Vermont · VT

Vermont Mortgage Calculator

Pre-filled for Vermont: median home price $380,000, average property tax rate 1.83%. Adjust any slider to make it yours.

Vermont housing at a glance

Median home price: $380,000
Effective property tax rate: 1.83% / yr
Annual property tax (median home): $6,954
Est. monthly tax escrow: $580
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Vermont

The median home price in Vermont is around $380,000 and the effective property tax rate averages 1.83%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Vermont is $76,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Top counties in Vermont

Home prices vary significantly by county. The most populated counties in Vermont tend to command the highest medians:

Chittenden County (Burlington): $425,000
Washington County (Montpelier): $345,000
Windsor County: $325,000

Adjust the home-price slider above to match the county you're buying in.

Transfer tax & closing costs in Vermont

Vermont's Property Transfer Tax is paid by the buyer. Since August 2024 (Act 181) a primary residence is taxed 0.5% on the first $200,000 of price, then 1.47% on the balance (1.25% base plus the 0.22% Clean Water Surcharge). A non-primary or second home pays a flat 3.62%.

Beyond transfer taxes, total closing costs in Vermonttypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $7,600–$19,000.

Foreclosure & legal context

Foreclosure type: Judicial (court-supervised)
Security instrument: Mortgage
Deficiency liability: Recourse

Vermont is a strict judicial foreclosure state — every foreclosure must be filed in court, with a redemption period for the homeowner before sale.

Vermont mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Vermont?: At the current 30-year fixed rate of ~6.81%, a $380,000 home in Vermont with 20% down ($76,000) carries a principal-and-interest payment of ~$1,984/mo. Add property tax (~$580/mo at 1.83%) and homeowners insurance and your total is roughly $2,563/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Vermont?: The effective statewide property tax rate in Vermont averages 1.83% of assessed value per year. On a $380,000 home, that works out to roughly $6,954 per year ($580/mo). Individual county rates vary.
Does Vermont have a state income tax?: Yes, Vermont has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Vermont?: Vermont's Property Transfer Tax is paid by the buyer. Since August 2024 (Act 181) a primary residence is taxed 0.5% on the first $200,000 of price, then 1.47% on the balance (1.25% base plus the 0.22% Clean Water Surcharge). A non-primary or second home pays a flat 3.62%.
What type of foreclosure does Vermont use?: Vermont uses judicial foreclosure, meaning a lender must file a lawsuit and obtain a court judgment before selling a property. Vermont is a strict judicial foreclosure state — every foreclosure must be filed in court, with a redemption period for the homeowner before sale.

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