How Much House Can You Afford in Vermont?

Vermont property tax rate: 1.80%. Calculate your maximum affordable home price with Vermont-specific rates.

You can afford a home up to

$246,682

That's a 2-bedroom home

Based on your $75,000 income with 20% down

$247K

Your $246,682 budget buys

New York CityNothing yetPortland1-bedroom condoAustin1-bedroom condoNashville1-bedroom condoPhoenix2-bedroom condo/townhomeRaleigh2-bedroom apartment/condoCharlotte2-bedroom condo/townhomeTampa2-bedroom condo/townhomeMinneapolis2-bedroom condo/townhomeChicago1-bedroom condoSan FranciscoNothing yetLos AngelesNothing yetSeattleNothing yetMiamiNothing yetDenverNothing yetSalt Lake CityNothing yet
28%Recommended
$
%
%

Monthly payment breakdown

$1,750/mo

P&I$1,280
Tax$370
Insurance$100
Calculate your mortgage payment on $246,682Should you rent or buy at this price?

Home price

$246,682

Down payment

$49,336

Loan amount

$197,345

No PMI

Waived (20%+ down)

This is an estimate using Vermont's average property tax rate of 1.80%. Actual rates vary by county. Consult a local lender for a pre-approval.

How it works

This calculator uses the 28/36 rule — a widely used guideline for mortgage affordability. Your total housing costs (mortgage, taxes, insurance, PMI, HOA) should not exceed your chosen DTI ratio of gross monthly income.

The calculator works backwards from your income to find the maximum home price that keeps monthly costs within your DTI limit. It uses the standard amortization formula and Vermont's average property tax rate of 1.80%.

Vermont housing quick facts

Average property tax rate 1.80%
Monthly property tax on $400K home $600
Affordable home at $100K income (28% DTI) $333,892
Monthly payment at $100K income $2,333/mo

FAQ

How much house can I afford in Vermont?

On a $100,000 income with 20% down at 6.75% interest and Vermont's 1.80% property tax rate, you can afford approximately $333,892 using the recommended 28% DTI ratio. Your monthly payment would be about $2,333.

What is the property tax rate in Vermont?

The average effective property tax rate in Vermont is 1.80%. On a $400,000 home, that's approximately $600/month in property taxes. Actual rates vary by county and municipality.

Is Vermont expensive for homebuyers?

Vermont has above-average property taxes at 1.80%, which reduces how much house you can afford. On a $100,000 income, you can afford about $333,892 — less than states with lower property taxes.

What is the 28/36 rule?

The 28/36 rule says your total housing costs should not exceed 28% of gross monthly income (front-end DTI), and total debt payments should not exceed 36% (back-end DTI). This calculator lets you adjust the DTI ratio from 20% to 40% to find your comfort level.

What is included in the monthly payment for a Vermont home?

The monthly payment combines four components — principal, interest, taxes, and insurance — known as PITI. For Vermont, that means principal and interest on the mortgage, 1.80% property tax (about $600/month on a $400,000 home), homeowners insurance, and PMI if you put less than 20% down. HOA fees can be added if your property has them.

How much should I save for a down payment in Vermont?

A 20% conventional down payment avoids private mortgage insurance (PMI) — for the example $100,000 income affording about $333,892 in Vermont, that's roughly $66,778. FHA loans allow as little as 3.5% down for qualified buyers but require ongoing mortgage insurance. VA loans and some first-time-buyer programs may allow 0% down.

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