Chittenden County Real Estate and Livability Trends
Chittenden County, Vermont, has seen a remarkable rise in its median home values, jumping from $271,300 in 2015 to $378,300 in 2022, outpacing both state and national medians. Economic indicators like the increase in average taxable income, from $68,346.68 in 2013 to $99,778.14 in 2021, hint at a possibly burgeoning local economy. However, escalating property and income taxes may reflect a higher... Read more
Chittenden County Market Trends
Chittenden County's median home values have increased significantly, climbing from $271,300 in 2015 to $378,300 in 2022, outpacing both Vermont’s state and national median values. Residential energy tax credits have fluctuated, peaking in 2018 at $4,916.00 before settling around $1,732.16 in 2021, suggesting changes in policy or household upgrades. Real estate taxes have risen nearly 70% over... Read more
Median Value of Occupied Housing Units in Chittenden County, Vermont Over the Last 8 Years
Chittenden County's median home values have seen consistent growth over the past eight years, climbing from $271,300 in 2015 to $378,300 in 2022. This trend outpaces both Vermont's state median values, which went from $217,500 to $272,400, and the national median, which increased from $125,500 to $179,400. Homebuyers and investors should note Chittenden County’s higher growth rate in median home values, indicating a robust and possibly competitive real estate market compared to state and national levels.
Residential Energy Tax Credit Per Tax Return in Chittenden County, VT Over the Last 9 Years
Chittenden County, Vermont has seen significant fluctuations in residential energy tax credits over the past nine years. Notably, the average credit per tax return jumped from $585.39 in 2013 to a peak of $4,916.00 in 2018, before stabilizing around $1,732.16 in 2021. These variations could indicate evolving state policies or shifts in energy-efficient household upgrades. For investors, homeowners, and real estate professionals, understanding these trends might provide insights into energy consumption patterns and potential tax saving opportunities within the county.
Average Real Estate Taxes Per Tax Return in Chittenden County, VT Over the Last 10 Years
Chittenden County, Vermont has seen an upward trend in average real estate taxes per tax return over the past decade, with figures rising from approximately $5,492.17 in 2012 to around $9,227.56 in 2021. This nearly 70% increase in real estate taxes likely reflects heightened property values and potentially increased municipal funding requirements. Prospective investors, home builders, and real estate agents might consider these trends as indicative of a growing and possibly more affluent local market. For insurance agents and appraisers, this data could signal higher property values, impacting their assessments and policies.
Percentage of Farm Returns in Chittenden County, VT Over the Last 10 Years
Over the last ten years, the percentage of farm tax returns in Chittenden County, Vermont has shown a consistent downward trend from 0.44% in 2012 to approximately 0.34% in 2021. Farm tax returns reflect the share of income and financial activity related to agriculture in tax filings. This declining trend could signal shifting dynamics in the local agricultural sector, which might interest potential investors or individuals considering relocating to the area. The change might also have implications for those considering building property, as it could affect land use policies and zoning regulations.
Number of Mortgages by Occupancy Type in Chittenden County, VT Over the Last 5 Years in Chittenden County
In Chittenden County, Vermont, the number of mortgages on principal residences has shown notable fluctuations over the last five years, peaking in 2020 with 11,243 and dropping to 5,922 by 2022. Mortgages for investment properties and second residences have remained relatively stable but significantly lower than those for principal residences. Variations in occupancy type may impact real estate values, supply and demand dynamics, and insurance premiums. For investors, these shifts could signal changing market conditions and investment opportunities, while for insurance agents and appraisers, they might indicate areas of risk or value. For relocators, understanding these trends can inform decisions about the most stable and potentially lucrative neighborhoods for purchase.
Economic Outlook
In Chittenden County, Vermont, the average taxable income per tax return has surged from $68,346.68 in 2013 to $99,778.14 in 2021, highlighting a potentially strengthening economy that could attract investors and developers. The rise in average state and local income taxes, from $7,220.18 in 2012 to $20,051.64 in 2021, hints at escalating incomes or changing tax policies, which might suggest a wealthier population but also higher costs of living. Additionally, the average total tax liability... Read more
Average Taxable Income per Tax Return in Chittenden County, VT over the last 9 years
Over the past nine years, Chittenden County, Vermont has seen a notable increase in the average taxable income per tax return, growing from $68,346.68 in 2013 to $99,778.14 in 2021. This upward trajectory, particularly the surge between 2018 and 2021, may suggest a strengthening economy and could potentially attract investors, real estate developers, and insurance agents interested in this area. These insights could also be valuable for appraisers and those considering building or purchasing property in the county. This economic trend might reflect or influence local market conditions, making it a point of interest for residents and those considering relocation.
Average State and Local Income Taxes Per Tax Return in Chittenden County, VT Over the Last 10 Years
Chittenden County, Vermont has seen a significant rise in average state and local income taxes per tax return over the past decade, jumping from roughly $7,220.18 in 2012 to about $20,051.64 in 2021. This nearly threefold increase might hint at escalating incomes or changes in tax policies. For potential investors, real estate developers, and insurance agents, this upward trend could indicate a growing and potentially wealthier population, but also higher costs of living and doing business. For residents and those considering moving to the area, these figures suggest a need to budget for higher tax expenditures.
Average Total Tax Liability Per Tax Return in Chittenden County, VT Over the Last 10 Years
Over the past decade in Chittenden County, Vermont, there's been a notable increase in the average total tax liability per tax return, climbing from approximately $11,315.38 in 2012 to $17,517.79 in 2021. This trend suggests a rising income base or possibly higher property values, both of which can be attractive data points for investors, home buyers, and real estate agents. If you're considering building property or moving here, this upward trend may indicate a robust local economy but also potentially higher costs of living. For appraisers and insurance agents, understanding these increases can help in accurately assessing property values and associated risks.
Cost of Living in Chittenden County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,060 | $1,777 | $2,098 | $2,479 | $2,287 |
| 2 adults 3 children | $2,060 | $1,452 | $2,061 | $2,479 | $2,114 |
| 1 adult 4 children | $2,060 | $1,452 | $1,459 | $2,479 | $2,361 |
| 1 adult 3 children | $2,060 | $1,185 | $1,422 | $2,479 | $2,225 |
| 2 adults 2 children | $1,678 | $1,189 | $2,024 | $2,174 | $1,787 |
| 1 adult 2 children | $1,678 | $888 | $1,385 | $2,174 | $1,814 |
| 2 adults 1 child | $1,678 | $939 | $1,988 | $1,183 | $1,448 |
| 1 adult 1 child | $1,678 | $607 | $1,349 | $1,183 | $1,415 |
| 2 adults | $1,287 | $755 | $1,432 | $0 | $942 |
| 1 adult | $1,184 | $412 | $716 | $0 | $782 |
Safety trends & Data
Chittenden County, Vermont has seen fluctuating property crime trends over the last five years, with significant variability in larceny-theft and vandalism. Larceny-theft peaked in 2019 at 609 incidences but dropped to 301 cases in 2021. Motor vehicle theft spiked in 2022 with 70 cases, marking the highest level in this period. Fraud-related crimes hit a peak in 2019 with 121 instances, but decreased substantially by 2022. These shifts can influence property security measures and insurance... Read more
Property Crime Trends in Chittenden County, VT Over the Last 5 Years
Over the last five years, Chittenden County, Vermont has witnessed fluctuating property crime trends. The most common offenses like larceny-theft and vandalism showed variability, with larceny-theft peaking in 2019 at 609 incidences and dropping to its lowest in 2021 with 301 cases. Motor vehicle theft saw a significant spike in 2022 with 70 cases, the highest in this period. Meanwhile, fraud-related crimes peaked in 2019 with 121 instances but decreased substantially by 2022. These trends are important for prospective investors and residents as they reflect the evolving crime landscape, impacting decisions related to property security and insurance premiums.
Demographics
Chittenden County, Vermont, appears to have a slightly higher female population compared to males. Educationally, a significant portion of the adult population holds a bachelor's or higher degree, indicating a relatively educated populace. The age distribution suggests a strong presence of younger adults, particularly between the ages of 20 to 34, potentially contributing to a dynamic workforce. While the majority race remains White, there's a small but notable diversity with populations... Read more
Race Distribution in Chittenden County, Vermont (2022)
Educational Attainment in Chittenden County, Vermont (2022)
Age Distribution in Chittenden County, Vermont
Citizen Population in Chittenden County, Vermont (2022)
Political Trends & Data
Chittenden County, Vermont, shows a dominant Democratic preference, holding about 75% of the 2020 U.S. Presidential Election votes, with Republicans trailing at just over 20%. Minor parties, including the Libertarians and Greens, barely make a dent with less than 1% each. These voting patterns might suggest a stable political alignment, impacting both local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Chittenden County, Vermont, the 2020 U.S. Presidential Election results suggest a significant lean towards Democratic candidates, capturing roughly three-quarters of the voter share. Republican representation appears relatively modest, securing just over 20%, while minor parties like the Libertarians and Greens hold a minimal presence, each garnering less than 1%. These trends could likely indicate ingrained political preferences within the county, potentially influencing local and state-level elections.
20.78% of voters voted for the Republican party in the 2020 Presidential Election
75.38% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
2.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Chittenden County, Vermont has generally remained below the national average of fourteen students per teacher. From a peak of around fourteen in 2017, the ratio has gradually decreased, reaching approximately twelve in recent years. This trend might suggest a more personalized education environment, which could be a selling point for families considering a move to the area. Lower student-to-teacher ratios may also indicate a well-funded... Read more
Student-to-teacher ratio in Chittenden County, Vermont over the last 10 years
Over the past decade, the student-to-teacher ratio in Chittenden County, Vermont has fluctuated slightly but has generally remained below the national average of 14 students per teacher. From a peak of around fourteen in 2017, the ratio has gradually decreased, reaching approximately twelve in recent years. For investors, homebuyers, and real estate professionals, this trend might suggest a more personalized education environment, which could be a selling point for families considering a move to the area. Lower student-to-teacher ratios may also indicate a well-funded school system, which might appeal to policymakers and educational consultants.
