Best Places To Buy A House In Vermont For 2020


Using science and data, we can tell you which places in Vermont have seen home prices rising and people flocking over the past year.

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2020.

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There's a the age old question everyone thinks about when they decide to move to a city in Vermont:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Vermont, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Green Mountain State.

To do that we are going to look at places in Vermont that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Vermont at the moment? That would be Manchester Center according to our analysis.

Here's a look at the top ten places to buy a home in vermont for 2020:

  1. Manchester Center (Homes For Sale)
  2. West Rutland (Homes For Sale)
  3. Windsor (Photos | Homes For Sale)
  4. Morrisville (Photos | Homes For Sale)
  5. Milton (Photos | Homes For Sale)
  6. Randolph (Photos | Homes For Sale)
  7. Fair Haven (Photos | Homes For Sale)
  8. White River Junction (Homes For Sale)
  9. Swanton (Photos | Homes For Sale)
  10. Vergennes (Photos | Homes For Sale)

What's the best place to buy a home in Vermont for 2020? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in vermont and, for those of you on a budget, the cheapest places to live in vermont.

For more Vermont reading, check out:

The 10 Best Cities To Buy A House In Vermont For 2020

Overall SnackAbility

5
/10

Population: 2,033
Median Home Price: $280,900
Population Change: -16.8%
Home Price Change: 0.6%
More on Manchester Center: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 2,151
Median Home Price: $150,400
Population Change: 0.4%
Home Price Change: -0.9%
More on West Rutland: Homes For Sale | Data

Windsor, VT

Overall SnackAbility

5
/10

Population: 2,157
Median Home Price: $161,400
Population Change: 2.1%
Home Price Change: 1.3%
More on Windsor: PhotosHomes For Sale | Data

Morrisville, VT

Source: Public domain
Overall SnackAbility

5
/10

Population: 2,183
Median Home Price: $169,700
Population Change: 2.6%
Home Price Change: -4.2%
More on Morrisville: PhotosHomes For Sale | Data

Milton, VT

Overall SnackAbility

5
/10

Population: 2,217
Median Home Price: $246,100
Population Change: 0.7%
Home Price Change: -1.8%
More on Milton: PhotosHomes For Sale | Data

Randolph, VT

Overall SnackAbility

5
/10

Population: 2,225
Median Home Price: $180,300
Population Change: 3.0%
Home Price Change: -0.3%
More on Randolph: PhotosHomes For Sale | Data

Fair Haven, VT

Overall SnackAbility

5
/10

Population: 2,280
Median Home Price: $143,500
Population Change: -1.9%
Home Price Change: -1.8%
More on Fair Haven: PhotosHomes For Sale | Data

Overall SnackAbility

6
/10

Population: 2,290
Median Home Price: $205,600
Population Change: -8.2%
Home Price Change: 4.5%
More on White River Junction: Homes For Sale | Data

Swanton, VT

Overall SnackAbility

4
/10

Population: 2,371
Median Home Price: $172,900
Population Change: -9.9%
Home Price Change: -3.4%
More on Swanton: PhotosHomes For Sale | Data

Vergennes, VT

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 2,612
Median Home Price: $220,900
Population Change: 0.2%
Home Price Change: 1.8%
More on Vergennes: PhotosHomes For Sale | Data

How do you determine the best places to buy a home in vermont for 2020?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Vermont. Put differently, the analysis will try to find places in Vermont with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2014-2018 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Vermont with the following caveats:

So of the 0 cities and towns in Vermont, only 26 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 26 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Manchester Center is the best potential gem in the not-so-rough in the Green Mountain State.

Read on for more on these places.

There You Have It - The Best Places To Purchase A House In vermont for 2020

There's our analysis of the best places to buy a house in Vermont. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more vermont reading, check out:

Detailed List Of The Best Places To Buy A Home In Vermont

City Rank Median Home Price Population Change Home Price Increase
Manchester Center 1 $280,900 -16.8% 0.6%
West Rutland 2 $150,400 0.4% -0.9%
Windsor 3 $161,400 2.1% 1.3%
Morrisville 4 $169,700 2.6% -4.2%
Milton 5 $246,100 0.7% -1.8%
Randolph 6 $180,300 3.0% -0.3%
Fair Haven 7 $143,500 -1.9% -1.8%
White River Junction 8 $205,600 -8.2% 4.5%
Swanton 9 $172,900 -9.9% -3.4%
Vergennes 10 $220,900 0.2% 1.8%
West Brattleboro 11 $161,300 3.7% -11.8%
Bellows Falls 12 $130,800 -0.9% -2.3%
Springfield 13 $137,000 8.2% 4.3%
Newport 14 $124,600 -0.9% -4.0%
St. Johnsbury 15 $141,500 1.6% -4.9%
Brattleboro 16 $193,300 -2.4% -0.5%
St. Albans 17 $177,700 -0.3% 3.1%
Middlebury 18 $272,300 -2.4% 4.1%
Winooski 19 $221,800 0.4% 2.2%
Montpelier 20 $247,600 -0.5% 5.2%
Barre 21 $154,300 -0.8% 1.8%
Bennington 22 $157,300 0.3% -0.8%
Essex Junction 23 $283,400 2.6% 4.0%
Rutland 24 $152,800 -1.0% 1.3%
South Burlington 25 $299,100 1.1% 6.5%
Burlington 26 $279,000 0.1% 4.3%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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