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Wells River

Learn about the people, housing, costs and businesses in Wells River, Vermont

Median Home$285,000
Median Rent$1,080/month
Population408
Leading IndustriesWholesale Trade · Transportation · Healthcare15% wholesale trade
Home Value Growth⬆⬆+11.0% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners81% of occupied units
Wells River
VT

Frequently Asked Questions

What are today's mortgage rates in Wells River?

As of today, the 30-year fixed mortgage rate for Wells River is approximately 6.903% (6.939% 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 Wells River?

The median home value in Wells River is $285k. The median monthly rent is $1,080. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wells River?

Home values in Wells River have increased 11.0% 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 Wells River?

Based on a typical all-in ownership cost of $1,058/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wells River is $62k/year.

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What industries drive the economy in Wells River?

The largest employment sectors in Wells River are public administration (20%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.