Estimate your monthly payment using Vermont's average home price of $370,000 and property tax rate of 1.83%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Vermont's housing market in 2026 has a median home price of approximately $370,000, placing it below the national median of around $420,000. Burlington is Vermont's largest city and most competitive housing market with low inventory pushing prices well above state averages. Whether you're buying your first home in Burlington or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Vermont average 1.83% of assessed value annually — a high property tax rate. On a $370,000 home, that translates to roughly $564 per month added to your mortgage payment. Burlington, Montpelier, and Rutland all fall under Vermont's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
Vermont Housing Finance Agency (VHFA) MOVE program offers low mortgage rates and down payment assistance grants. Beyond state programs, FHA loans remain popular in Vermont requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Vermont's Act 250 land use law restricts certain development helping preserve character but also limiting new housing supply. When shopping for a mortgage in Vermont, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $370,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Vermont home of $370,000 puts your estimated total monthly cost at approximately $2,648 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Vermont is approximately $370,000 as of 2026. Prices vary significantly by city and county — Burlington tends to be pricier while more rural areas offer lower prices.
Vermont has a high property tax rate at 1.83% of assessed value. On a $370,000 home that adds about $564 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
Vermont Housing Finance Agency (VHFA) MOVE program offers low mortgage rates and down payment assistance grants. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.