The Most Affordable Neighborhoods in Malletts Bay, Colchester, VT by Home Value

 

Malletts Bay, Colchester, VT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Malletts Bay area can be challenging. Home prices in Malletts Bay are now at a median cost of $392,943, higher than the Colchester average of $381,500.

The average cost of rent is $1,228/mo in Malletts Bay, primarily driven by the current value of real estate in the Malletts Bay area. In Malletts Bay, 15.16% of households rent, and 41.52% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Malletts Bay is $10,131 per month. Households that rent pay about 12.12% of their income on rent here. Malletts Bay’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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