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Lamoille County/Lake Elmore/05657

05657

ZIPFMR
Lamoille County, VT
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,229$1,350
1 BR$1,237$1,360
2 BR$1,535$1,690
3 BR$2,126$2,040
4 BR$2,127$1,840
5 BR$2,446Not available
6 BR$2,813Not available
7 BR$3,235Not available
8 BR$3,720Not available

Purchase Price Calculator

Maximum purchase price
$189,217

Cost breakdown

+Likely effective rent$1,690
HUD FMR$1,535
Market rent$1,960
Est. payment standard (110%)Used$1,690
-Principal and interest-$957
Loan amount$151,373
Down payment$37,843
Rate6.50%
Term30 years
-Operating costs-$533
Property taxes-$189
Insurance-$175
Utilities$0
HOA$0
Management-$169
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,172(71.8% ROI)
Projected value
$203,766
Return breakdown
Property appreciation+$14,549
Loan principal paid down+$5,423
Rental cash flow+$7,200
5-year hold
+$46,536(123.0% ROI)
Projected value
$214,081
Return breakdown
Property appreciation+$24,865
Loan principal paid down+$9,671
Rental cash flow+$12,000
10-year hold
+$100,042(264.4% ROI)
Projected value
$242,214
Return breakdown
Property appreciation+$52,997
Loan principal paid down+$23,045
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.76
2 BR
0.78
3 BR
1.04
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 05657 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 05657 (Lake Elmore, VT) is $1,535 a month. That is up 14.1% from $1,345 in FY 2026. Lake Elmore is in the Lamoille 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 05657 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05657
BedroomsFY 2027Change90–110% range
Studio$1,229+24.6%$1,106–$1,352
1BR$1,237+16.0%$1,113–$1,361
2BR$1,535+14.1%$1,382–$1,689
3BR$2,126+14.2%$1,913–$2,339
4BR$2,127+13.9%$1,914–$2,340

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05657
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,229$1,237$1,535$2,126$2,127
FY 2026$986$1,066$1,345$1,861$1,868
FY 2025$883$974$1,278$1,720$1,726
FY 2024$913$983$1,291$1,713$1,719
FY 2023$874$880$1,158$1,544$1,556

Questions about ZIP 05657 rents

How much will Section 8 pay for a two-bedroom in ZIP 05657?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,535, that basic range is $1,382 to $1,689 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 05657 in?

ZIP 05657 is in the Lamoille County, VT non-metropolitan FMR area.

How much did fair market rent change in ZIP 05657 for FY 2027?

The two-bedroom FMR rose 14.1%, from $1,345 in FY 2026 to $1,535 in FY 2027. Since FY 2023 it has risen 32.6%.

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