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 | Rutland County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,930 | $227,771 | $242,182 |
| Price Trend (Annual %) | 2.0% | 2.3% | 8.2% |
| Median Gross Rent | $964 | $1,192 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rutland County is about 15% lower than in Vermont. Rent is about 19% lower 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 Rutland County, up about 2.0% and 2.6% a year respectively. Rent is changing faster.
Median rent in Rutland County rose about 22.9% between 2015 and 2023, from $784 to $964. Over the same span, rent in Vermont rose about 33.3%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Rutland County.
Buying the median-priced home in Rutland County costs roughly 16.7 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 Rutland County. The price-to-rent ratio in Vermont is about 15.9.
| Metric | Rutland County | Vermont Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,930 | $227,771 | $242,182 |
| Median Household Income | $64,479 | $78,253 | $78,145 |
| Price-to-Income Ratio | 3.0 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rutland County rose about 9.7%, while median household income rose about 39.4% 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 | Rutland County | Vermont Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.4% | 58.2% | 58.2% |
| Rental Rate | 20.5% | 21.7% | 31.3% |
| Vacancy Rate | 25.1% | 20.1% | 10.6% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Rutland County has a homeownership rate of 54.4%, lower than the Vermont average of 58.2%. Its housing vacancy rate is 25.1%, compared with 20.1% in Vermont.
Housing Stock
| Metric | Rutland County | Vermont Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.30 people | 2.54 people |
| Median Structure Built Year | 1961 | 1971 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Rutland County was built around 1961. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rutland County, Vermont.
What is the median home price in Rutland County, Vermont?
The median home price in Rutland County, Vermont is $192,930, lower than the Vermont average of $227,771.
What is the average home price in Rutland 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 Rutland County, Vermont?
The median gross rent in Rutland County, Vermont is $964 per month, lower than the Vermont average of $1,192.
What was the median gross rent in Rutland County in 2020?
In 2020, the median gross rent in Rutland County, Vermont was $843 per month.
What is the price-to-rent ratio in Rutland County, Vermont?
The price-to-rent ratio in Rutland County, Vermont is about 16.7, meaning it would take roughly 16.7 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 Rutland County.
Are home prices or rent rising faster in Rutland County, Vermont?
Both home prices and rent are rising in Rutland County, up about 2.0% and 2.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Rutland County, Vermont?
54.4% of households in Rutland County, Vermont own their home, lower than the Vermont average of 58.2%.
What is the vacancy rate in Rutland County, Vermont?
The housing vacancy rate in Rutland County, Vermont is 25.1%, higher than the Vermont average of 20.1%.