FY2027 Small Area FMR · Island Pond, VT
ZIP 05846 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05846 (Island Pond, VT) is $1,070 a month, up 8.1% from FY2026. That is 8% below the Essex County, VT area-wide FMR of $1,167.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 05846 sits in the Essex County, VT area
Of the 13 ZIP codes HUD lists for the area, 05846 has the 13th highest two-bedroom Small Area FMR. Essex 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 $1,167 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 for this ZIP code instead.
ZIP code 05846 crosses more than one HUD area. HUD also lists it under Orleans County, VT (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $850 | $765 – $935 | $914 | $770 |
| 1 bedroom | $960 | $864 – $1,056 | $1,072 | $890 |
| 2 bedrooms | $1,070 | $963 – $1,177 | $1,167 | $990 |
| 3 bedrooms | $1,450 | $1,305 – $1,595 | $1,616 | $1,350 |
| 4 bedrooms | $1,790 | $1,611 – $1,969 | $1,834 | $1,590 |
A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $74,100 and the 80% low-income limit for four people is $83,750. ZIP code 05846 lies mainly in Essex County and Orleans County. See the Essex County, VT county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 05846?
HUD's FY2027 Small Area Fair Market Rents for 05846 are $850 (studio), $960 (1 BR), $1,070 (2 BR), $1,450 (3 BR) and $1,790 (4 BR) a month.
What is the Section 8 payment standard in 05846?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05846 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 05846?
The FY2026 income limits of the Essex County, VT area apply: median family income $74,100, low-income (80%) limit $83,750 for a family of four.