Total monthly cost of ownership
Cost to Own a Home in Manchester Center, Vermont
A $330,000 home here costs
$2,761per 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 $118,500 a year.
A standard mortgage calculator would have told you $1,799. The real number is $962 higher every month, 53% more than the payment most buyers budget for.
Compare Bennington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Manchester Center from a five-year rolling sample, and with about 1,935 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 Bennington 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.
Manchester Center against Bennington County and Vermont
| Measure | Manchester Center | Bennington County |
|---|---|---|
| Median home value | $330,300 | $257,400 |
| Median property tax | $4,664 | $4,396 |
| Effective tax rate | 1.412% | 1.708% |
| Median gross rent | $875 | $1,063 |
| Population | 1,935 | 37,312 |
The weather behind that power bill
Manchester Center sits in Bennington County, which averages a high of 80.9°F in its hottest month and a low of 11.2°F in its coldest, with 46.86" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 321 cooling and 7,351 heating degree days, which is what sets the $137 electricity line above.
See the full climate breakdown for Bennington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bennington County
Full Bennington County cost breakdown · Every county in Vermont
Talk to someone who works this market
These are Manchester Center 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 Manchester Center every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Manchester Center I already own here and may sell
Common questions
How much does it cost to own a home in Manchester Center?
A $330,000 home in Manchester Center, Vermont costs approximately $2,761 per month with 20% down at 7.24%. That is $1,799 principal and interest, $388 property tax, $94 homeowners insurance, $205 utilities and $275 set aside for maintenance.
What is the property tax rate in Manchester Center?
Manchester Center has an effective property tax rate of 1.412%, based on a median home value of $330,300 and median real estate taxes of $4,664. That is lower than the Bennington County average of 1.708%.
What is the average home price in Manchester Center?
The median owner-occupied home value in Manchester Center, Vermont is $330,300, against $257,400 across Bennington County.
Is it cheaper to rent or buy in Manchester Center?
Median gross rent in Manchester Center is $875 a month, against $2,761 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Manchester Center?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Manchester Center, Vermont at today's rate takes a household income of roughly $118,500 a year. That covers the full $2,761 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Manchester Center, 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.