State rental market analysis · VT
Vermont rental markets
2 tracked cities over 20,000 population, 2 ranked and summarized by their median Overall. Every number traces to Census, Zillow and BLS. All states ranked →
Browse every Vermont ZIP Code area → · the full server-rendered index for this state.
Part of the New England Census division (Northeast region).
The honest read
Vermont ranks #51 of 51 states for rental investing, with a median Overall of 28.7/100 across its ranked cities, below the national median. 2 ranked cities roll up into this grade.
A state grade is the median of its ranked cities, a screen for where to look, not underwriting. Open any city below for its full shown-math breakdown, or run a specific deal through the cap rate and cash-flow calculators.
Where it ranks, factor by factor
Every value is the median across the 2 ranked cities in this state. The national rank compares all 51 states on that one factor; the engine already flips inverted factors (affordability, low unemployment) so a better rank always means a better market. Each factor sits in one of the model’s three categories (Cash Flow, Growth, or Stability); this is a representative summary, and the full thirteen-factor breakdown is on each city’s page. Full methodology.
| Factor | Category | State value | National rank |
|---|---|---|---|
| Gross rent yield | Cash Flow | 5.2% | not measured |
| Rent growth | Growth | 3.2% | not measured |
| Home value growth | Growth | 2.6% | not measured |
| Population growth | Growth | 0.6% | not measured |
| Job growth | Growth | 0.3% | not measured |
| Price-to-income | Cash Flow | 6.7× | not measured |
| Unemployment | Stability | 1.5% | not measured |
| Rental demand | Stability | 54% renters · 201.2% vacancy | not measured |
| Income growth | Growth | 7.5% | not measured |
Every city in Vermont, ranked
Led by South Burlington at 62/100. Click any column to re-sort; every city links to its full shown-math breakdown.
| VT rank | City | Grade | Cash Flow | Growth | Stability | Typical home value | Gross yield | National rank |
|---|---|---|---|---|---|---|---|---|
| 1 | South Burlington | 62 | C | C | B | $489,524 | 6.3% | #253 |
| 2 | Burlington | 29 | F | D | B | $516,143 | 4.6% | #1686 |
Data as of: Zillow ZHVI/ZORI through the latest monthly release · Census ACS 5-yr 2019–2023 · Census PEP July 2024 · BLS LAUS county 2023 annual. Generated 2026-09-01. Methodology & limitations · underwrite any specific deal with the free calculators.
ZIP markets in Vermont
265 Census ZIP Codes (ZCTAs) in Vermont · 141 data-eligible for subscores. These are sub-city government areas ranked separately from the Vermont city table. The overall Rental Investor ZIP Score leaderboard leads; the two component subscores (affordability, rental-market context) follow as independent percentiles. ZIP ranks are shown within the ZIP universe only, never mixed with, and not directly comparable to, city ranks. Vintage: the Key metric column is Census ACS 2020–2024 (5-year), a newer release than the ACS 2019–2023 figures the city table above uses; the same measure can legitimately disagree between the two.
Best overall ZIP Codes in Vermont
Ranked by the overall Rental Investor ZIP Score. The # is each ZIP Code's canonical VT state rank; the smaller figure is its national rank. Separate from the Vermont city table and not directly comparable to it.
| VT rank | ZIP Code | Overallgrade · national | Key metric |
|---|---|---|---|
| #1 | 05403South Burlington | B 63#2,169 nat | 4.8%Survey yield |
| #2 | 05404Winooski | C 54#6,404 nat | 5.2%Survey yield |
| #3 | 05446Winooski | C 53#6,990 nat | 4.5%Survey yield |
| #4 | 05452Essex Junction | C 52#7,549 nat | 4.3%Survey yield |
| #5 | 05454Fairfax | C 52#7,596 nat | 3.6%Survey yield |
| #6 | 05495St. George | C 52#7,654 nat | 4.6%Survey yield |
| #7 | 05679Williamstown | C 51#7,721 nat | 8.3%Survey yield |
| #8 | 05463 | C 51#7,835 nat | 6.2%Survey yield |
| #9 | 05483 | C 50#8,337 nat | 7.8%Survey yield |
| #9 | 05486South Hero | C 50#8,337 nat | 3.2%Survey yield |
| #9 | 05641Barre | C 50#8,337 nat | 5.3%Survey yield |
| #12 | 05457 | C 50#8,506 nat | 3.7%Survey yield |
Top affordability ZIP Codes in Vermont
State-scoped leaders on the affordability subscore only (national rank shown is within that subscore’s data-eligible universe). Substantially an inverse housing-cost signal: a component of the overall score, not a predicted return.
| # | ZIP Code | Affordability | Key metric |
|---|---|---|---|
| 1 | 05483 | 60#5,583 nat | 7.8%Survey yield |
| 2 | 05866Sheffield | 53#8,253 nat | 7.4%Survey yield |
| 3 | 05735Castleton Four Corners | 53#8,294 nat | 7.8%Survey yield |
| 4 | 05463 | 53#8,333 nat | 6.2%Survey yield |
| 5 | 05679Williamstown | 52#8,694 nat | 8.3%Survey yield |
| 6 | 05038Chelsea | 52#8,736 nat | 7.4%Survey yield |
| 7 | 05494Westford | 50#9,566 nat | 7.4%Survey yield |
| 8 | 05440Alburgh | 50#9,680 nat | 6.8%Survey yield |
| 9 | 05824Concord | 48#10,566 nat | 8.1%Survey yield |
| 10 | 05906Lunenburg | 47#10,928 nat | 6.9%Survey yield |
| 11 | 05476Richford | 47#11,102 nat | 7.2%Survey yield |
| 12 | 05658Marshfield | 46#11,340 nat | 7.0%Survey yield |
Deepest rental-market ZIP Codes in Vermont
State-scoped leaders on the rental-market-context subscore only (national rank shown is within that subscore’s data-eligible universe). Rental depth/tightness: a separate component, never combined here with affordability.
| # | ZIP Code | Rental market | Key metric |
|---|---|---|---|
| 1 | 05404Winooski | 84#25 nat | 5.2%Survey yield |
| 2 | 05401Burlington | 78#407 nat | 4.1%Survey yield |
| 3 | 05656Johnson | 78#510 nat | 6.7%Survey yield |
| 4 | 05403South Burlington | 76#803 nat | 4.8%Survey yield |
| 5 | 05081Wells River | 72#1,523 nat | 4.5%Survey yield |
| 6 | 05602Montpelier | 70#1,912 nat | 4.4%Survey yield |
| 7 | 05452Essex Junction | 70#1,962 nat | 4.3%Survey yield |
| 8 | 05060Randolph | 69#2,295 nat | 5.0%Survey yield |
| 9 | 05156Springfield | 69#2,351 nat | 5.6%Survey yield |
| 10 | 05301Brattleboro | 69#2,351 nat | 4.9%Survey yield |
| 11 | 05464Jeffersonville | 68#2,442 nat | 4.2%Survey yield |
| 12 | 05068South Royalton | 68#2,517 nat | 4.4%Survey yield |