In 47359 Montpelier, IN the median value of a house is $109,800 which is significantly lower than the US national house median value of $338,100. Despite this difference in price, the 1 year house appreciation rate for 47359 Montpelier, IN is 13.04%, which is higher than the US national house appreciation rate of 8.27%. This suggests that prices are rising in Montpelier and could be an attractive option for potential homebuyers looking to purchase at a relatively low price with potential for significant appreciation over the short term.
The median home cost in Montpelier (zip 47359) is $109,800. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Montpelier (zip 47359) is up 15.1%.
Average Age of Homes
- The median age of Montpelier (zip 47359) real estate is 73 years old
The Rental Market in Montpelier (zip 47359)
- Renters make up 25.3% of the Montpelier (zip 47359) population
- 6.7% of houses and apartments in Montpelier (zip 47359), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.