Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bennington, Vermont.
Median Home Price
$245K
Population
15K
Avg Monthly Rent
$1,180
Property Tax Rate
1.9% *
* Property tax shown is the Vermont state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Bennington.
Bennington vs Vermont Median
The median home price in Bennington is $245,000, which is 36% below the Vermont state median of $380,000.
Mortgage Calculator — Bennington, VT
Pre-filled with Bennington median home price and Vermont tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $245K home using Vermont's 1.9% tax rate and $1,100/yr insurance.
5% Down
$2,086/mo
Down: $12,250
Loan: $233K
P&I: $1,471
Tax: $388
Insurance: $92
PMI: $136
10% Down
$2,002/mo
Down: $24,500
Loan: $221K
P&I: $1,394
Tax: $388
Insurance: $92
PMI: $129
20% Down (No PMI)
$1,718/mo
Down: $49,000
Loan: $196K
P&I: $1,239
Tax: $388
Insurance: $92
Income needed (28% rule): $74K/year with 20% down, $86K/year with 10% down.
Rent vs Buy in Bennington
Rent
$1,180/mo
vs
Buy (10% down)
$2,002/mo
Price-to-rent ratio: 17.3 — A ratio between 15-20 means the rent vs buy decision in Bennington depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Bennington is $245,000, 36% below the Vermont state median of $380,000. With a population of 15,333, Bennington is a smaller market where home prices tend to be more accessible than in many parts of Vermont.
Property taxes in Vermont average 1.9% annually. This higher-than-average tax rate means a $245,000 home in Bennington would carry roughly $388/month in property taxes alone — plan accordingly. Homeowners insurance in Vermont runs approximately $1,100 per year. This is within the normal range nationally.
Average rent in Bennington is $1,180/month. The price-to-rent ratio in Bennington is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Bennington offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Vermont's VHFA MOVE Mortgage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Bennington.