FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR
0.84ratio
FMR$1,780
Market$2,120
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR
0.89ratio
FMR$2,240
Market$2,520
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
0.90ratio
FMR$2,830
Market$3,130
vs market-$300
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR
0.86ratio
FMR$2,940
Market$3,420
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.86
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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ZIP 05453 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05453 (Essex Junction, VT) is $2,240 a month. That is up 1.4% from $2,210 in FY 2026. Essex Junction 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, 05453 is tied for the 9th-highest two-bedroom rent (county range $1,930–$2,630). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05453 is 43% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 05453
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,550
$1,600
+3.2%
$1,440–$1,760
1BR
$1,710
$1,780
+4.1%
$1,602–$1,958
2BR
$2,210
$2,240
+1.4%
$2,016–$2,464
3BR
$2,840
$2,830
−0.4%
$2,547–$3,113
4BR
$2,930
$2,940
+0.3%
$2,646–$3,234
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 05453
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,600
$1,780
$2,240
$2,830
$2,940
FY 2026
$1,550
$1,710
$2,210
$2,840
$2,930
FY 2025
$1,430
$1,520
$2,000
$2,570
$2,650
FY 2024
$1,390
$1,490
$1,950
$2,470
$2,600
FY 2023
$1,180
$1,280
$1,670
$2,050
$2,240
Two-bedroom rent in nearby Chittenden County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 05453?
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 $2,240 it would be $2,016 to $2,464. 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 05453 in?
ZIP 05453 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 05453 for FY 2027?
The two-bedroom FMR rose 1.4%, from $2,210 in FY 2026 to $2,240 in FY 2027. Since FY 2023 it has risen 34.1%.
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