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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Colchester, VT Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Colchester, VT Housing Market Trends

With a population of 17,604, 6,959 total housing units (homes and apartments), and a median house value of $504,278, Colchester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Colchester, accounting for 54.36% of the town's housing units. Other types of housing that are prevalent in Colchester include duplexes, homes converted to apartments or other small apartment buildings ( 14.89%), large apartment complexes or high rise apartments ( 13.02%), and a few row houses and other attached homes ( 9.30%).

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

There is a lot of housing in Colchester 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 Colchester built between 2000 and later ( 24.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.74%). There's also some housing in Colchester built before 1939 ( 11.96%).

Colchester Home Appreciation Rates

Real estate appreciation rates in Colchester's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.76% during the period.

Appreciation rates are so strong in Colchester that despite a nationwide downturn in the housing market, Colchester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Colchester appreciation rates continue to be some of the highest in America, at 8.57%, which is higher than appreciation rates in 90.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Colchester. Colchester appreciation rates in the latest quarter were at 2.50%, which equates to an annual appreciation rate of 10.39%.

Importantly, this makes Colchester 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 Colchester's latest annual appreciation rate is lower than 90% of the other cities and towns in Vermont.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Colchester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Colchester - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Colchester real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$504,278

Colchester, VT Home Prices
> $1,382,000
$1,036,001 - $1,382,000
$691,001 - $1,036,000
$553,001 - $691,000
$415,001 - $553,000
$276,001 - $415,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
1.6%
1.6%
3.8%
3.8%
10.3%
10.3%
16.3%
16.3%
23.3%
23.3%
23.3%
23.3%
7.0%
7.0%
4.3%
4.3%
10.2%
10.2%
0% 100.0%
% of Homes
Very High

for Vermont

Very High

for nation

Number of Homes And Apartments:

6,959

Colchester Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,930 / per month

Homeownership Rate

Owners
Renters
63.9%
63.9%
36.1%
36.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.4%
24.4%
47.9%
47.9%
15.7%
15.7%
12.0%
12.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.4%
54.4%
9.3%
9.3%
14.9%
14.9%
13.0%
13.0%
8.4%
8.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
9.4%
9.4%
43.3%
43.3%
35.5%
35.5%
9.0%
9.0%
1.9%
1.9%
0% 100.0%
% of Homes