Mortgage payment estimates, closing cost breakdowns, and homebuying data for Rutland, Vermont.
Median Home Price
$235K
Population
16K
Avg Monthly Rent
$1,150
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 Rutland.
Rutland vs Vermont Median
The median home price in Rutland is $235,000, which is 38% below the Vermont state median of $380,000.
Mortgage Calculator — Rutland, VT
Pre-filled with Rutland median home price and Vermont tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $235K home using Vermont's 1.9% tax rate and $1,100/yr insurance.
5% Down
$2,005/mo
Down: $11,750
Loan: $223K
P&I: $1,411
Tax: $372
Insurance: $92
PMI: $130
10% Down
$1,924/mo
Down: $23,500
Loan: $212K
P&I: $1,337
Tax: $372
Insurance: $92
PMI: $123
20% Down (No PMI)
$1,652/mo
Down: $47,000
Loan: $188K
P&I: $1,188
Tax: $372
Insurance: $92
Income needed (28% rule): $71K/year with 20% down, $82K/year with 10% down.
Rent vs Buy in Rutland
Rent
$1,150/mo
vs
Buy (10% down)
$1,924/mo
Price-to-rent ratio: 17.0 — A ratio between 15-20 means the rent vs buy decision in Rutland depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Rutland is $235,000, 38% below the Vermont state median of $380,000. With a population of 16,495, Rutland 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 $235,000 home in Rutland would carry roughly $372/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 Rutland is $1,150/month. The price-to-rent ratio in Rutland is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Rutland offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Vermont's VHFA MOVE Mortgage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Rutland.