Total monthly cost of ownership
Cost to Own a Home in Montpelier, Idaho
A $186,000 home here costs
$1,425per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $956. The real number is $468 higher every month — 49% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Montpelier against Bear Lake County and Idaho
| Measure | Montpelier | Bear Lake County |
|---|---|---|
| Median home value | $185,600 | $234,200 |
| Median property tax | $1,176 | $1,061 |
| Effective tax rate | 0.634% | 0.453% |
| Median gross rent | $639 | $687 |
| Population | 2,681 | 6,552 |
The weather behind that power bill
Montpelier sits in Bear Lake County, which averages a high of 84.6°F in its hottest month and a low of 6.7°F in its coldest, with 17.89" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 139 cooling and 8,825 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Bear Lake County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bear Lake County
No other places of this size are published in Bear Lake County.
Full Bear Lake County cost breakdown · Every county in Idaho
Common questions
How much does it cost to own a home in Montpelier?
A $186,000 home in Montpelier, Idaho costs approximately $1,425 per month with 20% down at 6.66%. That is $956 principal and interest, $98 property tax, $36 homeowners insurance, $179 utilities and $155 set aside for maintenance.
What is the property tax rate in Montpelier?
Montpelier has an effective property tax rate of 0.634%, based on a median home value of $185,600 and median real estate taxes of $1,176. That is higher than the Bear Lake County average of 0.453%.
What is the average home price in Montpelier?
The median owner-occupied home value in Montpelier, Idaho is $185,600, against $234,200 across Bear Lake County.
Is it cheaper to rent or buy in Montpelier?
Median gross rent in Montpelier is $639 a month, against $1,425 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Montpelier — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Idaho.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.