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
With 8,557 people, 2,791 houses or apartments, and a median cost of homes of $271,419, Middlebury real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Middlebury, accounting for 50.72% of the town's housing units. Other types of housing that are prevalent in Middlebury include large apartment complexes or high rise apartments ( 20.43%), duplexes, homes converted to apartments or other small apartment buildings ( 15.70%), and a few row houses and other attached homes ( 9.13%).
People in Middlebury primarily live in small (one, two or no bedroom) single-family detached homes. Middlebury has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Middlebury 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 Middlebury built before 1939 ( 24.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.99%). There's also some housing in Middlebury built between 2000 and later ( 18.86%).
Vacant housing appears to be an issue in Middlebury. Fully 10.92% of the housing stock is classified as vacant. Left unchecked, vacant Middlebury homes and apartments can be a drag on the real estate market, holding Middlebury real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Middlebury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.86%, which ranks in the top 40% nationwide. This equates to an annual average Middlebury house appreciation rate of 0.57%.
NeighborhoodScout's data show that during the latest twelve months, Middlebury's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Middlebury's appreciation rate has been 2.55%, which annualizes to a rate of 10.60%.
Importantly, this makes Middlebury 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 Middlebury's latest annual appreciation rate is higher than 90% of the other cities and towns in Vermont.
|$812,001 - $1,082,000||2.1|
|$541,001 - $812,000||4.2|
|$433,001 - $541,000||9.0|
|$325,001 - $433,000||24.9|
|$217,001 - $325,000||22.1|
|$108,001 - $217,000||30.6|
|$54,001 - $108,000||1.9|
|$0 - $54,000||5.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Middlebury HOMES|
|2000 or Newer||18.9|
|1970 - 1999||34.8|
|1940 - 1969||22.0|
|1939 or Older||24.4|
|TYPE OF Middlebury HOMES|
|Small Apt. Buildings||15.7|
|SIZE OF Middlebury HOMES|
|5 or more bedrooms||3.19|