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Addison County/Ripton/05766

05766

ZIPSAFMR
Addison County, VT
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,170$1,170
1 BR$1,310$1,310
2 BR$1,660$1,660
3 BR$1,980$1,980
4 BR$2,730$2,730
5 BR$3,139Not available
6 BR$3,610Not available
7 BR$4,152Not available
8 BR$4,775Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMRUsed$1,660
Market rentN/A
Est. payment standardN/A
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 05766 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05766 (Ripton, VT) is $1,660 a month. That is up 16.9% from $1,420 in FY 2026. Ripton is in the Addison 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 $1,636. Among 24 ZIP codes in Addison County, 05766 is tied for the 11th-highest two-bedroom rent (county range $1,300–$2,450). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05766 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05766
BedroomsFY 2027Change90–110% range
Studio$1,170+6.4%$1,053–$1,287
1BR$1,310+18.0%$1,179–$1,441
2BR$1,660+16.9%$1,494–$1,826
3BR$1,980+13.8%$1,782–$2,178
4BR$2,730+30.0%$2,457–$3,003

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05766
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,170$1,310$1,660$1,980$2,730
FY 2026$1,100$1,110$1,420$1,740$2,100
FY 2025$1,080$1,080$1,380$1,730$1,970
FY 2024area FMR$1,017$1,062$1,332$1,741$1,774
FY 2023area FMR$842$947$1,192$1,549$1,601

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

Two-bedroom rent in nearby Addison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 05766
05734$1,620−2.4%
05740$1,640−1.2%
05743$1,530−7.8%
05747$1,420−14.5%
05748$1,300−21.7%
05753$1,6600.0%
05760$1,490−10.2%
05766Current$1,660—
05767$1,300−21.7%
05769$2,450+47.6%
05770$1,500−9.6%
05778$1,430−13.9%

Questions about ZIP 05766 rents

How much will Section 8 pay for a two-bedroom in ZIP 05766?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,636, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,472 to $1,800 a month; under the ZIP-level Small Area FMR of $1,660 it would be $1,494 to $1,826. 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 05766 in?

ZIP 05766 is in the Addison County, VT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,636.

How much did fair market rent change in ZIP 05766 for FY 2027?

The two-bedroom FMR rose 16.9%, from $1,420 in FY 2026 to $1,660 in FY 2027. Since FY 2025 it has risen 20.3%.

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