FY2027 Small Area FMR · South Burlington, VT

ZIP 05403 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05403 (South Burlington, VT) is $2,410 a month, unchanged from FY2026. That is 11% above the Burlington-South Burlington, VT area-wide FMR of $2,165.

2-bedroom SAFMR$2,410per month ■ 0.0%

Area-wide 2 BR FMR$2,165Burlington-South Burlington,

Rank in the area4thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,169

2 BR Small Area FMR$2,410

110% of SAFMR$2,651

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,730▲ 2.4%

1 BR$1,910▲ 2.7%

2 BR$2,410■ 0.0%

3 BR$3,040▼ 1.6%

4 BR$3,170▼ 0.6%

FY2027 FY2026

Where 05403 sits in the Burlington-South Burlington, VT area

Of the 51 ZIP codes HUD lists for the area, 05403 has the 4th highest two-bedroom Small Area FMR. Burlington-South Burlington, VT is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,165 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,410 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,730	$1,557 – $1,903	$1,550	$1,690
1 bedroom	$1,910	$1,719 – $2,101	$1,719	$1,860
2 bedrooms	$2,410	$2,169 – $2,651	$2,165	$2,410
3 bedrooms	$3,040	$2,736 – $3,344	$2,733	$3,090
4 bedrooms	$3,170	$2,853 – $3,487	$2,845	$3,190

A household renting a two-bedroom home at the Small Area FMR of $2,410 needs about $96,400 a year to keep housing costs at 30% of income. The area median family income is $123,400 and the 80% low-income limit for four people is $99,750. ZIP code 05403 lies mainly in Chittenden County. See the Burlington-South Burlington, VT metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
05405	Burlington	2.3 mi	$2,420
05401	Burlington	2.8 mi	$2,420
05439	Colchester	3.5 mi	$2,060
05404	Winooski	3.5 mi	$2,320
05495	Williston	4.0 mi	$2,410
05482	Shelburne	4.8 mi	$1,940

Questions

What is the Fair Market Rent for ZIP code 05403?

HUD's FY2027 Small Area Fair Market Rents for 05403 are $1,730 (studio), $1,910 (1 BR), $2,410 (2 BR), $3,040 (3 BR) and $3,170 (4 BR) a month.

What is the Section 8 payment standard in 05403?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05403 that range is $2,169 to $2,651 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05403?

The FY2026 income limits of the Burlington-South Burlington, VT area apply: median family income $123,400, low-income (80%) limit $99,750 for a family of four.