Total monthly cost of ownership
Cost to Own a Home in Rutland, Vermont
A $176,000 home here costs
$1,764per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $905. The real number is $860 higher every month — 95% 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.
Rutland against Rutland County and Vermont
| Measure | Rutland | Rutland County |
|---|---|---|
| Median home value | $176,400 | $218,400 |
| Median property tax | $4,467 | $4,057 |
| Effective tax rate | 2.532% | 1.858% |
| Median gross rent | $942 | $965 |
| Population | 15,747 | 60,484 |
The weather behind that power bill
Rutland 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 $224 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
Common questions
How much does it cost to own a home in Rutland?
A $176,000 home in Rutland, Vermont costs approximately $1,764 per month with 20% down at 6.66%. That is $905 principal and interest, $371 property tax, $50 homeowners insurance, $292 utilities and $147 set aside for maintenance.
What is the property tax rate in Rutland?
Rutland has an effective property tax rate of 2.532%, based on a median home value of $176,400 and median real estate taxes of $4,467. That is higher than the Rutland County average of 1.858%.
What is the average home price in Rutland?
The median owner-occupied home value in Rutland, Vermont is $176,400, against $218,400 across Rutland County.
Is it cheaper to rent or buy in Rutland?
Median gross rent in Rutland is $942 a month, against $1,764 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 Rutland — 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.