Commercial Real Estate Market in Montpelier, ID
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
49 active listings and 256 off-market properties in Montpelier, ID.
Market Trends
Montpelier, ID spans 558.4 square miles in Bear Lake County, Idaho. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Montpelier, ID runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Montpelier, ID runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Montpelier, ID runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Montpelier, ID runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.8%
- Agricultural 11.1%
- Civic 9.4%
- Industrial 6.8%
- Commercial 5%
Largest Zones share of zoned land by district
Medium Low Density Residential District
Low Density Residential District
Agricultural District
Area And Service Business District
Medium Density Residential District
Montpelier, ID zones 1,473 acres across 13 districts. Commercial zoning covers 5% of zoned land, residential 67.8% and industrial 6.8%. The largest single district is Medium Low Density Residential District at 36.7%. For commercial buyers the practical constraint is that only 11.8% of land carries a commercial or industrial designation.
Medium Low Density Residential District (R-4)
The purpose of the R-4 District is to allow increased density while maintaining a more rural appearance.
Market overview
Demographics & Economy
Montpelier, ID has 3,803 residents in 1,806 households. Density runs 7 people per square mile. Median household income here is $60,570 and median gross rent $633 a month.
3,803
Population
1,806
Households
2.1
Avg Household Size
38
Median Age
19%
College-Educated
90%
High-School Grad
558.4 sq mi
ZIP Area
7
Density / Sq Mi
$60,570
Median Household Income
$32,210
Median Earnings
$633
Median Rent
$200,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Montpelier?
Commercial property in Montpelier, ID asks an average of $219 per square foot.
What zoning applies to commercial property in Montpelier?
Montpelier, ID zones 1,473 acres across 13 districts, of which 5% is commercial and 6.8% industrial. The largest single district is Medium Low Density Residential District at 36.7% of zoned land. The purpose of the R-4 District is to allow increased density while maintaining a more rural appearance. Residential zoning covers 67.8% and open space 0%.
Where does Realmo's Montpelier market data come from?
Realmo compiles Montpelier, ID figures from 49 active sale listings, 256 tracked off-market properties, the current Montpelier zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 49 active for-sale and 0 active for-lease listings in Montpelier, ID. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,473 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
