CALCMONEY // HOME AFFORDABILITY // VT // SOUTH BURLINGTON
How much house can you afford in South Burlington? Based on local median home prices, current VT mortgage rates, and South Burlington property tax data.
$490,000
$3,534/mo
$151,457/yr
$183,958
Monthly housing costs of $3,534 represent 51.7% of South Burlington's median gross monthly income ($6,833/mo). At 51.7%, median-income buyers in South Burlington are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $490,000 |
| Down Payment (20%) | $98,000 |
| Loan Amount | $392,000 |
| Monthly PI Payment | $2,595 |
| Monthly Property Tax | $735 |
| Monthly Insurance Est. | $204 |
| Total Monthly PITI | $3,534 |
| Housing Cost % of Income | 51.7% |
| Required Income (28% rule) | $151,457/yr |
| Max Affordable Home | $183,958 |
$17,150
$4,404/mo
South Burlington Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $490,000 | South Burlington city median |
| Down Payment (20%) | $98,000 | Conventional loan |
| Monthly PITI | $3,534 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $151,457 | Annual gross |
| Max Affordable Home | $183,958 | Based on median income |
| FHA Down (3.5%) | $17,150 | Minimum FHA |
| Housing Cost % of Income | 51.7% | Median income: $82,000/yr |
| Property Tax Rate | 1.8% | $8,820/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in South Burlington is $490,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $392,000, generating a monthly P&I payment of $2,595. Adding property taxes ($735/mo) and homeowners insurance ($204/mo) brings total monthly PITI to $3,534.
South Burlington's property tax rate of 1.8% is near the national average, adding a standard increment to monthly housing costs. On the South Burlington median home, that is $735/month, or $8,820 per year.
Vermont levies a state income tax, which affects take-home pay and effective buying power. High-income earners in South Burlington 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 South Burlington's median income of $82,000/year can afford up to $1,913/month in total housing costs. Based on South Burlington's mortgage rate of 6.95% and property tax rate of 1.8%, that translates to a maximum affordable home price of approximately $183,958 with 20% down on a 30-year loan.
To afford the median South Burlington home priced at $490,000, you need an annual gross income of approximately $151,457. Total monthly housing costs (principal and interest of $2,595, property taxes of $735, and insurance of $204) come to $3,534/month, which equals 28% of the required income.
At the median home price of $490,000 and median household income of $82,000, the total monthly housing cost of $3,534 represents 51.7% of gross monthly income. This is well above the standard 28% threshold, making South Burlington a challenging market for buyers at median income.
A conventional 20% down payment on the median South Burlington home of $490,000 is $98,000. An FHA loan requires just 3.5% down — $17,150 — but adds mortgage insurance of roughly $335/month, bringing total FHA payments to $4,404/month.
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