Location: Caledonia County, VT | Metro: Caledonia County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,560 |
| 5 Bedrooms | $2,970 |
| 6 Bedrooms | $3,326 |
| 7 Bedrooms | $3,592 |
| 8 Bedrooms | $3,772 |
U.S. Census Bureau data (2024)
The ZIP code 05850, located in Vermont, has a population of 307 residents. The percentage of renters in this area is listed as 0.0%, which suggests that it is primarily a homeowner-dominated area rather than one with a heavy concentration of renters. This low rental rate implies that there might be a scarcity of Section 8 housing vouchers available for tenants in this region.
Moving on to income levels, the median household income for ZIP 05850 is not specified (N/A), making it challenging to accurately gauge the economic conditions of the area. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,310. Without a specific figure for market rent in ZIP 05850, we cannot determine what percentage of local income goes toward typical rent. Nonetheless, it's worth noting that the FMR provides an indication of the average rental cost in the broader metro area, which can serve as a benchmark for comparison.
A landlord in ZIP 05850 should anticipate a tenant pool that is likely to be smaller due to the predominance of homeownership in the area. Tenants who do seek rental properties may be more inclined to use housing vouchers, given the limited availability of rental units. The typical voucher amount of $1,310 aligns closely with the FMR, suggesting that landlords who accept vouchers will be able to cover their costs without significant financial strain.
To summarize, ZIP 05850 is not a renter-heavy area but rather a place where homeownership is the norm. With the lack of detailed data on the percentage of renters and median income, landlords must rely on the FMR to guide their expectations regarding rental prices and the potential demand for Section 8 vouchers. The expected tenant profile would consist of individuals or families who are more likely to depend on government assistance to secure housing, given the limited rental options available in the 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.