Why Live in Fairlee
Fairlee, Vermont, is a quaint village of around 1,000 residents nestled between the Connecticut River and the foothills of the Green Mountains. Surrounded by lush forests and lakes, it is a popular summertime destination, especially with attractions like Lake Morey Resort and the Lake Morey Ice Skating Trail, the longest maintained ice-skating trail in the United States. The village offers a mix of lakeside cabins, rustic cottages, spacious farmhouses, and Folk Victorians, many situated along peaceful country lanes. Main Street features a few shops and eateries, including Jan’s Fairlee Diner, Broken Hearts, and Sunnyside Coffee Company, as well as Chapman’s General for snacks and artisan goods. The Fairlee Motel & Drive-in Theater provides local entertainment, while groceries can be found at Wing’s Supermarkets in town or larger chains 8 miles away in Bradford. The Rivendell Interstate School District serves students in both Vermont and New Hampshire, with Samuel Morey Elementary School and Rivendell Academy providing education. Fairlee is accessible via Interstate 91 and U.S. Route 5, with Burlington 80 miles away, Boston 150 miles, and Hartford 170 miles. The nearest medical center, Alice Peck Day Memorial Hospital, is 27 miles south in Lebanon, New Hampshire.
Frequently Asked Questions
What is the average home price in Fairlee, VT?
Homes for sale in Fairlee, VT have an average home price of $505,533.
How many homes have sold over the last 12 months in Fairlee, VT?
7 homes have sold in Fairlee, VT over the last 12 months.
What are the most popular zip codes in Fairlee, VT?
How much do you need to make to afford a house in Fairlee?
The median home price in Fairlee is $485,000. If you put a 20% down payment of $97,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,510 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $108K a year to afford the median home price in Fairlee.
How are the schools in Fairlee, VT?
Home Trends in Fairlee, VT
On average, homes in Fairlee, VT sell after 120 days on the market compared to the national average of 70 days. The median sale price for homes in Fairlee, VT over the last 12 months is $400,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$400,000
Median Single Family Sale Price
$400,000
Average Price Per Sq Ft
$401
Number of Homes for Sale
1
Last 12 months Home Sales
7
Median List Price
$485,000
Median Change From 1st List Price
18%
Median Home Sale Price YoY Change
13%