Median real estate price in the Town Center of Middlebury is $193,484, which is more expensive than 39.3% of the neighborhoods in Vermont and 51.6% of the neighborhoods in the U.S.
The average rental price in Middlebury Town Center is currently $1,274, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.2% of the neighborhoods in Vermont.
Middlebury Town Center is a suburban neighborhood (based on population density) located in Middlebury, Vermont.
Real estate in the Town Center of Middlebury, VT is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Town Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Middlebury Town Center. The current real estate vacancy rate here is 17.7%. This is higher than the rate of vacancies in 81.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.