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Fair market rents rise in every Vermont county

By: Leslie Black-Plumeau on 9/13/2016

On October 1, 2016, the Fair Market Rents in every Vermont county will go up.  Fair Market Rents are intended to represent the dollar amount below which 40 percent of the standard-quality rental housing units in an area are rented. They are used in HUD rental assistance programs, including the Section 8 and HOME programs.

Fair Market Rents are set for each geographic area in the state, based on Census Bureau estimates and occasionally on local rent surveys.  They are set at different levels depending on the number of bedrooms in the apartment.

We updated the Vermont Housing Data Website today to include this new information. Check out how it affects your community!