Montpelier is an unincorporated community in Hanover County in the central region of the U.S. state of Virginia. Montpelier is on U.S. Route 33, which was long named as "the Mountain Road" between Richmond and the Blue Ridge Mountains. The community is located midway between Richmond and President James Madison's home "Montpelier", and m…Montpelier is an unincorporated community in Hanover County in the central region of the U.S. state of Virginia. Montpelier is on U.S. Route 33, which was long named as "the Mountain Road" between Richmond and the Blue Ridge Mountains. The community is located midway between Richmond and President James Madison's home "Montpelier", and may have been named for the famous estate, which is a tourist attraction.