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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 15,178, 6,062 total housing units (homes and apartments), and a median house value of $267,606, Bennington real estate values are some of the lowest in Vermont, although compared to real estate around the nation, Bennington homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Bennington, accounting for 57.85% of the town's housing units. Other types of housing that are prevalent in Bennington include duplexes, homes converted to apartments or other small apartment buildings ( 20.78%), large apartment complexes or high rise apartments ( 15.46%), and a few mobile homes or trailers ( 4.10%).
The most prevalent building size and type in Bennington are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.11% owning and 45.89% renting.
The housing in Bennington was primarily built before 1939 ( 34.27%), making the housing stock in Bennington some of the oldest overall in America, although there is a range of ages of homes in Bennington. The next most important housing age is between 1970-1999 ( 32.59%), followed by between 1940-1969 ( 26.18%). There's also some housing in Bennington built between 2000 and later ( 6.96%).
Vacant housing appears to be an issue in Bennington. Fully 11.77% of the housing stock is classified as vacant. Left unchecked, vacant Bennington homes and apartments can be a drag on the real estate market, holding Bennington 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Bennington, where house values have increased just 45.47%, which is annualized rate of 3.82%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Bennington that despite a nationwide downturn in the housing market, Bennington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bennington appreciation rates continue to be some of the highest in America, at 10.08%, which is higher than appreciation rates in 94.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bennington. Bennington appreciation rates in the latest quarter were at 2.10%, which equates to an annual appreciation rate of 8.66%.
Relative to Vermont, our data show that Bennington's latest annual appreciation rate is higher than 60% of the other cities and towns in Vermont.
$267,606
for Vermont
for nation
6,062
$1,640 / per month