FY2027 Small Area FMR · Milton, VT

ZIP 05468 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05468 (Milton, VT) is $2,200 a month, up 0.9% from FY2026. That is 2% above the Burlington-South Burlington, VT area-wide FMR of $2,165.

2-bedroom SAFMR$2,200per month ▲ 0.9%

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

Rank in the area17thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,980

2 BR Small Area FMR$2,200

110% of SAFMR$2,420

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

Studio$1,580▲ 3.9%

1 BR$1,750▲ 4.2%

2 BR$2,200▲ 0.9%

3 BR$2,780▼ 0.7%

4 BR$2,890■ 0.0%

FY2027 FY2026

Where 05468 sits in the Burlington-South Burlington, VT area

Of the 51 ZIP codes HUD lists for the area, 05468 has the 17th 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 $2,200 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	$1,580	$1,422 – $1,738	$1,550	$1,520
1 bedroom	$1,750	$1,575 – $1,925	$1,719	$1,680
2 bedrooms	$2,200	$1,980 – $2,420	$2,165	$2,180
3 bedrooms	$2,780	$2,502 – $3,058	$2,733	$2,800
4 bedrooms	$2,890	$2,601 – $3,179	$2,845	$2,890

A household renting a two-bedroom home at the Small Area FMR of $2,200 needs about $88,000 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 05468 lies mainly in Chittenden County and Franklin 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
05454	Fairfax	6.8 mi	$1,930
05494	Westford	7.7 mi	$2,630
05486	South Hero	8.1 mi	$1,990
05446	Colchester	8.3 mi	$1,970
05481	Saint Albans Bay	8.5 mi	$1,930
05458	Grand Isle	9.0 mi	$1,930

Questions

What is the Fair Market Rent for ZIP code 05468?

HUD's FY2027 Small Area Fair Market Rents for 05468 are $1,580 (studio), $1,750 (1 BR), $2,200 (2 BR), $2,780 (3 BR) and $2,890 (4 BR) a month.

What is the Section 8 payment standard in 05468?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05468 that range is $1,980 to $2,420 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05468?

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.