Grand Isle County, VT

2024 Fair Market Rents

Tags: 2024 Burlington-South Burlington, VT MSA

Return to the state page to see where Vermont ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Grand Isle County are Grand Isle, Alburgh, South Hero, and North Hero. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Grand Isle County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Grand Isle County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Grand Isle County compare?

Grand Isle County ($1,887) has a 41.8% higher FMR for 2-Bedroom housing than the average of Vermont ($1,331) and therefore a higher gross rent.

Grand Isle County is rank 1st out of 255 counties. This means the FMRs, or in other words, the gross rent is higher than all other counties. Grand Isle County is the most expensive county in terms of FMRs.

Rent Tables Grand Isle County, VT

Fair Market Rent (40th Percentile)

$1,341
studio
$1,441
1-Bedroom
$1,887
2-Bedroom
$2,390
3-Bedroom
$2,513
4-Bedroom

Median Rent (50th Percentile)

$1,438
studio
$1,544
1-Bedroom
$2,023
2-Bedroom
$2,562
3-Bedroom
$2,694
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
05440 $1,030 $1,120 $1,460 $1,800 $1,960
05458 $1,090 $1,180 $1,540 $1,950 $2,050
05463 $1,030 $1,120 $1,460 $1,800 $1,960
05474 $1,350 $1,450 $1,900 $2,410 $2,530
05486 $1,240 $1,330 $1,740 $2,200 $2,320
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
05440 $927 $1,008 $1,314 $1,620 $1,764
05458 $981 $1,062 $1,386 $1,755 $1,845
05463 $927 $1,008 $1,314 $1,620 $1,764
05474 $1,215 $1,305 $1,710 $2,169 $2,277
05486 $1,116 $1,197 $1,566 $1,980 $2,088
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
05440 $1,133 $1,232 $1,606 $1,980 $2,156
05458 $1,199 $1,298 $1,694 $2,145 $2,255
05463 $1,133 $1,232 $1,606 $1,980 $2,156
05474 $1,485 $1,595 $2,090 $2,651 $2,783
05486 $1,364 $1,463 $1,914 $2,420 $2,552

Fair Market Rents on this page apply to the following cities in Grand Isle County, Vermont: Grand Isle, Alburgh, South Hero, North Hero, and Isle La Motte.

These Fair Market Rents also apply to the following ZIP codes in Grand Isle County, Vermont: 05458, 05440, 05486, 05474, and 05463.

Grand Isle County, VT is considered part of the following metro FMR area: BURLINGTON-SOUTH BURLINGTON, VT MSA.

Other counties in the same metro FMR area are: Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, Chittenden County, VT, and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT. and Franklin County, VT.

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Fair Market Rents are published by the Department of Housing And Urban Development.