Home Prices Continue to Surge in Addison County

New analysis from the Vermont Housing Finance Agency shows that home prices continued to increase over the first half of 2022. Addison County has the fourth-highest home prices in the state--surpassed only by Chittenden, Grand Isle, and Lamoille Counties--and had the fifth-largest increase, at 7% over 2021 home prices. Median sale price now tops $300,000 overall, and $320,000 for single-family homes. A family would need to earn $93,000 and have $30,000 available for closing costs in order to afford the median priced home, compared with median income of about $75,000.