Mortgage Rates in Milton, Vermont — March 2026
Updated March 2026 | Based on Milton market data and regional lending conditions
Milton is a growing city in Vermont with a population of 10,723. The current 30-year fixed mortgage rate in Milton is 6.64%, which is 0.01% below the national average. With a median home price of $269,000 and a 20% down payment of $53,800, homebuyers can expect a monthly principal and interest payment of approximately $1,380.
Current Mortgage Rates in Milton, VT
Below are the current average mortgage rates available in the Milton area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Milton Housing Market Overview
The Milton housing market offers relatively affordable housing compared to many major cities. The median household income in Milton is $56,200, and the cost of living index is 111 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $76,243 to comfortably afford the median-priced home in Milton, which exceeds the current median household income.
Monthly Payment Breakdown for Milton
Based on the median home price of $269,000 with 20% down ($53,800), here is what you can expect to pay monthly in Milton:
15-Year vs. 30-Year Mortgage in Milton
Choosing a 15-year mortgage in Milton at 5.9% instead of a 30-year at 6.64% would save you $172,080 in total interest over the life of the loan. However, your monthly payment would be $1,804 instead of $1,380 — an increase of $424 per month.
Calculate Your Milton Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Milton
What are the current mortgage rates in Milton, VT?
As of March 2026, the average 30-year fixed mortgage rate in Milton, Vermont is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Milton?
Based on the median home price of $269,000 with 20% down, the estimated monthly mortgage payment in Milton is $1,380 for principal and interest. Including property taxes of $399/month, the total monthly housing cost is approximately $1,779.
What income do I need to buy a home in Milton?
Using the 28% rule, you would need an annual income of approximately $76,243 to afford the median-priced home in Milton at $269,000. The median household income in Milton is $56,200. This means most households would need to either earn above the median or consider homes below $269,000.
Is Milton a good place to buy a home in 2026?
Milton has a moderate cost of living with a cost of living index of 111 (national average = 100). The property tax rate in Vermont is 1.78%, which is above the national average. Milton has a population of 10,723 and offers a balanced lifestyle.
Mortgage Rates in Other Vermont Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Milton, Vermont area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.