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 $91,739, lower than the Indiana average of $175,617.
The average cost of rent is $778/mo in Montpelier, primarily driven by the current value of real estate in the Montpelier area. While nearly 37.16% of residents own their homes outright in Montpelier, 22.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montpelier is $4,864 per month. Households that rent pay about 15.99% of their income on rent here. Montpelier's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Keystone, IN: higher priced homes
- Roll, IN: higher priced homes
- Poneto, IN: higher priced homes
- Mount Zion, IN: higher priced homes
- Fiat, IN: higher priced homes
- Trenton, IN: equally priced homes
- Hartford City, IN: less expensive homes
- Petroleum, IN: higher priced homes
- Dillman, IN: higher priced homes
- Millgrove, IN: equally priced homes
Cities with Similar Populations
- Chattahoochee Hills, GA: higher priced homes
- Frederic, WI: higher priced homes
- Runnells, IA: higher priced homes
- Henry, IL: higher priced homes
- Itasca, TX: higher priced homes
- Kimball, NE: less expensive homes
- Lakefield, MN: higher priced homes
- Lincoln Heights, OH: less expensive homes
- Bernie, MO: higher priced homes
- Oakville, WA: higher priced homes
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