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Franklin County/Highgate Center/05459

05459

ZIPSAFMR
Franklin County, VT
Zillow

ZIP Investment Score

119Above average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,390
1 BR$1,540$1,540
2 BR$1,940$1,940
3 BR$2,480$2,480
4 BR$2,550$2,550
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$226,367

Cost breakdown

+Likely effective rent$1,940
HUD FMRUsed$1,940
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,145
Loan amount$181,093
Down payment$45,273
Rate6.50%
Term30 years
-Operating costs-$595
Property taxes-$226
Insurance-$175
Utilities$0
HOA$0
Management-$194
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,094(68.7% ROI)
Projected value
$243,772
Return breakdown
Property appreciation+$17,405
Loan principal paid down+$6,488
Rental cash flow+$7,200
5-year hold
+$53,317(117.8% ROI)
Projected value
$256,113
Return breakdown
Property appreciation+$29,746
Loan principal paid down+$11,570
Rental cash flow+$12,000
10-year hold
+$114,971(253.9% ROI)
Projected value
$289,769
Return breakdown
Property appreciation+$63,402
Loan principal paid down+$27,569
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 05459 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05459 (Highgate Center, VT) is $1,940 a month. That is down 0.5% from $1,950 in FY 2026. Highgate Center 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 20 ZIP codes in Franklin County, 05459 has the 5th-highest two-bedroom rent (county range $1,930–$2,200). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05459 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05459
BedroomsFY 2027Change90–110% range
Studio$1,390+1.5%$1,251–$1,529
1BR$1,540+2.0%$1,386–$1,694
2BR$1,940−0.5%$1,746–$2,134
3BR$2,480−1.2%$2,232–$2,728
4BR$2,550−1.5%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05459
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,540$1,940$2,480$2,550
FY 2026$1,370$1,510$1,950$2,510$2,590
FY 2025$1,220$1,310$1,710$2,210$2,280
FY 2024$1,070$1,150$1,510$1,910$2,010
FY 2023$930$1,050$1,350$1,670$1,840

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 05459
05447$1,930−0.5%
05448$1,930−0.5%
05450$1,930−0.5%
05454$1,930−0.5%
05455$1,930−0.5%
05457$1,990+2.6%
05459Current$1,940—
05460$1,930−0.5%
05464$1,930−0.5%
05468$2,200+13.4%
05470$1,930−0.5%
05471$1,930−0.5%

Questions about ZIP 05459 rents

How much will Section 8 pay for a two-bedroom in ZIP 05459?

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 $1,940 it would be $1,746 to $2,134. 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 05459 in?

ZIP 05459 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 05459 for FY 2027?

The two-bedroom FMR fell 0.5%, from $1,950 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 43.7%.

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 rentHighgate Center, VT fair market rentVT statewide rentsWhat is SAFMR?Data sources