Quick facts: Brandon, VT

Quick Facts

110.2
Cost of Living
above US average
3,966
Population
7.56
Crime Rate per 1000
below US average
$60,000
Median Income
below US average
$425,000
Median House Price
above US average
$1726
Average Rent
above US average
10%
Poverty Rate
below US average
2.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,000.

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Income Needed to Buy

βœ— Stretch
$133k/year
Based on $425,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $60,000
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Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1726/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Brandon, VT

Brandon is a picturesque town located in Rutland County, Vermont. Nestled in the Champlain Valley, it offers a blend of natural beauty and small-town charm. The town is known for its scenic landscapes, which include rolling hills, forests, and nearby lakes, making it a great destination for outdoor enthusiasts. Brandon boasts a rich history, with roots dating back to the early 18th century. The downtown area features a variety of historic buildings, unique shops, and local eateries, reflecting its vibrant community spirit. The town hosts several events throughout the year, including the popular Brandon Independence Day celebration and various art festivals that showcase local talent. Recreational opportunities abound, with nearby hiking trails, fishing spots, and winter sports in the surrounding Green Mountains. The town is also home to the Brandon Museum, which offers insight into the area's history and culture. With its welcoming atmosphere and beautiful surroundings, Brandon offers a peaceful retreat that captures the essence of Vermont's charm.

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