The typical owner-occupied home in Chelsea is worth about $232,600, 27% below the Vermont median of $316,600 and 30% below the national median of $332,700. Owners pay a median $3,213 a year in property taxes, about 1.38% of their home's value, lower than the Vermont rate of 1.59%. The median household earns $43,750 a year, so the median home costs 5.3 times the median income (3.9 times for Vermont). 67% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Chelsea at a glance
| Chelsea | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $232,600 | $316,600 | $332,700 |
| Median property tax paid per year | $3,213 | $5,039 | $3,119 |
| Property tax as a share of value | 1.38% | 1.59% | 0.94% |
| Median household income | $43,750 | $81,203 | $80,734 |
| Homes lived in by their owners | 67% | 73% | 65% |
| Owner homes with a mortgage | 21% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,797 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 21.7% | 21.0% |
| Median rent | $1,917 | $1,234 | $1,413 |
| Rent as a share of renters' income | 33.0% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 19.6% | 19.4% | 10.1% |
| Population | 416 | 647,106 | 334,922,499 |
What a typical home costs per month in Chelsea
At this week's average 30-year rate of 7.11%, buying the median Chelsea home of $232,600 with 20% down costs about $1,616 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,004, 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 $69,265 for the 20%-down payment. That payment is 44% of the median Chelsea household income of $43,750; at that income and 20% down, the 28% guideline points to a home of about $147,000.
The median rent here is $1,917 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $46,520 |
|---|---|
| Loan amount | $186,080 |
| Principal and interest | $1,252 |
| Property taxes (1.38% a year) | $267 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,616 |
Change the numbers in the calculator
| Down payment | $8,141 |
|---|---|
| Loan amount | $228,387 |
| Principal and interest | $1,536 |
| Property taxes (1.38% a year) | $267 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $2,004 |
Change the numbers in the calculator
Questions about home buying in Chelsea
What is the median home value in Chelsea?
About $232,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chelsea?
Homeowners pay a median $3,213 a year, which is about 1.38% 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 Chelsea?
For the median home with 20% down at 7.11%, the payment is about $1,616 a month. Keeping that under 28% of gross income takes about $69,265 a year.
More about Chelsea
- Mortgage Refinance in Chelsea
- Debt Relief in Chelsea
- Home Equity Loans in Chelsea
- 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