Bennington appreciation rates and housing market information
Bennington housing market information
With 15,698 people, 6,246 houses or apartments, and a median cost of homes of $152,445, Bennington real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bennington, accounting for 51.69% of the town's housing units. Other types of housing that are prevalent in Bennington include duplexes, homes converted to apartments or other small apartment buildings (25.76%), large apartment complexes or high rise apartments (10.35%), and a few mobile homes or trailers (9.58%).
People in Bennington primarily live in small (one, two or no bedroom) single-family detached homes. Bennington has a mixture of owner-occupied and renter-occupied housing.
The housing in Bennington was primarily built before 1939 (38.57%), making the housing stock in Bennington some of the oldest overall in America, although there is a range of ages of homes in Bennington. The next most important housing age is between 1970-1999 (33.61%), followed by between 1940-1969 (23.04%). There's also some housing in Bennington built between 2000 and later (4.78%).
Bennington home appreciation rates
Appreciation rates for homes in Bennington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 16.85%, which ranks in the top 30% nationwide. This equates to an annual average Bennington house appreciation rate of 1.57%.
Over the last year, Bennington appreciation rates have trailed the rest of the nation. In the last twelve months, Bennington's appreciation rate has been -2.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bennington were at -2.55%, which equates to an annual appreciation rate of -9.80%.
Notably, Bennington's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Vermont, our data show that Bennington's latest annual appreciation rate is lower than 60% of the other cities and towns in Vermont.