Montpelier, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Montpelier, VT Real Estate Data


Montpelier Housing Market Information

With 7,592 people, 3,614 houses or apartments, and a median cost of homes of $253,568, Montpelier real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Montpelier, accounting for 48.16% of the city's housing units. Other types of housing that are prevalent in Montpelier include large apartment complexes or high rise apartments ( 28.24%), duplexes, homes converted to apartments or other small apartment buildings ( 20.33%), and a few row houses and other attached homes ( 2.96%).

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 ( 48.26%), 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 1940-1969 ( 23.70%), followed by between 1970-1999 ( 21.96%). There's also some housing in Montpelier built between 2000 and later ( 6.08%).

Montpelier Home Appreciation Rates

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 15.33%, which ranks in the top 30% nationwide. This equates to an annual average Montpelier house appreciation rate of 1.44%.

Over the last year, Montpelier appreciation rates have trailed the rest of the nation. In the last twelve months, Montpelier's appreciation rate has been 3.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montpelier were at 3.04%, which equates to an annual appreciation rate of 12.74%.

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.

Average Home Values

 

Median Home Value:
$253,568

Montpelier, VT HOME PRICES

Value Range
> $1,098,000 0.3
$823,001 - $1,098,000 0.0
$549,001 - $823,000 2.1
$439,001 - $549,000 4.3
$329,001 - $439,000 16.6
$219,001 - $329,000 36.5
$110,001 - $219,000 35.2
$55,001 - $110,000 2.8
$0 - $55,000 2.3

High for VT
High for Nation

Value Relative to Nation Value Relative to State
22.580078468115 27.7372262773723

Number Of Homes And Apartments:
3,614

Rent & Ownership

 

Average Market Rent:
$1,095 / per month

Homeownership Rate

Homeownership
Owners 53.55
Renters 46.45
Vacant 7.71

Housing Market Details

 

Age of Homes

AGE OF Montpelier HOMES
2000 or Newer 6.1
1970 - 1999 22.0
1940 - 1969 23.7
1939 or Older 48.3

Types of Homes

TYPE OF Montpelier HOMES
Single-Family 48.2
Townhomes 3.0
Small Apt. Buildings 20.3
Apt. Complexes 28.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Montpelier HOMES
No Bedroom 5.31
1 Bedroom 17.95
2 Bedrooms 26.89
3 Bedrooms 30.62
4 Bedrooms 15.70
5 or more bedrooms 3.52

Montpelier Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
98.63% 4.12% 10 10
* 10 is highest