The Most Affordable Neighborhoods in Montpelier, ID by Home Value

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 $254,244, lower than the Idaho average of $450,170.

The average cost of rent is $641/mo in Montpelier, primarily driven by the current value of real estate in the Montpelier area. In Montpelier, 13.35% of households rent, and 42.16% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Montpelier is $5,362 per month. Households that rent pay about 11.96% of their income on rent here. Montpelier’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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