Mortgage Calculator & Closing Costs: South Burlington, VT
Mortgage payment estimates, closing cost breakdowns, and homebuying data for South Burlington, Vermont.
Median Home Price
$465K
Population
20K
Avg Monthly Rent
$1,850
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 South Burlington.
South Burlington vs Vermont Median
The median home price in South Burlington is $465,000, which is 22% above the Vermont state median of $380,000.
Mortgage Calculator — South Burlington, VT
Pre-filled with South Burlington median home price and Vermont tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $465K home using Vermont's 1.9% tax rate and $1,100/yr insurance.
5% Down
$3,878/mo
Down: $23,250
Loan: $442K
P&I: $2,792
Tax: $736
Insurance: $92
PMI: $258
10% Down
$3,717/mo
Down: $46,500
Loan: $419K
P&I: $2,645
Tax: $736
Insurance: $92
PMI: $244
20% Down (No PMI)
$3,179/mo
Down: $93,000
Loan: $372K
P&I: $2,351
Tax: $736
Insurance: $92
Income needed (28% rule): $136K/year with 20% down, $159K/year with 10% down.
Rent vs Buy in South Burlington
Rent
$1,850/mo
vs
Buy (10% down)
$3,717/mo
Price-to-rent ratio: 20.9 — At a ratio above 20, renting may be more economical in South Burlington for shorter stays. Buying costs $1,867 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 South Burlington is $465,000, 22% above the Vermont state median of $380,000. With a population of 20,292, South 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 $465,000 home in South Burlington would carry roughly $736/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 South Burlington is $1,850/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.
South Burlington is a higher-cost market. At $465K 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 South Burlington.