Location: Orleans County, VT | Metro: Orleans County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
The ZIP code 05829 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant issue, with the market rent at $1,078 being notably lower than the Fair Market Rent (FMR) of $1,300 for FY 2026 in the metropolitan area. This discrepancy suggests that tenants receiving Section 8 vouchers might be less inclined to stay long-term if they can find better deals on the open market.
Vacancy exposure is another concern, as the days on market (DOM) data is currently unavailable. However, the typical home value in the area stands at $271,363, while the median income is $73,456. These figures indicate that many residents may struggle to afford higher rents without assistance, potentially leading to extended vacancy periods when vouchers are not available or when there's a delay in the voucher process.
Deferred maintenance is also a risk factor. With a typical home value of $271,363, landlords should be prepared for potential maintenance costs that could quickly eat into their profit margins. The median income figure of $73,456 further underscores the financial strain many residents face, which might result in them prioritizing rent payments over maintaining their living conditions.
Despite these risks, the high renter share of 25.2% is a positive indicator. High renter density usually correlates with greater demand for rental properties, including those accepting Section 8 vouchers. This demand can help mitigate some of the risks associated with tenant turnover and vacancy exposure.
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.