Middlebury, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Middlebury Neighborhoods Since 2000




Middlebury, 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

Middlebury Housing Market Information

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.

Middlebury Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$271,419

Middlebury, VT HOME PRICES

Value Range
> $1,082,000 0.0
$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

High for VT
Very High for Nation

Value Relative to Nation Value Relative to State
19.5534981835228 21.1678832116788

Number Of Homes And Apartments:
2,791

Middlebury 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
76.13% 3.34% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,169 / per month

Homeownership Rate

Homeownership
Owners 38.82
Renters 61.18
Vacant 10.92

Housing Market Details

 

Age of Homes

AGE OF Middlebury HOMES
2000 or Newer 18.9
1970 - 1999 34.8
1940 - 1969 22.0
1939 or Older 24.4

Types of Homes

TYPE OF Middlebury HOMES
Single-Family 50.7
Townhomes 9.1
Small Apt. Buildings 15.7
Apt. Complexes 20.4
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Middlebury HOMES
No Bedroom 1.15
1 Bedroom 21.58
2 Bedrooms 32.24
3 Bedrooms 28.06
4 Bedrooms 13.79
5 or more bedrooms 3.19

Popular Neighborhoods in Middlebury

Zip Codes in Middlebury, VT