Vermont Housing Market Prices
Vermont Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the US median$207,791
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Median rent 12% below the US median$1,234
Median Home Price Map: Counties in Vermont
Housing Market Overview
| Metric | Vermont | US Average |
|---|---|---|
| Median Home Price | $207,791 | $248,835 |
| Price Trend (Annual %) | 0.9% | 7.5% |
| Median Gross Rent | $1,234 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Vermont is about 16% lower than in US. Rent is about 12% lower than the US average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Vermont, up about 0.9% and 3.9% a year respectively. Rent is changing faster.
Median rent in Vermont rose about 38.0% between 2015 and 2024, from $894 to $1,234. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Vermont.
Buying the median-priced home in Vermont costs roughly 14.0 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 Vermont. The price-to-rent ratio in US is about 14.7.
| Metric | Vermont | US Average |
|---|---|---|
| Median Home Price | $207,791 | $248,835 |
| Median Household Income | $81,508 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vermont rose about 3.6%, while median household income rose about 49.6% between 2009 and 2025 — 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 | Vermont | US Average |
|---|---|---|
| Homeownership Rate | 59.0% | 58.5% |
| Rental Rate | 21.6% | 31.2% |
| Vacancy Rate | 19.4% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 |
Vermont has a homeownership rate of 59.0%, about the same as the US average of 58.5%. Its housing vacancy rate is 19.4%, compared with 10.2% in US.
Housing Stock
| Metric | Vermont | US Average |
|---|---|---|
| Average Household Size | 2.27 people | 2.53 people |
| Median Structure Built Year | 1972 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 |
The typical housing unit in Vermont was built around 1972. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Vermont Housing Compared With Nearby States
Vermont is the smallest of the 6 states compared here, 646,793 residents against a local median of 3,347,044. Where Vermont breaks from the states next to it is median home price, sitting 42% below the local median of $360,248 at $207,791.
Median rent tells the same story from another angle: $1,234 against a local median of $1,490, 17% below it. The states themselves spread $213,279 on median home price, so Vermont sits at one end of an already wide local range rather than apart from it. Vermont has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vermont | 646,793 | $207,791 #6/6 | $1,234 #6/6 | 73.2% #1/6 |
| New Hampshire | 1,394,471 | $300,691 | $1,490 | 72.8% |
| Massachusetts | 7,031,620 | $494,523 | $1,761 | 62.5% |
| Connecticut | 3,347,044 | $281,244 | $1,481 | 67.4% |
| Rhode Island | 1,100,398 | $360,248 | $1,341 | 63.6% |
| New York | 19,748,855 | $471,885 | $1,621 | 54.3% |
Frequently Asked Questions
Common questions about the housing market in Vermont.
What is the median home price in Vermont?
The median home price in Vermont is $207,791, lower than the US average of $248,835.
What is the average home price in Vermont?
The typical home price in Vermont, reported as the median sale price, is $207,791. 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 Vermont?
The median gross rent in Vermont is $1,234 per month, lower than the US average of $1,407.
What was the median gross rent in Vermont in 2020?
In 2020, the median gross rent in Vermont was $1,000 per month.
What is the price-to-rent ratio in Vermont?
The price-to-rent ratio in Vermont is about 14.0, meaning it would take roughly 14.0 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 Vermont.
Are home prices or rent rising faster in Vermont?
Both home prices and rent are rising in Vermont, up about 0.9% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Vermont?
59.0% of households in Vermont own their home, higher than the US average of 58.5%.
What is the vacancy rate in Vermont?
The housing vacancy rate in Vermont is 19.4%, higher than the US average of 10.2%.
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