Location: Essex County, VT | Metro: Essex County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 05840 in Essex County, Vermont, reveals several key points that are crucial for landlords and small-portfolio investors.
First, regarding the rent math, the Fair Market Rent (FMR) for the area is set at $1,010 for fiscal year 2026. However, the lack of available market rent data makes it impossible to directly compare the two figures. This absence of current market rent data could indicate a need for further research into local rental trends before making investment decisions.
Second, on the topic of acquisition affordability, the missing median home value and other critical metrics such as days on market (DOM) and the percentage of homes that have had their prices cut suggest that there is insufficient data to assess the cost-effectiveness of purchasing properties in this ZIP code. Investors should proceed with caution until more comprehensive data is available.
Third, concerning tenant demand, the ZIP code has a population of 34, with 12.0% of residents being renters. This indicates a limited pool of potential tenants, which might affect the occupancy rate and the overall demand for rental properties in the area.
Verdict: The ZIP code 05840 presents a challenging investment scenario due to the high FMR of $1,010 without corresponding market rent data, and the lack of information on median home values and property acquisition trends. The small population size and low renter share also suggest that tenant demand is likely to be weak. Therefore, landlords and small-portfolio investors should consider these factors carefully and possibly seek additional data before committing to investments in this area.
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.