Rutland is a small city and the seat of Rutland County in Vermont. Despite its population of just 16,495, it is actually Vermont's third largest urban area. Rutland became one of the world's largest producers of marble in the second half of the 19th century through the early 1990s. It is just a short 20-minute drive to Killington Resort, the largest ski area in the eastern United States.
Check out Rutland, VT homes for sale, and rent to own
Vermont without the price tag! Those dreaming of an idyllic life in the Green Mountains could be forgiven for feeling put off by the fact that median house prices in Vermont are above the national average at $215,800 compared to $181,400. Fortunately, Rutland is an exception to this rule with a median sale price of $161,100; this is 25.3% less than elsewhere in the state. Whether someone is looking for a timber frame house in the leafy suburban atmosphere next to Pine Hill Park or an apartment close to the downtown amenities on Center Street, there is something to suit most tastes. Rent to own is also a sensible option given that rents are $790 a month compared to $864 for the rest of Vermont.
A bustling downtown! Unlike many other towns of similar sizes, Rutland has a busy downtown with many local, thriving businesses and a vibrant cultural scene. The Chaffee Art Center for the Visual Arts on North Main Street serves as an exhibition space for local artists in the Rutland area, while The Rutland Free Library on Court Street serves as the town's main library. Among Rutland's coffee spots, Cafe Terra on Center Street and Java News on Merchants Row are local favorites. Those looking for dining out options will be impressed with the locally-sourced fare at Table 24 and the gourmet American cuisine at Roots, both located on Wales Street.
A stabilized property market! Slow and steady wins the race, or at least that could be the case with Rutland. Unlike other towns, it emerged from the recession relatively unscathed with only a minor drop in home values. The market here is very stable with prices increasing only slightly by 0.58%. However, in the last quarter there has been a marked increase in values of 1.72%. The southern section of the city between College of St. Joseph and Campbell Road is witnessing the higher levels of demand.
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