Location: Essex County, VT | Metro: Essex County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
The classification of ZIP code 05858 hinges on the balance between yield and stability, using the available data points.
On the yield axis, the FMR (Fair Market Rent) of $1,010 for the fiscal year 2026 stands out. This figure represents the maximum amount a landlord can charge for a rental property under the Section 8 program. Given the median home value of $247,074, we can calculate an approximate rental yield. Assuming a typical rental price of around 1% of the home's value, a property priced at $247,074 would generate approximately $2,471 per month. However, the FMR cap limits this to $1,010, which significantly impacts the potential yield. The yield here is relatively low due to the disparity between the FMR and the potential market rent.
Moving to the stability axis, the ZIP code presents a mixed picture. With only 9.0% of residents being renters, the demand for rental properties is modest. The lack of data on days on market (DOM) makes it challenging to assess how quickly properties can be rented. However, the average income of $66,500 suggests that residents have a reasonable ability to pay rent, which could stabilize the market somewhat.
Considering these factors, ZIP 05858 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The low FMR relative to the home value means that landlords will not achieve high yields. Conversely, while the rental population is small, the stable income levels indicate that tenants are likely to be reliable, thus providing consistent cash flow.
To summarize, the $1,010 FMR is the key figure indicating lower potential yields, whereas the $66,500 average income supports a degree of stability. These conditions suggest that this area is best suited for those seeking reliable, if not exceptionally high, returns on their investment.
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.