FY2027 Small Area FMR · Hancock, VT

ZIP 05748 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05748 (Hancock, VT) is $1,300 a month, up 2.4% from FY2026. That is 21% below the Addison County, VT area-wide FMR of $1,636.

2-bedroom SAFMR$1,300per month ▲ 2.4%

Area-wide 2 BR FMR$1,636Addison County, VT

Rank in the area23rdof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,170

2 BR Small Area FMR$1,300

110% of SAFMR$1,430

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

Studio$1,010▲ 2.0%

1 BR$1,020▲ 2.0%

2 BR$1,300▲ 2.4%

3 BR$1,590■ 0.0%

4 BR$2,160▲ 20.0%

FY2027 FY2026

Where 05748 sits in the Addison County, VT area

Of the 24 ZIP codes HUD lists for the area, 05748 has the 23rd highest two-bedroom Small Area FMR. Addison 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 $1,636 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,300 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	$1,010	$909 – $1,111	$1,139	$990
1 bedroom	$1,020	$918 – $1,122	$1,293	$1,000
2 bedrooms	$1,300	$1,170 – $1,430	$1,636	$1,270
3 bedrooms	$1,590	$1,431 – $1,749	$1,954	$1,590
4 bedrooms	$2,160	$1,944 – $2,376	$2,734	$1,800

A household renting a two-bedroom home at the Small Area FMR of $1,300 needs about $52,000 a year to keep housing costs at 30% of income. The area median family income is $115,200 and the 80% low-income limit for four people is $92,150. ZIP code 05748 lies mainly in Addison County. See the Addison County, VT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
05767	Rochester	4.7 mi	$1,300
05766	Ripton	6.7 mi	$1,660
05747	Granville	7.9 mi	$1,420
05762	Pittsfield	8.1 mi	$1,490
05737	Chittenden	8.9 mi	$1,500
05769	Salisbury	10.2 mi	$2,450

Questions

What is the Fair Market Rent for ZIP code 05748?

HUD's FY2027 Small Area Fair Market Rents for 05748 are $1,010 (studio), $1,020 (1 BR), $1,300 (2 BR), $1,590 (3 BR) and $2,160 (4 BR) a month.

What is the Section 8 payment standard in 05748?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05748 that range is $1,170 to $1,430 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05748?

The FY2026 income limits of the Addison County, VT area apply: median family income $115,200, low-income (80%) limit $92,150 for a family of four.