Estimated Monthly Payment — Median Vermont Home
$2,968
Based on $390,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$390,000
Property Tax
1.9%
Avg. HOA
$175/mo
Median Rent
$1,350/mo
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Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the Vermont housing market
Vermont's housing market is moderately priced for the region, with a median home price around $390,000. Burlington is the largest metro, with South Burlington a close second. Vermont's housing market is small and tight, with limited new construction; Burlington commands premiums driven by university and remote-worker demand. Vermont's effective property tax rate of 1.9% is one of the highest in the country.
The median Vermont home costs $390,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $2,013, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $2,968. First-time buyers in Vermont can explore programs through Vermont HFA.
Photo by Jeffrey Clayton on Unsplash
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FAQ
Vermont mortgage FAQs
What's the property tax rate in Vermont?
Vermont's effective property tax rate averages about 1.9% — one of the highest in the country. On a $390,000 home, that's roughly $618/month or $7,410/year.
How much do I need to earn to afford a typical Vermont home?
Using the 28/36 rule, a buyer would need roughly $111,000–$142,000 in gross annual income to comfortably afford Vermont's $390,000 median home with 20% down at current rates.
What first-time buyer programs are available in Vermont?
VHFA offers the MOVE Mortgage with up to $15,000 down payment assistance and the Advantage Mortgage with below-market interest rates for first-time buyers. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
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