FY2027 Small Area FMR · Montpelier, VT

ZIP 05602 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05602 (Montpelier, VT) is $1,870 a month, up 19.1% from FY2026. That is 5% above the Washington County, VT area-wide FMR of $1,783.

2-bedroom SAFMR$1,870per month ▲ 19.1%

Area-wide 2 BR FMR$1,783Washington County, VT

Rank in the area10thof 33 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,683

2 BR Small Area FMR$1,870

110% of SAFMR$2,057

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

Studio$1,300▲ 9.2%

1 BR$1,430▲ 19.2%

2 BR$1,870▲ 19.1%

3 BR$2,340▲ 21.2%

4 BR$2,460▲ 18.3%

FY2027 FY2026

Where 05602 sits in the Washington County, VT area

Of the 33 ZIP codes HUD lists for the area, 05602 has the 10th highest two-bedroom Small Area FMR. Washington County, 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 $1,783 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,870 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	$1,300	$1,170 – $1,430	$1,242	$1,190
1 bedroom	$1,430	$1,287 – $1,573	$1,363	$1,200
2 bedrooms	$1,870	$1,683 – $2,057	$1,783	$1,570
3 bedrooms	$2,340	$2,106 – $2,574	$2,230	$1,930
4 bedrooms	$2,460	$2,214 – $2,706	$2,343	$2,080

A household renting a two-bedroom home at the Small Area FMR of $1,870 needs about $74,800 a year to keep housing costs at 30% of income. The area median family income is $114,000 and the 80% low-income limit for four people is $91,200. ZIP code 05602 lies mainly in Washington County. See the Washington County, VT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
05666	North Montpelier	1.6 mi	$2,150
05651	East Montpelier	6.0 mi	$1,520
05660	Moretown	6.4 mi	$1,990
05640	Adamant	7.1 mi	$1,910
05664	Northfield Falls	7.8 mi	$1,780
05682	Worcester	8.5 mi	$1,650

Questions

What is the Fair Market Rent for ZIP code 05602?

HUD's FY2027 Small Area Fair Market Rents for 05602 are $1,300 (studio), $1,430 (1 BR), $1,870 (2 BR), $2,340 (3 BR) and $2,460 (4 BR) a month.

What is the Section 8 payment standard in 05602?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05602 that range is $1,683 to $2,057 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05602?

The FY2026 income limits of the Washington County, VT area apply: median family income $114,000, low-income (80%) limit $91,200 for a family of four.