Montpelier, VT


Highest Appreciating Montpelier Neighborhoods Since 2000

Montpelier, VT Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Montpelier Housing Market Information

With 7,592 people, 3,510 houses or apartments, and a median cost of homes of $284,037, 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 49.77% of the city's housing units. Other types of housing that are prevalent in Montpelier include large apartment complexes or high rise apartments ( 24.95%), duplexes, homes converted to apartments or other small apartment buildings ( 22.33%), and a few row houses and other attached homes ( 2.82%).

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 ( 50.62%), 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 ( 23.41%), followed by between 1970-1999 ( 19.64%). There's also some housing in Montpelier built between 2000 and later ( 6.33%).

Vacant housing appears to be an issue in Montpelier. Fully 10.00% of the housing stock is classified as vacant. Left unchecked, vacant Montpelier homes and apartments can be a drag on the real estate market, holding Montpelier real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Montpelier Home Appreciation Rates

In the last 10 years, Montpelier has experienced some of the highest home appreciation rates of any community in the nation. Montpelier real estate appreciated 15.77% over the last ten years, which is an average annual home appreciation rate of 1.48%, putting Montpelier in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Montpelier definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Montpelier's appreciation rate, at 5.05%, has been at or slightly above the national average. In the latest quarter, Montpelier's appreciation rate has been 2.55%, which annualizes to a rate of 10.60%.

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:

Montpelier, VT HOME PRICES

Value Range
> $1,099,000 0.2
$825,001 - $1,099,000 0.0
$550,001 - $825,000 1.8
$440,001 - $550,000 7.6
$329,001 - $440,000 18.4
$220,001 - $329,000 34.6
$110,001 - $220,000 32.6
$55,001 - $110,000 2.5
$0 - $55,000 2.3

Very High for VT
Very High for Nation

Value Relative to Nation Value Relative to State
18.0300011719208 15.3284671532847

Number Of Homes And Apartments:

Montpelier Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
100.93% 4.13% 10 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,292 / per month

Homeownership Rate

Owners 56.34
Renters 43.66
Vacant 10.00

Housing Market Details


Age of Homes

AGE OF Montpelier HOMES
2000 or Newer 6.3
1970 - 1999 19.6
1940 - 1969 23.4
1939 or Older 50.6

Types of Homes

TYPE OF Montpelier HOMES
Single-Family 49.8
Townhomes 2.8
Small Apt. Buildings 22.3
Apt. Complexes 24.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Montpelier HOMES
No Bedroom 4.33
1 Bedroom 18.21
2 Bedrooms 25.59
3 Bedrooms 30.95
4 Bedrooms 16.69
5 or more bedrooms 4.23