Cumulative growth in median home sale price and median household income, Vermont, 2019-2024

Household income has grown just 15 percent since 2019, failing to keep up with rising home prices. In 2019 Vermonters at the median income level could afford about half of homes in the state; by 2024 that share had dropped to a third. In other words, most Vermonters cannot afford most homes in the state. The U.S. Department of Housing and Urban Development defines unaffordable housing as costing more than 30 percent of household income.