Mortgage payment estimates, closing cost breakdowns, and homebuying data for Montpelier, Vermont.
Pre-filled with Montpelier median home price and Vermont tax/insurance rates. Adjust for your property.
Estimated closing costs based on Vermont rates and fees applied to Montpelier prices.
The median home price in Montpelier is $345,000, 9% below the Vermont state median of $380,000. With a population of 8,074, Montpelier 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 $345,000 home in Montpelier would carry roughly $546/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 Montpelier is $1,450/month. The price-to-rent ratio in Montpelier is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Montpelier presents moderate affordability. The $345K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.