Passumpsic renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Passumpsic is about $801 per month. This puts it in the 14th percentile compared to the state average cost of rent, which is $1,116. Households in Passumpsic have a median income of $5,014 per month so the average renter in Passumpsic is spending roughly 16% of their earnings on housing.
Nationally, and in Passumpsic, home values are the data point most closely correlated with the cost of rent. The median price of a home in Passumpsic is $208,709 right now, which is lower than nearby cities, meaning that rents in Passumpsic also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Passumpsic while lower rent rates are often available in northern areas.
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