Total monthly cost of ownership
Cost to Own a Home in Fair Haven, Vermont
A $163,000 home here costs
$1,598per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $760 higher every month — 91% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fair Haven against Rutland County and Vermont
| Measure | Fair Haven | Rutland County |
|---|---|---|
| Median home value | $163,000 | $218,400 |
| Median property tax | $3,433 | $4,057 |
| Effective tax rate | 2.106% | 1.858% |
| Median gross rent | $818 | $965 |
| Population | 2,435 | 60,484 |
The weather behind that power bill
Fair Haven 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 $224 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
Common questions
How much does it cost to own a home in Fair Haven?
A $163,000 home in Fair Haven, Vermont costs approximately $1,598 per month with 20% down at 6.66%. That is $838 principal and interest, $286 property tax, $46 homeowners insurance, $292 utilities and $136 set aside for maintenance.
What is the property tax rate in Fair Haven?
Fair Haven has an effective property tax rate of 2.106%, based on a median home value of $163,000 and median real estate taxes of $3,433. That is higher than the Rutland County average of 1.858%.
What is the average home price in Fair Haven?
The median owner-occupied home value in Fair Haven, Vermont is $163,000, against $218,400 across Rutland County.
Is it cheaper to rent or buy in Fair Haven?
Median gross rent in Fair Haven is $818 a month, against $1,598 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fair Haven — 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.