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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 $157,689, lower than the Mississippi average of $183,008.
The average cost of rent is $995/mo in Montpelier, primarily driven by the current value of real estate in the Montpelier area. In Montpelier, 22.82% of households rent, and 61.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montpelier is $3,725 per month. Households that rent pay about 26.71% of their income on rent here. Montpelier’s most expensive areas are in the southern 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
- Griffith, MS: less expensive homes
- Cedarbluff, MS: less expensive homes
- Whites, MS: equally priced homes
- West Point, MS: equally priced homes
- Muldon, MS: less expensive homes
- Muldrow, MS: higher priced homes
- Rocky Hill, MS: higher priced homes
- Waddell, MS: higher priced homes
- Prairie, MS: less expensive homes
- Tibbee, MS: higher priced homes
Cities with Similar Populations
- Indian Springs, GA: higher priced homes
- Jordan, MO: higher priced homes
- Joes, CO: higher priced homes
- Jeriel, KY: less expensive homes
- Jenkinjones, WV: less expensive homes
- Jefferson Junction, WI: higher priced homes
- Jason, KY: less expensive homes
- Jansen, NE: less expensive homes
- Jackson, PA: higher priced homes
- Ivan, LA: higher priced homes
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