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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Northfield, VT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Northfield, VT Housing Market Trends

With a population of 5,927, 1,806 total housing units (homes and apartments), and a median house value of $344,193, Northfield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Northfield, accounting for 67.57% of the town's housing units. Other types of housing that are prevalent in Northfield include duplexes, homes converted to apartments or other small apartment buildings ( 13.70%), mobile homes or trailers ( 8.92%), and a few large apartment complexes or high rise apartments ( 8.33%).

The most prevalent building size and type in Northfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.76% owning and 44.24% renting.

The housing in Northfield was primarily built before 1939 ( 43.67%), making the housing stock in Northfield some of the oldest overall in America, although there is a range of ages of homes in Northfield. The next most important housing age is between 1970-1999 ( 26.91%), followed by between 1940-1969 ( 21.24%). There's also some housing in Northfield built between 2000 and later ( 8.18%).

Vacant housing appears to be an issue in Northfield. Fully 10.99% of the housing stock is classified as vacant. Left unchecked, vacant Northfield homes and apartments can be a drag on the real estate market, holding Northfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Northfield Home Appreciation Rates

Appreciation rates for homes in Northfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.89%, which ranks in the top 50% nationwide. This equates to an annual average Northfield house appreciation rate of 6.79%.

NeighborhoodScout's data show that during the latest twelve months, Northfield's appreciation rate, at 6.15%, has been at or slightly above the national average. In the latest quarter, Northfield's appreciation rate has been 4.63%, which annualizes to a rate of 19.86%.

Importantly, this makes Northfield one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Vermont, our data show that Northfield's latest annual appreciation rate is lower than 70% of the other cities and towns in Vermont.

Average Home Values

Median Home Value

$344,193

Northfield, VT Home Prices
> $1,502,000
$1,127,001 - $1,502,000
$751,001 - $1,127,000
$601,001 - $751,000
$451,001 - $601,000
$300,001 - $451,000
$151,001 - $300,000
$75,001 - $151,000
$0 - $75,000
0.0%
0.0%
0.0%
0.0%
3.5%
3.5%
8.3%
8.3%
20.4%
20.4%
31.6%
31.6%
30.3%
30.3%
1.9%
1.9%
4.1%
4.1%
0% 100.0%
% of Homes
Low

for Vermont

High

for nation

Number of Homes And Apartments:

1,806

Northfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,404 / per month

Homeownership Rate

Owners
Renters
55.8%
55.8%
44.2%
44.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.0%
11.0%
89.0%
89.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.2%
8.2%
26.9%
26.9%
21.2%
21.2%
43.7%
43.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.6%
67.6%
1.5%
1.5%
13.7%
13.7%
8.3%
8.3%
8.9%
8.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
9.6%
9.6%
23.0%
23.0%
49.3%
49.3%
10.0%
10.0%
6.5%
6.5%
0% 100.0%
% of Homes