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Washington County/East Montpelier/05651

05651

ZIPSAFMR
Washington County, VT
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,060$1,170
1 BR$1,160$1,280
2 BR$1,520$1,640
3 BR$1,900$2,030
4 BR$2,000$2,030
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$181,787

Cost breakdown

+Likely effective rent$1,640
HUD FMR$1,520
Market rent$1,700
Est. payment standard (108%)Used$1,640
-Principal and interest-$919
Loan amount$145,429
Down payment$36,357
Rate6.50%
Term30 years
-Operating costs-$521
Property taxes-$182
Insurance-$175
Utilities$0
HOA$0
Management-$164
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,388(72.6% ROI)
Projected value
$195,765
Return breakdown
Property appreciation+$13,978
Loan principal paid down+$5,210
Rental cash flow+$7,200
5-year hold
+$45,180(124.3% ROI)
Projected value
$205,675
Return breakdown
Property appreciation+$23,888
Loan principal paid down+$9,292
Rental cash flow+$12,000
10-year hold
+$97,056(266.9% ROI)
Projected value
$232,703
Return breakdown
Property appreciation+$50,916
Loan principal paid down+$22,140
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.83
2 BR
0.89
3 BR
0.90
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 05651 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05651 (East Montpelier, VT) is $1,520 a month. That is up 13.4% from $1,340 in FY 2026. East 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, 05651 has the 29th-highest two-bedroom rent (county range $1,340–$2,670). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05651 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05651
BedroomsFY 2027Change90–110% range
Studio$1,060+5.0%$954–$1,166
1BR$1,160+13.7%$1,044–$1,276
2BR$1,520+13.4%$1,368–$1,672
3BR$1,900+15.2%$1,710–$2,090
4BR$2,000+7.5%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05651
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,160$1,520$1,900$2,000
FY 2026$1,010$1,020$1,340$1,650$1,860
FY 2025$1,120$1,130$1,480$1,830$2,060
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. 05651
05640$1,910+25.7%
05641$1,680+10.5%
05647$1,790+17.8%
05648$1,780+17.1%
05649$1,590+4.6%
05650$2,670+75.7%
05651Current$1,520—
05654$1,610+5.9%
05658$1,830+20.4%
05660$1,990+30.9%
05663$1,730+13.8%
05664$1,780+17.1%

Questions about ZIP 05651 rents

How much will Section 8 pay for a two-bedroom in ZIP 05651?

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 $1,520 it would be $1,368 to $1,672. 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 05651 in?

ZIP 05651 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 05651 for FY 2027?

The two-bedroom FMR rose 13.4%, from $1,340 in FY 2026 to $1,520 in FY 2027. Since FY 2025 it has risen 2.7%.

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