ZIP Code 05765 Housing Market

📝 Local Market Notes

The housing market in ZIP code 05765, located in Rutland County, Vermont, has exhibited a steep and sustained upward trajectory over the past five years. The Home Price Index (HPI) for this area rose from 188.9 in 2021 to 295.31 in 2025, representing a cumulative appreciation of approximately 56.3%. This consistent growth pattern indicates a robust local demand environment that has outpaced broader regional trends. The most recent year-over-year increase of 18.05% underscores the continued momentum in this specific sub-market, suggesting that price adjustments are rapid and significant compared to historical norms. This performance creates a notable divergence from both the county and the state. While Rutland County’s overall year-over-year change is nearly flat at +0.02% and the state of Vermont reports a +7.16% increase, ZIP 05765 is growing at more than double the state rate and is effectively decoupling from the county average. This disparity signals that 05765 is functioning as a distinct, high-growth enclave within a generally stable or stagnant regional market. The contrast with nearby ZIP 05764, which experienced a -19.84% decline, further highlights the localized nature of this appreciation, indicating that buyers are specifically targeting this postal code over adjacent areas. Regarding sub-market character, the data suggests a premium positioning relative to the county median. With a median home value of $229,400 for Rutland County and a median household income of $68,616, the high HPI level in 05765 implies that properties here likely command prices above the regional average. The 75.1% owner-occupancy rate in the parent county supports a strong base of equity holders, while the 7.40% national mortgage rate adds financial friction for new entrants. Prospective buyers should recognize that ZIP 05765 is a rapidly appreciating segment where entry costs are rising sharply. The market is characterized by high velocity and price sensitivity, requiring careful budgeting given the significant gap between local price growth and broader county income levels.

Based on FHFA House Price Index data.