FY2027 Small Area FMR · Underhill, VT

ZIP 05489 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05489 (Underhill, VT) is $1,930 a month, unchanged from FY2026. That is 11% below the Burlington-South Burlington, VT area-wide FMR of $2,165.

2-bedroom SAFMR$1,930per month ■ 0.0%

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

Rank in the area34thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,737

2 BR Small Area FMR$1,930

110% of SAFMR$2,123

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

Studio$1,350▼ 1.5%

1 BR$1,490▲ 1.4%

2 BR$1,930■ 0.0%

3 BR$2,480▲ 2.1%

4 BR$2,550▼ 0.8%

FY2027 FY2026

Where 05489 sits in the Burlington-South Burlington, VT area

Of the 51 ZIP codes HUD lists for the area, 05489 has the 34th 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 $1,930 for this ZIP code instead.

ZIP code 05489 crosses more than one HUD area. HUD also lists it under Lamoille 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	$1,350	$1,215 – $1,485	$1,550	$1,370
1 bedroom	$1,490	$1,341 – $1,639	$1,719	$1,470
2 bedrooms	$1,930	$1,737 – $2,123	$2,165	$1,930
3 bedrooms	$2,480	$2,232 – $2,728	$2,733	$2,430
4 bedrooms	$2,550	$2,295 – $2,805	$2,845	$2,570

A household renting a two-bedroom home at the Small Area FMR of $1,930 needs about $77,200 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 05489 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
05494	Westford	5.7 mi	$2,630
05444	Cambridge	5.7 mi	$1,930
05464	Jeffersonville	6.8 mi	$1,930
05452	Essex Junction	7.5 mi	$2,060
05465	Jericho	7.5 mi	$2,120
05672	Stowe	10.7 mi	$1,720

Questions

What is the Fair Market Rent for ZIP code 05489?

HUD's FY2027 Small Area Fair Market Rents for 05489 are $1,350 (studio), $1,490 (1 BR), $1,930 (2 BR), $2,480 (3 BR) and $2,550 (4 BR) a month.

What is the Section 8 payment standard in 05489?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05489 that range is $1,737 to $2,123 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05489?

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.