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Washington County/Montpelier/05602

05602

ZIPSAFMR
Washington County, VT
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,350
1 BR$1,430$1,350
2 BR$1,870$1,620
3 BR$2,340$1,730
4 BR$2,460$1,600
5 BR$2,829Not available
6 BR$3,253Not available
7 BR$3,741Not available
8 BR$4,303Not available

Purchase Price Calculator

Maximum purchase price
$178,815

Cost breakdown

+Likely effective rent$1,620
HUD FMR$1,870
Market rentUsed$1,620
Est. payment standard (91%)$1,710
-Principal and interest-$904
Loan amount$143,052
Down payment$35,763
Rate6.50%
Term30 years
-Operating costs-$516
Property taxes-$179
Insurance-$175
Utilities$0
HOA$0
Management-$162
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,074(72.9% ROI)
Projected value
$192,564
Return breakdown
Property appreciation+$13,749
Loan principal paid down+$5,125
Rental cash flow+$7,200
5-year hold
+$44,637(124.8% ROI)
Projected value
$202,313
Return breakdown
Property appreciation+$23,498
Loan principal paid down+$9,140
Rental cash flow+$12,000
10-year hold
+$95,861(268.0% ROI)
Projected value
$228,898
Return breakdown
Property appreciation+$50,083
Loan principal paid down+$21,778
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
1.06
2 BR
1.15
3 BR
1.35
4 BR
1.54
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 05602 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05602 (Montpelier, VT) is $1,870 a month. That is up 19.1% from $1,570 in FY 2026. Montpelier is in the Washington 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 $1,783. Among 33 ZIP codes in Washington County, 05602 has the 10th-highest two-bedroom rent (county range $1,340–$2,670). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05602 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05602
BedroomsFY 2027Change90–110% range
Studio$1,300+9.2%$1,170–$1,430
1BR$1,430+19.2%$1,287–$1,573
2BR$1,870+19.1%$1,683–$2,057
3BR$2,340+21.2%$2,106–$2,574
4BR$2,460+18.3%$2,214–$2,706

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05602
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,430$1,870$2,340$2,460
FY 2026$1,190$1,200$1,570$1,930$2,080
FY 2025$1,160$1,170$1,530$1,900$2,130
FY 2024area FMR$985$1,106$1,453$1,832$1,975
FY 2023area FMR$839$953$1,255$1,584$1,690

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

Two-bedroom rent in nearby Washington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 05602
05601$1,780−4.8%
05602Current$1,870—
05609$1,780−4.8%
05620$1,780−4.8%
05633$1,780−4.8%
05640$1,910+2.1%
05641$1,680−10.2%
05647$1,790−4.3%
05648$1,780−4.8%
05649$1,590−15.0%
05650$2,670+42.8%
05651$1,520−18.7%

Questions about ZIP 05602 rents

How much will Section 8 pay for a two-bedroom in ZIP 05602?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,783, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,605 to $1,961 a month; under the ZIP-level Small Area FMR of $1,870 it would be $1,683 to $2,057. 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 05602 in?

ZIP 05602 is in the Washington County, VT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,783.

How much did fair market rent change in ZIP 05602 for FY 2027?

The two-bedroom FMR rose 19.1%, from $1,570 in FY 2026 to $1,870 in FY 2027. Since FY 2025 it has risen 22.2%.

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