The housing market in Montpelier, IN is thriving. The median housing value in Montpelier is $113,600, which is significantly lower than the US house median value of $338,100. However, the one year house appreciation rate in Montpelier is 13.04%, which is higher than the US 1 year house appreciation rate of 8.27%. This suggests that Montpelier's housing market has been seeing steady and strong growth over the past year and may continue to do so in the coming years.
The median home cost in Montpelier is $113,600. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Montpelier is up 15.1%.
Average Age of Homes
- The median age of Montpelier real estate is 73 years old
The Rental Market in Montpelier
- Renters make up 37.6% of the Montpelier population
- 9.6% of houses and apartments in Montpelier, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.