Mortgage payment estimates, closing cost breakdowns, and homebuying data for Burlington, Vermont.
Pre-filled with Burlington median home price and Vermont tax/insurance rates. Adjust for your property.
Estimated closing costs based on Vermont rates and fees applied to Burlington prices.
The median home price in Burlington is $425,000, 12% above the Vermont state median of $380,000. With a population of 44,743, Burlington is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Vermont average 1.9% annually. This higher-than-average tax rate means a $425,000 home in Burlington would carry roughly $673/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 Burlington is $1,750/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Burlington is a higher-cost market. At $425K median, buyers need significant savings or strong income. Down payment assistance through Vermont's VHFA MOVE Mortgage program becomes especially important.