Location: Orleans County, VT | Metro: Orleans County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 05830, set at $1,170 for metro fiscal year 2026, is the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for Section 8 housing vouchers. This figure does not represent the actual rent you will charge your tenants; it is the maximum amount HUD will pay on behalf of eligible renters. For context, the average rent in this area, according to the Census Bureau's American Community Survey (ACS), is $1,085.
The FMR being higher than the local average rent suggests a potential opportunity for landlords. If you price your rental units close to the FMR, you can attract tenants who qualify for Section 8 vouchers without significantly overpricing the market. However, keep in mind that the tenant must contribute a portion of their income toward the rent, which typically means they pay 30% of their adjusted income, and HUD covers the rest up to the FMR limit.
In ZIP code 05830, 18.7% of residents are renters, indicating a moderate demand for rental properties. While this percentage isn't extremely high, it still represents a substantial portion of the population who might be looking for affordable housing options, making Section 8 an attractive choice for both landlords and tenants.
If you're looking to acquire a property in this ZIP code, the median home value is approximately $233,951. This gives you a benchmark for what you might expect to pay when purchasing a property for a Section 8 rental. Remember, the acquisition cost is just one factor in determining the viability of a Section 8 property investment. The potential rental income, maintenance costs, and other expenses will also play significant roles.
Before committing to a Section 8 rental property in ZIP 05830, verify that the property meets all local housing quality standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary, and failure to meet them can result in non-payment from HUD. Ensure that your property inspection and any necessary repairs are completed before signing a contract with a tenant using a Section 8 voucher.
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.