Vermont
Ranked #38 of 51 for housing affordability
Median Home Price
🏠$332K
4.09x income
Median Rent
🔑$1,202
33.5% rent-burdened
Median Income
💰$81K
Population: 647,064
Homeownership
🏡73.0%
3,800 experiencing homelessness
Housing Shortage
📉15,000
units needed
Building Permits (2024)
🔨2,654
Price-to-Income
📊4.09x
Severe Rent Burden
⚠️16.0%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1629) is above the state median rent ($1202) — vouchers cover typical rents.
Metros in Vermont
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Burlington | 35 | $265K | $1,033 | $66K | 35.0% |
Market Trends
Homeownership Rate
73.0%
Rent-to-Income Ratio
18.0%
of gross income spent on rent
Total Households
279,612
Owner-Occupied
204,730
Renter-Occupied
74,882
Homelessness
Latest Count (2024)
3,458
1-Year Change
+5.0%
10-Year Trend (2015–2024)
+127.1%
1,523 → 3,458
Housing Policies
Construction Activity
Total Permits (2024)
2,654
0.2% of national total
Single-Family
1,404
53% of state permits
Multi-Family
1,250
47% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
15,000
units needed
National Shortage
7,300,000
0.2% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Vermont burden rates with national demographic breakdown
Cost-Burdened Renters
33.5%
paying >30% of income
Severely Burdened
16.0%
paying >50% of income
Households >30% Burden
17,642
Households >35% Burden
4,753