Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bennington County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $407,498 | $227,771 | $242,182 |
| Price Trend (Annual %) | 12.9% | 2.3% | 8.2% |
| Median Gross Rent | $1,063 | $1,192 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bennington County is about 79% higher than in Vermont. Rent is about 11% lower than the Vermont average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bennington County, up about 12.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Bennington County rose about 22.5% between 2015 and 2023, from $867 to $1,063. Over the same span, rent in Vermont rose about 33.3%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Bennington County.
Buying the median-priced home in Bennington County costs roughly 31.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bennington County. The price-to-rent ratio in Vermont is about 15.9.
| Metric | Bennington County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $407,498 | $227,771 | $242,182 |
| Median Household Income | $72,015 | $78,253 | $78,145 |
| Price-to-Income Ratio | 5.7 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bennington County rose about 117.3%, while median household income rose about 55.9% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bennington County | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.0% | 58.2% | 58.2% |
| Rental Rate | 17.1% | 21.7% | 31.3% |
| Vacancy Rate | 29.9% | 20.1% | 10.6% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Bennington County has a homeownership rate of 53.0%, lower than the Vermont average of 58.2%. Its housing vacancy rate is 29.9%, compared with 20.1% in Vermont.
Housing Stock
| Metric | Bennington County | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.30 people | 2.54 people |
| Median Structure Built Year | 1963 | 1971 | 1978 |
| Median Number of Rooms | 6.0 | 5.6 | 5.5 |
The typical housing unit in Bennington County was built around 1963. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bennington County, Vermont.
What is the median home price in Bennington County, Vermont?
The median home price in Bennington County, Vermont is $407,498, higher than the Vermont average of $227,771.
What is the average home price in Bennington County, Vermont?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bennington County, Vermont?
The median gross rent in Bennington County, Vermont is $1,063 per month, lower than the Vermont average of $1,192.
What was the median gross rent in Bennington County in 2020?
In 2020, the median gross rent in Bennington County, Vermont was $854 per month.
What is the price-to-rent ratio in Bennington County, Vermont?
The price-to-rent ratio in Bennington County, Vermont is about 31.9, meaning it would take roughly 31.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bennington County.
Are home prices or rent rising faster in Bennington County, Vermont?
Both home prices and rent are rising in Bennington County, up about 12.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bennington County, Vermont?
53.0% of households in Bennington County, Vermont own their home, lower than the Vermont average of 58.2%.
What is the vacancy rate in Bennington County, Vermont?
The housing vacancy rate in Bennington County, Vermont is 29.9%, higher than the Vermont average of 20.1%.