Barre, VT is a great place for real estate investment because of its rich culture, history, and economic growth. It’s the biggest city in Washington County, Vermont, and is known as the “Granite Center of the World.” It attracts all kinds of people, from families looking for a safe place to live to art lovers1. With jobs aplenty and lower living costs than cities like Boston, Barre VT is becoming a hot spot for investors.
Looking into Barre VT’s real estate shows promising signs, with a strong job market and good home values. In places like Barre Southeast, homes cost around $360,216 on average. This is higher than many other areas in both Vermont and the US2. Also, renting in Barre Southeast costs about $2,204 on average. This is more expensive than in 77.3% of Vermont’s neighborhoods2. These numbers show that Barre could give investors good returns.
So, whether you’re searching for a family-friendly spot or a place with high rents, Barre VT has lots to offer. Its lovely community vibe and solid economic outlook make it a prime choice for real estate investments.
Key Takeaways
- Barre, VT is the most populous city in Washington County, known for its cultural and historical significance1.
- Barre Southeast has a median real estate price of $360,216, more expensive than nearly half of the neighborhoods in Vermont2.
- The average rental price in Barre Southeast is $2,204, higher than 77.3% of neighborhoods in Vermont2.
- 48.9% of Barre Southeast’s working population is employed in high-tier occupations2.
- Barre VT is attractive for family-friendly living and high return on investment1.
Introduction to Barre, VT and Its Investment Potential
Barre, VT, is an attractive spot for those looking to invest in real estate. It’s in the heart of Vermont, surrounded by beautiful mountains. This city offers a great life, affordable living, and many job opportunities. The Barre VT housing market is growing thanks to the city’s charm and growing economy.
Art and culture make Barre special, with places like the Barre Opera House and the Vermont Granite a href=”https://www.realestateskills.com/blog/how-to-flip-houses-vermont”>Granite Museum standing out. These spots draw in lovers of art and culture. They help make Vermont’s real estate scene even more appealing.
Healthcare is a big part of Barre’s economy. About 20 cents of every dollar spent in Vermont is for healthcare. Also, 1 in 3 jobs in the state are in this sector3. This stable economy and community support make Barre great for property investors.
Vermont is working on health reform, like a single-payer health insurance for everyone3. These efforts aim to improve life in Barre. They make the city even more inviting for real estate investment.
Now is a good time to invest in Barre’s housing market. Whether you’re new or experienced, there’s growth to benefit from. For more tips on investing in Vermont, check out this house flipping guide3.
The mix of culture, economic plans, and healthcare makes Barre a top choice for investing3. As the city grows, investors who jump in now stand to gain a lot from its future.
Athens Drive: A Thriving Community Hub
Athens Drive isn’t just a place to live. It’s the heart of Barre, VT, where community comes first. Here, people enjoy great amenities and feel a strong sense of belonging. It’s perfect for families and professionals alike.
Overview of Athens Drive
At the core of Barre, Athens Drive mixes small-town vibes with modern comforts. It’s known for its vibrant community life and safe environment. The neighborhood pulls together for local events and initiatives, strengthening the community spirit. The importance of working together is also stressed in the VHCB Annual Report4.
Real Estate Market Trends in Athens Drive
The real estate market here is on the rise, making it a smart place to invest. Homes are in demand for their peace and connectivity. Central Vermont’s data shows negotiation and understanding motives are key in buying here5. With Vermont investing in its towns, Athens Drive’s homes are gaining value4. Now’s a great time to look into Athens Drive’s real estate.
Amenities and Lifestyle
Athens Drive boasts amenities that uplift its residents’ lifestyle. Schools, healthcare, parks, and recreational spots are all nearby. Efforts to better water and housing boost the neighborhood’s quality and appeal4. Plus, downtown Barre’s dining and shopping are just a short trip away. With these amenities and its strong community, Athens Drive represents the best of Barre VT living.
Graniteville: Home to Culture and History
Graniteville is a key part of Barre, VT, known for its deep cultural roots. This place is well-known for its granite quarries and its impact on history and culture. The first granite quarry in Barre began in 1813. This event started an industry that boosted the area’s economy after early transportation issues were solved6. The use of local granite defines Barre’s architecture. You can see this in many homes and public buildings, like the post office downtown7.
Graniteville isn’t just about making money. It’s a place where history and culture matter a lot. It attracts those who love history and investors who want to help preserve Vermont’s past. When Scottish stonecutters arrived in 1880, they and later immigrants from various countries enriched Graniteville’s culture6.
Graniteville contributes to making Barre the largest city in Washington County. It is home to attractions like Rock of Ages and the Barre Opera House7. These sites draw tourists and keep the community lively. The election of socialist mayors between 1916 and 1931 shows Barre’s interesting political history. Barre has also been significant in the industry sector6.
Graniteville’s story is woven into the community over many years. It stands out among Vermont’s historic towns for its history, culture, economic opportunity, and community spirit. Investing here means more than financial benefit. It means being part of a rich and meaningful story in Vermont’s history.
Best Neighborhoods To Invest In Barre, VT
Barre, VT, is a top choice for real estate investment, thanks to its diverse neighborhoods. Its stable housing market, impressive employment rates, and great home values make it appealing8.
Key Factors for Investment
Barre has seen a median sale price jump of 14% in the last year8.Since April 2021, prices climbed by 35%, showing the area’s investment potential8.Being Washington County’s largest city boosts Barre’s attractiveness for investors1.
Popular Neighborhoods
Athens Drive and Graniteville are noteworthy for their community spirit and history1.Montpelier also stands out with the 6th best home values in the nation1.Northfield offers homes at $193,103 and incomes around $72,480, promising solid returns.
Plus, its closeness to Woodstock, with very low crime rates, adds to Barre’s charm1.
ROI and Long-Term Potential
In Barre, the real estate market is competitive and fast-paced. Homes in Barre City typically sell in 60 days, showing strong buyer interest9.
Prices for 3-bedroom and 4-bedroom homes are rising, indicating a positive trend9. North Barre, for example, had a home that got 22 offers, underlining the high demand8. Another home at 10 Hersey Drive received 15 offers, proving the market’s dynamism8.
| Neighborhood | Median Home Value | Median Income | Remarkable Feature |
|---|---|---|---|
| Montpelier | 6th best in the US | Not Available | High Employment Rate1 |
| Northfield | $193,103 | $72,480 | Steady Returns1 |
| Woodstock | Best in VT | Not Available | Low Crime Rate1 |
South Barre: An Ideal Location for Families
South Barre is a top spot in Barre, VT, for families wanting a calm yet connected home. It’s known for being welcoming and focuses on family needs. This makes it very popular for those wishing to live or invest there long-term.
The area is filled with working professionals. About 32.6% of them have jobs in executive, management, or professional roles10. This shows that South Barre is a great place for family living. It also points to a strong demand for homes in the area.
Education is very important in South Barre. In fact, 33.20% of adults have a bachelor’s degree or higher10. This educational level is above the national average and helps drive real estate growth. Also, most people have short commutes, with 87.6% driving less than 15 minutes to work alone10.
The median income in South Barre is $43,580, making it an upper-middle-income community10. This financial health boosts the area’s appeal. Plus, about 7.83% of people work from home10, adding to its attractiveness for families.
South Barre has a rich cultural scene, with notable Scottish and French Canadian heritage. 12.5% have Scottish roots, and 8.2% French Canadian10. Plus, 15.1% identify with Irish ancestry10. English is the main language, but 5.3% of residents speak French at home10.
The community is the 53rd largest in Vermont, with 3,864 people10. It offers many amenities and promotes a close-knit community. South Barre is great for both families and investors.
South Barre stands out with good schools, a strong job market, and rich culture. It’s an excellent choice for families looking to move or invest in Barre VT.
Northern Barre: Balancing Urban and Suburban Life
Northern Barre brings together the ease of city living with the peace of the suburbs. It gives people a unique lifestyle. This mixture attracts those looking for a cozy suburban feel without giving up city benefits.
About Northern Barre
Northern Barre, VT, is a special place with a mix of city and suburbia. It prizes nature, offering open spaces and untouched lands. The area deals with environmental issues but also sees moments for growth, like creating a network of greenways link11.
Real Estate Opportunities
Real estate in Northern Barre, VT, is booming with possibilities. There are modern and traditional homes. The focus is on improving water along rivers and cleaning up contaminated sites11. This offers something for everyone, whether you’re looking to live or invest.
In Northern Barre, you get the best of both worlds. The mix of urban and suburban lifestyles, plus great investment chances, makes it an ideal spot. This makes Northern Barre a top choice for buying property.
Downtown Barre: The Heartbeat of the City
Downtown Barre is the city’s pulsating heart, known for dining, shopping, and culture. As the commercial and social epicenter, it attracts investors and residents to Barre VT properties.
The area’s revival is drawing businesses and homeowners, making it an investment hotspot. The Downtown Barre VT real estate market is booming. Supported by a strong business community, it offers commercial and residential properties for various needs.
The 2-MW Williamstown Solar Farm in Barre started in December 2012, under Vermont’s SPEED program. It promotes renewable energy. Washington Electric Cooperative sends this farm’s power to the state’s grid. This helps the renewable power market12.
Central Barre VT boasts historic and new buildings for living, retail, or dining. The Washington Electric Community Fund aids local organizations12.
Investing in Downtown Barre VT promises significant returns. The area’s beauty and historic buildings add to its appeal. Central Barre VT’s accessibility and convenience attract locals and newcomers alike.
The Barre solar farm uses around 9,000 solar panels over 16 acres. It converts DC to AC, distributed by Washington Electric Cooperative’s lines12. This boosts central Barre VT properties and provides the community with clean energy.
For info on investing in Barre VT or senior living communities there, please visit A Place For Mom12
Community Events and Opportunities in Barre, VT
Barre, Vermont, is a center for industrial history and a lively community. It hosts many annual events and festivals.
Annual Events and Festivals
Barre’s festivals attract people from everywhere. The Heritage Festival shows off the city’s history and diversity. These gatherings build a strong local bond.
The town’s history is preserved in places like the Barre Town Forest. It covers 381 acres, and 355 are protected since 2013. There, you can walk, ski, or bike on 20 miles of trails13.
Families and guests can enjoy a free 18-hole disc golf course in the forest13. The Volunteer Buckthorn Removal Program shows the people’s commitment to their environment13. These efforts enrich Barre’s culture.
Opportunities for Investors
Barre offers great chances for investors in events and hospitality. A project will add 128 homes, valued at $250,000 each, raising the city’s value by $32,000,00014. It could bring about 320 new residents, boosting the local economy.
This project is expected to generate $1.1 million in taxes. This includes over $650,000 for local services and helps fund education14. Investors can profit from Barre’s popular events and tourism.
To learn about Barre’s investment opportunities, check this page. You’ll find information on potential returns and community projects.
Conclusion
In conclusion, Barre, VT is full of investment chances. It’s really tempting for those wanting to make smart real estate choices. Property values in Vermont jumped by 50.4% in the last five years15. Barre’s areas show a strong potential for profit and growth. Vermont’s tiny unemployment rate of 2.20% and job growth of 4.6%15 in the last year highlight Barre’s strong economy.
Every part of Barre has something special for investors. Athens Drive is great for families. Graniteville is rich in culture. Northern Barre mixes city and suburb feels, and Downtown Barre is lively. The second-lowest crime rate in the country15 makes Vermont even more attractive for real estate investment.
Home sales dropped a bit by 3.4% in January 202415. But, the average home value in Vermont went up by 17% over the past year, reaching $374K16. This growth shows Barre is a great place for investors aiming for long-term gains and steady rental income. Clearly, Barre’s varied neighborhoods offer great chances for investors focused on growing their real estate portfolios.
FAQ
What are the best neighborhoods to invest in Barre, VT?
Barre, VT, has many great areas for investment like Athens Drive, Graniteville, South Barre, Northern Barre, and Downtown Barre. Each area offers its own benefits, like community spirit and cultural richness. They combine suburban peace with the perks of city life.
What makes Athens Drive a thriving community hub?
Athens Drive is known for its lively community, easy access to amenities, and a friendly atmosphere. Properties here are becoming more valuable. This makes it a top choice for both families and professionals.
Why is Graniteville considered a cultural and historical investment?
Graniteville is famous for its granite quarries and deep historical roots. Investing here is financially smart and helps preserve Vermont’s history. It’s a way to be part of Vermont’s rich past.
What are the key factors contributing to Barre, VT’s investment appeal?
Barre, VT, is appealing due to its stable housing market, strong job rates, and good home values. With neighborhoods like Montpelier and Northfield, investors find diverse opportunities. These areas promise good investment returns.
Is South Barre a good neighborhood for families?
Yes, South Barre is great for families with its family-oriented facilities and community feel. The demand for properties here is high. This leads to steady growth in the real estate market.
How does Northern Barre balance urban and suburban living?
Northern Barre offers both urban amenities and suburban peace. With a mix of modern and classic homes, it suits those looking for the best of both worlds.
Why is Downtown Barre considered the heartbeat of the city?
Downtown Barre is the core of city life, buzzing with shops, restaurants, and cultural spots. It’s being revitalized, attracting investment in both commercial and residential spaces.
What kind of community events and festivals can investors expect in Barre, VT?
Barre, VT, enjoys many community events and festivals annually. These gatherings boost the local economy. They offer excellent investment chances in tourism and hospitality.
Source Links
- Top 5 Vermont Towns to Live in and Where to Buy Your Next Home Montpelier, Barre, and Northfield Vermont real estate markets. Buying and selling real estate in Vermont. – https://www.greenlight-realestate.com/blog/posts/2021/07/31/top-5-vermont-towns-to-live-in/
- BARRE SOUTHEAST – https://api.locationinc.com/vt/barre/barre-southeast
- PDF – https://www.barrecity.org/client_media/files/PPA/Municipal Plan/BC Plan text only Section 1 Introduction.pdf
- Governor Phil Scott Delivers Fourth Inaugural Address – http://governor.vermont.gov/press-release/governor-phil-scott-delivers-fourth-inaugural-address
- Central Vermont Real Estate Trends & Statistics | New England Landmark Realty – https://www.nelandmark.com/blog/
- PDF – https://vermonthistory.org/journal/83/VHS8301SolidMen.pdf
- Open House – 11:00 AM – 1:00 PM – https://www.yourvermonthomesearch.com/montpelierbarreberlin/
- Barre Vermont Homes For Sale – Current Market Breakdown Montpelier, Barre, and Northfield Vermont real estate markets. Buying and selling real estate in Vermont. – https://www.greenlight-realestate.com/blog/posts/2023/04/30/barre-vermont-homes-for-sale-current-market-breakdown/
- Barre City Real Estate | Barre City Properties for Sale – https://www.birchandmaplerealty.com/barre-city-homes-for-sale/
- South Barre – Graniteville – https://www.neighborhoodscout.com/vt/south-barre-graniteville
- The Alliance – Business Facilities: Quality of Life: Working Where You Want To Live – https://www.gflalliance.org/news/2020/12/22/in-the-news/business-facilities-quality-of-life-working-where-you-want-to-live/
- PDF – http://www.washingtonelectric.coop/wp-content/uploads/2013/02/Feb2013.pdf
- Barre Town Forest – https://vlt.org/featured-properties/barre-town-forest/
- Prospect Heights | BADC – https://www.badc.com/prospectheights
- Vermont Real Estate Market: Will Sellers Dominate the Market in 2024? – https://www.houzeo.com/blog/vermont-real-estate-market/
- How to Buy a House in Vermont: A Homebuyer’s Guide – https://www.moneygeek.com/mortgage/how-to-buy-a-house-in-vermont/
