Total monthly cost of ownership
Cost to Own a Home in Castleton, Vermont
A $277,000 home here costs
$2,453per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $105,000 a year.
A standard mortgage calculator would have told you $1,510. The real number is $943 higher every month, 62% more than the payment most buyers budget for.
Compare Rutland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Castleton from a five-year rolling sample, and with about 1,058 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Rutland County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Castleton against Rutland County and Vermont
| Measure | Castleton | Rutland County |
|---|---|---|
| Median home value | $276,800 | $218,400 |
| Median property tax | — | $4,057 |
| Effective tax rate | 1.858% | 1.858% |
| Median gross rent | — | $965 |
| Population | 1,058 | 60,484 |
The weather behind that power bill
Castleton sits in Rutland County, which averages a high of 80.3°F in its hottest month and a low of 8.0°F in its coldest, with 40.29" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 311 cooling and 7,807 heating degree days, which is what sets the $137 electricity line above.
See the full climate breakdown for Rutland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rutland County
Full Rutland County cost breakdown · Every county in Vermont
Talk to someone who works this market
These are Castleton averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Castleton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Castleton I already own here and may sell
Common questions
How much does it cost to own a home in Castleton?
A $277,000 home in Castleton, Vermont costs approximately $2,453 per month with 20% down at 7.24%. That is $1,510 principal and interest, $429 property tax, $78 homeowners insurance, $205 utilities and $231 set aside for maintenance.
What is the property tax rate in Castleton?
Place-level tax data is not published for Castleton, so the Rutland County rate of 1.858% applies here.
What is the average home price in Castleton?
The median owner-occupied home value in Castleton, Vermont is $276,800, against $218,400 across Rutland County.
Is it cheaper to rent or buy in Castleton?
Rent data is not published for Castleton at this level of detail.
What salary do you need to buy a home in Castleton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Castleton, Vermont at today's rate takes a household income of roughly $105,000 a year. That covers the full $2,453 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Castleton, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Vermont.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.