The typical owner-occupied home in Middlebury is worth about $417,400, 32% above the Vermont median of $316,600 and 25% above the national median of $332,700. Owners pay a median $6,795 a year in property taxes, about 1.63% of their home's value, close to the Vermont rate of 1.59%. The median household earns $86,250 a year, so the median home costs 4.8 times the median income (3.9 times for Vermont). 57% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Middlebury at a glance
| Middlebury | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $417,400 | $316,600 | $332,700 |
| Median property tax paid per year | $6,795 | $5,039 | $3,119 |
| Property tax as a share of value | 1.63% | 1.59% | 0.94% |
| Median household income | $86,250 | $81,203 | $80,734 |
| Homes lived in by their owners | 57% | 73% | 65% |
| Owner homes with a mortgage | 54% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,122 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 21.7% | 21.0% |
| Median rent | $1,201 | $1,234 | $1,413 |
| Rent as a share of renters' income | 32.7% | 29.4% | 30.6% |
| Median year homes were built | 1977 | 1976 | 1980 |
| Vacant homes | 12.4% | 19.4% | 10.1% |
| Population | 7,220 | 647,106 | 334,922,499 |
What a typical home costs per month in Middlebury
At this week's average 30-year rate of 7.11%, buying the median Middlebury home of $417,400 with 20% down costs about $2,987 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,683, 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 $128,022 for the 20%-down payment. That payment is 42% of the median Middlebury household income of $86,250; at that income and 20% down, the 28% guideline points to a home of about $281,000.
The median rent here is $1,201 a month, so owning the median home costs about $1,786 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $83,480 |
|---|---|
| Loan amount | $333,920 |
| Principal and interest | $2,246 |
| Property taxes (1.63% a year) | $567 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| PMI | $0 |
| Total per month | $2,987 |
Change the numbers in the calculator
| Down payment | $14,609 |
|---|---|
| Loan amount | $409,840 |
| Principal and interest | $2,757 |
| Property taxes (1.63% a year) | $567 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| FHA mortgage insurance | $185 |
| Total per month | $3,683 |
Change the numbers in the calculator
Questions about home buying in Middlebury
What is the median home value in Middlebury?
About $417,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Middlebury?
Homeowners pay a median $6,795 a year, which is about 1.63% 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 Middlebury?
For the median home with 20% down at 7.11%, the payment is about $2,987 a month. Keeping that under 28% of gross income takes about $128,022 a year.
More about Middlebury
- Mortgage Refinance in Middlebury
- Debt Relief in Middlebury
- Home Equity Loans in Middlebury
- 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