Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montpelier area can be challenging. Home prices in Montpelier are now at a median cost of $244,465, higher than the Iowa average of $182,666.
The average cost of rent is $1,036/mo in Montpelier, primarily driven by the current value of real estate in the Montpelier area. While nearly 50.51% of residents own their homes outright in Montpelier, 2.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montpelier is $6,966 per month. Households that rent pay about 14.88% of their income on rent here. Montpelier's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Blue Grass, IA: equally priced homes
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- Buffalo, IA: less expensive homes
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- Taylor Ridge, IL: less expensive homes
- Stockton, IA: equally priced homes
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- Illinois City, IL: less expensive homes
- Durant, IA: less expensive homes
Cities with Similar Populations
- La Paloma, TX: less expensive homes
- Silver Beach, WA: equally priced homes
- Sibley, IL: less expensive homes
- Shirley, WI: equally priced homes
- Shidler, OK: less expensive homes
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- Linn Grove, IA: less expensive homes
- Lindell, VA: less expensive homes
- Limerock, NY: less expensive homes
- Lidderdale, IA: less expensive homes
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