Section 8 Fair Market Rent (FMR) for ZIP 05853 - 2027

Location: Orleans County, VT | Metro: Orleans County, VT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,140
1 Bedroom	$1,190
2 Bedrooms	$1,460
3 Bedrooms	$1,880
4 Bedrooms	$2,050
5 Bedrooms	$2,378
6 Bedrooms	$2,663
7 Bedrooms	$2,876
8 Bedrooms	$3,020

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

743

Median Household Income

$91,250

Housing Units

727

Renter Percentage

16.4%

Occupancy Rate

48.7%

Renter Occupied

The ZIP code 05853, located in Vermont, offers a stable real estate market with a mix of rental and homeownership opportunities. The area is characterized by its blend of rural charm and access to urban amenities, making it attractive to both families and professionals.

Fair Market Rent (FMR) for the metro area in fiscal year 2026: The FMR stands at $1,270, indicating a healthy demand for affordable housing units.
Market Rent (Census ACS): The average rent in the area is $1,112, suggesting that the actual rental rates are slightly below the FMR, which could be beneficial for landlords looking to offer competitive pricing.
Median Home Value: The median home value in ZIP 05853 is $317,006, reflecting a moderate cost of living and a reasonable investment opportunity for property owners.
Renter Share: Renters make up 16.4% of the local housing market, showing that while homeownership is predominant, there is still a significant portion of the population relying on rentals.
Median Income: With a median income of $91,250, the area supports a diverse economic base, including middle-income households who might seek affordable rental options.

Synthesizing these data points, ZIP 05853 presents a balanced market for real estate investors. The demand for affordable housing is evident, with the FMR exceeding the market rent, providing a margin for landlords to adjust their pricing without alienating potential tenants. The median home value indicates a stable property investment environment, while the renter share suggests that there is room for growth in the rental sector. Given the median income, the area can sustain a range of rental prices, but landlords should focus on affordability to cater to the majority of residents. Overall, this ZIP code offers a promising landscape for those interested in investing in the real estate market, particularly in rental properties that align with the affordable housing needs of the community.

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.