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RentData.org Logo Burlington-South Burlington Fair Market Rent FY 2023 Burlington-South Burlington, VT MSA Rental Data

Fair Market Rent Prices in Burlington-South Burlington, VT :
$1,139 $1,238 $1,615 $1,982 $2,170
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Burlington-South Burlington are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Burlington-South Burlington is $1,615 per month.

The previous year, rent for a two-bedroom home was $1,500 per month. This is a 7.67% increase year-over-year.

This FMR rate applies to Underhill Center, VT, Jonesville, VT, Essex, VT, Westford, VT, Underhill, VT, Richmond, VT, Waterbury, VT, Jericho, VT, Winooski, VT, Shelburne, VT and other cities within the region. The Metro Code or CBSA code for this region is METRO15540M15540.

Additionally, This Fair Market Rent (FMR) area Burlington-South Burlington, VT MSA spans one county or city in Vermont which is listed in the table below. Estimated population of Burlington-South Burlington, VT MSA FMR area is 7,320 people based on latest Census data.

Compared to the rest of Vermont, the Burlington-South Burlington FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Burlington-South Burlington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Burlington-South Burlington

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1220
1-BR 1-Bedroom $ 1326
2-BR 2-Bedroom $ 1730
3-BR 3-Bedroom $ 2123
4-BR 4-Bedroom $ 2324
Change Year:

There is just one county (listed below) within the Burlington-South Burlington, VT MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Burlington - Plattsburgh.

County / Region Est. Population
Burlington-South Burlington, VT Metro 7,320
Zip Codes in Burlington-South Burlington, VT MSA

There are 25 unique zip codes in this Fair Market Rent (FMR) area:

05401, 05402, 05403, 05404, 05405, 05406, 05407, 05408, 05439, 05446, 05449, 05451, 05452, 05453, 05465, 05466, 05468, 05477, 05478, 05482, 05489, 05490, 05494, 05495 and 05676

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