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Vermont home affordability calculator

The median Vermont household earns about $79,000 a year, and the median home costs about $390,000 — 4.9 times income. With 10% down, no other debts, and the current 7.32% average 30-year rate (Freddie Mac, week of October 22, 2026), standard lending ratios support a home of about $209,760 , roughly $180,240 short of the median. The calculator is pre-filled with those figures — replace them with yours.

$209,760 max home price

Max loan amount
$170,760
Housing payment budget
$1,848
P&I budget
$1,173
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

How it works

Lenders cap the full housing payment — principal, interest, property tax, insurance — near 28% of gross monthly income, and all debt payments near 36%. In Vermont, property tax at about 1.83% of value plus roughly $1,000 a year of homeowners insurance come to about $678 a month on the median home, and that comes out of the 28% budget before anything goes to the loan. On the median income the housing budget is about $1,848 a month, leaving $1,173 for principal and interest.

Homes in Vermont spend about 35 days on the market on average. Vermont funds education through a statewide property tax, giving it one of the highest effective rates in the country, though an income-based adjustment lowers the bill for many resident owners. Insurance is cheap.

Frequently asked questions

How much house can I afford in Vermont on the median income?
On Vermont's median household income of about $79,000, with no other debts, 10% down, and a 7.32% 30-year rate, the 28% housing guideline supports a home of roughly $209,760. That's about $180,240 below the $390,000 median home price.
What income do I need to buy a median-priced home in Vermont?
Vermont's median home costs about $390,000 — 4.9 times the median household income. Lenders' 28% front-end rule means the full payment, including about $678 a month in property tax and insurance, needs to fit inside 28% of gross monthly income. Try the calculator with your own income and down payment.
How much do property tax and insurance add in Vermont?
On the median home, Vermont's 1.83% effective property tax rate and about $1,000 a year in homeowners insurance come to roughly $678 a month — money that comes out of the housing budget before any goes to principal and interest.
Does Vermont's income tax affect how much house I can afford?
Not in the lender's math, which uses gross income. It does affect what's comfortable: Vermont's income tax tops out at 8.75%, so take-home pay is smaller than gross by more than federal tax alone.

Learn more: How much house can I afford?

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