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Windsor County/Springfield/05156

05156

ZIPSAFMR
Windsor County, VT
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,190$1,220
1 BR$1,190$1,240
2 BR$1,400$1,440
3 BR$1,830$1,540
4 BR$1,910$1,790
5 BR$2,197Not available
6 BR$2,526Not available
7 BR$2,905Not available
8 BR$3,341Not available

Purchase Price Calculator

Maximum purchase price
$152,067

Cost breakdown

+Likely effective rent$1,440
HUD FMR$1,400
Market rent$1,460
Est. payment standard (103%)Used$1,440
-Principal and interest-$769
Loan amount$121,654
Down payment$30,413
Rate6.50%
Term30 years
-Operating costs-$471
Property taxes-$152
Insurance-$175
Utilities$0
HOA$0
Management-$144
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,251(76.5% ROI)
Projected value
$163,759
Return breakdown
Property appreciation+$11,693
Loan principal paid down+$4,359
Rental cash flow+$7,200
5-year hold
+$39,755(130.7% ROI)
Projected value
$172,050
Return breakdown
Property appreciation+$19,983
Loan principal paid down+$7,772
Rental cash flow+$12,000
10-year hold
+$85,112(279.9% ROI)
Projected value
$194,659
Return breakdown
Property appreciation+$42,592
Loan principal paid down+$18,520
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.94
2 BR
0.96
3 BR
1.19
4 BR
1.07
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 05156 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05156 (Springfield, VT) is $1,400 a month. That is up 12.0% from $1,250 in FY 2026. Springfield is in the Windsor 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 $1,558. Among 44 ZIP codes in Windsor County, 05156 is tied for the 39th-highest two-bedroom rent (county range $1,300–$1,900). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05156 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05156
BedroomsFY 2027Change90–110% range
Studio$1,190+11.2%$1,071–$1,309
1BR$1,190+11.2%$1,071–$1,309
2BR$1,400+12.0%$1,260–$1,540
3BR$1,830+11.6%$1,647–$2,013
4BR$1,910+13.0%$1,719–$2,101

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05156
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,190$1,400$1,830$1,910
FY 2026$1,070$1,070$1,250$1,640$1,690
FY 2025$1,020$1,030$1,210$1,560$1,610
FY 2024area FMR$1,039$1,136$1,300$1,725$1,731
FY 2023area FMR$841$982$1,129$1,536$1,542

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Windsor County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 05156
05088$1,820+30.0%
05089$1,490+6.4%
05091$1,720+22.9%
05142$1,760+25.7%
05143$1,4000.0%
05148$1,590+13.6%
05149$1,450+3.6%
05150$1,380−1.4%
05151$1,330−5.0%
05153$1,650+17.9%
05156Current$1,400—
05161$1,590+13.6%

Questions about ZIP 05156 rents

How much will Section 8 pay for a two-bedroom in ZIP 05156?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,558, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,402 to $1,714 a month; under the ZIP-level Small Area FMR of $1,400 it would be $1,260 to $1,540. 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 ZIP 05156 in?

ZIP 05156 is in the Windsor County, VT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,558.

How much did fair market rent change in ZIP 05156 for FY 2027?

The two-bedroom FMR rose 12.0%, from $1,250 in FY 2026 to $1,400 in FY 2027. Since FY 2025 it has risen 15.7%.

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

County fair market rentSpringfield, VT fair market rentVT statewide rentsWhat is SAFMR?Data sources