Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,942, 2,862 total housing units (homes and apartments), and a median house value of $281,127, St. Albans real estate values are some of the lowest in Vermont, although compared to real estate around the nation, St. Albans homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in St. Albans, accounting for 46.88% of the city's housing units. Other types of housing that are prevalent in St. Albans include duplexes, homes converted to apartments or other small apartment buildings ( 34.64%), large apartment complexes or high rise apartments ( 14.56%), and a few row houses and other attached homes ( 3.18%).
People in St. Albans primarily live in small (one, two or no bedroom) single-family detached homes. St. Albans has a mixture of owner-occupied and renter-occupied housing.
The housing in St. Albans was primarily built before 1939 ( 48.36%), making the housing stock in St. Albans some of the oldest overall in America, although there is a range of ages of homes in St. Albans. The next most important housing age is between 1940-1969 ( 26.79%), followed by between 1970-1999 ( 21.32%). There's also some housing in St. Albans built between 2000 and later ( 3.52%).
Vacant housing appears to be an issue in St. Albans. Fully 11.56% of the housing stock is classified as vacant. Left unchecked, vacant St. Albans homes and apartments can be a drag on the real estate market, holding St. Albans real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
St. Albans's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Albans during the period has been just 5.63%, which is lower than 70% of US communities.
Over the last year, St. Albans appreciation rates have trailed the rest of the nation. In the last twelve months, St. Albans's appreciation rate has been 4.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Albans were at 6.48%, which equates to an annual appreciation rate of 28.55%.
Importantly, this makes St. Albans one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Vermont, our data show that St. Albans's latest annual appreciation rate is lower than 80% of the other cities and towns in Vermont.
$281,127
for Vermont
for nation
2,862
$1,941 / per month