Versailles town, IN Profile: Facts & Data

Versailles town, Indiana - Basic Facts

The Town of Versailles had a population of 2,239 as of July 1, 2024.

The primary coordinate point for Versailles town is located at latitude 39.0635 and longitude -85.2566 in Ripley County. The formal boundaries for the Town of Versailles encompass a land area of 1.51 sq. miles and a water area of 0 sq. miles.

The Town of Versailles 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 Town of Versailles is located within Township of Johnson, a minor civil division (MCD) of Ripley County.

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

POPULATION
Total Population	2,239 (100%)
Population in Households	2,122 (94.8%)
Population in Families	1,645 (73.5%)
Population in Group Quarters¹	117 ( 5.2%)
Population Density	1,427
Diversity Index²	15


INCOME
Median Household Income	$68,272
Average Household Income	$82,486
% of Income for Mortgage⁴	16%
Per Capita Income	$34,427
Wealth Index⁵	57
Socioeconomic Status Index⁶	Moderate (51.4)

HOUSING
Total HU (Housing Units)	1,052 (100%)
Owner Occupied HU	570 (54.2%)
Renter Occupied HU	362 (34.4%)
Vacant Housing Units	120 (11.4%)
Median Home Value	$177,616
Average Home Value	$174,123
Housing Affordability Index³	158

HOUSEHOLDS
Total Households	932
Average Household Size	2.28
Family Households	529
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,052 (100%)

Owner Occupied HU

570 (54.2%)

Renter Occupied HU

362 (34.4%)

Vacant Housing Units

120 (11.4%)

Median Home Value

$177,616

Average Home Value

$174,123

Housing Affordability Index³

158

HOUSEHOLDS

Total Households

932

Average Household Size

2.28

Family Households

529

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	0.59%	-0.04%
Households	0.10%	0.04%
Families		0.11%
Median Household Income		1.55%
Per Capita Income		2.35%
Owner Occupied HU		0.35%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.59%

-0.04%

Households

0.10%

0.04%

Families

0.11%

Median Household Income

1.55%

Per Capita Income

2.35%

Owner Occupied HU

0.35%

Versailles town, IN - Peer Comparisons by Rank and Percentile

The table below compares Versailles town 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	# 207	79th
Population Density	# 290	70th
Median Household Income	# 521	47th
Housing Affordability Index	# 740	76th
Per Capita Income	# 506	48th
Diversity Index	# 608	38th

Variable Description

Rank

Percentile

Total Population

# 207

79th

Population Density

# 290

70th

Median Household Income

# 521

47th

Housing Affordability Index

# 740

76th

Per Capita Income

# 506

48th

Diversity Index

# 608

38th

Indiana Census Data Comparison Tool

Versailles town, IN Profile: Facts & Data

Versailles town, Indiana - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Versailles town, IN - Peer Comparisons by Rank and Percentile

Versailles town, IN - Most Popular Things to Do

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Ripley County