Montpelier, ND is a great place to invest in a home. The median value of housing in Montpelier is $161,100 which is lower than the US median house value of $338,100. The 1 year appreciation rate for housing in Montpelier is 9.41%, slightly higher than the US average of 8.27%. This indicates that buying a home in Montpelier could potentially be a great investment due to its affordable cost and relatively high rate of appreciation.
The median home cost in Montpelier is $161,100. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Montpelier is up 10.5%.
Average Age of Homes
- The median age of Montpelier real estate is 76 years old
The Rental Market in Montpelier
- Renters make up 8.0% of the Montpelier population
- 0.0% 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.