Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.9 yrs |
|---|---|
| Avg HH Size | 2.82 |
| Below Poverty | 4.7% ▼ 53% below avg |
| College Grads | 42.2% ▲ 9% above avg |
| Unemployment | 2.0% ▼ 60% below avg |
| No HS Diploma | 95 (2.3%) |
| HS Graduate | 1,114 (26.8%) |
| Some College | 663 (16%) |
| Associates | 529 (12.7%) |
| Bachelors | 348 (8.4%) |
| Graduate Degree | 1,403 (33.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $98,682 ▲ 29% above avg |
|---|---|
| Median Home Value | $368,500 ▲ 32% above avg |
| Home/Income Ratio | 3.7x (nat avg ~3.5x) |
| Median Rent | $1,107/mo |
| Total Housing Units | 2,428 |
| Vacant Units | 147 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Montpelier is a city in Virginia, located in Hanover County. The city spans 1 ZIP code and is home to approximately 6,445 residents. It is a middle-aged city, with a median age of 39.9 years.
Economically, Montpelier is a middle-income community. The median household income of $98,682 is above the national average. Approximately 4.7% of residents live below the poverty line. The unemployment rate is 2.0%, well below the national average.
The real estate market in Montpelier is a mid-range housing market. Median home values stand at $368,500, which is above the national average. Renters typically pay around $1,107 per month. Homeownership is high at 84.3%, typical of suburban and family-oriented communities.
The population of Montpelier is well-educated. 42.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (81.26%).
Montpelier, VA offers residents above-average earning potential within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 23192 | 6,445 | $98,682 | $368,500 | $1,107 | 2.0% | 42.2% | 84.3% |