Montpelier, OH Real Estate
According to census data in the year 2000 there were 1,841 housing units in Montpelier.
This represents a 4.5% growth from 1,761 in 1990.
Of those housing units, 1,807 were located in either urbanized areas or urban clusters, and 34 were located in what is classified as a rural area.
Homeownership rate in Montpelier is about 67.6%.
Montpelier's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Montpelier were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 11.80% |
| Two Bedrooms | 23.10% |
| Three Bedrooms | 53.30% |
| Four Bedrooms | 8.70% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $66,600 |
| Median Price asked for vacant units | $79,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1946 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 46.40% |
| Debt Free | 44% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
