Bennington, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bennington, VT Real Estate Data


Bennington Housing Market Information

With 15,345 people, 6,261 houses or apartments, and a median cost of homes of $161,133, 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 58.04% 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 ( 23.73%), mobile homes or trailers ( 8.16%), and a few large apartment complexes or high rise apartments ( 8.16%).

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 56.65% owning and 43.35% renting.

There is a lot of housing in Bennington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bennington built before 1939 ( 31.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.91%). There's also some housing in Bennington built between 2000 and later ( 7.43%).

Bennington Home Appreciation Rates

Bennington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bennington during the period has been just -1.54%, which is lower than 80% of US communities.

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 -0.47%, 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 -1.04%, which equates to an annual appreciation rate of -4.09%.

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 80% of the other cities and towns in Vermont.

Average Home Values

 

Median Home Value:
$161,133

Bennington, VT HOME PRICES

Value Range
> $969,000 0.1
$727,001 - $969,000 0.4
$485,001 - $727,000 2.2
$388,001 - $485,000 3.5
$291,001 - $388,000 10.5
$194,001 - $291,000 17.1
$97,001 - $194,000 45.4
$48,001 - $97,000 9.4
$0 - $48,000 11.3

Very Low for VT
Average for Nation

Value Relative to Nation Value Relative to State
44.9490214461502 86.1313868613139

Number Of Homes And Apartments:
6,261

Rent & Ownership

 

Average Market Rent:
$1,128 / per month

Homeownership Rate

Homeownership
Owners 56.65
Renters 43.35
Vacant 7.33

Housing Market Details

 

Age of Homes

AGE OF Bennington HOMES
2000 or Newer 7.4
1970 - 1999 35.8
1940 - 1969 24.9
1939 or Older 31.9

Types of Homes

TYPE OF Bennington HOMES
Single-Family 58.0
Townhomes 1.9
Small Apt. Buildings 23.7
Apt. Complexes 8.2
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Bennington HOMES
No Bedroom 2.62
1 Bedroom 13.75
2 Bedrooms 29.63
3 Bedrooms 35.11
4 Bedrooms 14.48
5 or more bedrooms 4.41

Bennington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
38.60% 1.91% 1 5
* 10 is highest