HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Grand Isle County, Vermont (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Grand Isle County is $2,140 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$2,140
FY 2026, utilities included
Payment standard range
$1,926 to $2,354
90% to 110% of FMR
Income to afford 2BR
$85,600
per year, at 30% of income
Rank in Vermont
3rd of 14
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Grand Isle moves to $2,165. That's up 1%. The full FY 2027 table is in the history section below.
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.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,497 | $1,347 to $1,647 | $59,880 | $28.79/hr | +8.5% |
| 1 bedroom | $1,651 | $1,486 to $1,816 | $66,040 | $31.75/hr | +11.9% |
| 2 bedroom | $2,140 | $1,926 to $2,354 | $85,600 | $41.15/hr | +10.5% |
| 3 bedroom | $2,745 | $2,471 to $3,020 | $109,800 | $52.79/hr | +10.2% |
| 4 bedroom | $2,833 | $2,550 to $3,116 | $113,320 | $54.48/hr | +10.4% |
5 to 8 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 | $3,258 | $2,932 to $3,584 |
| 6 bedroom Estimate | $3,683 | $3,315 to $4,051 |
| 7 bedroom Estimate | $4,108 | $3,697 to $4,519 |
| 8 bedroom Estimate | $4,533 | $4,080 to $4,986 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Grand Isle, that runs from $1,497 for a studio up to $2,833 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 $2,140 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 57% above the state median of $1,362 and about 110% above the national median county at $1,018. About 7,393 people live here, 13th in the state.
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 2026, 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 | 2,108 | $1,497 | $1,651 | $2,140 | $2,745 | $2,833 |
| Alburgh town | 1,802 | $1,497 | $1,651 | $2,140 | $2,745 | $2,833 |
| South Hero town | 1,615 | $1,497 | $1,651 | $2,140 | $2,745 | $2,833 |
| North Hero town | 1,264 | $1,497 | $1,651 | $2,140 | $2,745 | $2,833 |
| Isle La Motte town | 604 | $1,497 | $1,651 | $2,140 | $2,745 | $2,833 |
Counties sharing the Burlington-South Burlington metro rate
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,750 in 05440 (Alburgh) and $2,290 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.
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 $1,926 and $2,354. 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.
$2,140 a month is affordable, by HUD's 30% rule, on an income of roughly $85,600 a year. Put another way, $41 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,926) | HAP at 100% ($2,140) | HAP at 110% ($2,354) |
|---|---|---|---|---|
| $2,500 | $750 | $1,176 | $1,390 | $1,604 |
| $4,000 | $1,200 | $726 | $940 | $1,154 |
Rate history
The two-bedroom rate went up 11% from FY 2025 ($1,936) to FY 2026 ($2,140). Since FY 2020 it's up 36% in total, about 5.3% a year. The Vermont median moved up 6% over the same year.
| 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 2027 | $1,550 | $1,719 | $2,165 | $2,733 | $2,845 | +1.2% |
Nearby counties
Franklin County
$2,14018 mi · pop 50,379
Chittenden County
$2,14020 mi · pop 168,831
Lamoille County
$1,34530 mi · pop 26,036
Washington County
$1,48246 mi · pop 59,958
Addison County
$1,43848 mi · pop 37,497
Orleans County
$1,18449 mi · pop 27,492
Caledonia County
$1,15960 mi · pop 30,425
Orange County
$1,36269 mi · pop 29,594
Questions people ask
$2,140 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,497 for a studio, $1,651 for one bedroom, $2,745 for three and $2,833 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what 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. 3 free searches, no card.
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