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 a population of 7,871, 3,287 total housing units (homes and apartments), and a median house value of $625,720, Shelburne house prices are not only among the most expensive in Vermont, Shelburne 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 Shelburne, accounting for 63.66% of the town's housing units. Other types of housing that are prevalent in Shelburne include large apartment complexes or high rise apartments ( 14.81%), row houses and other attached homes ( 8.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.77%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shelburne. Owner-occupied housing accounts for 71.06% of Shelburne's homes, and 58.86% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Shelburne 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 Shelburne built between 2000 and later ( 25.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.64%). There's also some housing in Shelburne built before 1939 ( 9.06%).
Real estate appreciation rates in Shelburne's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.64% during the period.
Appreciation rates are so strong in Shelburne that despite a nationwide downturn in the housing market, Shelburne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shelburne appreciation rates continue to be some of the highest in America, at 8.57%, which is higher than appreciation rates in 90.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shelburne. Shelburne appreciation rates in the latest quarter were at 2.50%, which equates to an annual appreciation rate of 10.39%.
Importantly, this makes Shelburne 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 Shelburne's latest annual appreciation rate is lower than 80% of the other cities and towns in Vermont.
$625,720
for Vermont
for nation
3,287
$2,073 / per month