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Home values, rents and more in ZIP code 47359 (Montpelier, IN)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$154,000
Indiana: $257,000 · U.S.: $366,000
Home values, past year
+7.1%
Indiana: +2.9% · U.S.: +1.2%
Population
3,528
ACS 2020–24
Median household income
$71,607
Indiana: $71,957 · U.S.: $80,734
ZIP codes around 47359, shaded by typical home value4735947348473714679247326473694699146989467594678146766
  • Under $150k
  • $150k–$170k
  • $170k–$230k
  • $230k–$250k
  • $250k+
  • No data
ZIP codes around 47359, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 47359 is outlined.

How 47359 compares

The typical home in ZIP code 47359 (Montpelier, IN) is worth about $154,000, according to the Zillow Home Value Index for September 2026. Home values in 47359 are 40% below the typical value in Indiana ($257,000) and 58% below the U.S. typical value ($366,000).

Over the past year, home values in 47359 rose 7.1%, compared with +2.9% in Indiana and +1.2% nationally.

The median household income is $71,607, against $71,957 in Indiana and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 3,528 people live in 47359 (American Community Survey 2020–24).

47359 has the 64th-lowest typical home value of the 697 ZIP codes in Indiana with Zillow figures.

Part of: Montpelier, IN · Blackford County, IN · Indiana

More for 47359 in ProMap Plus

These measures are on the map for subscribers. Open ProMap to see them for 47359 and every other place.

  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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