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 | Grand Isle County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $536,892 | $227,771 | $242,182 |
| Price Trend (Annual %) | 22.0% | 2.3% | 8.2% |
| Median Gross Rent | $1,435 | $1,192 | $1,342 |
| Rent Trend (Annual %) | 5.7% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grand Isle County is about 136% higher than in Vermont. Rent is about 20% 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 Grand Isle County, up about 22.0% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Grand Isle County rose about 38.2% between 2015 and 2023, from $1,039 to $1,435. Over the same span, rent in Vermont rose about 33.3%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Grand Isle County.
Buying the median-priced home in Grand Isle County costs roughly 31.2 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 Grand Isle County. The price-to-rent ratio in Vermont is about 15.9.
| Metric | Grand Isle County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $536,892 | $227,771 | $242,182 |
| Median Household Income | $91,512 | $78,253 | $78,145 |
| Price-to-Income Ratio | 5.9 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Grand Isle County rose about 212.1%, while median household income rose about 63.0% 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 | Grand Isle County | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.8% | 58.2% | 58.2% |
| Rental Rate | 5.3% | 21.7% | 31.3% |
| Vacancy Rate | 41.9% | 20.1% | 10.6% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
Grand Isle County has a homeownership rate of 52.8%, lower than the Vermont average of 58.2%. Its housing vacancy rate is 41.9%, compared with 20.1% in Vermont.
Housing Stock
| Metric | Grand Isle County | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.30 people | 2.54 people |
| Median Structure Built Year | 1970 | 1971 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Grand Isle County was built around 1970. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grand Isle County, Vermont.
What is the median home price in Grand Isle County, Vermont?
The median home price in Grand Isle County, Vermont is $536,892, higher than the Vermont average of $227,771.
What is the average home price in Grand Isle 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 Grand Isle County, Vermont?
The median gross rent in Grand Isle County, Vermont is $1,435 per month, higher than the Vermont average of $1,192.
What was the median gross rent in Grand Isle County in 2020?
In 2020, the median gross rent in Grand Isle County, Vermont was $1,024 per month.
What is the price-to-rent ratio in Grand Isle County, Vermont?
The price-to-rent ratio in Grand Isle County, Vermont is about 31.2, meaning it would take roughly 31.2 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 Grand Isle County.
Are home prices or rent rising faster in Grand Isle County, Vermont?
Both home prices and rent are rising in Grand Isle County, up about 22.0% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grand Isle County, Vermont?
52.8% of households in Grand Isle County, Vermont own their home, lower than the Vermont average of 58.2%.
What is the vacancy rate in Grand Isle County, Vermont?
The housing vacancy rate in Grand Isle County, Vermont is 41.9%, higher than the Vermont average of 20.1%.