Montpelier, VA—23192
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montpelier, VA
As of Oct '25, the median home price in Montpelier, VA is $456,000, with a year-over-year change of 0.8%. This indicates that home prices in Montpelier, VA are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $456,000 | 0.8% |
| Single Family | $456,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $275,000 | -0.7% |
3 Bed | $404,000 | 1.3% |
4 Bed | $630,000 | 2.8% |
| 5 Bed | $813,000 | 2.3% |
% of Housing Stock
Rental Trends — Montpelier, VA
As of July '25, Rentcast reports the average rent in Montpelier, VA is $1,400, with a year-over-year rent change of -39.1%. Per bedroom, the median rent as of July '25 in Montpelier, VA is 2-bedrooms: $1,400. The most common rental property sizes in Montpelier, VA are 3-bedroom and 2-bedroom, accounting for 37.6% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Montpelier, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Montpelier, VA is 24. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $729,000 | -2.0% |
Listing Count | 39 | 23.0% |
| Listings as % of Homes | 0.6% | 23.0% |
Days on Market | 24 | -21.0% |
Demographics — Montpelier, VA
As of the latest ACS Survey released in 2023, Montpelier, VA has a population of 6,440, which has decreased by -5.6% over the past 5 years. Montpelier, VA is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 31.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,440 | -5.6% |
% Under 18 | 22.8% | 9.1% |
% Seniors | 17.5% | 0.0% |
% WFH | 13.6% | 4.6% |
% w/ College Degree | 31.8% | 4.6% |
As of the latest ACS Survey released in 2023, Montpelier, VA is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Montpelier, VA is black, making up 10.8% of the population. Foreign-born residents account for 7.1% of the population in Montpelier, VA, and this percentage has increased by 163.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.3% | -1.6% |
% Black | 10.8% | -16.3% |
% Hispanic | 6.3% | 293.8% |
% Asian | 0.8% | -38.5% |
% Foreign Born | 7.1% | 163.0% |
Mortgage and Risk — Montpelier, VA
According to HUD data as of 2023, there were 134 mortgage originations in Montpelier, VA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Montpelier, VA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 134 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Montpelier, VA
Montpelier, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | -$20 | $1,400 | $1,380 |
| 3 Bedroom | N/A | N/A | $1,770 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Montpelier, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $456,000 |
| Median Household Income | $98,700 |