05656, Johnson, VT

Home equity is the difference between what a homeowner owes on their home and the value of their home. Home prices are the amount that someone is willing to pay for a property. In Johnson, VT, home equity and home prices have been on the rise in recent years. This has led to an increase in homeowners' net worth.

According to Zillow, as of February 2019, the median home value in Johnson was $269,200. This represents an increase of 6% from 2018 and a growth rate of 2% compared to Vermont as a whole. The average price per square foot was $145 which is also above the statewide average of $142.

The reasons for this uptick in home values are varied but likely include increased demand due to strong job growth and low interest rates, as well as limited supply due to zoning regulations that make it difficult to build new homes in certain areas. Additionally, many homeowners have taken advantage of low interest rates by refinancing their mortgages multiple times over the past few years which has helped boost their net worth even further.

Despite these positive trends, there are still some areas where Johnson's housing market is weaker than others. For example, while prices have increased modestly in most parts of town since 2013 (the latest year for which data is available), they've grown much faster in some neighborhoods (particularly near downtown) than others (eastern sections). Additionally, while there has been an overall increase in homeownership rates since 2010 (when it stood at around 64%), eastern Johnson County remains one of Vermont's most affordable housing markets - meaning that relatively few people can afford to buy a house here without taking out substantial loans or using other forms of financial assistance.

Overall though, Johnson's housing market appears healthy and stable - with modest but consistent growth over the past several years - making it an attractive place for potential homeowners or investors alike