Colchester, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Colchester Neighborhoods Since 2000




Colchester, 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

Colchester Housing Market Information

With a population of 17,383, 6,495 total housing units (homes and apartments), and a median house value of $281,831, 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 55.62% of the town's housing units. Other types of housing that are prevalent in Colchester include large apartment complexes or high rise apartments ( 13.55%), duplexes, homes converted to apartments or other small apartment buildings ( 13.34%), and a few row houses and other attached homes ( 10.30%).

The most prevalent building size and type in Colchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.86% owning and 37.14% renting.

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 1940-1969 ( 21.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.70%). There's also some housing in Colchester built before 1939 ( 9.48%).

Colchester Home Appreciation Rates

Appreciation rates for homes in Colchester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.23%, which ranks in the top 50% nationwide. This equates to an annual average Colchester house appreciation rate of 0.32%.

Over the last year, Colchester appreciation rates have trailed the rest of the nation. In the last twelve months, Colchester's appreciation rate has been -0.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Colchester were at 0.43%, which equates to an annual appreciation rate of 1.73%.

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.

Average Home Values

 

Median Home Value:
$281,831

Colchester, VT HOME PRICES

Value Range
> $1,050,000 2.8
$787,001 - $1,050,000 1.4
$525,001 - $787,000 2.9
$420,001 - $525,000 7.1
$315,001 - $420,000 16.9
$210,001 - $315,000 38.9
$105,001 - $210,000 14.4
$52,001 - $105,000 4.5
$0 - $52,000 11.0

Very High for VT
Very High for Nation

Value Relative to Nation Value Relative to State
18.2761045353334 16.7883211678832

Number Of Homes And Apartments:
6,495

Colchester 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
63.33% 2.88% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,793 / per month

Homeownership Rate

Homeownership
Owners 62.86
Renters 37.14
Vacant 9.84

Housing Market Details

 

Age of Homes

AGE OF Colchester HOMES
2000 or Newer 15.7
1970 - 1999 53.4
1940 - 1969 21.5
1939 or Older 9.5

Types of Homes

TYPE OF Colchester HOMES
Single-Family 55.6
Townhomes 10.3
Small Apt. Buildings 13.3
Apt. Complexes 13.5
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Colchester HOMES
No Bedroom 1.42
1 Bedroom 7.86
2 Bedrooms 36.35
3 Bedrooms 40.32
4 Bedrooms 11.41
5 or more bedrooms 2.64