Why Live in Coventry
Coventry, VT, is a rural community situated just outside Newport, characterized by its forested landscapes and expansive lots. The town lacks extensive infrastructure, leading residents to rely on private utilities, which helps keep taxes relatively low. Notably, Coventry does not have zoning laws, allowing homeowners to start hobby farms or home businesses without needing approval. The area features ranch-style homes, farmhouses, and manufactured properties, with lot sizes ranging from half an acre to 10 acres. Homeowners typically use private well water and septic tanks, and dirt roads can become muddy in the spring. Some low-lying areas are prone to flooding, necessitating flood insurance for federal mortgages. Coventry is bordered by the South Bay of Lake Memphremagog, offering public access points for boating in Newport. The South Bay Wildlife Management Area spans around 2,000 acres of wetlands, popular for hunting and fishing. The town center includes a post office and Martha’s Diner, a community staple since the 1970s. For more dining and grocery options, locals head to Newport. Coventry is connected to Newport via Highway 5, with Interstate 91 running along its east side, leading to the Canadian border less than 20 miles away. The Northeast Kingdom International Airport, primarily for small private flights, is centrally located. The annual Fly to Pie Kingdom Marathon starts at the airport and ends with a pizza party in West Glover. Local children attend Coventry Village School for kindergarten through eighth grade.
Frequently Asked Questions
What is the average home price in Coventry, VT?
Homes for sale in Coventry, VT have an average home price of $301,300.
Are home prices dropping in Coventry?
Yes, home prices in Coventry are down 3% in the last 12 months.
How many homes have sold over the last 12 months in Coventry, VT?
3 homes have sold in Coventry, VT over the last 12 months.
What are the most popular zip codes in Coventry, VT?
How much do you need to make to afford a house in Coventry?
The median home price in Coventry is $299,000. If you put a 20% down payment of $59,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Coventry.
How are the schools in Coventry, VT?
Home Trends in Coventry, VT
On average, homes in Coventry, VT sell after 112 days on the market compared to the national average of 50 days. The median sale price for homes in Coventry, VT over the last 12 months is $255,000, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$255,000
Median Single Family Sale Price
$255,000
Average Price Per Sq Ft
$157
Last 12 months Home Sales
3
Median List Price
$299,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-11%