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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Middlebury, VT Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Middlebury, VT Housing Market Trends

With 9,158 people, 2,828 houses or apartments, and a median cost of homes of $635,183, Middlebury house prices are not only among the most expensive in Vermont, Middlebury 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 Middlebury, accounting for 61.24% of the town's housing units. Other types of housing that are prevalent in Middlebury include duplexes, homes converted to apartments or other small apartment buildings ( 16.19%), large apartment complexes or high rise apartments ( 15.45%), and a few row houses and other attached homes ( 5.29%).

The most prevalent building size and type in Middlebury are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 46.35% owning and 53.65% renting.

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 ( 26.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.62%). There's also some housing in Middlebury built between 2000 and later ( 17.55%).

Vacant housing appears to be an issue in Middlebury. Fully 13.96% 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 83.10%, which ranks in the top 50% nationwide. This equates to an annual average Middlebury house appreciation rate of 6.24%.

Appreciation rates are so strong in Middlebury that despite a nationwide downturn in the housing market, Middlebury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Middlebury appreciation rates continue to be some of the highest in America, at 10.08%, which is higher than appreciation rates in 94.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Middlebury. Middlebury appreciation rates in the latest quarter were at 2.10%, which equates to an annual appreciation rate of 8.66%.

Relative to Vermont, our data show that Middlebury's latest annual appreciation rate is higher than 60% of the other cities and towns in Vermont.

Average Home Values

Median Home Value

$635,183

Middlebury, VT Home Prices
> $1,430,000
$1,072,001 - $1,430,000
$715,001 - $1,072,000
$572,001 - $715,000
$429,001 - $572,000
$286,001 - $429,000
$143,001 - $286,000
$71,001 - $143,000
$0 - $71,000
1.6%
1.6%
3.7%
3.7%
15.2%
15.2%
28.3%
28.3%
17.7%
17.7%
20.0%
20.0%
9.5%
9.5%
0.0%
0.0%
3.9%
3.9%
0% 100.0%
% of Homes
Very High

for Vermont

Very High

for nation

Number of Homes And Apartments:

2,828

Middlebury Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,224 / per month

Homeownership Rate

Owners
Renters
46.4%
46.4%
53.6%
53.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.0%
14.0%
86.0%
86.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.6%
17.6%
37.5%
37.5%
18.6%
18.6%
26.3%
26.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.2%
61.2%
5.3%
5.3%
16.2%
16.2%
15.5%
15.5%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
15.4%
15.4%
28.8%
28.8%
36.8%
36.8%
12.8%
12.8%
3.9%
3.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Middlebury

Zip Codes in Middlebury, VT