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These days, finding an affordable place to live in the Colchester area can be challenging. Home prices in Colchester are now at a median cost of $381,500, higher than the Vermont average of $340,025.
The average cost of rent is $1,214/mo in Colchester, primarily driven by the current value of real estate in the Colchester area. In Colchester, 27.11% of households rent, and 39.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colchester is $8,155 per month. Households that rent pay about 14.89% of their income on rent here. Colchester’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winooski, VT: equally priced homes
- Burlington, VT: higher priced homes
- West Milton, VT: higher priced homes
- Essex, VT: equally priced homes
- South Burlington, VT: higher priced homes
- Milton, VT: equally priced homes
- Williston, VT: higher priced homes
- Essex Junction, VT: higher priced homes
- South Hero, VT: higher priced homes
- Miltonboro, VT: higher priced homes
Cities with Similar Populations
- Finneytown, OH: less expensive homes
- Villanova, PA: higher priced homes
- Uxbridge, MA: higher priced homes
- Dexter, MO: less expensive homes
- Dranesville, VA: higher priced homes
- Durham, NH: higher priced homes
- Adjuntas, PR: less expensive homes
- Eufaula, AL: less expensive homes
- Los Alamos, NM: higher priced homes
- Loomis, CA: higher priced homes
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