Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,430, 3,795 total housing units (homes and apartments), and a median house value of $279,883, Barre real estate values are some of the lowest in Vermont, although compared to real estate around the nation, Barre homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Barre, accounting for 41.61% of the city's housing units. Other types of housing that are prevalent in Barre include duplexes, homes converted to apartments or other small apartment buildings ( 30.26%), large apartment complexes or high rise apartments ( 26.15%), and a few row houses and other attached homes ( 1.42%).
People in Barre primarily live in small (one, two or no bedroom) single-family detached homes. Barre has a mixture of owner-occupied and renter-occupied housing.
The housing in Barre was primarily built before 1939 ( 49.61%), making the housing stock in Barre some of the oldest overall in America, although there is a range of ages of homes in Barre. The next most important housing age is between 1970-1999 ( 22.77%), followed by between 1940-1969 ( 20.28%). There's also some housing in Barre built between 2000 and later ( 7.34%).
Real estate appreciation rates in Barre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.25% during the period.
Appreciation rates are so strong in Barre that despite a nationwide downturn in the housing market, Barre real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Barre appreciation rates continue to be some of the highest in America, at 12.37%, which is higher than appreciation rates in 74.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Barre. Barre appreciation rates in the latest quarter were at -0.27%, which equates to an annual appreciation rate of -1.07%.
Relative to Vermont, our data show that Barre's latest annual appreciation rate is higher than 70% of the other cities and towns in Vermont.
$279,883
for Vermont
for nation
3,795
$1,612 / per month