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 | Caledonia County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $132,257 | $227,771 | $242,182 |
| Price Trend (Annual %) | -1.2% | 2.3% | 8.2% |
| Median Gross Rent | $904 | $1,192 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Caledonia County is about 42% lower than in Vermont. Rent is about 24% lower than the Vermont average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Caledonia County: home prices fell about 1.2% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
Median rent in Caledonia County rose about 22.4% between 2015 and 2023, from $739 to $904. Over the same span, rent in Vermont rose about 33.3%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Caledonia County.
Buying the median-priced home in Caledonia County costs roughly 12.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Caledonia County. The price-to-rent ratio in Vermont is about 15.9.
| Metric | Caledonia County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $132,257 | $227,771 | $242,182 |
| Median Household Income | $66,933 | $78,253 | $78,145 |
| Price-to-Income Ratio | 2.0 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Caledonia County fell about 2.3%, while median household income rose about 59.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Caledonia County | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.6% | 58.2% | 58.2% |
| Rental Rate | 17.5% | 21.7% | 31.3% |
| Vacancy Rate | 19.9% | 20.1% | 10.6% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Caledonia County has a homeownership rate of 62.6%, higher than the Vermont average of 58.2%. Its housing vacancy rate is 19.9%, compared with 20.1% in Vermont.
Housing Stock
| Metric | Caledonia County | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.30 people | 2.54 people |
| Median Structure Built Year | 1967 | 1971 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Caledonia County was built around 1967. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Caledonia County, Vermont.
What is the median home price in Caledonia County, Vermont?
The median home price in Caledonia County, Vermont is $132,257, lower than the Vermont average of $227,771.
What is the average home price in Caledonia 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 Caledonia County, Vermont?
The median gross rent in Caledonia County, Vermont is $904 per month, lower than the Vermont average of $1,192.
What was the median gross rent in Caledonia County in 2020?
In 2020, the median gross rent in Caledonia County, Vermont was $780 per month.
What is the price-to-rent ratio in Caledonia County, Vermont?
The price-to-rent ratio in Caledonia County, Vermont is about 12.2, meaning it would take roughly 12.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Caledonia County.
Are home prices or rent rising faster in Caledonia County, Vermont?
Home prices and rent are moving in opposite directions in Caledonia County: home prices fell about 1.2% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Caledonia County, Vermont?
62.6% of households in Caledonia County, Vermont own their home, higher than the Vermont average of 58.2%.
What is the vacancy rate in Caledonia County, Vermont?
The housing vacancy rate in Caledonia County, Vermont is 19.9%, lower than the Vermont average of 20.1%.