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Affordable
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These days, finding an affordable place to live in the Wells area can be challenging. Home prices in Wells are now at a median cost of $242,278, lower than the Vermont average of $340,025.
The average cost of rent is $1,304/mo in Wells, primarily driven by the current value of real estate in the Wells area. In Wells, 6.82% of households rent, and 50.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wells is $6,259 per month. Households that rent pay about 20.83% of their income on rent here. Wells’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Pawlet, VT: higher priced homes
- South Poultney, VT: equally priced homes
- Middle Granville, NY: less expensive homes
- South Granville, NY: less expensive homes
- West Pawlet, VT: less expensive homes
- Granville, NY: less expensive homes
- Middletown Springs, VT: equally priced homes
- Pawlet, VT: higher priced homes
- Hampton, NY: less expensive homes
- Slyboro, NY: less expensive homes
Cities with Similar Populations
- Perrysville, IN: less expensive homes
- Jarreau, LA: higher priced homes
- Jonah, TX: higher priced homes
- Juliaetta, ID: higher priced homes
- Karlstad, MN: less expensive homes
- Kernstown, VA: higher priced homes
- Kimball, SD: less expensive homes
- Kinneville, MI: equally priced homes
- Kynesville, FL: less expensive homes
- Lancaster, OR: higher priced homes
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