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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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Vermont highway shut down following rock slide

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Vermont highway shut down following rock slide


A portion of a Vermont highway has been shut down following a rock slide on Tuesday.

Vermont State Police said in an email around 1:22 p.m. that they had received a report of a rock slide on Route 5 in Fairlee, just south of the Bradford town line.

“Initial reports are of a substantial amount of rock & trees in the roadway, making travel through the area difficult or impassable,” they said. “Motorists should seek alternate routes or expect delays in the area.”

Route 5 is a nearly 200-mile, mostly two-lane highway running from the Massachusetts border to Canada.

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In an update shortly after 2 p.m., state police said Route 5 in Fairlee between Mountain Road and Sawyer Mountain Drive will remain closed while the Vermont Agency of Transportation assesses the stability of the roadway.

No further details were released.



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Maine Black Bears vs. Vermont Catamounts – Live Score – March 13, 2026

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Maine Black Bears vs. Vermont Catamounts – Live Score – March 13, 2026


Vermont meets Maine and Smith in America East Final, fresh off her 26 Pts, 12 Reb, 4 Ast game

TEAM STATS

ME

62.3 PPG 65.8

28.4 RPG 29.8

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13.4 APG 12.1

11.2 TPG 9.9

60.1 PPG Allowed 51.5

UVM

TEAM LEADERS

ME
UVM
PREVIOUS GAMES
Maine Black Bears ME

Vermont Catamounts UVM



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COMMENTARY: Vermont: The Beckoning Country

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COMMENTARY: Vermont: The Beckoning Country


Vermont has some big problems that desperately need fixing! Many of them are connected, in a variety of ways to a symptom rarely discussed. The population of Vermont is falling while the population of the United States is growing. Vermont has been losing people for the last few years. The reasons include deaths in Vermont outpace births; between 2023 and 2024 there were 1,700 more deaths than births. More people left the state than moved into Vermont. In another worrying sign the birthrate in the United States is down 25 percent since 2007 when the decline began. Another symptom may be that weekly take home pay in Vermont is about $400.00 less than the national average. Taken together these problems should set off alarms about our future.

S, it should not be a surprise that our schools throughout the state have a diminishing number of students while simultaneously school budgets are skyrocketing upward. Yes, it is costing us more to educate fewer students, and Vermonters are rarely wealthy. Maintaining quality schools is expensive. The average pay for public school teachers in the United States is $72,030. The average pay for a public-school teacher in Vermont is only $52,559. A nearly $20,000 gap is hardly an incentive to attract the best of the best. Good teachers are a precious commodity.

Gov. Phil Scott has demanded the Legislature do something about education costs in the Green Mountain State. Legislators have been spending much more time on this problem than any other facing the state. There have been various proposals, one of the latest is from Sen. Seth Bongartz of Manchester that would create a two year “ramp period” for school districts to merge voluntarily. Two years is a long time to wait when the problem is financially urgent. School mergers are inevitable in many areas which will mean the eventual closing of several small elementary schools. The closing in many cases means long bus rides for little kids.

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One idea that has not been discussed is increasing, substantially, Vermont’s population over the next decade or so. We don’t have enough students to make financial sense for our small rural schools. We need more property-owning people whose taxes will help balance our cash-strapped education budgets. Why doesn’t the Legislature think about a campaign to entice people to move to the Green Mountain state?

In the 1960s Vermont’s economic development officials, under new Gov. Phil Hoff, launched a marketing campaign that was known as “Vermont the Beckoning Country.” The campaign was remarkably successful, bringing thousands of people to a place that at that time had largely skipped the Industrial Revolution. Vermont’s ski industry began growing by leaps and bounds then, bringing in large numbers of people new to the state. Entrepreneurs, many of them World War II veterans, began developing ski resorts in the Green Mountains. They attracted thousands of visitors and some of those visitors fell in love with Vermont. They stayed. These Flatlanders changed the state, making it more liberal, and more environmentally conscious. Gov. Hoff, the first Democrat elected governor since 1853, was followed by a wave of successful liberal politicians who turned Vermont from red to blue. People can differ about the whether the political transformation improved the state or destroyed it, but the state undoubtedly grew more prosperous.

Vermont has plenty of land that can be used to build new housing. New people can bring fresh ideas and the capital needed to create new businesses with good jobs. More families living in more houses means more property taxes going to schools. It should also lighten the load for the current financially stressed Vermonters.

A well-financed advertising campaign to entice new people to make Vermont their home will make us more prosperous. More taxpayers can be one of the many solutions needed to save our struggling education system.

Clear the cobwebs off the old slogan and invite a whole new crop of young, energetic families to Vermont the Beckoning Country!

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Eric Peterson lives in Bennington. Opinions expressed by columnists do not necessarily reflect the views of Vermont News & Media. 



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