Location: Essex County, VT | Metro: Essex County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
To determine if a landlord should buy in ZIP code 05901 for Section 8 purposes, follow these steps:
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. However, without knowing the specific property type and its associated debt service costs, it's impossible to definitively state whether this amount clears the debt service. This will depend on the individual property's mortgage, insurance, taxes, and maintenance expenses.
The market rent in ZIP 05901 is currently unknown. To make an informed decision, you must compare the market rent against the FMR of $1,020. If the market rent is above $1,020, it indicates a potentially lucrative non-Section 8 rental market. If it's at or below $1,020, then focusing on Section 8 might be more feasible.
The demand in ZIP 05901 is characterized by 0.0% of renters being eligible for Section 8, and an unknown number of days on the market (DOM). With 0.0% of renters eligible for Section 8, there is virtually no demand for properties under this program. Even if the DOM figure were high, indicating slow sales or rentals, the lack of eligible renters means that Section 8 would not be a viable option for investment.
Decision Outcome:
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.