Montpelier, IN
Full City Profile · Indiana · Blackford County County
3.3
/5.0
B
Good
1,444
Population
963/sq mi density
$42,833
Median Income
$30,393 per capita
$77,100
Home Value
$157,592 Zillow
$649
Median Rent
33.0% income on rent
51°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$42,833 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$77,100 home value, $649/mo rent
D
Education
1.6 / 5.0
7.9% bachelor's degree or higher
Housing Overview
Median Home Value
$77,100
73% below
US avg: $281,900
Median Rent
$649/mo
44% below
US avg: $1,163/mo
Homeownership Rate
64.2%
2% below US avg (65.4%)
Total Housing Units
856
Median year built: 1964
Home Value by Source
Census Median
$77,100
Zillow (ZHVI)
$157,592
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.2%
Owner-Occupied
35.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$649/mo
Affordability & Housing Stock
Rent Burden
33.0%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
64.2%
Complete Housing Data
Home Values
| Census Median Value | $77,100 |
| Zillow Home Value (ZHVI) | $157,592 |
Rent
| Census Median Rent | $649 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 64.2% |
| Renter-Occupied | 35.8% |
| Homeownership Rate | 64.2% |
| Total Housing Units | 856 |
| Median Year Built | 1964 |
| Rent Burden | 33.0% |