Mortgage Affordability Calculator for Vermont (VT) — Free Calculator

Buying a Home in Vermont: What You Can Afford

The median home value in Vermont is $375,000. Vermont saw extraordinary demand during COVID as New York and Boston metro residents sought rural retreats. Chittenden County (Burlington) and ski resort towns (Stowe, Killington area) have seen prices up 40-50% since 2020.

Conforming Loan Limits in Vermont

The conforming loan limit in Vermont is $726,200. All Vermont counties are at the standard conforming limit. Loans above this threshold are considered jumbo loans and typically carry stricter qualification requirements and slightly higher rates.

Property Taxes to Budget For

Beyond your mortgage payment, budget for Vermont's property taxes: the effective rate is 1.78%, meaning a home at the median value generates about $4,329/year in taxes. This is a real cost that lenders include in your debt-to-income (DTI) calculation.

Closing Costs in Vermont

Buyers typically pay around $3,800 in closing costs in Vermont. Vermont charges a property transfer tax of 1.25% of purchase price for properties over $100,000 (0.5% for the first $100,000). Principal residence rates are discounted. Overall closing costs are moderate for the Northeast. Factor this into your upfront cash requirement alongside your down payment.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

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Frequently Asked Questions

What is the median home price in Vermont?

The median home value in Vermont is $375,000. Vermont saw extraordinary demand during COVID as New York and Boston metro residents sought rural retreats. Chittenden County (Burlington) and ski resort towns (Stowe, Killington area) have seen prices up 40-50% since 2020.

What is the conforming loan limit in Vermont?

The conforming loan limit in most of Vermont is $726,200. All Vermont counties are at the standard conforming limit.

How much are property taxes in Vermont?

Vermont's effective property tax rate is 1.78%, with an average annual bill of $4,329. Lenders include property taxes in your monthly PITI payment and DTI calculation.

How much do I need for a down payment in Vermont?

For a home at Vermont's median value of $375,000, a 20% conventional down payment is $75,000, and a 3.5% FHA down payment is $13,100. Budget an additional $3,800 for closing costs.