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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 $147,433, lower than the Kentucky average of $219,615.
The average cost of rent is $769/mo in Montpelier, primarily driven by the current value of real estate in the Montpelier area. In Montpelier, 13.77% of households rent, and 63.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montpelier is $3,358 per month. Households that rent pay about 22.89% of their income on rent here. Montpelier’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Glens Fork, KY: less expensive homes
- Esto, KY: equally priced homes
- Joppa, KY: less expensive homes
- Craycraft, KY: less expensive homes
- Cundiff, KY: less expensive homes
- Jamestown, KY: higher priced homes
- Gradyville, KY: higher priced homes
- Sewellton, KY: higher priced homes
- Gadberry, KY: higher priced homes
- Freedom, KY: equally priced homes
Cities with Similar Populations
- Ruby Valley, NV: higher priced homes
- Lee, IN: higher priced homes
- Leet, WV: less expensive homes
- Leggett, TX: higher priced homes
- Lentner, MO: less expensive homes
- Leon, OK: higher priced homes
- Leota, MO: higher priced homes
- LeRoy, WI: higher priced homes
- Lessley, MS: less expensive homes
- Littrell, KY: less expensive homes
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