Home Values in Rutland, Vermont — 2026 Market Report
Updated March 2026 | Seller's Market | +3.8% YoY
The median home value in Rutland, Vermont is $195,000 as of March 2026, which is below the national median of $400,000. Home values in Rutland have increased by 3.8% over the past year and 20.5% over the last five years. With a population of 15,807 and a median household income of $42,250, the price-to-income ratio stands at 4.6x, making Rutland affordable for the average household.
Rutland Housing Market Conditions
| Metric | Rutland | National Avg |
|---|---|---|
| Median Home Value | $195,000 | $400,000 |
| YoY Appreciation | +3.8% | +3.8% |
| 5-Year Appreciation | +20.5% | +22.4% |
| Price per Sq Ft | $68 | $222 |
| Days on Market | 51 days | 45 days |
| Months of Supply | 1.6 | 3.5 |
| List-to-Sale Ratio | 100.8% | 98.5% |
| Monthly Homes Sold | 7 | — |
| Foreclosure Rate | 0.11% | 0.3% |
Home Value Trends in Rutland
A homeowner who purchased at the median price of $161,826 five years ago in Rutland would have gained approximately $33,174 in equity, representing a 20.5% return on investment. Over the past year alone, the typical homeowner gained $7,139 in home equity.
Affordability in Rutland, VT
With a median household income of $42,250 and a median home price of $195,000, the price-to-income ratio in Rutland is 4.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,332 compared to estimated monthly ownership costs of $1,223 gives a rent-vs-buy ratio of 0.92. In Rutland, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Rutland
The effective property tax rate in Vermont is 1.83%. On a home valued at $195,000, the estimated annual property tax bill is $3,569, or approximately $297/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Rutland is 92.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Rutland, VT?
The median home value in Rutland, Vermont is $195,000 as of March 2026. Home values have changed +3.8% over the past year, with a 5-year appreciation of 20.5%.
Is Rutland a buyer's or seller's market?
Rutland is currently a seller's market with 1.6 months of housing supply. Homes spend an average of 51 days on market, and the list-to-sale price ratio is 100.8%. Low inventory gives sellers an advantage.
Are home values going up in Rutland?
Yes, home values in Rutland have increased by 3.8% over the past year. The 5-year appreciation rate is 20.5%, meaning a home worth $161,826 five years ago is now worth $195,000.
Is it better to rent or buy in Rutland?
The average monthly rent in Rutland is $1,332, while estimated monthly homeownership costs are approximately $1,223. The price-to-rent ratio is 12.2. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Rutland, Vermont is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.