Since real estate values are continuing to rise in the Green Mountain State, investing in a Rent to Own property in Vermont is a great way to get started with growing an investment now. Turning your rental home into your property is a great way to lock in a price and take the steps needed to put you on the path to home ownership.
Natural Beauty Comes Standard
Calling Vermont the Green Mountain State is almost an understatement. Upwards of 75 percent of the state is covered in forest and ranks 49th in population. Vermont is also a hub for environmentalism, protecting the natural green bounty that the state offers. This New England state is the most rural in the continental United States and is home to many historic villages, as well as over one hundred 19th century covered bridges. Major industries in the Green Mountain State include food processing (maple syrup and wine), manufacturing, electronics, agriculture, wholesale trade, and services. Population growth averages at about -0.05 percent annually. Job growth in continues at 0.7 percent and unemployment sits at 3.9 percent. For average income, the median household income is $40,856 and the median family income is $48,625 annually.
Burlington, VT Source: Nedde Real EstateHousing in Vermont
Home values are strong in Vermont, where the average home value in early June 2015 was $219,600 . . . more than the national average. Some of the most popular metro areas in Vermont are Burlington, South Burlington, Colchester, Rutland, and Essex Junction.
Education School rankings are mostly good to average throughout the Green Mountain State with the best schools concentrated near major metro areas. Vermont has notable universities that include the University of Vermont, Middlebury College, Saint Michael's College, Champlain College, and Norwich University.
According to WalletHub, Vermont is the safest state in the US based on a variety of metrics. Neighborhood Scout notes that violent crime rates are below the 3.8 per 1,000 residents national average at 1.21 per 1000. property crime is 22.14 per 1,000 residents and is below the 27.3 national average.
Green Mountains, VT. Via Find and Go SeekCulture and Entertainment
For the outdoors enthusiast, a whole range of options make Vermont a hot spot for explorers. Some popular places of interest include Lake Champlain, Sugarbush Ski Resort, Montshire Museum of Science, Bromley Mountain, and Smuggler’s Notch State Park. Since forests cover 3/4 of the state, naturalism and outdoor activities are very abundant in Vermont, as well as a keen sense of conservation and environmentalism. While the population is almost the lowest in the nation, the people are very open and caring for their neighbors, giving off the ultimate small town vibe throughout the state with beautiful colonial architecture to match the state’s history.