Vermont Real Estate and Livability Trends
Vermont's real estate market has seen significant growth, with median home values jumping from $217,500 in 2015 to $272,400 in 2022, surpassing the national average. This spike, coupled with substantial increases in state and local income taxes, suggests growing financial demands on residents. However, the state’s political leanings, with about 65% of votes favoring Democratic candidates in the... Read more
Vermont Market Trends
Vermont's real estate market has shown a notable upward trend, with median home values rising from $217,500 in 2015 to $272,400 in 2022, outpacing the national growth rate. Additionally, residential energy tax credits have fluctuated significantly, peaking at $4,417.77 in 2018 before dropping to $1,833.07 in 2021, reflecting varying investments in energy efficiency. Real estate taxes have also... Read more
Median Value of Occupied Housing Units in Vermont Over the Last 8 Years
Over the past eight years, Vermont's median home values have shown a steady increase, jumping from $217,500 in 2015 to $272,400 in 2022. This rise significantly outpaces the national growth rate, where the median home value went from $125,500 to $179,400 during the same period. Vermont's real estate market appears more robust, indicating potential for strong investment opportunities and increased desirability for those considering a move. Whether you're looking to invest, build, or simply stay informed, Vermont's upward trajectory in home values could be an interesting trend to watch.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Vermont over the last 10 years
Active Loans 30-60 Days Past Due in Vermont over the last 10 years in Vermont
Perent of loans that are Active Loans 90-180 Days Past Due in Vermont over the last 10 years in Vermont
Residential Energy Tax Credit Per Tax Return in Vermont Over the Last 9 Years
Over the past nine years in Vermont, residential energy tax credits per tax return have shown significant fluctuation, peaking dramatically in 2018 at $4,417.77. Before this spike, values were generally increasing, with a notable jump between 2014 and 2015 from $1,083.08 to $1,408.96. Post-2018, the average tax credit saw a drop, settling at $1,833.07 in 2021. These trends suggest varying investments in energy-efficient residential improvements, with potential implications for property values and energy costs, impacting decisions for investors, homebuyers, appraisers, and real estate agents.
Average Real Estate Taxes Per Tax Return in Vermont Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Vermont have shown a steady upward trend, starting from around $5,184.37 in 2012 to reaching approximately $8,837.73 in 2021. This consistent increase, especially notable between 2017 and 2018 and maintaining momentum thereafter, suggests a growing financial burden on property owners. Potential investors, residents, appraisers, and insurance agents should be mindful of this trend as it reflects on the evolving landscape of property-related expenses in the state.
Percentage of Farm Returns in Vermont Over the Last 10 Years
Over the past decade, Vermont has seen a steady decline in the percentage of farm tax returns, dropping from around 1.37% in 2012 to just over 1.16% in 2021. Farm tax returns are filed by agricultural businesses to report income, expenses, and net profits, playing a key role in gauging the financial health and economic contribution of the farming sector. This downward trend could be indicative of various economic pressures on the farming community and might be a consideration for those looking to invest, move to, or build property in the region. It could suggest challenges in the agricultural sector that might impact local economies and community sustenance.
Economic Outlook
In Vermont, average taxable incomes per tax return have climbed from around $55,678.69 in 2013 to approximately $81,684.28 in 2021, suggesting a potential uptick in income levels and economic stability. Meanwhile, state and local income taxes have surged dramatically, from $5,984.31 in 2012 to $18,997.83 by 2021, particularly after 2017. Average total tax liability per return has also risen, growing from roughly $8,501.87 in 2012 to about $13,611.82 in 2021. These upward trends in income and... Read more
Average Taxable Income per Tax Return in Vermont over the last 9 years
Average taxable incomes per tax return in Vermont have seen a consistent increase over the past nine years, starting at approximately $55,678.69 in 2013 and reaching a peak of around $81,684.28 in 2021. This upward trend could be indicative of an overall growth in income levels, which might make the state more attractive to potential investors and real estate developers. The steady rise also suggests increased economic stability, which is a positive indicator for property appraisal and insurance assessments. However, the significant rise in 2021 might warrant a deeper analysis to understand any underlying factors driving this spike.
Average State and Local Income Taxes Per Tax Return in Vermont Over the Last 10 Years
Vermont has seen a substantial rise in average state and local income taxes per tax return over the past decade. Starting at $5,984.31 in 2012, the figure has spiked dramatically, reaching $18,997.83 by 2021. This sharp increase is notable after 2017, where taxes jumped markedly, potentially reflecting a combination of economic factors and legislative changes. This upward trend is particularly relevant for potential residents, investors, real estate agents, and insurance agents, as it highlights a growing tax burden that could influence property values, cost of living, and overall financial planning.
Average Total Tax Liability Per Tax Return in Vermont Over the Last 10 Years
Over the past decade in Vermont, the average total tax liability per return has seen a notable upward trend, rising from around $8,501.87 in 2012 to approximately $13,611.82 in 2021. This steady increase highlights potential tax policy changes or economic factors influencing higher taxable incomes. For investors, real estate professionals, and insurance agents, understanding these shifts is crucial for forecasting financial planning and property values. Homebuyers and current residents might find this information valuable when budgeting for potential tax liabilities.
Cost of Living in Vermont
Safety trends & Data
Property crime trends in Vermont over the last five years show notable shifts. Arson peaked at 101 cases in 2022, and motor vehicle thefts remained relatively steady. Fraud, the most significant concern, increased to 1,610 cases in 2019 but slightly tapered to 1,341 in 2022. Vandalism spiked in 2021 with 492 incidents. Investments in security measures and property insurance may be advisable given these patterns. This data matters for anyone involved in real estate or considering a move to... Read more
Property Crime Trends in Vermont Over the Last 5 Years
Property crime trends in Vermont over the last five years show some notable shifts. Arson and motor vehicle theft incidents exhibit variability, with arson peaking at 101 cases in 2022 and vehicle theft remaining relatively steady. Fraud continues to be the most significant concern with a notable increase, reaching 1,610 cases in 2019 and slightly tapering off to 1,341 in 2022. Vandalism cases, while fluctuating, spiked in 2021 with 492 reported incidents. Investments in security measures and property insurance may be advisable given these patterns. This data matters for anyone involved in real estate, insurance, or considering a move to Vermont, as it indicates potential risk factors and areas needing attention.
Demographics
Vermont's demographic landscape highlights a slightly higher female population compared to males. The state shows a robust educational profile, with a significant segment having obtained at least a high school diploma and many advancing to higher degrees. Age distribution suggests a relatively balanced spread across age groups, with notable populations in the mid-life and retirement brackets, hinting at a stable age progression. Racially, Vermont remains predominantly White, though small but... Read more
Race Distribution in Vermont (2022)
Educational Attainment in Vermont (2022)
Age Distribution in Vermont
Citizen Population in Vermont (2022)
Political Trends & Data
In Vermont, real estate trends might be influenced by the state's potential strong Democratic lean, evidenced by about 65% of votes going to Democratic candidates in the 2020 Presidential Election. With Republicans securing around 30% and minor parties less than 1%, this political climate could affect property values, local development projects, and municipal policies, potentially making Vermont an attractive place for those who align with Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Vermont, Democrats potentially commanded a significant majority of the vote share in the 2020 U.S. Presidential Election, capturing around 65%. Republicans followed with roughly 30%, while minor parties like the Libertarians and Greens garnered minimal support, each securing less than 1% of the vote. This trend may highlight a strong Democratic leaning in the state, reflective of broader regional political affiliations.
30.39% of voters voted for the Republican party in the 2020 Presidential Election
65.48% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Libertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
2.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
Vermont has experienced changes in its student-to-teacher ratio, most recently peaking at nearly twelve students per teacher in 2023, which remains below the national average of fourteen. This trend towards smaller class sizes implies more individualized attention for students, potentially making Vermont more attractive to families looking to invest or move. Real estate agents and appraisers might leverage this data to emphasize the appeal of local schools, possibly driving up property values.... Read more
Student-to-teacher ratio in Vermont over the last 10 years
Over the past decade, Vermont has seen fluctuations in its student-to-teacher ratio, peaking at nearly twelve students per teacher in the latest data for 2023. This trend generally keeps Vermont below the national average of fourteen students per teacher, indicating smaller class sizes are more common here. For those considering investing in or moving to Vermont, a lower student-to-teacher ratio often suggests more individualized attention for students, which could appeal to families and potentially increase property values. For real estate agents and appraisers, this information could be instrumental in highlighting the appeal of local schools to prospective buyers. Insurance agents might also find this data relevant, as various demographic factors can subtly influence risk assessments. Overall, understanding these educational trends can offer deeper insights into community investment and development opportunities.
