Vermont presents an appealing option for first-time homebuyers with its scenic landscapes and quaint towns. However, the average cost of a starter home in 2024 is approximately $338,040, necessitating an annual income of at least $80,964, making homeownership a challenge. While not the most affordable state compared to its neighbors, Vermont's prices are lower than those in Massachusetts and Connecticut. Notable regions for affordable homes include Barre, Rutland, and St. Johnsbury, which provide varied options for budget-conscious buyers despite the overall housing market's tough conditions.
Vermont's starter homes average $338,040, requiring an annual income of $80,964, marking it as one of the less affordable states in the Northeast.
Despite Vermont's picturesque settings, affordability challenges remain, requiring buyers to understand income requirements, home prices, and investment potential.
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