Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,023, 3,861 total housing units (homes and apartments), and a median house value of $540,181, Montpelier real estate is some of the most expensive in Vermont, although Montpelier home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Montpelier, accounting for 45.62% of the city's housing units. Other types of housing that are prevalent in Montpelier include duplexes, homes converted to apartments or other small apartment buildings ( 25.92%), large apartment complexes or high rise apartments ( 23.52%), and a few row houses and other attached homes ( 4.15%).
People in Montpelier primarily live in small (one, two or no bedroom) single-family detached homes. Montpelier has a mixture of owner-occupied and renter-occupied housing.
The housing in Montpelier was primarily built before 1939 ( 44.59%), making the housing stock in Montpelier some of the oldest overall in America, although there is a range of ages of homes in Montpelier. The next most important housing age is between 1970-1999 ( 26.49%), followed by between 1940-1969 ( 23.98%). There's also some housing in Montpelier built between 2000 and later ( 4.94%).
Appreciation rates for homes in Montpelier have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.49%, which ranks in the top 30% nationwide. This equates to an annual average Montpelier house appreciation rate of 7.57%.
Appreciation rates are so strong in Montpelier that despite a nationwide downturn in the housing market, Montpelier real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montpelier appreciation rates continue to be some of the highest in America, at 9.84%, which is higher than appreciation rates in 86.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montpelier. Montpelier appreciation rates in the latest quarter were at 4.63%, which equates to an annual appreciation rate of 19.86%.
Importantly, this makes Montpelier one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Vermont, our data show that Montpelier's latest annual appreciation rate is higher than 90% of the other cities and towns in Vermont.
$540,181
for Vermont
for nation
3,861
$2,094 / per month