Bennington, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bennington Neighborhoods Since 2000




Bennington, 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

Bennington Housing Market Information

With a population of 15,345, 6,261 total housing units (homes and apartments), and a median house value of $164,770, 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 -1.31%, which is lower than 70% 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 2.80%, 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 10.60%.

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

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

Average Home Values

 

Median Home Value:
$164,770

Bennington, VT HOME PRICES

Value Range
> $991,000 0.1
$743,001 - $991,000 0.4
$496,001 - $743,000 2.2
$397,001 - $496,000 3.5
$297,001 - $397,000 10.5
$198,001 - $297,000 17.1
$99,001 - $198,000 45.4
$50,001 - $99,000 9.4
$0 - $50,000 11.3

Very Low for VT
Average for Nation

Value Relative to Nation Value Relative to State
43.7185046290871 86.1313868613139

Number Of Homes And Apartments:
6,261

Bennington 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
41.68% 2.04% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,175 / 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