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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 11,462 people, 4,898 houses or apartments, and a median cost of homes of $569,487, Essex house prices are not only among the most expensive in Vermont, Essex real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Essex, accounting for 55.62% of the town's housing units. Other types of housing that are prevalent in Essex include large apartment complexes or high rise apartments ( 18.94%), row houses and other attached homes ( 13.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.83%).
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. Owner-occupied housing accounts for 75.90% of Essex's homes, and 55.92% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Essex 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 built between 2000 and later ( 35.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.59%). There's also some housing in Essex built before 1939 ( 3.50%).
Real estate appreciation rates in Essex's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.45% during the period.
Over the last year, Essex appreciation rates have trailed the rest of the nation. In the last twelve months, Essex's appreciation rate has been 6.26%, 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 were at -0.66%, which equates to an annual appreciation rate of -2.60%.
Notably, Essex's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Vermont, our data show that Essex's latest annual appreciation rate is lower than 80% of the other cities and towns in Vermont.
$569,487
for Vermont
for nation
4,898
$2,260 / per month