FY2027 Small Area FMR · Burlington, VT

ZIP 05408 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05408 (Burlington, VT) is $2,260 a month, up 1.8% from FY2026. That is 4% above the Burlington-South Burlington, VT area-wide FMR of $2,165.

2-bedroom SAFMR$2,260per month ▲ 1.8%

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

Rank in the area8thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,034

2 BR Small Area FMR$2,260

110% of SAFMR$2,486

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

Studio$1,620▲ 4.5%

1 BR$1,790▲ 4.7%

2 BR$2,260▲ 1.8%

3 BR$2,850■ 0.0%

4 BR$2,970▲ 1.0%

FY2027 FY2026

Where 05408 sits in the Burlington-South Burlington, VT area

Of the 51 ZIP codes HUD lists for the area, 05408 has the 8th 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 $2,260 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	$1,620	$1,458 – $1,782	$1,550	$1,550
1 bedroom	$1,790	$1,611 – $1,969	$1,719	$1,710
2 bedrooms	$2,260	$2,034 – $2,486	$2,165	$2,220
3 bedrooms	$2,850	$2,565 – $3,135	$2,733	$2,850
4 bedrooms	$2,970	$2,673 – $3,267	$2,845	$2,940

A household renting a two-bedroom home at the Small Area FMR of $2,260 needs about $90,400 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 05408 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
05401	Burlington	3.1 mi	$2,420
05404	Winooski	3.4 mi	$2,320
05405	Burlington	3.7 mi	$2,420
05446	Colchester	3.8 mi	$1,970
05439	Colchester	4.3 mi	$2,060
05403	South Burlington	6.0 mi	$2,410

Questions

What is the Fair Market Rent for ZIP code 05408?

HUD's FY2027 Small Area Fair Market Rents for 05408 are $1,620 (studio), $1,790 (1 BR), $2,260 (2 BR), $2,850 (3 BR) and $2,970 (4 BR) a month.

What is the Section 8 payment standard in 05408?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05408 that range is $2,034 to $2,486 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05408?

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.