Mortgage payment estimates, closing cost breakdowns, and homebuying data for Middlebury, Vermont.
Median Home Price
$385K
Population
9K
Avg Monthly Rent
$1,520
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 Middlebury.
Middlebury vs Vermont Median
The median home price in Middlebury is $385,000, which is roughly in line with the Vermont state median of $380,000.
Mortgage Calculator — Middlebury, VT
Pre-filled with Middlebury median home price and Vermont tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $385K home using Vermont's 1.9% tax rate and $1,100/yr insurance.
5% Down
$3,226/mo
Down: $19,250
Loan: $366K
P&I: $2,312
Tax: $610
Insurance: $92
PMI: $213
10% Down
$3,093/mo
Down: $38,500
Loan: $347K
P&I: $2,190
Tax: $610
Insurance: $92
PMI: $202
20% Down (No PMI)
$2,648/mo
Down: $77,000
Loan: $308K
P&I: $1,947
Tax: $610
Insurance: $92
Income needed (28% rule): $113K/year with 20% down, $133K/year with 10% down.
Rent vs Buy in Middlebury
Rent
$1,520/mo
vs
Buy (10% down)
$3,093/mo
Price-to-rent ratio: 21.1 — At a ratio above 20, renting may be more economical in Middlebury for shorter stays. Buying costs $1,573 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 Middlebury is $385,000, roughly in line with the Vermont state median of $380,000. With a population of 9,152, Middlebury 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 $385,000 home in Middlebury would carry roughly $610/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 Middlebury is $1,520/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.
Middlebury presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Middlebury.