Total monthly cost of ownership
Cost to Own a Home in Morrisville, Vermont
A $259,000 home here costs
$2,263per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,332. The real number is $931 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.
Morrisville against Lamoille County and Vermont
| Measure | Morrisville | Lamoille County |
|---|---|---|
| Median home value | $258,800 | $285,200 |
| Median property tax | $4,203 | $4,771 |
| Effective tax rate | 1.624% | 1.673% |
| Median gross rent | $1,242 | $1,123 |
| Population | 2,527 | 26,036 |
The weather behind that power bill
Morrisville sits in Lamoille County, which averages a high of 79.0°F in its hottest month and a low of 5.0°F in its coldest, with 35.5" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 245 cooling and 8,417 heating degree days, which is what sets the $224 electricity line above.
See the full climate breakdown for Lamoille County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lamoille County
No other places of this size are published in Lamoille County.
Full Lamoille County cost breakdown · Every county in Vermont
Common questions
How much does it cost to own a home in Morrisville?
A $259,000 home in Morrisville, Vermont costs approximately $2,263 per month with 20% down at 6.66%. That is $1,332 principal and interest, $351 property tax, $73 homeowners insurance, $292 utilities and $216 set aside for maintenance.
What is the property tax rate in Morrisville?
Morrisville has an effective property tax rate of 1.624%, based on a median home value of $258,800 and median real estate taxes of $4,203. That is lower than the Lamoille County average of 1.673%.
What is the average home price in Morrisville?
The median owner-occupied home value in Morrisville, Vermont is $258,800, against $285,200 across Lamoille County.
Is it cheaper to rent or buy in Morrisville?
Median gross rent in Morrisville is $1,242 a month, against $2,263 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 Morrisville — 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.