Total monthly cost of ownership
Cost to Own a Home in Middlebury, Vermont
A $388,000 home here costs
$3,302per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,995. The real number is $1,307 higher every month — 66% 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.
Middlebury against Addison County and Vermont
| Measure | Middlebury | Addison County |
|---|---|---|
| Median home value | $388,100 | $333,700 |
| Median property tax | $6,987 | $5,649 |
| Effective tax rate | 1.800% | 1.693% |
| Median gross rent | $1,287 | $1,201 |
| Population | 7,145 | 37,497 |
The weather behind that power bill
Middlebury sits in Addison County, which averages a high of 80.4°F in its hottest month and a low of 9.2°F in its coldest, with 38.67" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 446 cooling and 7,705 heating degree days, which is what sets the $224 electricity line above.
See the full climate breakdown for Addison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Addison County
Full Addison County cost breakdown · Every county in Vermont
Common questions
How much does it cost to own a home in Middlebury?
A $388,000 home in Middlebury, Vermont costs approximately $3,302 per month with 20% down at 6.66%. That is $1,995 principal and interest, $582 property tax, $110 homeowners insurance, $292 utilities and $323 set aside for maintenance.
What is the property tax rate in Middlebury?
Middlebury has an effective property tax rate of 1.800%, based on a median home value of $388,100 and median real estate taxes of $6,987. That is higher than the Addison County average of 1.693%.
What is the average home price in Middlebury?
The median owner-occupied home value in Middlebury, Vermont is $388,100, against $333,700 across Addison County.
Is it cheaper to rent or buy in Middlebury?
Median gross rent in Middlebury is $1,287 a month, against $3,302 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 Middlebury — 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.