ZIP Code 05764 Housing Market

📝 Local Market Notes

ZIP code 05764 in Rutland County, Vermont, exhibits a volatile price trajectory that contrasts sharply with broader regional trends. The Home Price Index (HPI) for this area surged from 168.8 in 2021 to a peak of 310.91 in 2024, indicating a period of rapid appreciation. However, the most recent data for 2025 shows a significant correction, with the HPI dropping to 249.23. This represents a year-over-year decline of 19.84%, a stark reversal from the previous year’s momentum. Such volatility suggests a sub-market highly sensitive to local inventory shifts or specific transaction patterns rather than sustained macroeconomic forces. The divergence between ZIP 05764 and its surrounding regions is pronounced. While the county experienced near-stagnation with a 0.02% year-over-year change, and the state of Vermont saw a 7.16% increase, 05764 contracted nearly 20%. This negative deviation signals that the ZIP code is not moving in alignment with the general Vermont housing boom. Instead, it appears to be undergoing a distinct correction phase. Nearby ZIPs, such as 05743 and 05765, continue to show positive growth of 7.45% and 18.05% respectively, further isolating 05764’s recent performance as an anomaly within the county. Contextualizing this data with American Community Survey estimates for Rutland County provides insight into the sub-market character. With a median home value of $229,400 and a median household income of $68,616, the area functions as an affordable, owner-occupied market, with 75.1% of residents owning their homes. The HPI level of 249.23, when indexed to 2000, reflects a substantial cumulative increase over 26 years, yet the current pullback suggests a normalization toward more attainable pricing. For prospective buyers, this recent 19.84% decline in 2025 indicates a potential window for entry at lower price points compared to the 2024 peak, provided they account for the 7.40% national mortgage rate environment.

Based on FHFA House Price Index data.