Total monthly cost of ownership
Cost to Own a Home in Rutland, Vermont
A $176,000 home here costs
$1,732per 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 $74,000 a year.
A standard mortgage calculator would have told you $960. The real number is $773 higher every month, 81% more than the payment most buyers budget for.
Compare Rutland 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.
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 $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 Rutland 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 Rutland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Rutland I already own here and may sell
Common questions
How much does it cost to own a home in Rutland?
A $176,000 home in Rutland, Vermont costs approximately $1,732 per month with 20% down at 7.24%. That is $960 principal and interest, $371 property tax, $50 homeowners insurance, $205 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 $1,732 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 Rutland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rutland, Vermont at today's rate takes a household income of roughly $74,000 a year. That covers the full $1,732 monthly cost, not just the mortgage payment.
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.