Why Live in Fairlee
Fairlee is a quaint Vermont village with around 1,000 residents, situated between the Connecticut River and the Green Mountains' foothills. The area is known for its lush forests, lakes, and low mountains, making it a popular summer destination. Lake Morey Resort, a key attraction, offers scenic views and hosts a summer concert series. In winter, the resort features the longest maintained ice-skating trail in the U.S. at over 4 miles. The village has a mix of lakeside cabins, rustic cottages, spacious farmhouses, and Folk Victorians, often located on large, peaceful lots. Main Street features a few shops and eateries, including Jan’s Fairlee Diner and Chapman’s General, a family-owned store since 1807. The Fairlee Motel & Drive-in Theater provides local entertainment. While groceries are available at Wing’s Supermarkets, larger stores are 8 miles away in Bradford. Fairlee is accessible via Interstate 91 and U.S. Route 5, with Burlington 80 miles away and Boston 150 miles. The nearest medical center is Alice Peck Day Memorial Hospital, 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 $583,582.
How many homes have sold over the last 12 months in Fairlee, VT?
16 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 $469,000. If you put a 20% down payment of $93,800 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,440 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $105K 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 41 days on the market compared to the national average of 50 days. The median sale price for homes in Fairlee, VT over the last 12 months is $405,000, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$405,000
Median Single Family Sale Price
$410,000
Average Price Per Sq Ft
$356
Number of Homes for Sale
1
Last 12 months Home Sales
16
Median List Price
$469,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-16%