Mortgage for Vermont (2026)
Vermont (VT) Key Facts
Median Home Price
$380,000
Average Property Tax Rate
1.9%
Average Home Insurance Rate
0.55%
Estimated Monthly Payment
$2,994
First Time Buyer Programs
2
How This Calculator Works in Vermont
This mortgage calculator lets you estimate your monthly payment on a Vermont home by factoring in the purchase price, down payment, interest rate, property taxes, and insurance. It is pre-loaded with Vermont's average property tax rate and insurance costs so you can get a realistic estimate quickly. Adjust the inputs to match your specific situation and see how different scenarios affect your monthly budget.
Vermont Overview
Vermont has a median home price of approximately $340K, with an average property tax rate of 1.9% and homeowners insurance averaging 0.55% annually. Property transfer tax of 1.45% (0.5% for first $100K primary residence). VHFA MOVE Mortgage and other state programs can help first-time buyers with down payment assistance and competitive mortgage rates, and an attorney is required at closing for legal oversight.
How Vermont Compares
Compared to neighboring states, Vermont's median home price of $380,000 is below the national median of about $420,000. Nearby New Hampshire has a median price of $450,000 with a 2.18% property tax rate. Property tax rates vary significantly among neighboring states, which can substantially impact long-term homeownership costs.
| State | Top Rate | Notes |
|---|---|---|
| New Hampshire | $450,000 | Median home price is $450,000 with a 2.18% property tax rate. Estimated monthly mortgage payment is about $3,651. |
| New York | $420,000 | Median home price is $420,000 with a 1.72% property tax rate. Estimated monthly mortgage payment is about $3,246. |
| Massachusetts | $570,000 | Median home price is $570,000 with a 1.23% property tax rate. Estimated monthly mortgage payment is about $4,173. |
The median home price in Vermont is $380,000, compared to the national median of approximately $420,000. With a 1.9% average property tax rate and 0.55% insurance rate, Vermont homeowners can expect an estimated monthly payment of about $2,994 on a median-priced home with 10% down at 6.75% interest.
Tips for Vermont Residents
- 1Vermont has a median home price around $340K. Property transfer tax of 1.45% (0.5% for first $100K primary residence). Research local market conditions as prices vary significantly by city and neighborhood.
- 2Property taxes in Vermont average 1.9%. Always verify your specific county's tax rate, as it directly impacts your monthly payment.
- 3Explore VHFA MOVE Mortgage for potential down payment assistance and favorable rates. Vermont also offers VHFA Assist Second Mortgage. Check income limits and eligibility early in your home search.
- 4Attorney required at closing; energy costs should factor into affordability. Vermont requires an attorney at closing, which adds cost but provides legal protection during the transaction.
- 5Tight inventory in rural areas. A 0.25% rate difference on a $380K home can save thousands over the life of your loan, so shop at least 3-4 lenders before committing.
Frequently Asked Questions
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