Barre, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Barre Neighborhoods Since 2000




Barre, VT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Barre Housing Market Information

With a population of 8,746, 4,031 total housing units (homes and apartments), and a median house value of $156,946, Barre real estate values are some of the lowest in Vermont, although compared to real estate around the nation, Barre homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Barre, accounting for 47.11% of the city's housing units. Other types of housing that are prevalent in Barre include duplexes, homes converted to apartments or other small apartment buildings ( 25.17%), large apartment complexes or high rise apartments ( 22.50%), and a few mobile homes or trailers ( 3.16%).

People in Barre primarily live in small (one, two or no bedroom) single-family detached homes. Barre has a mixture of owner-occupied and renter-occupied housing.

The housing in Barre was primarily built before 1939 ( 52.12%), making the housing stock in Barre some of the oldest overall in America, although there is a range of ages of homes in Barre. The next most important housing age is between 1970-1999 ( 22.62%), followed by between 1940-1969 ( 20.46%). There's also some housing in Barre built between 2000 and later ( 4.80%).

Barre Home Appreciation Rates

Real estate appreciation rates in Barre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

Over the last year, Barre appreciation rates have trailed the rest of the nation. In the last twelve months, Barre's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Barre were at 2.55%, which equates to an annual appreciation rate of 10.60%.

Importantly, this makes Barre one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Vermont, our data show that Barre's latest annual appreciation rate is lower than 70% of the other cities and towns in Vermont.

Average Home Values

 

Median Home Value:
$156,946

Barre, VT HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 0.0
$522,001 - $782,000 0.1
$417,001 - $522,000 0.0
$313,001 - $417,000 1.5
$208,001 - $313,000 10.5
$104,001 - $208,000 72.3
$52,001 - $104,000 10.6
$0 - $52,000 5.1

Very Low for VT
Average for Nation

Value Relative to Nation Value Relative to State
47.0467596390484 89.051094890511

Number Of Homes And Apartments:
4,031

Barre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.82% 2.53% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,031 / per month

Homeownership Rate

Homeownership
Owners 55.16
Renters 44.84
Vacant 5.53

Housing Market Details

 

Age of Homes

AGE OF Barre HOMES
2000 or Newer 4.8
1970 - 1999 22.6
1940 - 1969 20.5
1939 or Older 52.1

Types of Homes

TYPE OF Barre HOMES
Single-Family 47.1
Townhomes 2.1
Small Apt. Buildings 25.2
Apt. Complexes 22.5
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Barre HOMES
No Bedroom 4.03
1 Bedroom 19.33
2 Bedrooms 26.25
3 Bedrooms 37.47
4 Bedrooms 9.42
5 or more bedrooms 3.49