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Data and Statistics

Demand drives new home construction in northwest Vermont

Demand for apartments and denser neighborhoods is driving home construction in Chittenden and Franklin counties this year according to a recent article in Vermont Business Magazine that surveyed area builders and housing experts, including VHFA Executive Director Sarah Carpenter.

Carpenter explained that "more people are delaying the purchase of their first home and that in turn has put pressure on the rental market."

Vermont's median household income and poverty rate improved in 2015

The median income among Vermont households increased in 2015 to $56,990, according to US Census Bureau estimates released this week. The last time this indicator increased for Vermont was 2011.

Improvements in household income in 2015 were experienced nationwide and reported earlier this week by the Census Bureau.

Fair market rents rise in every Vermont county

On October 1, 2016, the Fair Market Rents in every Vermont county will go up.  Fair Market Rents

Stakeholder input needed for roadmap to end homelessness in Vermont

A steering committee of housing and service providers, state agencies and funding organizations is working to reduce homelessness and stabilize vulnerable populations.  The committee’s current goal is to develop a system for facilitating service-connected affordable housing options, building local capacity, determining costs and identifying available and needed resources.
 

Prevalence of housing cost burden increases for rural Vermonters

More than 30 percent of the households in Vermont’s rural counties are now cost burdened by their housing expenses—a stark increase since 2000, according to a recent Harvard analysis of non-metro areas nationwide.  This interactive map shows the increase in cost burden rates sweeping U.S. rural areas.

The critical, and mathematical, role of tax credits and other sources in housing low-income Vermonters

Ever wonder why it's not easier to build affordable apartments?  A new interactive tool developed by the Urban Institute illustrates the mathematical necessity of tax credits, loans, tenant income/rent and grants in paying for the costs of affordable housing.  Check it out to see if you can make the math work!

Vermont home sales market steady in first half of 2016

The median price of non-vacation Vermont homes sold during the first six months of 2016 was $200,000, virtually unchanged from 2015. Like prices, the number of sales also held steady compared to the first six months of 2015. 

Affordable housing tops concerns in UVM Medical Center community survey

Lack of affordable housing is the community challenge that survey respondents are most concerned about, according to the recently released 2016 Community Health Needs Assessment.  Among survey respondents, 58.3 percent rated lack of affordable housing as the top concern, followed by 52.5 percent for drug and alcohol abuse.  

High rents put Vermont’s housing wage far above average wage or minimum wage

A modest, two-bedroom apartment costs $1,099, according to the annual Out of Reach report from the National Low-Income Housing Coalition. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn an hourly “housing wage” of $21.13—far more than Vermont’s minimum wage of $9.60 or the average wage among the state’s renters ($11.79).

Link between race and mortgage denial disparities continues in New England

Black and Latino mortgage applicants from New England continued to experience much higher denial rates than whites and Asians in 2013 and 2014, according to the Federal Reserve Bank of Boston’s recent study.  The disparity occurred at every income level.

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