Brokers — List your Company Here
Featured local agent — ZIP 05602
Sarah Mitchell
Compass Real Estate · ZIP 05602
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
05602 ZIP Code Housing Market
$373,000median sale price
What is the 05602 housing market like right now?
The median home sale price in ZIP code 05602 is $373,000, down 22.3% year-over-year. Homes sell in an average of 74 days with 35 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 05602 ZIP code a buyer's or seller's market?
ZIP code 05602 is currently a leaning buyer's and homes selling in about 74 days. How we determine this →
What are the latest 05602 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $373,000 |
| Median list price | $445,000 |
| Year-over-year price change | -22.3% |
| Average days on market | 74 days |
| Active inventory | 35 listings |
| Sale-to-list price ratio | 97.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 05602 zip code, located in Montpelier, VT, is currently classified as a leaning buyer's. The median sale price stands at $373,000, representing a -22.3% change year over year. Homes in this area spend an average of 74 days on the market before going under contract. There are currently 35 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 05602 sits in the Montpelier, VT area, roughly 3.2 miles from downtown Montpelier. Because home prices are set street by street, this ZIP can move differently from Montpelier's citywide averages. The figures below reflect 05602 specifically — drawn from Redfin transactions, U.S. Census data for its 12,250 residents, and Zillow value estimates.
Homes sold
23
Last 12 weeks
Days on market
74
Average pace
Active listings
35
Sale-to-list
97.0%
Below asking
What is driving the 05602 housing market?
The 05602 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 05602 have declined -22.3% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 05602 stands at $435,954, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,449 per month. This gives a price-to-rent ratio of approximately 25.1, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 05602?
Population
12,250
Median income
$81,320/yr
Median age
45.1 years
Owner-occupied
66.2%
College grads
59.7%
Avg commute
17.17 min
What is it like living in 05602?
Zip code 05602 is home to approximately 12,250 residents. The median household income is $81,320 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 66.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 59.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 17.17 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 05602.
Which public schools serve ZIP 05602?
6 schools tracked · 2,151 students
The largest public schools serving ZIP code 05602 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
U-32 Middle & High School
Grades 7-12 · 692 students
Union Elementary School
Grades PK-4 · 436 students
Montpelier High School
Grades 9-12 · 371 students
Main Street Middle School
Grades 5-8 · 335 students
Berlin Elementary School
Grades PK-6 · 195 students
Rumney Memorial School
Grades PK-6 · 122 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 05602
What is the median home price in 05602?
The current median sale price in 05602 is $373,000, based on recent Redfin transaction data. Prices have changed -22.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 05602 a buyer's or seller's market?
The 05602 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 05602?
Zip code 05602 has a population of approximately 12,250 residents. The median household income is $81,320 per year. About 66.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 05602?
Properties Incorporated provides comprehensive data for 05602 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 05602 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
Be the brokerage on this page
1 slot per pageGet featured on ZIP 05602
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this neighborhood. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get zip code 05602 market alerts
Weekly updates on prices, inventory, and trends. Free forever.