FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 05663
0.81ratio
FMR$1,320
Market$1,630
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 05663
0.97ratio
FMR$1,730
Market$1,790
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 05663
1.14ratio
FMR$2,160
Market$1,890
vs market+$270
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 05663
1.12ratio
FMR$2,270
Market$2,030
vs market+$240
FMR is above market; underwrite to market rent.
1.12
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
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Northfield, VT fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Northfield, VT is $1,730 a month. That is up 29.1% from $1,340 in FY 2026. Northfield is in the Orange 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 $1,581. The median county two-bedroom FMR in Vermont is $1,570, so Northfield is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Northfield, VT
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,200
+18.8%
$1,080–$1,320
1BR
$1,020
$1,320
+29.4%
$1,188–$1,452
2BR
$1,340
$1,730
+29.1%
$1,557–$1,903
3BR
$1,650
$2,160
+30.9%
$1,944–$2,376
4BR
$1,780
$2,270
+27.5%
$2,043–$2,497
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Northfield, VT
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,200
$1,320
$1,730
$2,160
$2,270
FY 2026
$1,010
$1,020
$1,340
$1,650
$1,780
FY 2025
$940
$1,000
$1,310
$1,650
$1,780
FY 2024area FMR
$976
$1,003
$1,244
$1,601
$1,671
FY 2023area FMR
$852
$857
$1,125
$1,427
$1,511
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Northfield, VT rents
How much will Section 8 pay for a two-bedroom in Northfield, VT?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,581, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,423 to $1,739 a month; under the ZIP-level Small Area FMR of $1,730 it would be $1,557 to $1,903. 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 Northfield, VT in?
Northfield, VT is in the Orange County, VT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,581.
How much did fair market rent change in Northfield, VT for FY 2027?
The two-bedroom FMR rose 29.1%, from $1,340 in FY 2026 to $1,730 in FY 2027. Since FY 2025 it has risen 32.1%.
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