Vermont Real Estate - VT Homes For Sale | BEX Realty (2024)

FAQs

Is it cheaper to live in VT or NH? ›

The cost of living in Manchester, NH is -12.2% lower than in Burlington, VT. You would have to earn a salary of $52,668 to maintain your current standard of living. Employers in Manchester, NH typically pay 2.7% more than employeers in Burlington, VT.

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.

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.

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.

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?

While senior citizen household income may match national numbers, it's safe to say that Vermont is an expensive state to retire to.

$393,649. The average Vermont home value is $393,649, up 4.4% over the past year and goes to pending in around 8 days.

Chittenden County is by far the wealthiest county in Vermont and it should therefore come as no surprise that the wealthiest towns in the state, with a few exceptions, are also in Chittenden County.

Clean mountain air, a breathtaking vista around every bend, year-round recreating including skiing, hiking, biking, sailing - these are just a few of the reasons Vermont is regularly ranked among the nation's most desirable places to live.

What is the cheapest state to live in? ›

Mississippi: According to World Population Review, in 2023, Mississippi holds the title of the cheapest state to live in the United States. Its cost of living index is 85, and overall costs in the state are 17% lower than the national average.

Air temperatures in Vermont have increased more than 4°F in winter and more than 2°F in summer over the past 50 years. Only New Jersey, Rhode Island, and Delaware warmed faster over this time.

However, Vermonters face a real crisis in finding safe, affordable housing. The COVID-19 Pandemic caused unprecedented changes to Vermont's housing market. Apartments have been harder to find, resulting in a dramatic increase in homelessness and significant rent increases to tenants and a growing affordability gap.

As of June 2024, the average rent in Burlington, VT is $2,026 per month. This is 33% higher than the national average rent price of $1,518/month, making Burlington one of the most expensive cities in the US.

Deciding on which state is better, New Hampshire vs Vermont, depends on what is important to you. If you love rural America and farmland, then Vermont would be a better choice. However, if you love a variety of urban to rural, mountains, and coastline, then New Hampshire is the better state.

What are the tax differences between VT and NH? The biggest tax difference between the two states is that NH does not have an income tax and VT does (VT tax calculator). However, there are other tax differences between the two states and much will depend on your particular circ*mstances.

The snowiest state of all is New Hampshire, which gets an average of 174.35 inches of snow each year. This is followed by Maine, which gets 92 inches annually and Vermont, with 80.2 inches. Alaska and Wyoming come next, with 79.6 and 77.33 inches respectively.

U.S. Census Bureau reports that the average salary for New Hampshire residents is $83,449. However, to stick to the rule of spending only 30% on your monthly income on rent, you only need an income of a bit over $50,000 to live comfortably in a one-bedroom apartment in Manchester, New Hampshire that costs $1,270.