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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 $366,947, higher than the Iowa average of $226,062.
The average cost of rent is $1,342/mo in Montpelier, primarily driven by the current value of real estate in the Montpelier area. In Montpelier, 8.98% of households rent, and 56.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montpelier is $8,438 per month. Households that rent pay about 15.90% of their income on rent here. Montpelier’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Blue Grass, IA: less expensive homes
- New Era, IA: equally priced homes
- Buffalo, IA: less expensive homes
- Andalusia, IL: less expensive homes
- Taylor Ridge, IL: less expensive homes
- Stockton, IA: less expensive homes
- Sweetland Center, IA: less expensive homes
- Walcott, IA: less expensive homes
- 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: less expensive homes
- Shidler, OK: less expensive homes
- Shanksville, PA: less expensive homes
- 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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