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Counties with the lowest home prices in Vermont
The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs鈥攚hile good for sellers鈥攁re pricing many buyers out of the market entirely.
But all things are not equal when it comes to real estate in the United States.
used 2021 data calculated by the to compile a list of counties with the lowest median home values and monthly mortgage payments in Vermont. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.
The calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency's growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.
Keep reading to discover which county in Vermont has the lowest home prices.
#14. Chittenden County
- Monthly mortgage payment in 2019: $1,311
- Median home value in 2020: $341,400
- Ranked #2,940 out of 3,120 counties nationwide
#13. Grand Isle County
- Monthly mortgage payment in 2019: $1,179
- Median home value in 2020: $290,200
- Ranked #2,829 out of 3,120 counties nationwide
#12. Addison County
- Monthly mortgage payment in 2019: $1,064
- Median home value in 2020: $269,200
- Ranked #2,761 out of 3,120 counties nationwide
#11. Washington County
- Monthly mortgage payment in 2019: $980
- Median home value in 2020: $244,700
- Ranked #2,672 out of 3,120 counties nationwide
#10. Lamoille County
- Monthly mortgage payment in 2019: $1,003
- Median home value in 2020: $243,300
- Ranked #2,659 out of 3,120 counties nationwide
#9. Windsor County
- Monthly mortgage payment in 2019: $954
- Median home value in 2020: $242,100
- Ranked #2,649 out of 3,120 counties nationwide
#8. Windham County
- Monthly mortgage payment in 2019: $935
- Median home value in 2020: $231,000
- Ranked #2,588 out of 3,120 counties nationwide
#7. Franklin County
- Monthly mortgage payment in 2019: $929
- Median home value in 2020: $228,300
- Ranked #2,574 out of 3,120 counties nationwide
#6. Bennington County
- Monthly mortgage payment in 2019: $920
- Median home value in 2020: $223,800
- Ranked #2,549 out of 3,120 counties nationwide
#5. Orange County
- Monthly mortgage payment in 2019: $844
- Median home value in 2020: $207,800
- Ranked #2,445 out of 3,120 counties nationwide
#4. Rutland County
- Monthly mortgage payment in 2019: $777
- Median home value in 2020: $191,300
- Ranked #2,317 out of 3,120 counties nationwide
#3. Caledonia County
- Monthly mortgage payment in 2019: $740
- Median home value in 2020: $182,800
- Ranked #2,242 out of 3,120 counties nationwide
#2. Orleans County
- Monthly mortgage payment in 2019: $714
- Median home value in 2020: $174,700
- Ranked #2,127 out of 3,120 counties nationwide
#1. Essex County
- Monthly mortgage payment in 2019: $580
- Median home value in 2020: $147,300
- Ranked #1,732 out of 3,120 counties nationwide
