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 | Orleans County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $181,713 | $227,771 | $242,182 |
| Price Trend (Annual %) | -1.3% | 2.3% | 8.2% |
| Median Gross Rent | $896 | $1,192 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Orleans County is about 20% lower than in Vermont. Rent is about 25% 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 Orleans County: home prices fell about 1.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Orleans County rose about 28.0% between 2015 and 2023, from $700 to $896. Over the same span, rent in Vermont rose about 33.3%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Orleans County.
Buying the median-priced home in Orleans County costs roughly 16.9 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 Orleans County. The price-to-rent ratio in Vermont is about 15.9.
| Metric | Orleans County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $181,713 | $227,771 | $242,182 |
| Median Household Income | $66,393 | $78,253 | $78,145 |
| Price-to-Income Ratio | 2.7 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Orleans County rose about 5.0%, while median household income rose about 63.2% 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 | Orleans County | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 58.2% | 58.2% |
| Rental Rate | 14.2% | 21.7% | 31.3% |
| Vacancy Rate | 29.1% | 20.1% | 10.6% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Orleans County has a homeownership rate of 56.7%, lower than the Vermont average of 58.2%. Its housing vacancy rate is 29.1%, compared with 20.1% in Vermont.
Housing Stock
| Metric | Orleans County | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.30 people | 2.54 people |
| Median Structure Built Year | 1975 | 1971 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Orleans County was built around 1975. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Orleans County, Vermont.
What is the median home price in Orleans County, Vermont?
The median home price in Orleans County, Vermont is $181,713, lower than the Vermont average of $227,771.
What is the average home price in Orleans 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 Orleans County, Vermont?
The median gross rent in Orleans County, Vermont is $896 per month, lower than the Vermont average of $1,192.
What was the median gross rent in Orleans County in 2020?
In 2020, the median gross rent in Orleans County, Vermont was $804 per month.
What is the price-to-rent ratio in Orleans County, Vermont?
The price-to-rent ratio in Orleans County, Vermont is about 16.9, meaning it would take roughly 16.9 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 Orleans County.
Are home prices or rent rising faster in Orleans County, Vermont?
Home prices and rent are moving in opposite directions in Orleans County: home prices fell about 1.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Orleans County, Vermont?
56.7% of households in Orleans County, Vermont own their home, lower than the Vermont average of 58.2%.
What is the vacancy rate in Orleans County, Vermont?
The housing vacancy rate in Orleans County, Vermont is 29.1%, higher than the Vermont average of 20.1%.