VT

Vermont Home Buying Guide

Northeast Region · Judicial Foreclosure State

Attorney Required

Key Facts at a Glance

Median Home Price
$390,000
Property Tax Rate
1.90%
Transfer Tax
1.25%
Attorney Required
Yes
Foreclosure Type
Judicial

What Makes Vermont Unique

High transfer tax at 1.25%

Vermont's housing stock is old — thorough inspection essential

Attorney required and judicial foreclosure provides strong protections

First-Time Buyer Programs in Vermont

1

VHFA Move Market Rate Loan

Contact your state housing finance agency for current eligibility and rates

2

VHFA Advantage Down Payment Assistance

Contact your state housing finance agency for current eligibility and rates

3

Stowe/Montpelier local programs

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Vermont

1.6%
Avg Closing Costs
of purchase price
$6,240
Estimated Closing Costs
on median-priced home
1.25%
Transfer Tax
may be split with seller

Attorney at Closing

Attorney Required at Closing

Vermont requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.

Local Tips for Vermont Buyers

1

High transfer tax adds significant upfront cost.

2

Older homes common — inspect for lead paint, asbestos, older systems.

3

VHFA Advantage provides up to $5,000 DPA at 0%.

Estimated Annual Ownership Cost in Vermont

Based on the median home price of $390,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$28,010
Annual Property Taxes$7,410
Homeowners Insurance (est.)$1,950
Maintenance (est. 1%/yr)$3,900

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Vermont.