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Montpelier

Learn about the people, housing, costs and businesses in Montpelier, North Dakota

Median Home$212,600
Median Rent$750/month
Population83
Leading IndustriesArts, Food & Hospitality · Education · Healthcare11% arts, food & hospitality
Home Value Growth+8.5% over 2 years
Young Adults33% of residentswell above average
Homeowners84% of occupied units
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
NotableHigh Incomes$88k/year · top 26% nationally
Montpelier
ND

Frequently Asked Questions

What are today's mortgage rates in Montpelier?

As of today, the 30-year fixed mortgage rate for Montpelier is approximately 6.778% (6.810% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Montpelier?

The median home value in Montpelier is $213k. The median monthly rent is $750. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montpelier?

Home values in Montpelier have increased 8.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Montpelier?

Based on a typical all-in ownership cost of $722/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montpelier is $88k/year.

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What industries drive the economy in Montpelier?

The largest employment sectors in Montpelier are public administration (23%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.