Vermont Homes for Sale and Real Estate Listings (2024)

FAQs

Are housing prices going down in Vermont? ›

Home Prices and Sales Volume

The median home price in Vermont has seen a significant rise, aligning with national trends. Sales volume, although affected by regional factors, maintains a steady performance, underscoring a consistent demand for housing in the state.

Average Housing Costs in Vermont: $794 to $1,621 per month

The average home in Vermont cost $339,100 in February 2023, which is lower than the $359,000 median sales price of an existing home in the United States, according to the National Association of Realtors®.

The months from March to June are the best time to buy a house in Vermont. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Home prices in Vermont are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in VT was only 1,893 in January 2024. There is minimal inventory to satiate the demand from house hunters.

Vermont, renowned for its stunning natural beauty, lush green landscapes, and vibrant communities, offers a lifestyle that many dream of. While Vermont might be perceived as an expensive place to live, it also provides an array of affordable cities that combine a high quality of life with reasonable living costs.

The Vermont Livable Wage is defined in statute as the hourly wage required for a full-time worker to pay for one-half of the Basic Needs Budget for a two-person household with no children and employer-sponsored health insurance, averaged for both urban and rural areas. The 2022 Vermont Livable Wage is $15.33 per hour.

What are the benefits of moving to Vermont? Vermont's relatively low cost of living, gorgeous outdoors, skiing, and cozy towns make the state an appealing place for newcomers.

Vermont Property Taxes

That statewide education tax is one reason the Green Mountain State has some of the highest property tax rates in the country. The 1.73% average effective rate in Vermont ranks as the fifth-highest in the country. Are you interested in buying a home in the Green Mountain State?

Here are some general FHA loan requirements for Vermont. A credit score of 580 or higher: A lender may accept credit scores of 500-579 under certain conditions. A credit score lower than 580 will require a larger down payment. Minimum of two years employment: Must have verifiable, steady, and consistent income.

Is it cheap to retire in Vermont? ›

Cost of living: Vermont's cost of living is generally higher than the national average, which could be a concern for retirees on a fixed income. Housing and healthcare costs, in particular, are higher than in many other states.

In summary, buying a house in California in 2024 may be a good time for some buyers, depending on their personal and financial situation. The housing market is expected to rebound from a sluggish year in 2023, with more supply and demand, higher prices and affordability, and lower mortgage rates and inflation.

Some of the top house websites like Zillow are Realtor.com, Redfin, Homes.com, HomeFinder, and Trulia. All of these house buying websites are great resources when you're trying to look at properties online.

However, our lack of development has contributed to a housing crisis. There are not enough homes in Vermont to meet the demand. This is a huge problem for a lot of reasons.

The Vermont State Housing Authority has been in the business of providing critical housing assistance in Vermont for more than 50 years. Our mission is, “to ensure that quality affordable housing opportunities are available to Vermonters statewide”.

Vermont Property Taxes

The 1.73% average effective rate in Vermont ranks as the fifth-highest in the country. Are you interested in buying a home in the Green Mountain State?

Vermont House Price Index (I:VHPPOISQ)

Vermont House Price Index is at a current level of 404.53, up from 399.93 last quarter and up from 357.18 one year ago. This is a change of 1.15% from last quarter and 13.26% from one year ago.