Vermont affordable land offers many opportunities for buyers seeking a quiet lifestyle in New England’s Green Mountains. The state’s small population and sustainable agriculture practices promote a relaxed way of life that is attractive to retirees, families and investors. The state’s rural landscapes have attracted breweries, wineries and farm-to-table restaurants, driving tourism and the economy.
Vermont’s renowned dairy production leads to a robust local food industry and thriving agritourism scene. Local farmland for sale is popular, as is hunting property for whitetail deer, moose and grouse and fishing properties where trout and bass are abundant. Many people also use land for homesteading and livestock including poultry, goats and sheep.
Buyers interested in land for sale in Vermont should research the deed restrictions, zoning regulations and permit requirements that vary by town. It’s important to know that building within 50 feet of a wetland requires a special permit from the state. Likewise, building homes with foundations that are too close to the water risk flooding.
A number of communities are taking steps to promote the development of affordable housing. For example, Manchester established a neighborhood development area after Tropical Storm Irene to allow construction of housing that service workers can afford. Other towns are looking to amend the state’s Act 250 laws in ways that encourage density and diversity in housing.
As the national housing shortage continues to challenge communities across America, Vermont is working to address it through innovative solutions. Efforts such as the Homes for All initiative are attracting grassroots investors, community champions and developers who are committed to creating walkable neighborhoods. They are especially targeting first-time, women and BIPOC builders ready to bring their skills and expertise to the market and contribute to a more equitable future.
Real estate prices are rising across the state, but not as fast as in other parts of the country. Vermont’s low unemployment rate and stable population growth support the market by providing a consistent demand for housing that supports the state’s economic stability. The state’s relatively high property taxes may deter some prospective homeowners, but the tax revenues help fund public services and infrastructure that boost community desirability and overall safety.
The most popular regions for buying Vermont affordable land include Chittenden, Rutland, Addison and Washington counties. The state’s capital city, Burlington, has a strong economy supported by a diverse job base. Chittenden County land prices are above the statewide average and have appreciating year-over-year, reflecting strong demand and dwindling inventory.
Tucked against the Green Mountains, Rutland County is a popular region for families, with affordable land and access to renowned ski resorts. Land prices in the region are growing steadily, with median sale prices up over 9% year-over-year at late 2021. The region is also a hub for collegiate culture, thanks to Middlebury College.