CALCMONEY // HOME AFFORDABILITY // VT // MONTPELIER
How much house can you afford in Montpelier? Based on local median home prices, current VT mortgage rates, and Montpelier property tax data.
$310,000
$2,249/mo
$96,373/yr
$158,544
Monthly housing costs of $2,249 represent 43.5% of Montpelier's median gross monthly income ($5,167/mo). At 43.5%, median-income buyers in Montpelier are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $310,000 |
| Down Payment (20%) | $62,000 |
| Loan Amount | $248,000 |
| Monthly PI Payment | $1,642 |
| Monthly Property Tax | $478 |
| Monthly Insurance Est. | $129 |
| Total Monthly PITI | $2,249 |
| Housing Cost % of Income | 43.5% |
| Required Income (28% rule) | $96,373/yr |
| Max Affordable Home | $158,544 |
$10,850
$2,799/mo
Montpelier Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $310,000 | Montpelier city median |
| Down Payment (20%) | $62,000 | Conventional loan |
| Monthly PITI | $2,249 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $96,373 | Annual gross |
| Max Affordable Home | $158,544 | Based on median income |
| FHA Down (3.5%) | $10,850 | Minimum FHA |
| Housing Cost % of Income | 43.5% | Median income: $62,000/yr |
| Property Tax Rate | 1.85% | $5,735/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Montpelier is $310,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $248,000, generating a monthly P&I payment of $1,642. Adding property taxes ($478/mo) and homeowners insurance ($129/mo) brings total monthly PITI to $2,249.
Montpelier's property tax rate of 1.85% is near the national average, adding a standard increment to monthly housing costs. On the Montpelier median home, that is $478/month, or $5,735 per year.
Vermont levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Montpelier should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Montpelier's median income of $62,000/year can afford up to $1,447/month in total housing costs. Based on Montpelier's mortgage rate of 6.95% and property tax rate of 1.85%, that translates to a maximum affordable home price of approximately $158,544 with 20% down on a 30-year loan.
To afford the median Montpelier home priced at $310,000, you need an annual gross income of approximately $96,373. Total monthly housing costs (principal and interest of $1,642, property taxes of $478, and insurance of $129) come to $2,249/month, which equals 28% of the required income.
At the median home price of $310,000 and median household income of $62,000, the total monthly housing cost of $2,249 represents 43.5% of gross monthly income. This is well above the standard 28% threshold, making Montpelier a challenging market for buyers at median income.
A conventional 20% down payment on the median Montpelier home of $310,000 is $62,000. An FHA loan requires just 3.5% down — $10,850 — but adds mortgage insurance of roughly $212/month, bringing total FHA payments to $2,799/month.
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