Mortgage payment estimates, closing cost breakdowns, and homebuying data for Burlington, Vermont.
Median Home Price
$425K
Population
45K
Avg Monthly Rent
$1,750
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 Burlington.
Burlington vs Vermont Median
The median home price in Burlington is $425,000, which is 12% above the Vermont state median of $380,000.
Mortgage Calculator — Burlington, VT
Pre-filled with Burlington median home price and Vermont tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $425K home using Vermont's 1.9% tax rate and $1,100/yr insurance.
5% Down
$3,552/mo
Down: $21,250
Loan: $404K
P&I: $2,552
Tax: $673
Insurance: $92
PMI: $236
10% Down
$3,405/mo
Down: $42,500
Loan: $383K
P&I: $2,418
Tax: $673
Insurance: $92
PMI: $223
20% Down (No PMI)
$2,914/mo
Down: $85,000
Loan: $340K
P&I: $2,149
Tax: $673
Insurance: $92
Income needed (28% rule): $125K/year with 20% down, $146K/year with 10% down.
Rent vs Buy in Burlington
Rent
$1,750/mo
vs
Buy (10% down)
$3,405/mo
Price-to-rent ratio: 20.2 — At a ratio above 20, renting may be more economical in Burlington for shorter stays. Buying costs $1,655 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Burlington.