Market Overview
Home Prices in Montpelier, ID
The median home value in Montpelier, ID is $296,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.9% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montpelier are priced28% below average.
Over the past five years, Montpelier home values have risen by approximately26.7%, reflecting strong long-term appreciation in this market.
Price History
Montpelier Home Price Trend
2020
$180,233
$180K
—
2021
$233,839
$234K
+29.7%
2022
$301,417
$301K
+28.9%
2023
$295,862
$296K
-1.8%
2024
$299,068
$299K
+1.1%
2025
$305,157
$305K
+2.0%
2026
$296,309
$296K
-2.9%
City Comparison
Montpelier vs. National Median
🏠 Montpelier
$296,309
National Median
$410,000
At $296,309, homes in Montpelier cost 28% below the national median of $410,000. This makes Montpelier a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montpelier?
20% Down Payment
$59,262
on $296,309
Monthly P&I
$1,545/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,962/mo
incl. taxes & insurance
Income Needed
$78,480
gross annual (30% rule)
10% Down Option
$29,631
+ PMI applies
Loan Amount (20% dn)
$237,047
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Montpelier, ID?
The median home value in Montpelier is $296,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.9% year-over-year.
How much have home prices changed in Montpelier?
Over the past year, home values in Montpelier have decreased by 2.9%. Over five years, prices have risen approximately 26.7%.
How much do I need to earn to buy a home in Montpelier?
To comfortably afford the median home price of $296,309 with a 20% down payment ($59,262) at today's rates (6.8%), you'd need a gross annual income of approximately $78,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Montpelier compare to the national average home price?
The national median home value is approximately $410,000. At $296,309, homes in Montpelier are 28% below the national average.