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 Type | 0.60% |
| One Bedroom | 12.80% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 44.10% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $46,600 |
| Median Price asked for vacant units | $29,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $293 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 2.70% |
| Simple Mortgage | 52.50% |
| Debt Free | 40.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
