Hill Section in Vermont: Conditions of a Quiet Affluent Neighborhood - Burlington - 1

Walking near the University of Vermont, you will encounter a neighborhood hidden among large trees, featuring mansions over 100 years old. This area is known as the Hill Section, located on the eastern hill above downtown, as the Burlington locals call it.

The Hill Section is adjacent to the University of Vermont and has long been favored by faculty and medical professionals. Many large homes were built between the late 19th century and early 20th century, and lots with views of Lake Champlain are particularly popular. Recent market trends show that the median home prices in this area range from $800,000 to $1,200,000.

Just a bit south of Burlington is Shelburne. This town, featuring the historic Shelburne Farms site and Lake Champlain, is considered one of the most well-known rural affluent neighborhoods in Vermont. The median home price is around $700,000 to $900,000, but large lakeside lots often sell for much more.

Further south, Charlotte is also noteworthy. Although it has a small population, its spacious agricultural lots and lake access have established it as a quiet affluent neighborhood, with listings frequently exceeding a median home price of $800,000.

The overall median home price in Burlington is reported to be between $450,000 and $500,000, which shows a significant difference compared to the three areas mentioned, with prices being 1.5 to 2 times higher.

The reasons these areas have become affluent neighborhoods vary slightly. The Hill Section benefits from its proximity to the university, Shelburne from its historic farm site and lake views, and Charlotte from its limited development and rural landscape. All three areas share the common trait of having very few new large-scale developments, adding to their exclusivity.

For Korean families considering education or settlement, the Hill Section may be more suitable, while those seeking a quiet rural lifestyle might prefer Shelburne or Charlotte. However, it's worth noting that the overall market in Vermont has limited listings, so it may take time to find a purchase.