CALCMONEY // HOME AFFORDABILITY // VT // RUTLAND
How much house can you afford in Rutland? Based on local median home prices, current VT mortgage rates, and Rutland property tax data.
$245,000
$1,792/mo
$76,779/yr
$135,821
Monthly housing costs of $1,792 represent 41.3% of Rutland's median gross monthly income ($4,333/mo). At 41.3%, median-income buyers in Rutland are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $245,000 |
| Down Payment (20%) | $49,000 |
| Loan Amount | $196,000 |
| Monthly PI Payment | $1,297 |
| Monthly Property Tax | $392 |
| Monthly Insurance Est. | $102 |
| Total Monthly PITI | $1,792 |
| Housing Cost % of Income | 41.3% |
| Required Income (28% rule) | $76,779/yr |
| Max Affordable Home | $135,821 |
$8,575
$2,227/mo
Rutland Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $245,000 | Rutland city median |
| Down Payment (20%) | $49,000 | Conventional loan |
| Monthly PITI | $1,792 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $76,779 | Annual gross |
| Max Affordable Home | $135,821 | Based on median income |
| FHA Down (3.5%) | $8,575 | Minimum FHA |
| Housing Cost % of Income | 41.3% | Median income: $52,000/yr |
| Property Tax Rate | 1.92% | $4,704/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Rutland is $245,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $196,000, generating a monthly P&I payment of $1,297. Adding property taxes ($392/mo) and homeowners insurance ($102/mo) brings total monthly PITI to $1,792.
Rutland's property tax rate of 1.92% is near the national average, adding a standard increment to monthly housing costs. On the Rutland median home, that is $392/month, or $4,704 per year.
Vermont levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Rutland 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 Rutland's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Rutland's mortgage rate of 6.95% and property tax rate of 1.92%, that translates to a maximum affordable home price of approximately $135,821 with 20% down on a 30-year loan.
To afford the median Rutland home priced at $245,000, you need an annual gross income of approximately $76,779. Total monthly housing costs (principal and interest of $1,297, property taxes of $392, and insurance of $102) come to $1,792/month, which equals 28% of the required income.
At the median home price of $245,000 and median household income of $52,000, the total monthly housing cost of $1,792 represents 41.3% of gross monthly income. This is well above the standard 28% threshold, making Rutland a challenging market for buyers at median income.
A conventional 20% down payment on the median Rutland home of $245,000 is $49,000. An FHA loan requires just 3.5% down — $8,575 — but adds mortgage insurance of roughly $167/month, bringing total FHA payments to $2,227/month.
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