FY2027 Small Area FMR · Underhill Center, VT

ZIP 05490 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05490 (Underhill Center, VT) is $2,240 a month, up 1.4% from FY2026. That is 3% above the Burlington-South Burlington, VT area-wide FMR of $2,165.

2-bedroom SAFMR$2,240per month ▲ 1.4%

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

Rank in the area9thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,016

2 BR Small Area FMR$2,240

110% of SAFMR$2,464

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

Studio$1,600▲ 3.2%

1 BR$1,780▲ 4.1%

2 BR$2,240▲ 1.4%

3 BR$2,830▼ 0.4%

4 BR$2,940▲ 0.3%

FY2027 FY2026

Where 05490 sits in the Burlington-South Burlington, VT area

Of the 51 ZIP codes HUD lists for the area, 05490 has the 9th 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 $2,240 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	$1,600	$1,440 – $1,760	$1,550	$1,550
1 bedroom	$1,780	$1,602 – $1,958	$1,719	$1,710
2 bedrooms	$2,240	$2,016 – $2,464	$2,165	$2,210
3 bedrooms	$2,830	$2,547 – $3,113	$2,733	$2,840
4 bedrooms	$2,940	$2,646 – $3,234	$2,845	$2,930

A household renting a two-bedroom home at the Small Area FMR of $2,240 needs about $89,600 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 05490 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
05465	Jericho	4.3 mi	$2,120
05489	Underhill	4.4 mi	$1,930
05477	Richmond	7.2 mi	$2,320
05452	Essex Junction	8.5 mi	$2,060
05672	Stowe	8.6 mi	$1,720
05494	Westford	9.2 mi	$2,630

Questions

What is the Fair Market Rent for ZIP code 05490?

HUD's FY2027 Small Area Fair Market Rents for 05490 are $1,600 (studio), $1,780 (1 BR), $2,240 (2 BR), $2,830 (3 BR) and $2,940 (4 BR) a month.

What is the Section 8 payment standard in 05490?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05490 that range is $2,016 to $2,464 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05490?

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.