HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Grand Isle County, Vermont (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Grand Isle County is $2,165 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$2,165
+1.2% from FY 2026
Payment standard
$1,949–$2,382
90% to 110% of the FMR, two-bedroom
Income to afford
$86,600
a year, with rent at 30% of income
Rank in Vermont
3rd of 14
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,550 | $1,395–$1,705 | $62,000 | $29.81/hr | +3.5% |
| 1 bedroom | $1,719 | $1,547–$1,891 | $68,760 | $33.06/hr | +4.1% |
| 2 bedroom | $2,165 | $1,949–$2,382 | $86,600 | $41.63/hr | +1.2% |
| 3 bedroom | $2,733 | $2,460–$3,006 | $109,320 | $52.56/hr | -0.4% |
| 4 bedroom | $2,845 | $2,561–$3,130 | $113,800 | $54.71/hr | +0.4% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,272 | $2,945–$3,599 |
| 6 bedroom Estimate | $3,699 | $3,329–$4,069 |
| 7 bedroom Estimate | $4,125 | $3,713–$4,538 |
| 8 bedroom Estimate | $4,552 | $4,097–$5,007 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Grand Isle actually rent for?
Search any address in Grand Isle for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Grand Isle somewhere between $1,949 and $2,382. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$2,165 a month is affordable, by HUD's 30% rule, on an income of roughly $86,600 a year. Put another way, $42 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,949 | Voucher pays at 100%$2,165 | Voucher pays at 110%$2,382 |
|---|---|---|---|---|
| $2,500 | $750 | $1,199 | $1,415 | $1,632 |
| $4,000 | $1,200 | $749 | $965 | $1,182 |
Rate history
The two-bedroom rate went up 1% from FY 2026 ($2,140) to FY 2027 ($2,165). Since FY 2020 it's up 38% in total, about 4.7% a year. The Vermont median moved up 15% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $1,030 | $1,223 | $1,573 | $1,974 | $2,131 | — |
| FY 2021 | $1,091 | $1,265 | $1,628 | $2,025 | $2,208 | +3.5% |
| FY 2022 | $1,033 | $1,163 | $1,500 | $1,854 | $2,034 | -7.9% |
| FY 2023 | $1,139 | $1,238 | $1,615 | $1,982 | $2,170 | +7.7% |
| FY 2024 | $1,341 | $1,441 | $1,887 | $2,390 | $2,513 | +16.8% |
| FY 2025 | $1,380 | $1,476 | $1,936 | $2,491 | $2,567 | +2.6% |
| FY 2026 | $1,497 | $1,651 | $2,140 | $2,745 | $2,833 | +10.5% |
| FY 2027In effect | $1,550 | $1,719 | $2,165 | $2,733 | $2,845 | +1.2% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Grand Isle, that runs from $1,550 for a studio up to $2,845 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Grand Isle in with 2 other counties in the Burlington-South Burlington metro, Chittenden County, Franklin County among them, and every one of them gets $2,165 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Vermont's 14 counties, Grand Isle ranks 3rd for two-bedroom FMR. That's about 38% above the state median of $1,570 and about 104% above the national median county at $1,063. About 7,450 people live here, 13th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,930 in 05458 (Grand Isle) and $2,210 in 05474 (North Hero), with the 5 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
Rates by town
Vermont publishes Fair Market Rents town by town instead of by county. All 5 towns in Grand Isle County share the same rate for FY 2027, so the county number is the town number wherever you are.
| Town | Population | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|---|
| Grand Isle town | 2,192 | $1,550 | $1,719 | $2,165 | $2,733 | $2,845 |
| Alburgh town | 1,832 | $1,550 | $1,719 | $2,165 | $2,733 | $2,845 |
| South Hero town | 1,586 | $1,550 | $1,719 | $2,165 | $2,733 | $2,845 |
| North Hero town | 1,263 | $1,550 | $1,719 | $2,165 | $2,733 | $2,845 |
| Isle La Motte town | 577 | $1,550 | $1,719 | $2,165 | $2,733 | $2,845 |
Counties sharing the Burlington-South Burlington metro rate
HUD sets one rate for the whole metro, so every county here carries the same $2,165 two-bedroom figure as Grand Isle.
Nearby counties
Two-bedroom FMR, with how each compares to Grand Isle.
Franklin County
18 mi · 50,638 people
$2,165
same rate
Chittenden County
20 mi · 169,758 people
$2,165
same rate
Lamoille County
30 mi · 26,148 people
$1,535
-29%
Washington County
46 mi · 60,017 people
$1,783
-18%
Addison County
48 mi · 37,664 people
$1,636
-24%
Orleans County
49 mi · 27,606 people
$1,363
-37%
Caledonia County
60 mi · 30,475 people
$1,327
-39%
Orange County
69 mi · 29,761 people
$1,581
-27%
Questions people ask
$2,165 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,550 for a studio, $1,719 for one bedroom, $2,733 for three and $2,845 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Grand Isle actually go for?
HUD's number is one input. Search any address in Grand Isle for a rent estimate built from nearby comps. Free to start, no card.
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