The story of this market
The typical home in ZIP 05489 sells for about $467,500, or $234 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 05489 — Underhill
The housing market in 05489 remains tight with low inventory and steady demand, keeping prices elevated. Buyers are facing a competitive environment, though the pace of appreciation has moderated compared to previous years. The area's appeal as a rural retreat with access to Burlington continues to drive interest.
This ZIP is ideal for families and outdoor enthusiasts seeking a quiet, rural lifestyle while maintaining a manageable commute to the Burlington employment core.
Median prices moved up 4.2% year over year.
Homes spend a median of 48 days on market with 4.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 6.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 05489, Chittenden County VT
Underhill is a rural community with very low reported crime rates, consistently ranking well below both state and national averages for violent and property crime.
Schools serving the area are generally well-regarded, with the Mount Mansfield Unified Union School District providing a strong academic environment for local students.
The area faces moderate risks from winter weather and seasonal flooding in low-lying areas, with property insurance premiums reflecting standard New England hazard profiles.
Economic momentum is driven by proximity to the Burlington metropolitan area, with residents often commuting to major employers in the tech, healthcare, and education sectors.
Property taxes are assessed at the municipal level based on fair market value, with education funding primarily handled through the state's uniform property tax system.
Commuting typically requires a personal vehicle, with most residents driving 25-40 minutes to reach major employment hubs in Burlington or Winooski.
The area offers extensive access to outdoor recreation, including hiking trails in the Green Mountains, local parks, and proximity to winter sports venues.
The rental market is characterized by low inventory and high demand, with many properties serving as long-term housing for local workers and families.
The local economy is largely supported by small businesses, agriculture, and the broader Chittenden County labor market, which includes major employers like the University of Vermont and UVM Medical Center.
Development is primarily focused on low-density residential growth, with strict zoning to preserve the rural character of the town.
Parcels are subject to local municipal taxes and the statewide education property tax.
Property insurance remains stable, though premiums are influenced by the region's susceptibility to severe winter storms.
Data retrieved from US Census Bureau ZCTA 05489 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Smugglers' Notch Resort4.55.4 mi
- Spare Time Colchester4.315 mi
- Get Air Trampoline Park4.114.1 mi
- Monkey Do!4.313.7 mi
- The Great Escape Room Burlington517.3 mi
- Stowe Mountain Resort4.24.8 mi
- Champlain Valley Exposition4.312.7 mi
- ECHO, Leahy Center for Lake Champlain4.617.7 mi
- Foam Brewers - Burlington4.717.6 mi
- Spare Time Colchester4.315 mi
- Bolton Valley Resort4.58.9 mi
- Champlain Valley Exposition4.312.7 mi
- Essex Cinemas4.410.4 mi
- Historic Gold Brook Covered Bridge4.612.2 mi
- Smugglers' Notch State Park Campground4.65.4 mi
- ECHO, Leahy Center for Lake Champlain4.617.7 mi
- Historic Gold Brook Covered Bridge4.612.2 mi
- Ethan Allen Homestead Museum and Historic Site4.517.7 mi
- Fleming Museum of Art4.516.5 mi
- Birds of Vermont Museum4.815 mi
- Bolton Valley Resort4.58.9 mi
- Smugglers' Notch State Park Campground4.65.4 mi
- Little River State Park4.612.2 mi
- Underhill State Park4.82.1 mi
- Sterling Pond Trail4.84.1 mi
- Burlington Harbor Marina4.717.8 mi
- West Bolton Golf Club4.57.4 mi
- Stowe Country Club4.69.7 mi
- Shaw's4.111.3 mi
- Sweet Simone's4.611.5 mi
- Market 3249.7 mi
- Essex Experience4.210.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive hiking and outdoor recreation area.
Popular destination for camping and mountain access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.