How Much Does It Cost to Buy a House in Vermont?

Kristy Snyder's Photo
By Kristy Snyder Updated December 3, 2022


Costs to buy a house in Vermont | Vermont closing costs | Vermont house buying calculator | Homeownership costs | How to save when buying a home in Vermont

The average home buyer in Vermont spends between $29,789 and $103,730 when purchasing a $370,790 home — the state median value.

Keep in mind, this is just the cost of buying a home. After you close, you'll still need to budget for all the ongoing costs of homeownership.

Luckily, Clever Real Estate can help make buying a home more affordable. Working with a Clever agent means you'll not only get great service from start to finish, but you could also be eligible for up to 0.5% cash back after closing. That's about $1,854 back on an average-priced home in Vermont!

💰Buying a home is expensive💰

Put money back in your pocket with Clever Cash Back. Clever will connect you with a top, local agent and send you a check after closing.

✅ Work with a full-service realtor from a top broker

✅ Eligible buyers can get cash back

✅ Clever is 100% free, with zero obligation

Average cost to buy a house in Vermont

Expense Amount
Earnest money deposit (1-3%) $3,708 to $11,124
Down payment (3.5-20%) $12,978 to $74,158
Cash reserves $3,410 to $5,114
Closing costs (2.15%) $7,961
Inspection $249
Appraisal $233
Moving $1,250 to $4,890
Total $29,789 to $103,730
Show more

Buyer closing costs in Vermont

While the other costs to buy a house in Vermont are pretty transparent, Vermont closing costs are a bit more nuanced. They're actually a series of smaller costs lumped together into one total. Here's a breakdown of all of the Vermont closing costs you'll likely pay when buying a home.

Closing cost Amount
Closing fee $371
Recording fee $240
Title service fees $500
Origination fee $1,854
Underwriting fee $600
Discount points $2,966 per point
Lender's title insurance $627
Owner's title insurance $433
Prorated property tax Varies
Transfer tax 0.10%
Total $7,961
Show more

Keep in mind, closing costs are often negotiable. However, to win the negotiation battle, you'll need a great agent who can work out a deal with the seller. Clever can match you with a top agent in your area that can get the seller to shoulder more of the above costs.

Contact us at Clever for top agent recommendations.

Cost to buy a house in Vermont calculator

Ongoing costs of homeownership in Vermont

Unfortunately, the cost to buy a house is just the beginning. After closing, you'll officially own the home and begin paying for the ongoing costs of homeownership.

Besides the expenses outlined above, you'll also want to consider private mortgage insurance (PMI) and homeowner's association (HOA) fees.

  • If you pay less than 20% as a down payment on your house, you'll probably have to pay PMI monthly until you get to 20% equity. For the average Vermont homeowner, this is between $161 to $546 a month.
  • Some neighborhoods have HOA fees for the care and maintenance of common areas. The national average is around $250 per month.

» MORE: The true cost of homeownership

Top ways to save money when buying a house in Vermont

1. Look into better financing options

Paying off debts and getting your credit in the best shape possible before applying for a loan will help you get a better interest rate, which will lower your monthly payments for the life of the loan.

You can also shop around to compare lenders so you get the lowest fees and interest rates available. It may be a good idea to enlist the help of a mortgage broker if you're not sure how to go about vetting lenders.

2. Participate in home buyer programs Vermont

The Vermont Housing Finance Agency (VHFA) offers several mortgage programs for eligible buyers working with a partnered lender:

  • MOVE
  • ASSIST Down Payment & Closing Assistance

These offer fixed low-interest rates with the option of down payment assistance — you may even get a Mortgage Credit Certificate depending on the program you apply for.

You can also apply for the USDA’s Single Family Housing Direct Home Loan in Vermont. It helps low-income buyers afford a safe, sanitary, and decent home in an eligible rural area.

» MORE: First-time home buyer programs everyone should know about

3. Partner with an expert agent

Some real estate companies, like Clever, offer home buyers a percentage of their home's price back after the sale finalizes.

That means if you work with a Clever agent, you'll not only get the expertise that helps you get the best deal possible — you could also get up to 0.5% of your home price back after closing!

Find your agent through Clever, qualify for cash back!

Clever matches you with top local agents so you can compare options and choose the best fit. And eligible buyers can get cash back after closing.

Fill out the form below and get started now. Clever's service is 100% free with no obligation.

Related links

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area
If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.