Median Home Sale Price-Franklin County
Current Value
$301,500
Definition
Story Behind the Curve
Home sale prices are strongly influenced by the market in Chittenden County, with those towns adjacent to or within easy commuting distance of Chittenden County having higher sale prices. In Franklin County, prices rose significantly at the beginning of the century but declined from 2006 to 2016. There was a sharp increase in 2019 to nearly $242,000, and price increases were sustained in 2020 and 2021. Grand Isle County experiences a high variability in median price from year to year due to the small number of sales, but the overall trend is similar to Franklin County at a higher price point. Overall, from 2018-2023 home prices in Vermont rose at more than three times the rate of inflation (Bureau of Labor Statistics)
Why Is This Important?
Home sale price is a measure of overall housing affordability in the Northwest Region, combined with median household income. Most Northwest Region households own rather than rent their homes.