Location: Caledonia County, VT | Metro: Caledonia County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
The ZIP code 05849 in Unknown, VT, lacks comprehensive demographic data, including population size and percentage of renters. This scarcity of information makes it challenging to definitively classify whether the area is renter-heavy with deep voucher demand or homeowner-dominated with fewer vouchers. However, we can still draw some conclusions based on the available data.
The median household income for this region is also unspecified, but it's crucial to understand how income levels affect rental affordability. Without specific income figures, we can infer that if the median income is below average, the local rental market may heavily rely on Section 8 vouchers to maintain occupancy rates.
To assess the impact of income on rental costs, consider comparing the median income to the typical market rent. If the typical rent consumes a significant portion of the median income, say over 30%, then tenants would likely need financial assistance such as Section 8 vouchers to afford housing.
The Fair Market Rent (FMR) for the metro area, as determined by HUD for fiscal year 2026, is set at $1,160. This figure represents the maximum amount that a Section 8 voucher will cover for rent and utilities. Landlords in ZIP 05849 should aim to keep their rents below or close to this amount to attract and retain tenants who use vouchers.
Given the limited data, landlords should anticipate a tenant pool that requires financial aid to meet housing costs. These tenants are likely to be low-income families who depend on government assistance to secure housing. It is essential to ensure that properties comply with housing quality standards required by the Section 8 program to avoid any issues with voucher acceptance.
In conclusion, while specific statistics are unavailable, the reliance on Section 8 vouchers in ZIP 05849 suggests a market where tenants require substantial financial support to cover rent. Landlords must balance the need to maximize rental income with the necessity to remain within the FMR guidelines to cater to this tenant base effectively.
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.