Commercial Real Estate Market in Montpelier, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 158 off-market properties in Montpelier, IN.
Market Trends
Montpelier, IN spans 56.9 square miles in Blackford County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montpelier, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Montpelier, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Montpelier, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Montpelier, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 54.6%
- Residential 35.7%
- Commercial 8.3%
- Agricultural 1.4%
Largest Zones share of zoned land by district
Industrial
Residential
Residential
Business
Industrial
Montpelier, IN zones 815 acres across 10 districts. Commercial zoning covers 8.3% of zoned land, residential 35.7% and industrial 54.6%. The largest single district is Industrial at 51.5%. For commercial buyers the practical constraint is that only 62.8% of land carries a commercial or industrial designation.
Residential (R-3)
R-3 RESIDENTIAL B-1 BUSINESS B-2 BUSINESS B-3 BUSINESS I-1 INDUSTRIAL I-2 INDUSTRIAL 203 DISTRICT BOUNDARIES: DISTRICT BOUNDARIES SHOWN WITHIN THE LINES OF STREETS, STREAMS, AND TRANSPORTATION RIGHTS-OF-WAY, SHALL BE DEEMED TO FOLLOW THEIR CENTERLINES. THE VACATION OF STREETS SHALL NOT AFFECT THE LOCATION OF SUCH DISTRICT BOUNDARIES. WHEN THE ZONING ADMINIST…
Market overview
Demographics & Economy
Montpelier, IN has 2,744 residents in 1,530 households. Density runs 48 people per square mile. Median household income here is $67,308 and median gross rent $727 a month.
2,744
Population
1,530
Households
1.8
Avg Household Size
43
Median Age
7%
College-Educated
90%
High-School Grad
56.9 sq mi
ZIP Area
48
Density / Sq Mi
$67,308
Median Household Income
$35,975
Median Earnings
$727
Median Rent
$112,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Keystone | — | — |
| Roll | — | — |
| Trenton | — | — |
| Pennville | — | — |
Commercial property in Montpelier, IN asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Montpelier?
Commercial property in Montpelier, IN asks an average of $64 per square foot.
What zoning applies to commercial property in Montpelier?
Montpelier, IN zones 815 acres across 10 districts, of which 8.3% is commercial and 54.6% industrial. The largest single district is Industrial at 51.5% of zoned land. Residential zoning covers 35.7% and open space 0%.
Where does Realmo's Montpelier market data come from?
Realmo compiles Montpelier, IN figures from 6 active sale listings, 158 tracked off-market properties, the current Montpelier zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Montpelier, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 815 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
