Bennington appreciation rates and housing market information
Bennington housing market information
With 15,691 people, 6,246 houses or apartments, and a median cost of homes of $150,154, Bennington real estate values are some of the lowest in Vermont, although compared to real estate around the nation, Bennington homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Bennington, accounting for 51.91% 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 (25.05%), large apartment complexes or high rise apartments (10.96%), and a few mobile homes or trailers (9.22%).
The most prevalent building size and type in Bennington are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.45% owning and 40.55% renting.
The housing in Bennington was primarily built before 1939 (38.27%), 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 (35.23%), followed by between 1940-1969 (21.62%). There's also some housing in Bennington built between 2000 and later (4.89%).
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 23.09%, which ranks in the top 40% nationwide. This equates to an annual average Bennington house appreciation rate of 2.10%.
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 -0.29%, 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 0.05%, which equates to an annual appreciation rate of 0.22%.
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.