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Addison Northwest

Learn about the people, housing, costs and businesses in Addison Northwest, Vermont

Median Home$369,304
Median Rent$1,222/month
Population7,575
Leading IndustriesWholesale Trade · Professional Services13% wholesale trade
Home Value Growth⬆⬆⬆+31.6% over 2 years
Retirees23% of residentsslightly above average
Homeowners80% of occupied units
NotableHighly Educated27% bachelor's · 14% graduate · top 10% nationally
NotableHigh Incomes$93k/year · top 21% nationally
Addison Northwest
VT

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Addison Northwest?

As of today, the 30-year fixed mortgage rate for Addison Northwest is approximately 6.886% (6.922% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Addison Northwest?

The median home value in Addison Northwest is $369k. The median monthly rent is $1,222. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Addison Northwest?

Home values in Addison Northwest have increased 31.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Addison Northwest?

Based on a typical all-in ownership cost of $1,466/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Addison Northwest is $93k/year.

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What industries drive the economy in Addison Northwest?

The largest employment sectors in Addison Northwest are public administration (25%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.