The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Burlington, VT 05401's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 05401 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,287 to a high of $1,573, with an average of $1,430.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,377, a maximum of $1,683, and an average of $1,530.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,809, peaking at a maximum of $2,211, and averaging at $2,010.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,295, a maximum of $2,805, and an average of $2,550.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,412 to a maximum of $2,948, with an average of $2,680.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Burlington, VT 5401 Low Rent (90%) $1,287 $1,377 $1,809 $2,295 $2,412
Average Rent $1,430 $1,530 $2,010 $2,550 $2,680
High Rent(110%) $1,573 $1,683 $2,211 $2,805 $2,948
2023 Burlington, VT 5401 Low Rent (90%) $1,107 $1,197 $1,566 $1,926 $2,106
Average Rent $1,230 $1,330 $1,740 $2,140 $2,340
High Rent (110%) $1,353 $1,463 $1,914 $2,354 $2,574
2022 Burlington, VT 5401 Low Rent (90%) $990 $1,116 $1,440 $1,782 $1,953
Average Rent $1,100 $1,240 $1,600 $1,980 $2,170
High Rent(110%) $1,210 $1,364 $1,760 $2,178 $2,387
2021 Burlington, VT 5401 Low Rent (90%) $1,026 $1,188 $1,530 $1,899 $2,079
Average Rent $1,140 $1,320 $1,700 $2,110 $2,310
High Rent (110%) $1,254 $1,452 $1,870 $2,321 $2,541
2020 Burlington, VT 5401 Low Rent (90%) $954 $1,134 $1,458 $1,827 $1,971
Average Rent $1,060 $1,260 $1,620 $2,030 $2,190
High Rent(110%) $1,166 $1,386 $1,782 $2,233 $2,409
2019 Burlington, VT 5401 Low Rent (90%) $918 $1,107 $1,422 $1,854 $1,926
Average Rent $1,020 $1,230 $1,580 $2,060 $2,140
High Rent (110%) $1,122 $1,353 $1,738 $2,266 $2,354


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