CALCMONEY // HOME AFFORDABILITY // VT // BURLINGTON
How much house can you afford in Burlington? Based on local median home prices, current VT mortgage rates, and Burlington property tax data.
$550,000
$3,958/mo
$169,610/yr
$119,911
Monthly housing costs of $3,958 represent 66.0% of Burlington's median gross monthly income ($6,000/mo). At 66.0%, median-income buyers in Burlington are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $550,000 |
| Down Payment (20%) | $110,000 |
| Loan Amount | $440,000 |
| Monthly PI Payment | $2,913 |
| Monthly Property Tax | $816 |
| Monthly Insurance Est. | $229 |
| Total Monthly PITI | $3,958 |
| Housing Cost % of Income | 66.0% |
| Required Income (28% rule) | $169,610/yr |
| Max Affordable Home | $119,911 |
$19,250
$4,934/mo
Burlington Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $550,000 | Burlington city median |
| Down Payment (20%) | $110,000 | Conventional loan |
| Monthly PITI | $3,958 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $169,610 | Annual gross |
| Max Affordable Home | $119,911 | Based on median income |
| FHA Down (3.5%) | $19,250 | Minimum FHA |
| Housing Cost % of Income | 66.0% | Median income: $72,000/yr |
| Property Tax Rate | 1.78% | $9,790/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Burlington is $550,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $440,000, generating a monthly P&I payment of $2,913. Adding property taxes ($816/mo) and homeowners insurance ($229/mo) brings total monthly PITI to $3,958.
Burlington's property tax rate of 1.78% is near the national average, adding a standard increment to monthly housing costs. On the Burlington median home, that is $816/month, or $9,790 per year.
Vermont levies a state income tax, which affects take-home pay and effective buying power. High-income earners in 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 Burlington's median income of $72,000/year can afford up to $1,680/month in total housing costs. Based on Burlington's mortgage rate of 6.95% and property tax rate of 1.78%, that translates to a maximum affordable home price of approximately $119,911 with 20% down on a 30-year loan.
To afford the median Burlington home priced at $550,000, you need an annual gross income of approximately $169,610. Total monthly housing costs (principal and interest of $2,913, property taxes of $816, and insurance of $229) come to $3,958/month, which equals 28% of the required income.
At the median home price of $550,000 and median household income of $72,000, the total monthly housing cost of $3,958 represents 66.0% of gross monthly income. This is well above the standard 28% threshold, making Burlington a challenging market for buyers at median income.
A conventional 20% down payment on the median Burlington home of $550,000 is $110,000. An FHA loan requires just 3.5% down — $19,250 — but adds mortgage insurance of roughly $376/month, bringing total FHA payments to $4,934/month.
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