Rent vs Buy in Burlington, VT
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Burlington, VT
Price-to-rent ratio is 19.4 (under 15 favors buying, over 21 favors renting). Renting costs $2,165/mo; owning runs about $3,826/mo — $1,661/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $2,733 |
| Property tax | $462 |
| Home insurance | $210 |
| Maintenance | $420 |
| Total to own | $3,826 |
| Average 2BR rent | $2,165 |
Based on a median home value of $504,324 with a $100,865 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.