Vermont Real Estate Market Trends & Analysis


The Vermont real estate market hasn’t strayed too far from national trends. Not unlike the rest of the country, The Green Mountain State has seen median home values increase for the better part of a decade. On the backs of insufficient inventory levels and an improving economy, home prices have jumped to historical levels, and there’s no sign of slowing down. Despite the latest increases, however, prices have yet to scare away prospective buyers. As a result, real estate in Vermont looks poised to maintain all of the momentum it managed to build in 2020 and perhaps even gain some. If for nothing else, houses are flying off the market. Buyers are now more motivated to act fast than ever before, and just about everyone looks like they will be the beneficiaries of a prosperous 2021: buyers, sellers, and the entire Vermont real estate investing community.

Vermont Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Attorneys
Conveyance: Warranty or Quitclaim Deed

Foreclosure Procedure

Primary Foreclosure Method: Judicial
Process Period: 7- 10 months
Notice of Sale: Court
Redemption Period: Up to 6 Months

Taxes

Income Tax: 3.55% - 8.95%
Corporate Tax: 6 - 8.5%
Sales Tax: 6%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 1.59%
Property Taxes by County: http://www.tax-rates.org/vermont/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,649.00
Transfer Fee: 1.25%
Origination Fee: $1,979.00