Maple syrup and the Green Mountains, picturesque countryside and quaint villages, New England charm and outdoor recreation during the snowy winters, there is a long list of things to love about Vermont. The state’s sense of community, natural beauty, and local charm might just convince you to buy or rent a home in Vermont.
So if you’re considering living somewhere in Vermont then chances are you also have a budget you’re hoping to stay under in your home or apartment search. When it comes to buying a home in Vermont the median home sale price is $390,700.
If that price is out of your budget, don’t worry, we’ve got options to help you find a home. Redfin has collected 3 of the most affordable places to live in Vermont. And the best part is that they all have a median home sale price under the state’s average. From Bennington to Rutland, let’s jump in and see what cities are on the list.
#1: Bennington
Median home price: $141,500
Average sale price per square foot: $125
Median household income: $46,460
Nearest major metro: Albany, NY (40 miles)
Bennington, VT homes for sale
Bennington, VT apartments for rent
With a median home sale price of $141,500, Bennington lands the number one spot on our list as the most affordable place to live in Vermont. About 15,300 people live in this city and is roughly 40 miles from the nearest metropolitan city, Albany, NY. If you’re considering moving to this area make sure to stop by the Bennington Battle Monument where you can see Vermont, New York, and Massachusetts from the observation deck, hike White Rocks, or explore the charming downtown area.
#2: Brattleboro
Median home price: $196,500
Average sale price per square foot: $162
Median household income: $36,090
Nearest major metro: Springfield, MA (30 miles)
Brattleboro, VT homes for sale
Brattleboro, VT apartments for rent
Taking second place on our list of affordable cities to live in Vermont is Brattleboro. When living in this city of 12,200 people, you can check out landmarks like the Retreat Tower and the Creamery Covered Bridge. Make sure to hike the Retreat Tower Trail, and stroll through downtown where you’ll find charming restaurants, museums, and views of the Connecticut River.
#3: Rutland
Median home price: $251,500
Average sale price per square foot: $178
Median household income: $48,182
Nearest major metro: Albany, NY (70 miles)
Rutland, VT homes for sale
Rutland, VT apartments for rent
Our final city goes to Rutland where about 15,800 residents currently live. The median home sale price is $251,500 which is about $140K less than the median home sale price in Vermont. If you find yourself moving to the third most affordable place, make sure to hike, mountain bike, and explore the expansive Pine Hill Park, explore the nearby Aitken State Forest, and check out the local restaurants downtown.
Methodology: All cities must have over 10,000 residents per the US Census and have a median home sale price under the average median home sale price in Vermont. Median home sale price and median sale price per square foot from the Redfin Data Center during August 2023. Average rental data from Rent.com August 2023. Population and median household income data sourced from the United States Census Bureau.
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