The median home value in Velpen, IN is $194,300. This is higher than the county median home value of $141,900. The national median home value is $338,100. The average price of homes sold in Velpen, IN is $194,300. Approximately 85.05% of Velpen homes are owned, compared to 8.41% rented, while 6.54% are vacant. Velpen real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Velpen real estate agent to arrange a tour today!
Velpen, Indiana has a population of 410. Velpen is less family-centric than the surrounding county with 24.62% of the households containing married families with children. The county average for households married with children is 28.83%.
The median household income in Velpen, Indiana is $43,289. The median household income for the surrounding county is $57,283 compared to the national median of $69,021. The median age of people living in Velpen is 42.7 years.
The average high temperature in July is 86.9 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.7 inches per year, with 9.6 inches of snow per year.