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Washington County/Montpelier/05603

05603

ZIPFMR
Washington County, VT
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,242$1,370
1 BR$1,363$1,500
2 BR$1,783$1,790
3 BR$2,230$1,880
4 BR$2,343$2,020
5 BR$2,694Not available
6 BR$3,099Not available
7 BR$3,563Not available
8 BR$4,098Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,783
Market rent$1,800
Est. payment standard (101%)Used$1,790
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.85
2 BR
0.99
3 BR
1.19
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 05603 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 05603 (Montpelier, VT) is $1,783 a month. That is up 20.3% from $1,482 in FY 2026. Montpelier is in the Washington County, VT non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05603 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05603
BedroomsFY 2027Change90–110% range
Studio$1,242+10.7%$1,118–$1,366
1BR$1,363+20.7%$1,227–$1,499
2BR$1,783+20.3%$1,605–$1,961
3BR$2,230+22.3%$2,007–$2,453
4BR$2,343+19.4%$2,109–$2,577

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05603
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,242$1,363$1,783$2,230$2,343
FY 2026$1,122$1,129$1,482$1,824$1,962
FY 2025$1,075$1,082$1,419$1,763$1,977
FY 2024$985$1,106$1,453$1,832$1,975
FY 2023$839$953$1,255$1,584$1,690

Questions about ZIP 05603 rents

How much will Section 8 pay for a two-bedroom in ZIP 05603?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,783, that basic range is $1,605 to $1,961 a month. 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 05603 in?

ZIP 05603 is in the Washington County, VT non-metropolitan FMR area.

How much did fair market rent change in ZIP 05603 for FY 2027?

The two-bedroom FMR rose 20.3%, from $1,482 in FY 2026 to $1,783 in FY 2027. Since FY 2023 it has risen 42.1%.

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 Fair Market Rents. 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