Total monthly cost of ownership
Cost to Own a Home in Shelburne, Vermont
A $497,000 home here costs
$4,030per 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 $172,500 a year.
A standard mortgage calculator would have told you $2,710. The real number is $1,320 higher every month, 49% more than the payment most buyers budget for.
Compare Chittenden 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.
Shelburne against Chittenden County and Vermont
| Measure | Shelburne | Chittenden County |
|---|---|---|
| Median home value | $496,700 | $404,500 |
| Median property tax | $6,722 | $6,527 |
| Effective tax rate | 1.353% | 1.614% |
| Median gross rent | $1,238 | $1,590 |
| Population | 6,292 | 168,831 |
The weather behind that power bill
Shelburne sits in Chittenden County, which averages a high of 82.4°F in its hottest month and a low of 12.9°F in its coldest, with 37.53" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 656 cooling and 6,960 heating degree days, which is what sets the $137 electricity line above.
See the full climate breakdown for Chittenden County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chittenden County
Full Chittenden County cost breakdown · Every county in Vermont
Talk to someone who works this market
These are Shelburne 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 Shelburne every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Shelburne I already own here and may sell
Common questions
How much does it cost to own a home in Shelburne?
A $497,000 home in Shelburne, Vermont costs approximately $4,030 per month with 20% down at 7.24%. That is $2,710 principal and interest, $560 property tax, $141 homeowners insurance, $205 utilities and $414 set aside for maintenance.
What is the property tax rate in Shelburne?
Shelburne has an effective property tax rate of 1.353%, based on a median home value of $496,700 and median real estate taxes of $6,722. That is lower than the Chittenden County average of 1.614%.
What is the average home price in Shelburne?
The median owner-occupied home value in Shelburne, Vermont is $496,700, against $404,500 across Chittenden County.
Is it cheaper to rent or buy in Shelburne?
Median gross rent in Shelburne is $1,238 a month, against $4,030 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 Shelburne?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Shelburne, Vermont at today's rate takes a household income of roughly $172,500 a year. That covers the full $4,030 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Shelburne, 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.