FY2027 Small Area FMR · Charlotte, VT

ZIP 05445 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05445 (Charlotte, VT) is $2,020 a month, up 11.0% from FY2026. That is 7% below the Burlington-South Burlington, VT area-wide FMR of $2,165.

2-bedroom SAFMR$2,020per month ▲ 11.0%

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

Rank in the area27thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,818

2 BR Small Area FMR$2,020

110% of SAFMR$2,222

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

Studio$1,430▲ 10.0%

1 BR$1,600▲ 15.1%

2 BR$2,020▲ 11.0%

3 BR$2,500▲ 6.8%

4 BR$2,940▲ 21.5%

FY2027 FY2026

Where 05445 sits in the Burlington-South Burlington, VT area

Of the 51 ZIP codes HUD lists for the area, 05445 has the 27th 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 $2,020 for this ZIP code instead.

ZIP code 05445 crosses more than one HUD area. HUD also lists it under Addison County, VT (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,430	$1,287 – $1,573	$1,550	$1,300
1 bedroom	$1,600	$1,440 – $1,760	$1,719	$1,390
2 bedrooms	$2,020	$1,818 – $2,222	$2,165	$1,820
3 bedrooms	$2,500	$2,250 – $2,750	$2,733	$2,340
4 bedrooms	$2,940	$2,646 – $3,234	$2,845	$2,420

A household renting a two-bedroom home at the Small Area FMR of $2,020 needs about $80,800 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 05445 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
05473	North Ferrisburgh	4.9 mi	$2,110
05482	Shelburne	4.9 mi	$1,940
05461	Hinesburg	6.8 mi	$2,200
05456	Ferrisburgh	6.9 mi	$1,930
12936	Essex	9.1 mi	$1,580
05403	South Burlington	9.6 mi	$2,410

Questions

What is the Fair Market Rent for ZIP code 05445?

HUD's FY2027 Small Area Fair Market Rents for 05445 are $1,430 (studio), $1,600 (1 BR), $2,020 (2 BR), $2,500 (3 BR) and $2,940 (4 BR) a month.

What is the Section 8 payment standard in 05445?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05445 that range is $1,818 to $2,222 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05445?

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.