Section 8 Fair Market Rent (FMR) for ZIP 05904 - 2027

Location: Essex County, VT | Metro: Essex County, VT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$960
1 Bedroom	$1,080
2 Bedrooms	$1,230
3 Bedrooms	$1,670
4 Bedrooms	$1,840
5 Bedrooms	$2,134
6 Bedrooms	$2,390
7 Bedrooms	$2,581
8 Bedrooms	$2,710

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

187

Median Household Income

$54,722

Housing Units

155

Renter Percentage

34.1%

Occupancy Rate

56.8%

Renter Occupied

ZIP code 05904, located in Vermont, is a small community that offers a blend of rural charm and access to urban amenities, making it an attractive location for both residents and investors.

The Fair Market Rent (FMR) for the area is set at $1,170 per month for the fiscal year 2026, indicating the government's benchmark for rental prices.
The market rent, based on Census American Community Survey (ACS) data, stands at $1,279 per month, slightly above the FMR, reflecting a competitive local rental market.
The median home value is currently not available, suggesting a limited supply of homes for sale or a lack of recent transactions.
Renters make up 34.1% of the population, showing a significant demand for rental properties in the area.
The median income for residents is $54,722 annually, which provides insight into the economic profile of potential tenants.

Given the data points, landlords and small-portfolio investors can expect a stable rental market in ZIP 05904, with rents slightly exceeding the government's FMR. The high percentage of renters indicates strong demand for rental properties, and the median income suggests that tenants have the financial capability to afford monthly rents around $1,279. However, the lack of data on median home values and days on market (DOM) means that there is limited information on the broader housing market dynamics. Investors should focus on properties that meet the needs of the local tenant base and aim to offer competitive rents to ensure occupancy and returns. Additionally, understanding the local economy beyond just median income can provide further assurance of the stability and growth potential of rental investments in this area.

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.