead to higher costs associated with finding and vetting new tenants, as well as increased administrative burdens.
Vacancy exposure is another concern, particularly since the days on market (DOM) for the area is also not available. This lack of data makes it difficult to predict how long properties might remain vacant between tenancies, potentially leading to financial strain for landlords who rely on consistent rental income.
Deferred maintenance exposure is a critical risk factor. Without specific figures on the typical home value and median income in ZIP 05823, it's challenging to assess the ability of residents to afford necessary repairs or upgrades. This uncertainty can result in properties deteriorating faster than expected, requiring significant capital investments from landlords to maintain habitable conditions.
However, these risks must be weighed against the high concentration of renters in the area. The percentage of renters is not specified, but high renter density typically correlates with higher demand for Section 8 vouchers. This increased demand can help stabilize occupancy rates and mitigate some of the risks associated with vacancy and tenant turnover.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP 05823 is moderate. While there are significant unknowns regarding market rents, days on market, and the financial health of the housing stock, the potential for stable occupancy due to a high renter population offers a counterbalance to these uncertainties.
Data Sources: FMR data from HUD (2027).
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.