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Chittenden County/Burlington/05401

05401

ZIPSAFMR
Chittenden County, VT
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,730$1,500
1 BR$1,920$1,710
2 BR$2,420$2,400
3 BR$3,060$3,220
4 BR$3,180$3,500
5 BR$3,657Not available
6 BR$4,206Not available
7 BR$4,836Not available
8 BR$5,562Not available

Purchase Price Calculator

Maximum purchase price
$294,723

Cost breakdown

+Likely effective rent$2,400
HUD FMR$2,420
Market rentUsed$2,400
Est. payment standard (99%)$2,410
-Principal and interest-$1,490
Loan amount$235,778
Down payment$58,945
Rate6.50%
Term30 years
-Operating costs-$710
Property taxes-$295
Insurance-$175
Utilities$0
HOA$0
Management-$240
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,309(65.0% ROI)
Projected value
$317,384
Return breakdown
Property appreciation+$22,661
Loan principal paid down+$8,447
Rental cash flow+$7,200
5-year hold
+$65,793(111.6% ROI)
Projected value
$333,451
Return breakdown
Property appreciation+$38,729
Loan principal paid down+$15,064
Rental cash flow+$12,000
10-year hold
+$142,442(241.7% ROI)
Projected value
$377,270
Return breakdown
Property appreciation+$82,547
Loan principal paid down+$35,895
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.12
2 BR
1.01
3 BR
0.92
4 BR
0.72
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 05401 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05401 (Burlington, VT) is $2,420 a month. That is up 3.4% from $2,340 in FY 2026. Burlington is in the Burlington-South Burlington, VT MSA. 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 metro-wide two-bedroom FMR of $2,165. Among 28 ZIP codes in Chittenden County, 05401 is tied for the 2nd-highest two-bedroom rent (county range $1,930–$2,630). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05401 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05401
BedroomsFY 2027Change90–110% range
Studio$1,730+5.5%$1,557–$1,903
1BR$1,920+6.1%$1,728–$2,112
2BR$2,420+3.4%$2,178–$2,662
3BR$3,060+2.0%$2,754–$3,366
4BR$3,180+2.6%$2,862–$3,498

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05401
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,730$1,920$2,420$3,060$3,180
FY 2026$1,640$1,810$2,340$3,000$3,100
FY 2025$1,450$1,550$2,040$2,630$2,700
FY 2024$1,430$1,530$2,010$2,550$2,680
FY 2023$1,230$1,330$1,740$2,140$2,340

Two-bedroom rent in nearby Chittenden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 05401
05401Current$2,420—
05402$2,240−7.4%
05403$2,410−0.4%
05404$2,320−4.1%
05405$2,4200.0%
05406$2,240−7.4%
05407$2,240−7.4%
05408$2,260−6.6%
05439$2,060−14.9%
05445$2,020−16.5%
05446$1,970−18.6%
05449$2,240−7.4%

Questions about ZIP 05401 rents

How much will Section 8 pay for a two-bedroom in ZIP 05401?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,165, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,949 to $2,382 a month; under the ZIP-level Small Area FMR of $2,420 it would be $2,178 to $2,662. 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 05401 in?

ZIP 05401 is in the Burlington-South Burlington, VT MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,165.

How much did fair market rent change in ZIP 05401 for FY 2027?

The two-bedroom FMR rose 3.4%, from $2,340 in FY 2026 to $2,420 in FY 2027. Since FY 2023 it has risen 39.1%.

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

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