Overview
Vermont offers rural New England charm, progressive politics, and outdoor recreation from skiing to hiking. The state's farm-to-table culture, craft beverages, and environmental consciousness attract like-minded residents. Burlington provides the only real urban experience while most of the state remains rural.
Vermont Real Estate Market
Burlington area has the state's strongest demand due to UVM, healthcare, and the only significant job center. Ski town properties (Stowe, Killington) command premiums. Rural Vermont offers affordable land and homes but limited employment. Remote work has increased demand statewide from those seeking Vermont lifestyle.
Property Taxes in Vermont
Vermont property taxes are above average, funding significant portion of school budgets.
Average effective rate: 1.90%
Annual tax on median home: ~$7,220
Prebate: Income-based property tax adjustment
First-Time Buyer Programs
VHFA Programs: Vermont Housing Finance Agency offers:
- ASSIST - Down payment assistance up to $10,000
- Mortgage programs with below-market rates
- Move-Up loans for previous homeowners
Closing Costs in Vermont
Vermont closing costs are moderate, typically 2-3% of purchase price.
Common costs include:
- Title insurance: Based on purchase price
- Property transfer tax: 0.5% for owner-occupied, 1.25% other
- Recording fees: Town-dependent
- Attorney fees: Common
Frequently Asked Questions
Burlington has the most diverse job market with healthcare, education, and tech. Other areas depend on tourism, healthcare, or government. Remote work has expanded options significantly.
Vermont has offered grants to attract remote workers, demonstrating the state's interest in drawing new residents. Check current program availability as funding varies year to year.
Stowe, Killington, and other ski areas command premiums and offer rental potential. However, climate change poses long-term risks to snow reliability. Evaluate carefully for primary residence vs. investment.