Total monthly cost of ownership
Cost to Own a Home in Middlebury, Vermont
A $388,000 home here costs
$3,335per 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 $143,000 a year.
A standard mortgage calculator would have told you $2,115. The real number is $1,220 higher every month, 58% more than the payment most buyers budget for.
Compare Addison County with anywhere in America · full county breakdown
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 $137 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
Talk to someone who works this market
These are Middlebury 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 Middlebury every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Middlebury I already own here and may sell
Common questions
How much does it cost to own a home in Middlebury?
A $388,000 home in Middlebury, Vermont costs approximately $3,335 per month with 20% down at 7.24%. That is $2,115 principal and interest, $582 property tax, $110 homeowners insurance, $205 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 $3,335 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 Middlebury?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Middlebury, Vermont at today's rate takes a household income of roughly $143,000 a year. That covers the full $3,335 monthly cost, not just the mortgage payment.
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.