Cheap Homes in Montpelier, VT

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Top Reasons To Live In Montpelier, VT In 2024

Montpelier is located in Washington, Vermont, with an estimated municipal population of 7,372 residents. All of the best foreclosed homes for sale in Montpelier are located in the following zip code areas on 05602 05603 05604 05620 05633. The estimated population per square kilometer (.62 miles) in Montpelier is 283.

Cost Of Living In Montpelier, VT

So, about how much do homes cost in Montpelier? The most recent median value of resident-owned homes in Montpelier is 254,803. An estimated 55.6 percent of households in Montpelier own their homes, with an average family size of 2.71. The median household income in Montpelier is 65,078, with29.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Montpelier, the median commute time of resident workers (in minutes) is 19. And last, but certainly not least, are you looking for homes to rent in Montpelier? If so, the average rent price paid by renters in Montpelier is 1,021, according to recent statistics.

Diversity And Demographics In Montpelier, Vermont

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Montpelier, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Montpelier is 45, split between 43.7 percent male versus 56.3 female. The percentage of residents who report being married in Montpelier is 42.8, with an average family size of 2.71.

The percentage of residents who report their race in Montpelier is as follows:

White 94.3%
Black / African American 1.6%
Asian 1.5%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.4%
Other 0.1%

Looking for family-friendly neighborhoods in and/or near Montpelier? Or maybe you are searching for 55+ active adult communities in and/or near Montpelier?

The percentage of residents who report their age in Montpelier is as follows:

Under 10 8.6%
Aged 10-19 11.4%
20s 11.2%
30s 11.6%
40s 14.3%
50s 14.5%
60s 15%
70s 7.4%
80+ 6.1%

Best Schools In Montpelier, Vermont

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Montpelier with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Montpelier.

Pros And Cons Of Living In Montpelier, Vermont

How do you know that living in -- or moving to -- Montpelier is right where you need to be? Perhaps you grew up in Montpelier or already live nearby; therefore, the decision to buy a home in Montpelier is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Montpelier for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Montpelier:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Montpelier.

Reasons To Move To Montpelier, Vermont, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Montpelier can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Montpelier, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Montpelier, VT


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