Total monthly cost of ownership
Cost to Own a Home in Montpelier, Vermont
A $349,000 home here costs
$3,045per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,794. The real number is $1,250 higher every month — 70% 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.
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 $224 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
Common questions
How much does it cost to own a home in Montpelier?
A $349,000 home in Montpelier, Vermont costs approximately $3,045 per month with 20% down at 6.66%. That is $1,794 principal and interest, $569 property tax, $99 homeowners insurance, $292 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 $3,045 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 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.