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 $107,220, lower than the Kentucky average of $164,895.
The average cost of rent is $742/mo in Montpelier, primarily driven by the current value of real estate in the Montpelier area. While nearly 62.22% of residents own their homes outright in Montpelier, 18.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montpelier is $3,071 per month. Households that rent pay about 24.17% 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.
Nearby Cities
- Glens Fork, KY: less expensive homes
- Esto, KY: higher priced homes
- Joppa, KY: less expensive homes
- Craycraft, KY: higher priced homes
- Cundiff, KY: less expensive homes
- Jamestown, KY: higher priced homes
- Gradyville, KY: equally priced homes
- Sewellton, KY: higher priced homes
- Gadberry, KY: higher priced homes
- Freedom, KY: higher priced homes
Cities with Similar Populations
- Ruby Valley, NV: higher priced homes
- Lee, IN: equally priced homes
- Leet, WV: less expensive homes
- Leggett, TX: higher priced homes
- Lentner, MO: less expensive homes
- Leon, OK: less expensive homes
- Leota, MO: less expensive homes
- LeRoy, WI: higher priced homes
- Lessley, MS: higher priced homes
- Littrell, KY: less expensive homes
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