Location: Orleans County, VT | Metro: Caledonia County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,410 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,240 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
U.S. Census Bureau data (2024)
The ZIP code 05871 stands out due to its unique demographic and economic characteristics. With a total population of 1,524 residents, only 6.8% are renters, indicating a predominantly owner-occupied community. The median income here is $74,572, reflecting a relatively affluent area. This is further supported by the median home value of $301,537, which is notably high compared to national averages.
Turning to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,540. However, the actual market rent based on Census ACS data is significantly lower at $655. This disparity means that landlords in ZIP 05871 can potentially benefit from the higher FMR rates when accepting Section 8 vouchers. It also suggests that there is room for rental prices to rise without being unreasonably high for tenants, especially those relying on government assistance.
The data signature for ZIP 05871 reads as stable. The low percentage of renters combined with the high median income and home values indicates a community where homeownership is the norm, and the economy is steady. While the voucher program presents an opportunity for landlords to receive higher rents, the overall stability of the area suggests that it is a safe bet for both landlords and investors looking for a secure investment environment.
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.