CALCMONEY // HOME AFFORDABILITY // VT // BARRE
How much house can you afford in Barre? Based on local median home prices, current VT mortgage rates, and Barre property tax data.
$210,000
$1,544/mo
$66,185/yr
$138,685
Monthly housing costs of $1,544 represent 37.1% of Barre's median gross monthly income ($4,167/mo). At 37.1%, median-income buyers in Barre are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $210,000 |
| Down Payment (20%) | $42,000 |
| Loan Amount | $168,000 |
| Monthly PI Payment | $1,112 |
| Monthly Property Tax | $345 |
| Monthly Insurance Est. | $88 |
| Total Monthly PITI | $1,544 |
| Housing Cost % of Income | 37.1% |
| Required Income (28% rule) | $66,185/yr |
| Max Affordable Home | $138,685 |
$7,350
$1,917/mo
Barre Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $210,000 | Barre city median |
| Down Payment (20%) | $42,000 | Conventional loan |
| Monthly PITI | $1,544 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $66,185 | Annual gross |
| Max Affordable Home | $138,685 | Based on median income |
| FHA Down (3.5%) | $7,350 | Minimum FHA |
| Housing Cost % of Income | 37.1% | Median income: $50,000/yr |
| Property Tax Rate | 1.97% | $4,137/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Barre is $210,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $168,000, generating a monthly P&I payment of $1,112. Adding property taxes ($345/mo) and homeowners insurance ($88/mo) brings total monthly PITI to $1,544.
Barre's property tax rate of 1.97% is near the national average, adding a standard increment to monthly housing costs. On the Barre median home, that is $345/month, or $4,137 per year.
Vermont levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Barre 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 Barre's median income of $50,000/year can afford up to $1,167/month in total housing costs. Based on Barre's mortgage rate of 6.95% and property tax rate of 1.97%, that translates to a maximum affordable home price of approximately $138,685 with 20% down on a 30-year loan.
To afford the median Barre home priced at $210,000, you need an annual gross income of approximately $66,185. Total monthly housing costs (principal and interest of $1,112, property taxes of $345, and insurance of $88) come to $1,544/month, which equals 28% of the required income.
At the median home price of $210,000 and median household income of $50,000, the total monthly housing cost of $1,544 represents 37.1% of gross monthly income. This is well above the standard 28% threshold, making Barre a challenging market for buyers at median income.
A conventional 20% down payment on the median Barre home of $210,000 is $42,000. An FHA loan requires just 3.5% down — $7,350 — but adds mortgage insurance of roughly $144/month, bringing total FHA payments to $1,917/month.
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