Real Estate Relocation Guide To Vermont

Relocating from Chicago to Vermont is a major move. You’re crossing state lines and heading 900 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Burlington or Montpelier you can get a good idea of the Vermont landscape and locate the best area for you and your family.

We’ll start with the big picture… Vermont has an estimated population of 623,900* and around 9,250 square miles of land. The total number of housing units is 309,566, of which about 182,400 are owner-occupied and 71,400 are inhabited by renters. Roughly 71,400, or 18 percent, of the residences in the state are vacant. The median home value in Vermont is $193,000 and the median household income is $47,665. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Vermont, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Vermont real estate has to offer…

About 1,500 homes in Vermont are new construction, developed in 2005 or after (another 13,800 were put up between 2000 and 2004). Vermont has its share of vintage charm as well with 92,400 residences built prior to 1940. The total number of detached, single-family houses across the state is 207,200, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Green Mountain State, monthly mortgage costs in [Alabama] generally hover between $700 and 2,000+.

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*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com