Essex Junction, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Essex Junction Neighborhoods Since 2000




Essex Junction, 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

Essex Junction Housing Market Information

With 20,946 people, 8,360 houses or apartments, and a median cost of homes of $292,868, Essex Junction real estate is some of the most expensive in Vermont, although Essex Junction home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Essex Junction, accounting for 54.92% of the town's housing units. Other types of housing that are prevalent in Essex Junction include large apartment complexes or high rise apartments ( 15.25%), row houses and other attached homes ( 14.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Essex Junction. Owner-occupied housing accounts for 71.40% of Essex Junction's homes, and 54.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Essex Junction 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 Essex Junction built between 1940-1969 ( 22.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.37%). There's also some housing in Essex Junction built before 1939 ( 6.51%).

Essex Junction Home Appreciation Rates

Appreciation rates for homes in Essex Junction have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.45%, which ranks in the top 50% nationwide. This equates to an annual average Essex Junction house appreciation rate of 0.44%.

Over the last year, Essex Junction appreciation rates have trailed the rest of the nation. In the last twelve months, Essex Junction's appreciation rate has been 2.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Essex Junction were at 0.43%, which equates to an annual appreciation rate of 1.73%.

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

Average Home Values

 

Median Home Value:
$292,868

Essex Junction, VT HOME PRICES

Value Range
> $1,072,000 0.0
$804,001 - $1,072,000 0.6
$536,001 - $804,000 4.1
$429,001 - $536,000 7.1
$321,001 - $429,000 26.1
$214,001 - $321,000 38.7
$107,001 - $214,000 19.9
$54,001 - $107,000 0.3
$0 - $54,000 3.2

Very High for VT
Very High for Nation

Value Relative to Nation Value Relative to State
16.9342552443455 13.1386861313869

Number Of Homes And Apartments:
8,360

Essex Junction 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
65.05% 2.95% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,509 / per month

Homeownership Rate

Homeownership
Owners 71.40
Renters 28.60
Vacant 2.23

Housing Market Details

 

Age of Homes

AGE OF Essex Junction HOMES
2000 or Newer 19.4
1970 - 1999 51.9
1940 - 1969 22.2
1939 or Older 6.5

Types of Homes

TYPE OF Essex Junction HOMES
Single-Family 54.9
Townhomes 14.3
Small Apt. Buildings 13.5
Apt. Complexes 15.2
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Essex Junction HOMES
No Bedroom 0.85
1 Bedroom 9.20
2 Bedrooms 32.52
3 Bedrooms 35.79
4 Bedrooms 19.20
5 or more bedrooms 2.43