05873, West Danville, VT

West Danville, VT is located in the 5873 zip code. According to the 2010 census, the population of West Danville was 2,912. The median household income in West Danville was $87,868, and the median family income was $102,722. The percentage of families living below the poverty line in West Danville was 3.2%.

The average home value in West Danville was $209,000 as of September 30th, 2013. This represents a decrease from the previous year when the average home value was $219,000. In terms of price appreciation over time, West Danville has seen a moderate amount of appreciation since 2000 when the average home value was only $148,000.

Despite this moderate appreciation rate over time however, there are still a number of homeowners who have seen their homes increase in value by more than 100%. In fact according to Zillow’s Home Value Index for ZIP Codes within 50 miles of West Danville (5873), 5 out of 10 homes are worth more than their original purchase price. Additionally according to Trulia’s analysis for ZIP Codes within 50 miles of West Danville (5873), 7 out 10 homes are worth more than their original purchase price.

This level of equity is likely due to several factors including:

-The relatively low number of homes that have been built since 2000

-The strong economy and job market throughout most of this period

-Low interest rates which have helped keep mortgage payments affordable