Location: Orleans County, VT | Metro: Essex County, VT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
1100 - The Fair Market Rent (FMR) for ZIP code 05907 in the metro area for fiscal year 2026 is set at $1,100. This figure represents the maximum amount landlords can charge tenants participating in the Section 8 program. 218900 - Despite a median home value of $218,900, the local rental market shows little activity, indicated by a 0.0% renter share, suggesting homeownership is dominant in this area. 65625 - With a median income of $65,625, residents in 05907 have a strong financial standing, which could support higher rents if the market were more active. However, due to the lack of available rental data, it's challenging to provide a precise Days on Market (DOM) or the percentage of homes that have had their prices cut.
1100 - Landlords in ZIP 05907 should note that the $1,100 FMR is likely lower than what they might charge in a more active rental market. 218900 - Given the high median home value, there is potential for higher-end rentals that could command premiums above the FMR. 65625 - The substantial median income supports the possibility of attracting tenants willing to pay more for quality housing. However, the absence of rental market specifics means landlords must rely on broader economic indicators and possibly adjust expectations based on the low renter share.
1100 - For small-portfolio investors considering Section 8 participation, the $1,100 FMR is a starting point, but the overall market dynamics suggest a need for caution. 218900 - While the high median home value indicates a robust local economy, the limited rental activity and the need for thorough tenant screening could pose challenges. 65625 - Investors should leverage the strong median income to explore alternative rental strategies or consider other areas with higher renter shares for potentially better returns.
1100 - In conclusion, while the $1,100 FMR provides a clear guideline for Section 8 rentals, the unique characteristics of ZIP 05907 make it a less favorable option for such investments compared to areas with more active rental markets.
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.