What are average mortgage rates in Vermont in 2026?

Mortgage rates in Vermont generally track national averages. As of 2026, expect 30-year fixed rates from 5.5% to 7.5% for good credit borrowers. Use CalcDeck's Vermont mortgage calculator to model your payment at current rates.

How much are closing costs in Vermont?

Closing costs in Vermont typically range from 2% to 5% of purchase price, including lender fees, title insurance, and prepaid items. Use CalcDeck's Vermont mortgage calculator to include closing costs in your calculation.

What are property tax rates in Vermont?

Property tax rates in Vermont range from 0.3% to 2.5% of assessed value. CalcDeck's Vermont calculator includes property tax in your PITI payment.

What first-time homebuyer programs exist in Vermont?

Vermont offers down payment assistance, favorable-rate mortgages, and tax credits through state agencies. Use CalcDeck's Vermont calculator to see how programs affect your payment.

How do I use the CalcDeck Vermont mortgage calculator?

Enter home price, down payment, interest rate, and loan term. Adjust property tax and insurance to match Vermont averages. Get instant monthly payment, total interest, and amortization schedule.

Vermont Mortgage Calculator

Median home prices, property taxes, and monthly payment estimates for Vermont homeowners.

Vermont at a Glance

Median Home Price: $355,000
Property Tax Rate: 1.78%
Median Household Income: $71,226
Annual Property Tax: $6,319

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in Vermont

Based on the Vermont median home price of $355,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$284,000	$337,250
Principal and Interest	$1,833	$2,176
Property Tax (VT)	$527	$527
Homeowners Insurance	$125	$125
PMI	$0	$141
Total Monthly	$2,484	$2,968

How Much House Can You Afford in Vermont?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$106,465/year to afford Vermont's median home
With 5% down, you need ~$127,213/year
Vermont's median household income is $71,226

Vermont insight: Vermont has a high property tax rate of 1.78% — among the highest in the US.

Vermont Housing Market Overview

Vermont's housing market is experiencing unprecedented demand as remote workers and retirees flock to rural New England. The statewide median of $355,000 reflects Burlington at $485,000, Montpelier $365,000, and Rutland $240,000. Inventory is critically low at 1.6 months. The median household income of $71,226 yields a price-to-income ratio of 5.0. The effective property tax rate of 1.78% is very high, costing $6,319/year on a median home. Vermont's short building season and restrictive zoning limit new construction. Many locals are being priced out, and seasonal homes (ski properties, lake houses) compete with year-round residents.

First-Time Homebuyer Programs in Vermont

The Vermont Housing Finance Agency (VHFA) offers the MOVE program, providing 30-year fixed-rate mortgages with down payment assistance up to $15,000 as a 0% deferred loan for first-time buyers. The ASSIST program offers up to $5,000 in grants for eligible buyers. VHFA also administers the Mortgage Credit Certificate (MCC) program, providing a 20% federal tax credit on mortgage interest. The Vermont Housing Conservation Board provides grants for affordable homes in rural communities. Local programs include Burlington's Inclusionary Zoning program (below-market units) and Brattleboro's Affordable Housing Trust ($10,000 grants). Income limits: Chittenden County caps at $90,000 for a two-person household; rural counties cap at $72,000.

Tips for Homebuyers in Vermont

1) Vermont's 1.78% property tax means ~$527/month on a median home—very high for the income level. 2) Heating costs ($3,000–$5,000/year for oil/propane/wood) are a major budget item; verify insulation and heating system age. 3) The Burlington market is hyper-competitive; homes under $450,000 get multiple offers. 4) Buy in late fall/winter for less competition, but inventory drops 50% and snow complicates showings. 5) Radon is widespread in Vermont; always test and budget $1,000–$1,800 for mitigation. 6) Many Vermont homes rely on private wells; test for bacteria, arsenic, and uranium, which are common in the Green Mountains.

Try the Mortgage Calculator with Your Numbers

Vermont Mortgage FAQ

What is the median home price in Vermont?

The median home price in Vermont is approximately $355,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in Vermont?

The effective property tax rate in Vermont is approximately 1.78% (Tax Foundation). On a $355,000 home, that is about $6,319/year in property taxes.

How much income do I need to buy a home in Vermont?

Using the 28/36 rule with 20% down at 6.7%, you would need about $106,465/year to afford the median Vermont home at $355,000. With 5% down (including PMI), about $127,213.

What will my monthly mortgage payment be in Vermont?

On Vermont's median home price of $355,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $2,484. With 5% down including PMI, about $2,968.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.