FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 05661
0.77ratio
FMR$1,270
Market$1,640
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 05661
0.78ratio
FMR$1,580
Market$2,030
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 05661
1.05ratio
FMR$2,190
Market$2,090
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 05661
1.15ratio
FMR$2,190
Market$1,900
vs market+$290
FMR is above market; underwrite to market rent.
1.15
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Morrisville, VT fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Morrisville, VT is $1,580 a month. That is up 18.8% from $1,330 in FY 2026. Morrisville is in the Lamoille County, VT non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,535.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Morrisville, VT
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,270
+30.9%
$1,143–$1,397
1BR
$1,050
$1,270
+21.0%
$1,143–$1,397
2BR
$1,330
$1,580
+18.8%
$1,422–$1,738
3BR
$1,840
$2,190
+19.0%
$1,971–$2,409
4BR
$1,850
$2,190
+18.4%
$1,971–$2,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Morrisville, VT
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,270
$1,580
$2,190
$2,190
FY 2026
$970
$1,050
$1,330
$1,840
$1,850
FY 2025
$850
$940
$1,230
$1,650
$1,660
FY 2024area FMR
$913
$983
$1,291
$1,713
$1,719
FY 2023area FMR
$874
$880
$1,158
$1,544
$1,556
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Morrisville, VT rents
How much will Section 8 pay for a two-bedroom in Morrisville, VT?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,535, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,382 to $1,689 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Morrisville, VT in?
Morrisville, VT is in the Lamoille County, VT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,535.
How much did fair market rent change in Morrisville, VT for FY 2027?
The two-bedroom FMR rose 18.8%, from $1,330 in FY 2026 to $1,580 in FY 2027. Since FY 2025 it has risen 28.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set