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Burlington vs Rutland:
Housing Costs in Vermont

Side-by-side comparison of home prices, mortgage payments, and housing costs between Burlington and Rutland, Vermont. Using Vermont's 1.9% property tax rate and $1,100/year insurance. Updated for 2026.

MetricBurlingtonRutland
Median Home Price$425K$235K
Population44,74316,495
Average Rent$1,750/mo$1,150/mo
Est. Monthly Mortgage (P&I)$2,418/mo$1,337/mo
Est. Monthly Property Tax$673/mo$372/mo
Est. Monthly Insurance$92/mo$92/mo
Est. Total PITI$3,342/mo$1,889/mo
Price-to-Rent Ratio20.217.0
Verdict

Rutland is significantly more affordable than Burlington, with homes priced 45% lower on average. That translates to $1,453/month in savings on your total housing payment. For budget-conscious buyers in Vermont, Rutland offers a much more accessible path to homeownership.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Vermont's 1.9% property tax rate.

Burlington
Home Price$425,000
Down Payment (10%)$42,500
Loan Amount$382,500
Monthly P&I$2,418
Monthly Property Tax$673
Monthly Insurance$92
Monthly PMI$159
Total PITI$3,342/mo
Annual property tax: $8,075
Rutland
Home Price$235,000
Down Payment (10%)$23,500
Loan Amount$211,500
Monthly P&I$1,337
Monthly Property Tax$372
Monthly Insurance$92
Monthly PMI$88
Total PITI$1,889/mo
Annual property tax: $4,465

Buying in Rutland saves you approximately $1,453/month ($17,436/year) compared to Burlington, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Rutland is the better choice for first-time buyers, with a median price of $235K versus $425K in Burlington. That's $190K less to save for a down payment. You'd need roughly $8K for an FHA 3.5% down payment in Rutland, compared to $15K in Burlington. Vermont offers the VHFA MOVE Mortgage program ($5K–$15K DPA) which applies in both cities.

Real Estate Investment

Rutland has the better price-to-rent ratio at 17.0x versus 20.2x in Burlington. A lower ratio generally signals better rental income relative to purchase price. Average rent in Rutland is $1,150/month on a $235K median home, making it a stronger candidate for buy-and-rent investors.

Families

Burlington (pop. 44,743) offers more amenities, schools, and services typical of a larger city, while Rutland (pop. 16,495) may offer a quieter, more community-oriented lifestyle. Families on a budget may prefer Rutland, where lower housing costs free up more income for childcare, education, and savings.

Income Needed to Afford the Median Home

Burlington
$143K
annual household income
Based on $3,342/mo PITI at 28% DTI
Rutland
$81K
annual household income
Based on $1,889/mo PITI at 28% DTI

Other Cities in Vermont

South Burlington$465K
Pop. 20,292 · Rent $1,850/mo
Montpelier$345K
Pop. 8,074 · Rent $1,450/mo
Barre$225K
Pop. 8,491 · Rent $1,120/mo
Brattleboro$275K
Pop. 12,184 · Rent $1,280/mo
St. Albans$295K
Pop. 6,918 · Rent $1,280/mo
Bennington$245K
Pop. 15,333 · Rent $1,180/mo
Middlebury$385K
Pop. 9,152 · Rent $1,520/mo
St. Johnsbury$195K
Pop. 7,364 · Rent $980/mo

Explore Vermont

Vermont Mortgage Guide$380K median →
1.9% tax · $6K closing · $1,100/yr insurance
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Burlington or Rutland.
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