Total monthly cost of ownership
Cost to Own a Home in Proctor, Vermont
A $196,000 home here costs
$1,809per 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 $77,500 a year.
A standard mortgage calculator would have told you $1,069. The real number is $740 higher every month, 69% more than the payment most buyers budget for.
Compare Rutland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Proctor from a five-year rolling sample, and with about 1,568 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Rutland County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Proctor against Rutland County and Vermont
| Measure | Proctor | Rutland County |
|---|---|---|
| Median home value | $196,100 | $218,400 |
| Median property tax | $3,799 | $4,057 |
| Effective tax rate | 1.937% | 1.858% |
| Median gross rent | $1,010 | $965 |
| Population | 1,568 | 60,484 |
The weather behind that power bill
Proctor sits in Rutland County, which averages a high of 80.3°F in its hottest month and a low of 8.0°F in its coldest, with 40.29" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 311 cooling and 7,807 heating degree days, which is what sets the $137 electricity line above.
See the full climate breakdown for Rutland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rutland County
Full Rutland County cost breakdown · Every county in Vermont
Talk to someone who works this market
These are Proctor 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 Proctor every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Proctor I already own here and may sell
Common questions
How much does it cost to own a home in Proctor?
A $196,000 home in Proctor, Vermont costs approximately $1,809 per month with 20% down at 7.24%. That is $1,069 principal and interest, $316 property tax, $56 homeowners insurance, $205 utilities and $163 set aside for maintenance.
What is the property tax rate in Proctor?
Proctor has an effective property tax rate of 1.937%, based on a median home value of $196,100 and median real estate taxes of $3,799. That is higher than the Rutland County average of 1.858%.
What is the average home price in Proctor?
The median owner-occupied home value in Proctor, Vermont is $196,100, against $218,400 across Rutland County.
Is it cheaper to rent or buy in Proctor?
Median gross rent in Proctor is $1,010 a month, against $1,809 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 Proctor?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Proctor, Vermont at today's rate takes a household income of roughly $77,500 a year. That covers the full $1,809 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Proctor, 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.