Location: Orleans County, VT | Metro: Orleans County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,370 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,450 |
| 5 Bedrooms | $2,842 |
| 6 Bedrooms | $3,183 |
| 7 Bedrooms | $3,438 |
| 8 Bedrooms | $3,610 |
U.S. Census Bureau data (2024)
The market in ZIP code 05859 presents a dynamic environment that is indicative of certain housing pressures and trends. The Fair Market Rent (FMR) set at $1,530 for the fiscal year 2026 reflects the federal guideline for what is considered a reasonable rental rate in the area. However, the current market rent, as per Census ACS data, stands significantly lower at $725. This discrepancy suggests that the actual rental rates are below the federally recommended levels, which could indicate either an oversupply of rental units or a segment of the market that is particularly price-sensitive.
The median home value of $365,319 provides insight into the overall economic profile of the area. While this figure alone doesn't directly speak to the rental market dynamics, it can influence how landlords price their properties and the types of investments that might be attractive to small-portfolio investors.
A notable point is the 11.6% renter share, which is relatively low compared to many metropolitan areas. This percentage indicates that a smaller portion of the population opts for renting over homeownership. In the context of long-term housing pressure, this suggests that there might be less immediate demand for rental properties, potentially leading to a market where supply slightly outpaces demand. Landlords and investors must consider this when evaluating the potential for rental income growth and property appreciation in the area.
However, the absence of data on price-cut share and days on market (DOM) means we cannot conclusively state the exact balance between supply and demand. These metrics would provide more detailed insight into how quickly rental properties are filling up and whether landlords are frequently having to reduce rents to attract tenants. Despite this lack of detail, the lower market rent relative to FMR and the modest renter share suggest a market where competition among landlords for tenants is present, but not overwhelming.
In summary, ZIP 05859 appears to be a market where the rental segment is somewhat stable, with a slight indication of supply outpacing demand due to the lower renter share and current market rent levels. For investors, this means careful consideration of pricing strategies and possibly targeting specific segments of the rental market to maximize occupancy and returns.
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.