Montpelier, VT Real Estate
According to census data in the year 2000 there were 3,899 housing units in Montpelier.
This represents a 3.4% growth from 3,769 in 1990.
Of those housing units, 3,710 were located in either urbanized areas or urban clusters, and 189 were located in what is classified as a rural area.
Homeownership rate in Montpelier is about 54.2%.
Montpelier's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Montpelier were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 21.40% |
| Two Bedrooms | 23.90% |
| Three Bedrooms | 33.20% |
| Four Bedrooms | 13.60% |
| Five Bedrooms or more | 5.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $109,500 |
| Median Price asked for vacant units | $87,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.58 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $519 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5% |
| Home Equity Loan | 8.30% |
| Simple Mortgage | 57.50% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
