Quick facts: Montpelier, ID

Quick Facts

101.3
Cost of Living
above US average
2,728
Population
14.66
Crime Rate per 1000
below US average
$50,668
Median Income
below US average
$325,000
Median House Price
above US average
$850.0
Average Rent
below US average
12%
Poverty Rate
above US average
2.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,668.

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Income Needed to Buy

βœ— Stretch
$102k/year
Based on $325,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $102k vs median $50,668
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Income Needed to Rent

βœ“ Affordable
$36k/year
Based on $850.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,668) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Montpelier, ID

Montpelier, located in Bear Lake County, Idaho, serves as the county seat and is a charming small town renowned for its scenic beauty and outdoor recreational opportunities. Nestled at the base of the Bear River Mountain Range, Montpelier has a population of around 2,600 residents, giving it a close-knit community atmosphere. The town has a rich history, initially established as a trading post and seeing significant growth during the early 1900s. Montpelier is perhaps best known for its role as a hub for the Bear Lake Valley and is often referred to as the "Bear Lake Monster" capital, drawing numerous tourists intrigued by the local folklore. Outdoor enthusiasts can enjoy activities such as fishing, hiking, and camping in the surrounding natural areas, including the nearby Bear Lake, famous for its stunning turquoise waters. The surrounding mountains also offer excellent opportunities for winter sports. Montpelier's vibrant Main Street features a mix of local shops, restaurants, and historical sites that reflect its heritage, including the historic Montpelier Tabernacle and the Bear Lake County Historical Museum, making it an inviting destination for visitors and residents alike.

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