How much house can I afford on $120,000 in Vermont?
About $392,000 with 20% down ($318,000 with an FHA loan), using Vermont's 1.51% property tax rate.
That is $448 more than the typical Vermont home ($391,900), so a $120,000 salary can buy a typical home here. The payment of $2,800 covers $2,111 principal and interest, $492 property tax and $196 insurance.
Counties in Vermont you can afford on $120,000
9 of 14 counties have a typical home value at or below $392,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Washington County | $389,915 | +1.2% | 1.75% |
| Bennington County | $374,684 | +0.9% | 1.64% |
| Windham County | $368,593 | -0.4% | 1.81% |
| Franklin County | $362,297 | +0.9% | 1.41% |
| Orange County | $322,699 | -0.7% | 1.66% |
| Rutland County | $315,512 | +3.0% | 1.81% |
| Caledonia County | $298,327 | +2.4% | 1.76% |
| Orleans County | $290,906 | +4.9% | 1.65% |
| Essex County | $240,111 | +6.2% | 1.76% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.51% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Vermont
Frequently asked questions
How much house can I afford on $120,000 in Vermont?
About $392,000 with 20% down at 7.11%, keeping the payment (with Vermont's 1.51% property tax and insurance) under $2,800 a month.
Is $120,000 enough to buy a house in Vermont?
Yes: the typical Vermont home is worth $391,900 (Zillow, September 2026) and $120,000 supports about $392,000. 9 of 14 counties are within budget.