Mortgage payment estimates, closing cost breakdowns, and homebuying data for Springfield, Vermont.
Pre-filled with Springfield median home price and Vermont tax/insurance rates. Adjust for your property.
Estimated closing costs based on Vermont rates and fees applied to Springfield prices.
The median home price in Springfield is $195,000, 49% below the Vermont state median of $380,000. With a population of 9,062, Springfield is a smaller market where home prices tend to be more accessible than in many parts of Vermont.
Property taxes in Vermont average 1.9% annually. This higher-than-average tax rate means a $195,000 home in Springfield would carry roughly $309/month in property taxes alone — plan accordingly. Homeowners insurance in Vermont runs approximately $1,100 per year. This is within the normal range nationally.
Average rent in Springfield is $980/month. The price-to-rent ratio in Springfield is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Springfield offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Vermont's VHFA MOVE Mortgage program.