Total monthly cost of ownership
Cost to Own a Home in Montpelier, Vermont
A $349,000 home here costs
$3,066per 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 $131,500 a year.
A standard mortgage calculator would have told you $1,903. The real number is $1,163 higher every month, 61% more than the payment most buyers budget for.
Compare Washington 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.
Montpelier against Washington County and Vermont
| Measure | Montpelier | Washington County |
|---|---|---|
| Median home value | $349,200 | $293,900 |
| Median property tax | $6,832 | $5,491 |
| Effective tax rate | 1.956% | 1.868% |
| Median gross rent | $1,169 | $1,094 |
| Population | 8,038 | 59,958 |
The weather behind that power bill
Montpelier sits in Washington County, which averages a high of 81.5°F in its hottest month and a low of 7.3°F in its coldest, with 41.35" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 472 cooling and 7,722 heating degree days, which is what sets the $137 electricity line above.
See the full climate breakdown for Washington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Vermont
Talk to someone who works this market
These are Montpelier 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 Montpelier every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Montpelier I already own here and may sell
Common questions
How much does it cost to own a home in Montpelier?
A $349,000 home in Montpelier, Vermont costs approximately $3,066 per month with 20% down at 7.24%. That is $1,903 principal and interest, $569 property tax, $99 homeowners insurance, $205 utilities and $291 set aside for maintenance.
What is the property tax rate in Montpelier?
Montpelier has an effective property tax rate of 1.956%, based on a median home value of $349,200 and median real estate taxes of $6,832. That is higher than the Washington County average of 1.868%.
What is the average home price in Montpelier?
The median owner-occupied home value in Montpelier, Vermont is $349,200, against $293,900 across Washington County.
Is it cheaper to rent or buy in Montpelier?
Median gross rent in Montpelier is $1,169 a month, against $3,066 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 Montpelier?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Montpelier, Vermont at today's rate takes a household income of roughly $131,500 a year. That covers the full $3,066 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Montpelier, 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.