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 | Chittenden County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $334,415 | $227,771 | $242,182 |
| Price Trend (Annual %) | 8.1% | 2.3% | 8.2% |
| Median Gross Rent | $1,590 | $1,192 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chittenden County is about 47% higher than in Vermont. Rent is about 33% higher 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 Chittenden County, up about 8.1% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Chittenden County rose about 44.3% between 2015 and 2023, from $1,102 to $1,590. Over the same span, rent in Vermont rose about 33.3%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Chittenden County.
Buying the median-priced home in Chittenden County costs roughly 17.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Chittenden County. The price-to-rent ratio in Vermont is about 15.9.
| Metric | Chittenden County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $334,415 | $227,771 | $242,182 |
| Median Household Income | $93,740 | $78,253 | $78,145 |
| Price-to-Income Ratio | 3.6 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Chittenden County rose about 34.0%, while median household income rose about 57.2% 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 | Chittenden County | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 58.2% | 58.2% |
| Rental Rate | 34.7% | 21.7% | 31.3% |
| Vacancy Rate | 4.8% | 20.1% | 10.6% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
Chittenden County has a homeownership rate of 60.5%, higher than the Vermont average of 58.2%. Its housing vacancy rate is 4.8%, compared with 20.1% in Vermont.
Housing Stock
| Metric | Chittenden County | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.30 people | 2.54 people |
| Median Structure Built Year | 1977 | 1971 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Chittenden County was built around 1977. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chittenden County, Vermont.
What is the median home price in Chittenden County, Vermont?
The median home price in Chittenden County, Vermont is $334,415, higher than the Vermont average of $227,771.
What is the average home price in Chittenden 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 Chittenden County, Vermont?
The median gross rent in Chittenden County, Vermont is $1,590 per month, higher than the Vermont average of $1,192.
What was the median gross rent in Chittenden County in 2020?
In 2020, the median gross rent in Chittenden County, Vermont was $1,293 per month.
What is the price-to-rent ratio in Chittenden County, Vermont?
The price-to-rent ratio in Chittenden County, Vermont is about 17.5, meaning it would take roughly 17.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Chittenden County.
Are home prices or rent rising faster in Chittenden County, Vermont?
Both home prices and rent are rising in Chittenden County, up about 8.1% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chittenden County, Vermont?
60.5% of households in Chittenden County, Vermont own their home, higher than the Vermont average of 58.2%.
What is the vacancy rate in Chittenden County, Vermont?
The housing vacancy rate in Chittenden County, Vermont is 4.8%, lower than the Vermont average of 20.1%.