FY2027 Small Area FMR · North Hero, VT

ZIP 05474 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05474 (North Hero, VT) is $2,210 a month, down 3.5% from FY2026. That is 2% above the Burlington-South Burlington, VT area-wide FMR of $2,165.

2-bedroom SAFMR$2,210per month ▼ 3.5%

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

Rank in the area16thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,989

2 BR Small Area FMR$2,210

110% of SAFMR$2,431

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

Studio$1,580▼ 1.2%

1 BR$1,750▼ 1.1%

2 BR$2,210▼ 3.5%

3 BR$2,790▼ 5.1%

4 BR$2,900▼ 4.3%

FY2027 FY2026

Where 05474 sits in the Burlington-South Burlington, VT area

Of the 51 ZIP codes HUD lists for the area, 05474 has the 16th 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 $2,210 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	$1,600
1 bedroom	$1,750	$1,575 – $1,925	$1,719	$1,770
2 bedrooms	$2,210	$1,989 – $2,431	$2,165	$2,290
3 bedrooms	$2,790	$2,511 – $3,069	$2,733	$2,940
4 bedrooms	$2,900	$2,610 – $3,190	$2,845	$3,030

A household renting a two-bedroom home at the Small Area FMR of $2,210 needs about $88,400 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 05474 lies mainly in Grand Isle 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
05481	Saint Albans Bay	4.7 mi	$1,930
05458	Grand Isle	4.8 mi	$1,930
05463	Isle La Motte	6.3 mi	$2,050
12921	Chazy	9.9 mi	$1,180
05486	South Hero	10.1 mi	$1,990
12903	Plattsburgh	10.3 mi	$1,810

Questions

What is the Fair Market Rent for ZIP code 05474?

HUD's FY2027 Small Area Fair Market Rents for 05474 are $1,580 (studio), $1,750 (1 BR), $2,210 (2 BR), $2,790 (3 BR) and $2,900 (4 BR) a month.

What is the Section 8 payment standard in 05474?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05474 that range is $1,989 to $2,431 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05474?

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.