Best places to buy rental properties in Vermont

March 4, 2022
● Written by
Teddy

Vermont

Investing in Vermont

Vermont is a New England state well known for its apple orchards and dense forests. If you're looking for your first or next rental property, take a look at Vermont. It's a particularly attractive state given its excellent primary and secondary school systems and natural surroundings.

The Nophin team crunched the numbers and found the five best places to invest in Vermont rental properties.

Statewide vacancy rates

VT Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Burlington, VT

Burlington is the most populated city in Vermont and home to the University of Vermont.

  • Population: 44,743
  • Median household income: $55,461
  • Median 1-bedroom monthly rent: $1,600
  • Median listing home price: $524,900

Rutland, VT

Rutland is a city in central Vermont formerly known for its marble production.

  • Population: 15,807
  • Median household income: $48,182
  • Median 1-bedroom monthly rent: $1,100
  • Median listing home price: $249,500

Bennington, VT

Bennington is home to the Bennington Battle Monument, the tallest building in Vermont.

  • Population: 37,347
  • Median household income: $58,200
  • Median 1-bedroom monthly rent: $815
  • Median listing home price: $219,900

Essex, VT

Essex is a city northeast of Burlington and has one of the best school systems in Vermont.

  • Population: 22,094
  • Median household income: $86,212
  • Median 1-bedroom monthly rent: $1,300
  • Median listing home price: $397,500

Colchester, VT

Colchester is located north of Burlington and considered one of the top places to live in Vermont given its low cost of living.

  • Population: 17,524
  • Median household income: $79,172
  • Median 1-bedroom monthly rent: $1,495
  • Median listing home price: $399,900

Nophin is landlord banking and software for rental properties

With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!

Methodology

To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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