Total monthly cost of ownership
Cost to Own a Home in Milton, Vermont
A $309,000 home here costs
$2,583per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,589. The real number is $994 higher every month — 63% 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.
Milton against Chittenden County and Vermont
| Measure | Milton | Chittenden County |
|---|---|---|
| Median home value | $309,000 | $404,500 |
| Median property tax | $4,292 | $6,527 |
| Effective tax rate | 1.389% | 1.614% |
| Median gross rent | $1,643 | $1,590 |
| Population | 3,510 | 168,831 |
The weather behind that power bill
Milton sits in Chittenden County, which averages a high of 82.4°F in its hottest month and a low of 12.9°F in its coldest, with 37.53" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 656 cooling and 6,960 heating degree days, which is what sets the $224 electricity line above.
See the full climate breakdown for Chittenden County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chittenden County
Full Chittenden County cost breakdown · Every county in Vermont
Common questions
How much does it cost to own a home in Milton?
A $309,000 home in Milton, Vermont costs approximately $2,583 per month with 20% down at 6.66%. That is $1,589 principal and interest, $358 property tax, $88 homeowners insurance, $292 utilities and $258 set aside for maintenance.
What is the property tax rate in Milton?
Milton has an effective property tax rate of 1.389%, based on a median home value of $309,000 and median real estate taxes of $4,292. That is lower than the Chittenden County average of 1.614%.
What is the average home price in Milton?
The median owner-occupied home value in Milton, Vermont is $309,000, against $404,500 across Chittenden County.
Is it cheaper to rent or buy in Milton?
Median gross rent in Milton is $1,643 a month, against $2,583 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 Milton — 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.