Metropolitan Statistical Area (MSA):
Barre, VT is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the real estate market in the Barre, VT metropolitan statistical area (MSA) has been on a roller coaster ride over the past few years. After reaching record highs in 2006 and 2007, prices came crashing down during the Great Recession, bottoming out in 2011. Since then, prices have slowly but steadily climbed back up, and are now once again approaching pre-recession levels.
One of the most notable trends in the Barre MSA housing market is the increasing popularity of "tiny homes." These homes, which are typically less than 400 square feet, have become popular among young people and retirees who are downsizing or looking for a more affordable option. In fact, there are now several tiny home communities in the area.
Another trend that is becoming more prevalent is "house hacking." This involves buying a property with multiple units and living in one unit while renting out the others. This can be a great way to offset your mortgage payments and live for free (or close to it).
Finally, there has been an increase in demand for luxury properties in recent years. This is likely due to an influx of wealthy retirees who are looking for second homes or investment properties in Vermont's scenic countryside.