Montpelier, IN Profile: Facts & Data

Montpelier, Indiana - Basic Facts

The City of Montpelier had a population of 1,475 as of July 1, 2024.

The primary coordinate point for Montpelier is located at latitude 40.5539 and longitude -85.2775 in Blackford County. The formal boundaries for the City of Montpelier encompass a land area of 1.54 sq. miles and a water area of 0 sq. miles. Blackford County is in the Eastern time zone (GMT -5).

The City of Montpelier has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Montpelier is located within Township of Harrison, a minor civil division (MCD) of Blackford County.

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Montpelier, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,475 (100%)
Population in Households	1,475 (100.0%)
Population in Families	1,179 (79.9%)
Population in Group Quarters¹	0
Population Density	985
Diversity Index²	18


INCOME
Median Household Income	$55,040
Average Household Income	$78,512
% of Income for Mortgage⁴	12%
Per Capita Income	$35,557
Wealth Index⁵	69
Socioeconomic Status Index⁶	Moderate (51.2)

HOUSING
Total HU (Housing Units)	776 (100%)
Owner Occupied HU	484 (62.4%)
Renter Occupied HU	184 (23.7%)
Vacant Housing Units	108 (13.9%)
Median Home Value	$102,586
Average Home Value	$146,643
Housing Affordability Index³	211

HOUSEHOLDS
Total Households	668
Average Household Size	2.21
Family Households	403
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

776 (100%)

Owner Occupied HU

484 (62.4%)

Renter Occupied HU

184 (23.7%)

Vacant Housing Units

108 (13.9%)

Median Home Value

$102,586

Average Home Value

$146,643

Housing Affordability Index³

211

HOUSEHOLDS

Total Households

668

Average Household Size

2.21

Family Households

403

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.01%	-0.03%
Households	-0.42%	0.06%
Families		-0.50%
Median Household Income		2.22%
Per Capita Income		3.26%
Owner Occupied HU		-0.25%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-1.01%

-0.03%

Households

-0.42%

0.06%

Families

-0.50%

Median Household Income

2.22%

Per Capita Income

3.26%

Owner Occupied HU

-0.25%

Montpelier, IN - Peer Comparisons by Rank and Percentile

The table below compares Montpelier to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 279	72nd
Population Density	# 452	54th
Median Household Income	# 796	19th
Housing Affordability Index	# 918	94th
Per Capita Income	# 453	54th
Diversity Index	# 455	53rd

Variable Description

Rank

Percentile

Total Population

# 279

72nd

Population Density

# 452

54th

Median Household Income

# 796

19th

Housing Affordability Index

# 918

94th

Per Capita Income

# 453

54th

Diversity Index

# 455

53rd

Indiana Census Data Comparison Tool

Montpelier, IN Profile: Facts & Data

Montpelier, Indiana - Basic Facts

Montpelier, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Montpelier, IN - Peer Comparisons by Rank and Percentile

Montpelier, IN - Most Popular Things to Do

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Blackford County