FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR
1.22ratio
FMR$1,650
Market$1,350
vs market+$300
FMR is above market; underwrite to market rent.
1.22
2 BR
2 BR
1.31ratio
FMR$2,150
Market$1,640
vs market+$510
FMR is above market; underwrite to market rent.
1.31
3 BR
3 BR
1.32ratio
FMR$2,690
Market$2,040
vs market+$650
FMR is above market; underwrite to market rent.
1.32
4 BR
4 BR
1.74ratio
FMR$2,830
Market$1,630
vs market+$1,200
FMR is above market; underwrite to market rent.
1.74
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 05666 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05666 (North Montpelier, VT) is $2,150 a month. That is up 19.4% from $1,800 in FY 2026. North 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, 05666 has the 5th-highest two-bedroom rent (county range $1,340–$2,670). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05666 is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 05666
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,500
+9.5%
$1,350–$1,650
1BR
$1,380
$1,650
+19.6%
$1,485–$1,815
2BR
$1,800
$2,150
+19.4%
$1,935–$2,365
3BR
$2,220
$2,690
+21.2%
$2,421–$2,959
4BR
$2,390
$2,830
+18.4%
$2,547–$3,113
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 05666
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,650
$2,150
$2,690
$2,830
FY 2026
$1,370
$1,380
$1,800
$2,220
$2,390
FY 2025
$1,080
$1,080
$1,420
$1,760
$1,980
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
How much will Section 8 pay for a two-bedroom in ZIP 05666?
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 $2,150 it would be $1,935 to $2,365. 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 05666 in?
ZIP 05666 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 05666 for FY 2027?
The two-bedroom FMR rose 19.4%, from $1,800 in FY 2026 to $2,150 in FY 2027. Since FY 2025 it has risen 51.4%.
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