05830, Derby Line, VT

The 5830 zip code of Derby Line, VT has a median home value of $269,900 and a median home equity of $141,000. This is significantly higher than the Vermont statewide median home value of $146,600 and the national median home value of $181,200.

The 5830 zip code has seen an increase in home values over the past five years. The average increase during that time period was 12%. This is significantly higher than the statewide average increase of 7% and the national average increase of 6%.

There are a number of factors that may contribute to this increased demand for homes in the 5830 zip code. One potential reason is that Derby Line is located within close proximity to several major metropolitan areas, including Boston (just over an hour away), Burlington (just over two hours away), and Montreal (just over three hours away). These areas are likely drawing in buyers who want to be close to all the action but also have access to affordable housing.

Another potential factor contributing to increased demand for homes in the 5830 zip code is low unemployment rates. As of May 2018, unemployment rates in Derby Line were just 2%, which is much lower than both the statewide unemployment rate (3%) and national unemployment rate (4%). This low unemployment rate may be attracting buyers who want to invest in property rather than risk their money on an uncertain future market.