The typical home in Burlington, VT is worth about $480,000.
With 20% down that's a loan near $384,000 — the calculator
is pre-filled with that figure. Vermont's Act 250 land-use law and limited buildable land around Lake Champlain have kept new construction scarce, pushing Burlington's prices well above the rest of the state. The statewide education property tax applies here too, though an income-based adjustment softens the bill for many resident owners.
$2,493.17 / month
Total interest
$513,541
Total paid
$897,541
Payoff
30.0 years
How much you need to earn
Burlington, VT's median household income is about
$82,000 a year. Under standard 28/36
lending rules that supports a home price around
$259,519 with 20% down —
below the $480,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Burlington, VT is about $2,000 a month, so owning the median home costs roughly
$1,345 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Burlington, VT?
On the metro's roughly $480,000 typical home with 20% down, the loan is about $384,000. Principal and interest run near $2,493 a month at today's rate, and Burlington, VT's property tax plus insurance add about $852, for a full payment near $3,345.
Can I afford a home in Burlington, VT on the median income?
The median household income is about $82,000 a year. Under standard 28/36 lending rules that supports a home price around $259,519 with 20% down — below the $480,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Burlington, VT?
Typical asking rent is about $2,000 a month. The full owner payment on a median home is near $3,345, so owning costs roughly $1,345 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Burlington, VT?
The effective property tax rate in the core county is about 1.90% of market value — roughly $9,120 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Burlington, VT rising or falling?
Home values are up about 3% over the past year. Vermont's Act 250 land-use law and limited buildable land around Lake Champlain have kept new construction scarce, pushing Burlington's prices well above the rest of the state. The statewide education property tax applies here too, though an income-based adjustment softens the bill for many resident owners.