FY2027 Small Area FMR · Canaan, VT

ZIP 05903 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 05903 (Canaan, VT) is $1,150 a month, up 10.6% from FY2026. That is 1% below the Essex County, VT area-wide FMR of $1,167.

2-bedroom SAFMR$1,150per month ▲ 10.6%

Area-wide 2 BR FMR$1,167Essex County, VT

Rank in the area11thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

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

Studio$900▲ 11.1%

1 BR$1,060▲ 11.6%

2 BR$1,150▲ 10.6%

3 BR$1,590▲ 9.7%

4 BR$1,810▲ 7.1%

FY2027 FY2026

Where 05903 sits in the Essex County, VT area

Of the 13 ZIP codes HUD lists for the area, 05903 has the 11th 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 $1,150 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	$900	$810 – $990	$914	$810
1 bedroom	$1,060	$954 – $1,166	$1,072	$950
2 bedrooms	$1,150	$1,035 – $1,265	$1,167	$1,040
3 bedrooms	$1,590	$1,431 – $1,749	$1,616	$1,450
4 bedrooms	$1,810	$1,629 – $1,991	$1,834	$1,690

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 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 05903 lies mainly in Essex County. See the Essex County, VT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
05901	Averill	3.3 mi	$1,120
05902	Beecher Falls	7.1 mi	$1,330
03576	Colebrook	10.0 mi	$1,160
05907	Norton	11.4 mi	$1,250
03590	North Stratford	15.5 mi	$1,260
05846	Island Pond	16.1 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 05903?

HUD's FY2027 Small Area Fair Market Rents for 05903 are $900 (studio), $1,060 (1 BR), $1,150 (2 BR), $1,590 (3 BR) and $1,810 (4 BR) a month.

What is the Section 8 payment standard in 05903?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 05903 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 05903?

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.