The typical owner-occupied home in Vermont is worth about $316,600, 5% below the national median of $332,700. Owners pay a median $5,039 a year in property taxes, about 1.59% of their home's value, higher than the national rate of 0.94%. The median household earns $81,203 a year, so the median home costs 3.9 times the median income (4.1 times for the U.S.). 73% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Vermont at a glance
| Vermont | U.S. | |
|---|---|---|
| Median home value | $316,600 | $332,700 |
| Median property tax paid per year | $5,039 | $3,119 |
| Property tax as a share of value | 1.59% | 0.94% |
| Median household income | $81,203 | $80,734 |
| Homes lived in by their owners | 73% | 65% |
| Owner homes with a mortgage | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 21.0% |
| Median rent | $1,234 | $1,413 |
| Rent as a share of renters' income | 29.4% | 30.6% |
| Median year homes were built | 1976 | 1980 |
| Vacant homes | 19.4% | 10.1% |
| Population | 647,106 | 334,922,499 |
What a typical home costs per month in Vermont
At this week's average 30-year rate of 7.11%, buying the median Vermont home of $316,600 with 20% down costs about $2,255 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,783, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $96,653 for the 20%-down payment. That payment is 33% of the median Vermont household income of $81,203; at that income and 20% down, the 28% guideline points to a home of about $266,000.
The median rent here is $1,234 a month, so owning the median home costs about $1,021 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,320 |
|---|---|
| Loan amount | $253,280 |
| Principal and interest | $1,704 |
| Property taxes (1.59% a year) | $420 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $2,255 |
Change the numbers in the calculator
| Down payment | $11,081 |
|---|---|
| Loan amount | $310,866 |
| Principal and interest | $2,091 |
| Property taxes (1.59% a year) | $420 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $140 |
| Total per month | $2,783 |
Change the numbers in the calculator
Questions about home buying in Vermont
What is the median home value in Vermont?
About $316,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vermont?
Homeowners pay a median $5,039 a year, which is about 1.59% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Vermont?
For the median home with 20% down at 7.11%, the payment is about $2,255 a month. Keeping that under 28% of gross income takes about $96,653 a year.
More about Vermont
- Mortgage Refinance in Vermont
- Debt Relief in Vermont
- Home Equity Loans in Vermont
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data