Location: Essex County, VT | Metro: Essex County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
The recent market trends for ZIP code 05906 highlight several key points. Median house values in this area are below the state average, suggesting that the housing market is somewhat less expensive compared to other parts of Vermont. However, the unemployment rate in 05906 is notably higher than the state average, which could impact the stability of rental income. Despite this, the median household income of $51,106 remains a positive indicator for tenant reliability and consistent cash flow.
Given the low percentage of renters (12.9%) and the absence of data on days on market (DOM), the market does not exhibit characteristics typical of a high-yield/low-stability 'flip-style' market. Instead, the analysis points towards a steady-cashflow zone, albeit with some caution due to the higher unemployment rate. Landlords and small-portfolio investors should expect moderate yields with a focus on maintaining long-term tenancy to ensure stable 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.