Mortgage payment estimates, closing cost breakdowns, and homebuying data for Morrisville, Vermont.
Median Home Price
$295K
Population
5K
Avg Monthly Rent
$1,220
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 Morrisville.
Morrisville vs Vermont Median
The median home price in Morrisville is $295,000, which is 22% below the Vermont state median of $380,000.
Mortgage Calculator — Morrisville, VT
Pre-filled with Morrisville median home price and Vermont tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $295K home using Vermont's 1.9% tax rate and $1,100/yr insurance.
5% Down
$2,494/mo
Down: $14,750
Loan: $280K
P&I: $1,771
Tax: $467
Insurance: $92
PMI: $163
10% Down
$2,392/mo
Down: $29,500
Loan: $266K
P&I: $1,678
Tax: $467
Insurance: $92
PMI: $155
20% Down (No PMI)
$2,050/mo
Down: $59,000
Loan: $236K
P&I: $1,492
Tax: $467
Insurance: $92
Income needed (28% rule): $88K/year with 20% down, $103K/year with 10% down.
Rent vs Buy in Morrisville
Rent
$1,220/mo
vs
Buy (10% down)
$2,392/mo
Price-to-rent ratio: 20.2 — At a ratio above 20, renting may be more economical in Morrisville for shorter stays. Buying costs $1,172 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 Morrisville is $295,000, 22% below the Vermont state median of $380,000. With a population of 5,227, Morrisville 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 $295,000 home in Morrisville would carry roughly $467/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 Morrisville is $1,220/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.
Morrisville presents moderate affordability. The $295K 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 Morrisville.