ZIP Code 05461 Housing Market

📝 Local Market Notes

The housing market in ZIP code 05461, located within Addison County, Vermont, exhibits a robust and accelerating price trajectory. The Federal Housing Finance Agency’s House Price Index for this specific ZIP code has risen from 227.07 in 2021 to 318.3 in 2025, representing a cumulative increase of approximately 40% over four years. This upward trend indicates sustained demand that has outpaced broader regional metrics. The most recent year-over-year change of +14.06% signifies a sharp acceleration in home value appreciation, distinguishing this micro-market from the more moderate growth observed in surrounding areas. This performance reveals a significant divergence from both the county and state averages. While Addison County recorded a 5.09% year-over-year increase and the state of Vermont saw a 7.16% rise, ZIP 05461’s 14.06% growth rate is nearly double the county average. Such divergence suggests that local demand drivers are decoupling from general regional trends, likely due to specific localized factors such as proximity to amenities or limited inventory. In contrast to nearby ZIP 05733, which experienced an 8.76% decline, and ZIP 05753, which grew by 6.36%, the 05461 market is currently the primary engine of price growth in the immediate vicinity. The sub-market character appears to be established and owner-occupied, aligning with the parent county’s 79.3% owner occupancy rate and median household income of $89,639. Although the county median home value stands at $361,200, the high HPI level in 05461 suggests that transaction prices in this specific ZIP may command a premium relative to the county median, particularly given the recent surge. For prospective buyers, the combination of a 7.40% mortgage rate and rapid appreciation presents a challenging entry point. The data indicates that this is not an entry-level market but rather a high-demand area where price volatility is currently skewed toward rapid gains. Residents and investors should note that the current valuation reflects a market that is significantly overheated compared to the broader Addison County context, requiring careful assessment of affordability against the steep recent price increases.

Based on FHFA House Price Index data.