05822, Barton, VT

Barton, Vermont is located in the 5822 zip code. The median home value in this zip code is $137,000. Home equity in Barton has increased by a significant amount over the past few years. In 2016, the home equity was $123,000. This increase can be attributed to an increase in home prices and an increase in home equity loans available to residents.

The average monthly payment on a 30-year fixed-rate mortgage with 4% interest would be $1,063. If you were to take out a 5/1 ARM (adjustable rate mortgage), your monthly payment would be $1,183 assuming that your interest rate remained at 4%. A 20% downpayment would result in a lower monthly payment if your interest rate went up but would still be above the average monthly payments for someone with a 30-year fixed-rate mortgage.

Home prices have been on the rise for many years now and there is no indication that this trend will change any time soon. Barton has seen an influx of new residents over the past few years and many of these residents are purchasing homes because they believe that prices will only continue to go up. There are currently not enough homes available for sale within this zip code so buyers who are looking for homes will need to be patient as inventory levels gradually increase over time.