Housing data for Montpelier, IN
Montpelier, IN has an estimated 1,533 residents and 879 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Blackford County.
33.3% of households rent.
The median gross rent is $641 a month.
Figures last updated on .
- Residents
- 1,533 (±323)
- Housing units
- 879 (±165)
- Households that rent
- 33.3%
- Median gross rent
- $641
- Residents since 2015–2019
- −11.8%
What stands out in Montpelier
Working from home: 5.0% (±3.8 points) in Montpelier, lower than in Blackford County (10.1%).
Median real estate taxes: $665 (±$108) in Montpelier, lower than in Blackford County ($873).
Median home value: $86,300 (±$7,279) in Montpelier, lower than in Blackford County ($107,500).
Average commute: 33.9 minutes (±5.3) in Montpelier, higher than in Blackford County (27.1 minutes).
Housing in Montpelier at a glance
- Median rent: $641 median gross rent a month
- Rent by bedrooms: $643 median gross rent, 2 bedrooms
- Rent burden: 47.3% of renters pay 30% or more of income
- Renters and owners: 33.3% of households rent
- Income and affordability: $45,250 median household income
- Home values: $86,300 median home value
- Homeowner costs: $1,035 median monthly cost with a mortgage
- Property taxes: $665 median real estate taxes a year
- Types of homes: 13.0% of homes are in buildings of 5 or more units
- Bedrooms: 62.5% of homes have 3 or more bedrooms
- Age of homes: 69.0% of homes were built before 1980
- Vacancy rate: 14.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 56.3% heat with utility gas
- Commute and cars: 33.9 minutes average trip to work
- Growth: −11.8% residents since 2015–2019
- How long people stay: 29.2% moved in since 2020
- Crowding and facilities: 0.6% of homes have more than 1 person per room (Small sample: wide margin of error)
Montpelier against Blackford County, its state and the nation
| Montpelier | Blackford County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 1,533 (±323) | 11,950 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 879 (±165) | 5,853 (±19) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 33.3% (±7.2 points) | 26.1% (±3.6 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $641 (±$64) | $699 (±$88) | $1,062 (±$5) | $1,413 |
| Median household income | $45,250 (±$6,870) | $51,326 (±$5,560) | $71,957 (±$352) | $80,734 |
| Median home value | $86,300 (±$7,279) | $107,500 (±$11,248) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $665 (±$108) | $873 (±$92) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 69.0% (±10.9 points) | 71.8% (±6.0 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 33.9 minutes (±5.3) | 27.1 minutes (±2.1) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 82.3% (±6.8 points) | 84.7% (±2.9 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 51.1 years (±5.4) | 43.1 years (±1.2) | 38.1 years (±0.2) | 38.9 years |
Montpelier covers 1.5 square miles of land, about 1,024 residents per square mile (Census Bureau Gazetteer).
How Montpelier has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,738 (±271) | 1,533 (±323) | −11.8% | Not a measurable change |
| Housing units | 949 (±114) | 879 (±165) | −7.4% | Not a measurable change |
| Median gross rent | $660 (±$72) | $641 (±$64) | −2.9% | Down after inflation |
| Median home value | $54,600 (±$4,047) | $86,300 (±$7,279) | +58.1% | Up after inflation |
| Median household income | $39,313 (±$6,001) | $45,250 (±$6,870) | +15.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $838 (±$70) | $1,035 (±$114) | +23.5% | No measurable change after inflation |
| Median real estate taxes | $422 (±$75) | $665 (±$108) | +57.6% | Up after inflation |
| Households that rent | 43.5% (±6.7 points) | 33.3% (±7.2 points) | −10.2 percentage points | Measurable decrease |
| Rental vacancy rate | 11.8% (±6.6 points) | 14.0% (±14.8 points) | +2.2 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Montpelier
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Harrison Township (Blackford County) | 1.7 mi | $641 | $105,200 | 23.1% |
| Chester Township (Wells County) | 4.8 mi | — | $213,100 | 3.6% |
| Washington Township (Blackford County) | 5.4 mi | — | $163,000 | 18.6% |
| Jackson Township (Wells County) | 6.8 mi | — | $236,200 | 6.2% |
| Penn Township (Jay County) | 6.9 mi | $936 | $150,000 | 18.7% |
| Hartford City | 8.0 mi | $730 | $83,400 | 34.0% |
| Poneto | 8.2 mi | — | $95,400 | 19.8% |
| Pennville | 8.4 mi | $936 | $84,100 | 31.1% |
Places in Indiana most like Montpelier
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Marengo | $680 | $96,300 | $43,654 | 45.5% |
| Liberty | $698 | $122,000 | $45,500 | 32.5% |
| Liberty Township (Crawford County) | $794 | $103,400 | $49,593 | 35.3% |
| Daleville | $779 | $117,300 | $50,795 | 34.3% |
| English | $692 | $94,700 | $35,991 | 24.5% |
| Lynn | $661 | $83,900 | $38,438 | 27.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Montpelier, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $759 | $775 | $1,014 | $1,373 | $1,589 |
HUD income limits for Montpelier, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $17,850 | $29,700 | $47,500 |
| 2 people | $21,640 | $33,950 | $54,300 |
| 3 people | $27,320 | $38,200 | $61,100 |
| 4 people | $33,000 | $42,400 | $67,850 |
| 5 people | $38,680 | $45,800 | $73,300 |
| 6 people | $44,360 | $49,200 | $78,750 |
| 7 people | $50,040 | $52,600 | $84,150 |
| 8 people | $55,720 | $56,000 | $89,600 |
These are the limits HUD sets for its housing programs in the Blackford County, IN, where HUD’s median family income for fiscal year 2026 is $72,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Montpelier
What is the average rent in Montpelier, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Montpelier is $641 (±$64) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Montpelier?
The median gross rent for a one-bedroom home in Montpelier, IN is $496 (±$45) a month (2020–2024 American Community Survey).
Are renters in Montpelier rent-burdened?
47.3% of renting households in Montpelier pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Montpelier?
Montpelier has an estimated 258 (±80) renting households, 33.3% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Montpelier?
The median household income in Montpelier is $45,250 (±$6,870) a year (2020–2024 American Community Survey).
What is the average home value in Montpelier, IN?
The Census Bureau publishes the median: $86,300 (±$7,279) for owner-occupied homes in Montpelier (2020–2024 American Community Survey).
Is Montpelier growing?
In Montpelier, the number of residents went from 1,738 in 2015–2019 to 1,533 in 2020–2024 (−11.8%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Montpelier city, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Montpelier city, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Montpelier city, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Montpelier city, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Montpelier city, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Montpelier city, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Montpelier city, Indiana
- HUD Fair Market Rents, fiscal year 2027: Blackford County, IN
- HUD Income Limits, fiscal year 2026: Blackford County, IN
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Montpelier city, Indiana (place:50796, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .