Vermont (VT)
STATESAFMRState Median Investment Score
74Below average
| BR | Rent | 3Y CAGR |
|---|---|---|
| 0 BR | $914 - $1,550▲Median: $1,196 | 7.0% |
| 1 BR | $1,072 - $1,719▲Median: $1,329 | 6.1% |
| 2 BR | $1,167 - $2,165▲Median: $1,558 | 7.1% |
| 3 BR | $1,616 - $2,733▲Median: $2,018 | 5.7% |
| 4 BR | $1,834 - $2,845▲Median: $2,218 | 7.4% |
Market Alignment
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
Bedroom curve
Counties
Ranked by Investment Score (vs state median)
County map
Vermont fair market rent by county, FY 2027
HUD's FY 2027 fair market rents cover 14 counties in Vermont. The median county two-bedroom FMR is $1,570. That is up 15.2% from $1,362 in FY 2026. Two-bedroom FMRs run from $1,167 in Essex County to $2,165 in Chittenden County. One HUD metropolitan FMR area covers 3 of those counties; each county in the same metro area shares one FMR. No area in Vermont is required to use Small Area FMRs.
Two-bedroom FMR by county
| County | 2BR | Change | HUD FMR area |
|---|---|---|---|
| Chittenden County | $2,165 | +1.2% | Burlington-South Burlington, VT MSA |
| Franklin County | $2,165 | +1.2% | Burlington-South Burlington, VT MSA |
| Grand Isle County | $2,165 | +1.2% | Burlington-South Burlington, VT MSA |
| Washington County | $1,783 | +20.3% | Non-metro |
| Addison County | $1,636 | +13.8% | Non-metro |
| Windham County | $1,605 | +12.8% | Non-metro |
| Orange County | $1,581 | +16.1% | Non-metro |
| Windsor County | $1,558 | +14.4% | Non-metro |
| Rutland County | $1,541 | +14.6% | Non-metro |
| Lamoille County | $1,535 | +14.1% | Non-metro |
| Bennington County | $1,503 | +15.9% | Non-metro |
| Orleans County | $1,363 | +15.1% | Non-metro |
| Caledonia County | $1,327 | +14.5% | Non-metro |
| Essex County | $1,167 | +15.9% | Non-metro |
Questions about Vermont rents
What is the fair market rent in Vermont?
HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Vermont is $1,570. Look up the county or ZIP code to see the value that applies to a specific property.
Which Vermont counties have the highest fair market rent?
For FY 2027, the highest two-bedroom FMRs are in Chittenden County ($2,165), Franklin County ($2,165), Grand Isle County ($2,165).
Does Vermont use Small Area Fair Market Rents?
No area in Vermont is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.
Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.
Data source: U.S. Department of Housing and Urban Development (HUD)
Fiscal Year 2027