The typical owner-occupied home in Sheffield is worth about $122,700, 61% below the Vermont median of $316,600 and 63% below the national median of $332,700. Owners pay a median $1,714 a year in property taxes, about 1.40% of their home's value, lower than the Vermont rate of 1.59%. The median household earns $65,795 a year, so the median home costs 1.9 times the median income (3.9 times for Vermont). 85% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Sheffield at a glance
| Sheffield | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $122,700 | $316,600 | $332,700 |
| Median property tax paid per year | $1,714 | $5,039 | $3,119 |
| Property tax as a share of value | 1.40% | 1.59% | 0.94% |
| Median household income | $65,795 | $81,203 | $80,734 |
| Homes lived in by their owners | 85% | 73% | 65% |
| Owner homes with a mortgage | 47% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,232 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 25.0% | 21.7% | 21.0% |
| Median rent | $1,219 | $1,234 | $1,413 |
| Rent as a share of renters' income | 21.3% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 2.6% | 19.4% | 10.1% |
| Population | 190 | 647,106 | 334,922,499 |
What a typical home costs per month in Sheffield
At this week's average 30-year rate of 7.11%, buying the median Sheffield home of $122,700 with 20% down costs about $855 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,059, 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 $36,626 for the 20%-down payment. That payment is 16% of the median Sheffield household income of $65,795; at that income and 20% down, the 28% guideline points to a home of about $220,000.
The median rent here is $1,219 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,540 |
|---|---|
| Loan amount | $98,160 |
| Principal and interest | $660 |
| Property taxes (1.40% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $855 |
Change the numbers in the calculator
| Down payment | $4,294 |
|---|---|
| Loan amount | $120,478 |
| Principal and interest | $810 |
| Property taxes (1.40% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $1,059 |
Change the numbers in the calculator
Questions about home buying in Sheffield
What is the median home value in Sheffield?
About $122,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sheffield?
Homeowners pay a median $1,714 a year, which is about 1.40% 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 Sheffield?
For the median home with 20% down at 7.11%, the payment is about $855 a month. Keeping that under 28% of gross income takes about $36,626 a year.
More about Sheffield
- Mortgage Refinance in Sheffield
- Debt Relief in Sheffield
- Home Equity Loans in Sheffield
- 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