Vermont saw an increase in its homeownership rate in 2020, going up to 73.1% from the previous year’s 70.9% due to a variety of factors. The median home value in Vermont is $210,600. Meanwhile, its average outstanding mortgage balance is $147,24. That means there’s a $63,359 difference between Vermont’s average mortgage balance and the average cost of a home in the state.
Homeowners in Vermont spend an average of $1,070 on their monthly mortgage payments. This is $89 cheaper than the national average mortgage payment. That said, the amount you’ll pay in the state can differ from these average costs and rates.
MoneyGeek’s Vermont mortgage calculator can help you get a personalized quote based on your unique situation. With our tool, you’ll see how your rate can change based on several factors specific to you, such as your down payment, loan terms, interest rate and home price.
