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Montpelier, IN Real Estate


According to census data in the year 2000 there were 907 housing units in Montpelier. This represents a 7.8% growth from 841 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 907 were located in what is classified as a rural area.

Homeownership rate in Montpelier is about 67.9%. Montpelier's vacancy rate, including seasonal lodging, is about 12.5%. Average household size is 2.36 people.

The majority of houses, apartments or condos in Montpelier were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom12.80%
Two Bedrooms30.40%
Three Bedrooms44.10%
Four Bedrooms9.50%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1945
Median Value of occupied units$46,600
Median Price asked for vacant units$29,400

Rented Homes, Apartments and Condos

Average Household Size1.9
Median year structure was built1969
Median Monthly Rent asked for vacant units$293

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan2.70%
Simple Mortgage52.50%
Debt Free40.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.7%