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The states where house prices are rising fastest – and one area they’re falling

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The states where house prices are rising fastest – and one area they’re falling


Out of all 50 states, Vermont house prices soared the highest with new data revealing they jumped 12.8 percent in the last year — nearly double the national average.

According to the Federal Housing Finance Agency (FHFA), house prices across the US rose by an average of 6.6 per cent between Q1 of last year and this year, despite stubbornly high national mortgage rates, and continued fallout from the Covid-19 pandemic. Since the start of the year, house prices have increased 1.1 percent.

The highest jumps in housing prices are predominantely all on the east coast — with New Jersey, New York, Delaware all seeing double-digit increases in property appreciation.

Behind Vermont, the four states with the highest annual appreciation were New Jersey, with 11.6 percent; New York, 10.9 percent; Delaware, 10.7 per cent; and Wisconsin, with an increase of 9.9 percent.

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Only District of Columbia, which technically isn’t a state, saw a decline, with house prices dropping -1.5 percent on average.

At the opposite end of the scale, southern states including Louisiana and Missouri saw the lowest increases in property value, with 2.2 percent, and 2.7 percent, respectively. Texas and North Dakota both saw low increase, with 3.3 percent each, while West Virginia and Colorado both saw an increase 3.6 percent

Low housing inventory is contributing to the high prices across the US, said FHFA’s Anju Vajja, in a statement.

Out of all 50 states, Vermont has seen the highest increase in home appreciation in the country over the past year – 12.8 percent – according to the FHFA.

Great news perhaps, for those already with property in the Green Mountain State, but realtors say that a lack of new inventory and seller hesitancy are actually harming Vermont’s property market – and prospective homeowners are losing out.

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So what is it that is driving up house prices in Vermont?

Vermont consistently ranks among the safest states in the US, taking pole position in 2024 data from World Population Review. The state has the second smallest population in the nation (around 650,000) and is known for its natural beauty.

Historically, certain aspects of the home sale market follow a seasonal cycle in Vermont, according to the Vermont Housing Finance Agency. Most sales take place in the warmer spring and summer months.

Home prices typically increase the most during this period, with harsh winter conditions making it more challenging and less desirable to sell property.

However the median sales price of primary homes sold in Vermont in the first half of 2023 reached a value of $315,000. Even then the VHFA noted that the state was experiencing “strong demand among homebuyers relative to the inventory of homes for sale”.

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Dan Titus, real estate broker and co-owner of Flex Realty in Vermont, says that the lack of inventory in the state, restrictions on construction and state property tax, means it is unlikely that a climb down on property price will be happening any time soon.

“It’s a big time seller’s market right now, and it has been for a long time but it’s even worse now for sure,” he told The Independent. “There’s a lack of housing inventory throughout the whole state, which is only driving prices up”.

“Homes just aren’t being built fast enough to keep up with the demand, and a lot of that has to do with Vermont because it’s tough for developers to build in Vermont. There’s a lot of restrictions and red tape you have to get through in order to develop around here.

“Then our property taxes are some of the highest I believe and, and the country as well. It’s not a cheap place to live.”

All this, Mr Titus said, is coupled with a combination of “out-of-staters” and “empty-nesters” buying or keeping property and pricing out young, native Vermonters. Mr Titus said he had noted a significant uptick during the pandemic.

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“To an out-of-state $100,000 for a home may not be a lot from where they’re from, but here in Vermont, that’s quite a hefty price tag and it’s making it difficult for folks to compete with those out of state buyers,” he told The Independent.

“There’s certainly some of that going on, not as much as what we were seeing during Covid… in the Covid years there was a huge influx of people scooping up homes from out of state. But it is still happening.”

In addition, the climbing prices discouraged current homeowners, even parents whose children no longer lived at home, from selling their properties.

“It’s great if you bought a home 10 years ago, but at the same time, it’s also created a problem where people who are empty-nesters are in large home, their kids have moved out and they want to downsize, but they’re in a low interest loan or something like that or the cost to buy a smaller home doesn’t make sense versus just staying and staying where they’re at,” he said.

He told The Independent: “It’s good if you already own a home, sure. But obviously there’s really no first-time homes for first-time homebuyers. Those are almost gone.”

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6 of the Quirkiest Towns in Vermont

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6 of the Quirkiest Towns in Vermont


Vermont is, for many visitors, the postcard-perfect New England state. A part of the United States since 1791, the first to join the Union after the Thirteen Original Colonies, Vermont has many unique, and sometimes quirky, features. The place has attracted artists and other creative geniuses, some of them decidedly eccentric, from its earliest days. The natural parts of Vermont, like the famous Lake Champlain, offer unusual points of interest for visitors and locals alike. With a state as rich in traveling attractions, it should be little wonder that some of them come with a quirk or two.

Montpelier

Summer Farmers Market in Montpelier, Vermont. Editorial credit: Phill Truckle / Shutterstock.com

Montpelier, while being Vermont’s charming capital, is the tiniest among all US state capitals with just around 8,000 residents. For comparison, the second-smallest, Pierre in South Dakota, has a population of about 14,000. Established in 1787, this historic town warmly welcomes visitors with a variety of landmarks, including the Vermont History Museum and the sprawling 200-acre Hubbard Park. The State House is also open to the public for tours. Just a short drive west, less than an hour away, lies Lake Champlain, one of the Northeast’s most beloved watersides.

The town’s name pays homage to Montpellier, a beautiful city in southern France. This naming reflected the high regard for France at the time, especially for their support during the US War of Independence. Interestingly, Montpelier has experienced its share of flooding, with significant damage occurring in the years 1927, 1992, and most recently in 2023.

Elmore

Lake Elmore State Part with beautiful autumn foliage and water reflections at Elmore, Vermont
Lake Elmore State Part with beautiful autumn foliage and water reflections at Elmore, Vermont

Elmore, a charming small town in Lamoille County with fewer than 900 residents, is a favorite spot for autumn leaf-peepers. Located north of Montpelier, this peaceful town has its own unique charm, including several local landmarks sharing the name ‘Elmore,’ which adds to its character. It’s important to note that Elmore town is separate from East Elmore. To the west, Elmore Mountain overlooks the area, while Elmore State Park lies just north of the town itself. Enjoying waterside beauty, Elmore Lake is often listed among Vermont’s most picturesque lakes, with its waters flowing into the Lamoille River through Elmore Pond Brook. Like Montpelier, Elmore is situated east of Lake Champlain. For those seeking a more bustling scene or a change of pace, the vibrant city of Burlington, just an hour’s drive west, makes for a perfect day trip or weekend getaway.

Stowe

Aerial view of Stowe Vermont and autumn colors.
Aerial view of Stowe Vermont and autumn colors.

Stowe, with a lively population of 5,300, is Vermont’s top spot for adrenaline seekers and the eccentrics among us, earning its reputation as the state’s premier ski and snowboard destination. The Stowe Mountain Resort proudly calls itself the “ski capital of the east”—that’s the eastern United States. Nestled near the breathtaking Mount Mansfield, Stowe offers more than just winter fun; warmer months bring plenty of activities like hiking and mountain biking in the beautiful Cady Hill Forest.

The town also has a rich history, being the home of Jake Burton Carpenter (1954-2019), the visionary behind Burton Snowboards and a trailblazer in making snowboarding an international sport. While some might have called him eccentric when he launched his company in 1977, today he’s celebrated as a true pioneer whose legacy keeps inspiring young snow sports enthusiasts, like those at Mount Mansfield Winter Academy, a special school dedicated to nurturing the next generation of champions.

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Manchester

View of the historic and colorful Manchester Village in Manchester, Vermont with tulips in bloom
View of the historic and colorful Manchester Village in Manchester, Vermont with tulips in bloom

Manchester, a town with 4,500 residents located in southwest Vermont, is popular among art and architecture enthusiasts. It features Hildene, the estate of Abraham Lincoln’s son Robert, which boasts an impressive Georgian Revival house and grounds. The town’s American Museum of Fly Fishing showcases numerous rods, flies, and related gear, attracting many superstitious anglers. Manchester is also home to Orvis, a renowned fishing and clothing company. The Southern Vermont Arts Center hosts exhibitions, and includes a sculpture garden and performance space. Nature lovers should visit Mount Equinox, west of town, or explore the Green Mountain National Forest to the south.

Eccentric fact: Jonathan Goldsmith, known for portraying “The World’s Most Interesting Man” in Dos Equis commercials, resides in Manchester. Stay quirky, my friends.

Brattleboro

Historic downtown of Brattleboro, Vermont.
Historic downtown of Brattleboro, Vermont. Image credit jenlo8 via Shutterstock

Brattleboro, with a population of 12,100, sits along the Connecticut River and features a variety of attractions and oddities. Located just west of New Hampshire—in which the Connecticut River forms the border—and just north of Massachusetts, the town is an ideal midpoint for exploring the wider New England region. Outdoor enthusiasts will appreciate Fort Dummer State Park, welcoming hikers, bikers, and campers alike. Among the more renowned eccentric figures in history, British writer Rudyard Kipling moved to Brattleboro after marrying a Vermont woman in 1892. Their home, Naulakha, references his birth and childhood in India. Kipling believed that Brattleboro’s conservative small-town culture created an

Woodstock

Snowy day at the farm in Woodstock.
Snowy day at the farm in Woodstock. Editorial credit: James Kirkikis / Shutterstock.com

Woodstock, a town with 3,000 residents located in upstate New York, is separate from the famous 1969 cultural event. This southeastern town attracts architecture enthusiasts, particularly for the First Congregational Church, built in 1807 and featuring a bell cast by American revolutionary Paul Revere, and the Norman Williams Public Library, completed in 1884. For outdoor activities, visitors can walk in Woodstock Town Forest, located south of the town, or enjoy panoramic views from the Marsh Billings Rockefeller National Historical Park, the only part of the US National Park system in Vermont besides the Appalachian Trail. Recently, Woodstock has modernized its infrastructure with digital technology, launching the “Wireless Woodstock” initiative in 2011, which provides free Wi-Fi across the entire town. It’s not quirky; it’s just cool.

Vermont’s Quirky Small Towns May Also Be Its Best

These small Vermont towns show the state’s sometimes quirky, but never boring character. Architecture fans will find unusual, beautiful examples state-wide. Montpelier is an oddly pint-sized capital with heavyweight history. Brattleboro has long attracted strange, sometimes brilliant types, whether foreign or domestic. Manchester is interesting enough for the World’s Most Interesting Man. And with abundant natural parks, the Green Mountains, and the majesty of Lake Elmore and Lake Champlain, the quirks of Vermont’s best features should attract even the most straight-laced visitors.



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Vermont postal worker allegedly threw away mail she was supposed to deliver for months

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Vermont postal worker allegedly threw away mail she was supposed to deliver for months


Crime

During a search of a dumpster where the worker allegedly discarded the mail, police found several packages and holiday cards.

A Vermont postal worker was cited and suspended for allegedly throwing away mail that was supposed to be delivered to other people, according to police.

Natasha Morisseau, 34, of North Troy, was cited on nine counts of petty larceny and five counts of unlawful mischief, Vermont State Police said in a statement. She works as a mail carrier for the town’s United States Postal Service (USPS) office.

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Officers were first alerted to the discarded mail on the afternoon of Jan. 23, according to police. Upon finding the mail in a dumpster on Elm Street in North Troy, they determined that none of it was for that address.

Police identified Morisseau as a person of interest and learned that she was a postal employee. They confirmed that she had regularly been throwing away a small amount of mail under her care since at least October 2025, according to the statement.

After searching the dumpster and Morisseau’s mail vehicle, officers found opened and unopened packages, along with several holiday cards, one of which contained money. Morisseau was later cited Feb. 14 and is due to appear March 17 in Vermont Superior Court, police said.

Since Jan. 23, Morisseau has been suspended by USPS, and all recovered mail has been given back to them for delivery, according to the statement. The case has been forwarded to the USPS’ Inspector General for further review.

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Vermont Air National Guard joins Iran campaign – The Boston Globe

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Vermont Air National Guard joins Iran campaign – The Boston Globe


On a typical day, some of the 20 stealth fighter jets based in South Burlington, Vt., take off from tiny Burlington International Airport for training runs near the northern border. In recent months, they’ve flown much farther afield.

The Vermont Air National Guard’s 158th Fighter Wing was deployed in December to the Caribbean, where it took part in the US campaign to capture Venezuelan President Nicolás Maduro. Shortly thereafter, the squadron joined a military buildup in and around the Middle East to prepare for US and Israeli airstrikes against Iran.

Though both deployments had been widely reported, the military remained mum about the whereabouts of Vermont’s F-35A Lightning II jets. Even Governor Phil Scott, technically the commander of the Vermont Guard, said he only knew what he’d read in the news, given that US military leaders were directing the missions.

On Monday, General Dan Caine, chairman of the Joint Chiefs of Staff, confirmed the deployments at a Pentagon press conference about the war on Iran. Caine praised National Guard members from Vermont, Wisconsin, and elsewhere.

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“In the case of the Vermont Air National Guard and the 158th Fighter Wing, they were mobilized for Operation Absolute Resolve,” Caine said, referring to the Venezuela campaign. “And then were tasked to take their F-35As across the Atlantic instead of going home, to be prepared to support this operation” in the Middle East.

Much remains unknown about the Vermont Guard’s recent missions, including the precise role they played in Venezuela and Iran, where the jets are currently based, and how long they’ll remain.

The Guard did not immediately respond to requests for comment., Its recently elected leader, General Henry “Hank” Harder, said in a statement that the force was “proud of the dedicated and professional service of our Airmen” and pledged to support their families in the meantime.

“We will continue to carry out our commitment to these Vermont Service Members until, and long after, they return from this mission,” Harder said.

Vermont’s three-member congressional delegation, meanwhile, has praised Vermont Guard members for their service in Venezuela but has criticized President Trump’s campaigns there and in Iran, particularly absent congressional authorization.

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“The people of our country, no matter what their political persuasion, do not want endless war,” said Senator Bernie Sanders, an independent, echoing similar remarks from Senator Peter Welch and Representative Becca Balint, both Democrats. “We must not allow Trump to force us into another senseless war. No war with Iran.”


Paul Heintz can be reached at paul.heintz@globe.com. Follow him on X @paulheintz.





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