The housing market in 58472 Montpelier, ND is strong. The median value of housing in the area is $206,100, which is much lower than the US median value of $338,100. Despite this large gap in pricing, the 1 year appreciation rate for Montpelier homes is 9.41%, outpacing the US 1 year appreciation rate of 8.27%. This suggests that housing prices in Montpelier are likely to continue rising as the city attracts more residents and businesses. For those looking for affordable housing while still reaping the benefits of a growing market, 58472 Montpelier may be an ideal area to consider buying a home.
The median home cost in Montpelier (zip 58472) is $206,100. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Montpelier (zip 58472) is up 10.5%.
Average Age of Homes
- The median age of Montpelier (zip 58472) real estate is 56 years old
The Rental Market in Montpelier (zip 58472)
- Renters make up 12.1% of the Montpelier (zip 58472) population
- 2.8% of houses and apartments in Montpelier (zip 58472), 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.