Real Estate Investing in Underhill, Vermont (05489)
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Should you buy in 05489 (Underhill, VT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Underhill, VT (05489)?
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Market Analysis: 05489 Underhill
ZIP 05489 inside Chittenden County looks affordable on the surface — median value of $589K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 05489 can be a a solid fit for hunting ground — but the discount at $589K reflects genuine risk that outside investors often underestimate.
Regionally, 05489 sits on the difficult end of the VT spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 3,429 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 05489 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Underhill:
Market Trends
Home Value History (with trend line)
📊 How Does 05489 Compare?
| Metric | 05489 | Underhill | Burlington-South Burlington, VT | Vermont |
|---|---|---|---|---|
| Home Value | $588,775 | $588,775 | N/A | $387,631 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 6.4% |
| Avg Rent | $1,737 | $1,737 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 05489 (Underhill, VT). Anonymous, moderated, never written by AI.
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Property managers serving Chittenden County
Manage rentals here? List your business →Full Circle Property Management, Inc. is a Vermont property management firm. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $588,775 |
| Monthly Rent | $1,737 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 05489
Population: 3,429
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How quickly do rentals get leased in Underhill, VT?
Occupancy in Underhill, VT runs steady with elevated vacancy. Well-priced units at $1,737/mo lease on reasonable timelines.
Is Underhill, VT a good market for buy-and-hold investors?
The 3.0/5 investability rating in Underhill, VT reflects its $589K prices and $1,737/mo rents. Investors generally consider it a solid option within VT.
How much should I expect to pay for a home in Underhill, VT?
Median home price in Underhill, VT is near $589K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
How do experienced investors play Underhill, VT?
In Underhill, VT the solid play is typically careful cash-flow rentals with hands-on management. The combination of $589K prices and $1,737/mo rents suits that approach.
How strong is tenant demand in Underhill, VT?
The renter base in Underhill, VT is reasonable for the $1,737/mo price point. Screening well and pricing to market typically yields stable tenants.
You know 05489 now. You don’t know where it ranks.
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How 05489 ranks in Burlington-South Burlington, VT
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