The typical owner-occupied home in Lowell is worth about $187,500, 41% below the Vermont median of $316,600 and 44% below the national median of $332,700. Owners pay a median $2,630 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 $74,583 a year, so the median home costs 2.5 times the median income (3.9 times for Vermont). 96% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Lowell at a glance
| Lowell | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $187,500 | $316,600 | $332,700 |
| Median property tax paid per year | $2,630 | $5,039 | $3,119 |
| Property tax as a share of value | 1.40% | 1.59% | 0.94% |
| Median household income | $74,583 | $81,203 | $80,734 |
| Homes lived in by their owners | 96% | 73% | 65% |
| Owner homes with a mortgage | 33% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,559 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 25.6% | 21.7% | 21.0% |
| Median rent | – | $1,234 | $1,413 |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 18.8% | 19.4% | 10.1% |
| Population | 232 | 647,106 | 334,922,499 |
What a typical home costs per month in Lowell
At this week's average 30-year rate of 7.11%, buying the median Lowell home of $187,500 with 20% down costs about $1,306 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,618, 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 $55,969 for the 20%-down payment. That payment is 21% of the median Lowell household income of $74,583; at that income and 20% down, the 28% guideline points to a home of about $250,000.
| Down payment | $37,500 |
|---|---|
| Loan amount | $150,000 |
| Principal and interest | $1,009 |
| Property taxes (1.40% a year) | $219 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,306 |
Change the numbers in the calculator
| Down payment | $6,562 |
|---|---|
| Loan amount | $184,104 |
| Principal and interest | $1,238 |
| Property taxes (1.40% a year) | $219 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $83 |
| Total per month | $1,618 |
Change the numbers in the calculator
Questions about home buying in Lowell
What is the median home value in Lowell?
About $187,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lowell?
Homeowners pay a median $2,630 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 Lowell?
For the median home with 20% down at 7.11%, the payment is about $1,306 a month. Keeping that under 28% of gross income takes about $55,969 a year.
More about Lowell
- Mortgage Refinance in Lowell
- Debt Relief in Lowell
- Home Equity Loans in Lowell
- 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