The typical owner-occupied home in Gilman is worth about $98,500, 69% below the Vermont median of $316,600 and 70% below the national median of $332,700. Owners pay a median $2,806 a year in property taxes, about 2.85% of their home's value, higher than the Vermont rate of 1.59%. The median household earns $57,788 a year, so the median home costs 1.7 times the median income (3.9 times for Vermont). 61% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Gilman at a glance
| Gilman | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $98,500 | $316,600 | $332,700 |
| Median property tax paid per year | $2,806 | $5,039 | $3,119 |
| Property tax as a share of value | 2.85% | 1.59% | 0.94% |
| Median household income | $57,788 | $81,203 | $80,734 |
| Homes lived in by their owners | 61% | 73% | 65% |
| Owner homes with a mortgage | 51% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,907 | $1,963 |
| Median rent | $1,279 | $1,234 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 50.0% | 19.4% | 10.1% |
| Population | 165 | 647,106 | 334,922,499 |
What a typical home costs per month in Gilman
At this week's average 30-year rate of 7.11%, buying the median Gilman home of $98,500 with 20% down costs about $805 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $969, 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 $34,503 for the 20%-down payment. That payment is 17% of the median Gilman household income of $57,788; at that income and 20% down, the 28% guideline points to a home of about $165,000.
The median rent here is $1,279 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,700 |
|---|---|
| Loan amount | $78,800 |
| Principal and interest | $530 |
| Property taxes (2.85% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $805 |
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| Down payment | $3,448 |
|---|---|
| Loan amount | $96,716 |
| Principal and interest | $651 |
| Property taxes (2.85% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $969 |
Change the numbers in the calculator
Questions about home buying in Gilman
What is the median home value in Gilman?
About $98,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gilman?
Homeowners pay a median $2,806 a year, which is about 2.85% 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 Gilman?
For the median home with 20% down at 7.11%, the payment is about $805 a month. Keeping that under 28% of gross income takes about $34,503 a year.
More about Gilman
- Mortgage Refinance in Gilman
- Debt Relief in Gilman
- Home Equity Loans in Gilman
- 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