Housing market/Vermont/ZIP 05408
ZIP 05408 North Burlington, Vermont
Burlington-South Burlington, VT MSA · Vermont. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 05408 · VT — sent to you.
ZIP 05408 · VT
ACS rent vs 2BR SAFMR
ZIP 05408 — North Burlington, VT HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 05408
- 1-unit detached2,76462.0%
- 1-unit attached47410.6%
- 2–4 units52811.9%
- 5–49 units3858.6%
- 50+ units1533.4%
- Mobile1513.4%
2–4 unit share 11.9% · 5–49 unit share 8.6% · combined 2–49 20.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,573 (all bedrooms, occupied rentals).
- Median contract rent $1,450.
- Renters paying ≥30% of income 38.3%; ≥50% 17.6%.
- FY2027 2BR SAFMR $2,260 (1.437× ACS median gross rent).
Population
10,199 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +7.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 5 projects, 520 units.
- HUD project-based assisted MF: 3 properties, 196 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 702 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 05408 26.2% of occupied households are renters; vacancy is 2.5%; ACS median gross rent is $1,573; population increased +7.2% between the 2018 and 2023 ACS vintages; the housing stock includes 528 units in 2–4-unit structures and 385 units in 5–49-unit structures; 5 LIHTC projects totaling 520 units; FY2027 2BR SAFMR is $2,260 versus ACS median gross rent of $1,573. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Vermont research
ZIP 05408 is a Census / HUD profile for Burlington-South Burlington, VT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 05408 — North Burlington, VT HUD Section 8 Payment Standards / SAFMR·Vermont ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Vermont research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 05408?
ZIP 05408 (Burlington-South Burlington, VT MSA) has 10,199 residents, 4,344 households, a renter share of 26.2%, median household income of $98,656, and ACS 2023 median gross rent of $1,573. Vacancy is 2.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 05408?
ACS counts 394 units in 2-unit buildings, 134 in 3–4 unit buildings, 219 in 5–9, 50 in 10–19, and 116 in 20–49. Combined 2–49 unit stock is 913 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 05408?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,260. See the full schedule and 90–110% payment-standard band on the ZIP 05408 — North Burlington, VT HUD Section 8 Payment Standards / SAFMR.
Does this Vermont ZIP profile include Georgia listings?
No. ZIP 05408 is Census / HUD research for Burlington-South Burlington, VT MSA. Jeff Crowe CRE does not list Vermont property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.