05478, Saint Albans, VT

The 5478 zip code of Saint Albans, VT is located in the Northeast Kingdom region of Vermont. The area has a population of just over 10,000 and median household income is just over $60,000. Home prices in the zip code have increased significantly in recent years, with the average home price reaching $269,000 as of September 2017. This represents a growth rate of almost 20% over the past three years.

The main drivers of this increase are likely to be strong demand and limited supply. There are relatively few homes available for sale in the 5478 zip code, which has resulted in very high demand and elevated prices. Additionally, many homeowners who have been able to sell their homes have done so at above-market prices due to strong demand from buyers. This suggests that there is considerable confidence among buyers in the Saint Albans market and that they believe that prices will continue to rise.

There are some potential risks associated with this trend however. Firstly, if interest rates begin to rise then it could lead to a slowdown or even a reversal in house price growth in the 5478 zip code. Secondly, if there is an economic downturn then it could lead to a decrease in demand for housing and consequently lower home prices. Thirdly, if there are any major developments or changes made to zoning laws within the 5478 zip code then this could also impact house prices negatively.