The State of Vermont Area Home Supply Charts

This page looks at a variety of Vermont housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Vermont shows it has a Housing Units of 333,519 which is the second smallest when sorted by housing units of all the other states in the greater region.

Figure 2 illustrates the housing density in the Vermont housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) the state of shows it has a Housing Density of 36.2 which is less than most other states in the local area. The state with the highest housing density in the group is Rhode Island which depicts a density of 465.4 ( appreciably bigger).

In Figure 4, Vermont area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. the state of shows it has a Housing Unit Change of 3.4% which is in the middle range of other states in the local area. The state with the highest change in the housing units in the group is Massachusetts which depicts a housing units of 6.1% (79.3% larger).

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) the state of depicts it has a Renter Percent of 27.9% which is less than most other states in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 72.1% which is the second most owner percent of all the states in the greater Vermont region.

The State of Vermont Home Cost Charts

Looking at the housing data provided in Figure 7, the average Vermont home price is illustrated for this community and a useful analysis of affordable housing. Vermont depicts it has a Median Home Value of $240,600 which is less than most other states in the local area. The state with the highest median home price in the group is Massachusetts which depicts a home price of $424,700 (76.5% larger). Figure 8 provides aggregate comparative data for the Vermont metro area in terms of the median housing rental rate, apartment rent, etc. the state of shows it has a Median Gross Rent of $1,070 which is less than most other states in the area. The state with the highest rental rates in the group is Massachusetts which shows a rental rates of $1,429 (33.6% larger).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Vermont has one of the largest proportions of home price worth less than $50,000 at 6% of the total and is ranked #2. The only larger state being Maine with 11%. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 28% of the total and is ranked #2. The only larger state being Maine with 29%. Third, it has the smallest proportion of home price worth between $750,000 to $1,000,000 at 1% of the total. Also, it has the smallest proportion of home price worth between $1,000,000 to $1,500,000 at 1% of the total. In addition, it has the smallest proportion of home price worth between $1,500,000 to $2,000,000 at 1% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. the state of depicts it has a Median Owner Cost of $1,285 which is less than most other states in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Vermont metro area. it has a Owner Cost as % of HH Income of 20% which is in the mid point range of other states in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. the state of depicts it has a Median Home Value as Percent of Median Earnings of 460% which is in the mid point range of other states in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) the state of shows it has a Median Owner Costs-With Mortgage of $1,701 which is less than most other states in the metropolitan area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $724 which is less than most other states in the metro area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Vermont has the largest proportion of owner cost between $500 and $700 at 17% of the total and is ranked #1. Second, it has the largest proportion of owner cost between $700 and $1,000 at 23% of the total and is ranked #1. Third, it has less than most other states in the local area in terms of owner cost between $3,500 and $4,000 at 2% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) the state of depicts it has a % of Income Owner Costs-With Mortgage of 22% which is the second most cost as a percent of household income of all the states in the greater Vermont region. The state with the highest cost as a percent of household income in the group is Rhode Island which shows a cost as a percent of household income of 23% ( only slightly larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. the state of depicts it has a % of Income Owner Costs-No Mortgage of 14% which is more than all other states in the greater Vermont region.

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Vermont has the percentage of rent as a percent of income is less than 10 pct less than most other states in the local area at 19% of the total. Second, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 16% of the total and is ranked #1. Third, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 23% of the total and is ranked #3. Only #2 Massachusetts (23%), and #1 Connecticut (25%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Vermont has the largest proportion of housing cost between $500 and $700 at 19% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $700 and $1,000 at 25% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $4,570 which is in the middle range of other states in the local area. The state with the highest median real estate taxes paid in the group is Connecticut which shows a taxes paid of $6,153 (34.6% larger).

Figure 22 shows the percentage of renters who pay for utilities in Vermont. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Vermont has the largest proportion of pay extra for utilities at 25% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Vermont has one of the largest proportions of rent between 500 and 750 dollars at 22% of the total and is ranked #2. The only larger state being Maine with 23%.

The State of Vermont Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Vermont has the largest proportion of With Multiple Mortgages at 0% of the total and is ranked #1. Second, it has one of the largest proportions of With HELOC no Primary Mortgage at 39% of the total and is ranked #2. The only larger state being Maine with 39%.

The State of Vermont Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.0 which is less than most other states in the metro area. The state with the highest family members per housing unit in the group is Rhode Island which shows a family members per housing unit of 3.2 (only about 5.4% larger).

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.6 which is the most of all states in the greater Vermont region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1975 which is the second most of all the states in the metro area. The state with the highest year built in the group is New Hampshire which depicts a year built of 1978 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2019 at 11% of the total and is ranked #3. Only #2 New Hampshire (12%), and #1 Maine (12%) are larger. Second, it has the largest proportion of homes built between 1980 to 1989 at 15% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1960 to 1969 at 6% of the total. Also, it has the smallest proportion of homes built between 1950 to 1959 at 3% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 73,362 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of mobile home at 0% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2020 or later less than most other states in the local area at $314,600 of the total. Second, it has less than most other states in the greater region as measured by value of homes built 2010 to 2019 at $284,300 of the total. Third, it has less than most other states in the greater region in order of value of homes built 2000 to 2009 at $275,200 of the total. Also, it has less than most other states in the surrounding region as measured by value of homes built 1990 to 1999 at $254,900 of the total. In addition, it has less than most other states in the greater region in order of value of homes built 1980 to 1989 at $224,000 of the total. Furthermore, it has less than most other states in the metropolitan area as measured by value of homes built 1970 to 1979 at $214,100 of the total. Next it has less than most other states in the local area in terms of value of homes built 1960 to 1969 at $208,500 of the total. Additionally, it has less than most other states in the local area in order of value of homes built 1950 to 1959 at $197,600 of the total. And then, it has less than most other states in the local area when ranked by value of homes built 1940 to 1949 at $215,700 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has one of the largest proportions of occupied housing units at 21% of the total and is ranked #2. The only larger state being Maine with 23%.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Vermont residents. it has a Owner-Household Size of 2.5 which is less than most other states in the local area. The state with the highest homeowner household size in the group is Massachusetts which shows a homeowner household size of 2.7 (8.6% larger).

Figure 37 shows the household size for renters. the state of depicts it has a Renter-Household Size of 2.1 which is less than most other states in the surrounding region. The state with the highest renter household size in the group is Connecticut which shows a renter household sizes of 2.2 (8.2% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 1990 to 1999 at 18% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Vermont has the smallest proportion of renters moved in 2015 to 2018 at 19% of the total. Second, it has the largest proportion of renters moved in 1990 to 1999 at 2% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2005 which is the second most median year that a home owner moved in of all the states in the greater Vermont region. Figure 41 compares the median year that renters moved into their home. the state of indicates it has a Renter Median Year Moved In of 2016 which is the highest of all states in the greater Vermont region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 18% of the total and is ranked #1. Second, it has the smallest proportion of home using bottled, tank, or lp gas at 6% of the total. Third, it has the largest proportion of homes using coal or coke at 14% of the total and is ranked #1. Also, it has the largest proportion of homes using wood at 0% of the total and is ranked #1. In addition, it has one of the largest proportions of homes using solar energy at 2% of the total and is ranked #3. Only #2 Maine (2%), and #1 New Hampshire (2%) are larger.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Vermont housing department, department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. the state of shows it has a Total In Group Quarters of 25,599 which is the second smallest as measured by total people living in group quarters of all the other states in the metropolitan area.