ZIP Code 05494 Housing Market

📝 Local Market Notes

ZIP code 05494 in Chittenden County, Vermont, has experienced a pronounced upward trajectory in housing values over the past five years. The FHFA House Price Index (HPI) for this area rose from 186.62 in 2019 to 328.14 in 2025, representing a cumulative increase of approximately 76%. This sustained growth indicates a robust appreciation cycle that has significantly outpaced the broader regional trends. The most recent year-over-year change stands at +14.94%, reflecting continued momentum in the local market despite high national mortgage rates of 7.40%. The performance of ZIP 05494 demonstrates significant divergence from both the county and state averages. While the county recorded a modest +2.93% year-over-year increase and the state averaged +7.16%, the ZIP’s +14.94% growth rate signals a distinct sub-market dynamic. This outperformance suggests that specific local factors are driving demand at a pace faster than the surrounding Chittenden County landscape. Notably, the ZIP’s HPI of 328.14 is slightly below the neighboring ZIP 05676, which reached 402.3, yet it substantially exceeds the county median home value of $439,200 when adjusted for the index baseline, indicating a premium positioning within the region. The sub-market character of ZIP 05494 aligns with a higher-end residential segment rather than an entry-level or renter-heavy zone. With the parent county’s owner occupancy rate at 63.9% and a median household income of $96,759, the area supports a stable base of homeowners. However, the rapid HPI growth suggests that the inventory in this specific ZIP is likely targeted at buyers with higher purchasing power, consistent with the luxury or upper-middle-tier classification. Prospective buyers should recognize that the current price levels reflect a market that has appreciated significantly above historical norms. The divergence from county averages implies that property values in 05494 are driven by localized desirability, requiring careful assessment of individual property features relative to the elevated baseline established by the recent price surge.

Based on FHFA House Price Index data.