Velpen, IN
Population 23 · Indiana
About Velpen, IN
Velpen is a small community located in Indiana with a population of 23 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 0 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Velpen features a median home value of $0, which is 100% below the national median of $244,900. This makes Velpen one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 10 total housing units, 100% are owner-occupied (10 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Velpen shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Velpen have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Velpen residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Velpen, IN
Compared to national averages, Velpen has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Velpen's income is 100% below the state average of $69,330, and home values are 100% below the state median of $163,409.
Why Live in Velpen, IN?
Velpen offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Velpen’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Velpen has a population of 23 with a median age of 0 years. Compare Velpen with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Velpen
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Lisbon | 23 | $0 | $0 | Compare |
| Boone Grove | 24 | $0 | $0 | Compare |
| Hamburg | 22 | $0 | $0 | Compare |
| Rainsville | 21 | $0 | $0 | Compare |
| Heltonville | 20 | $0 | $0 | Compare |
| Metz | 26 | $0 | $0 | Compare |
| New Marion | 26 | $0 | $0 | Compare |
| Sandusky | 26 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Velpen With Other Cities
Frequently Asked Questions about Velpen
What is the population of Velpen, IN?
The population of Velpen, IN is 23 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Velpen?
The median household income in Velpen, IN is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Velpen?
The median home value in Velpen, IN is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Velpen?
The median monthly rent in Velpen, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Velpen?
The unemployment rate in Velpen, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Velpen, IN a good place to live?
Velpen offers a moderate cost of living, affordable housing, and a strong job market. With a population of 23 and a median age of 0, the city appeals to young professionals and families.
How educated is Velpen, IN?
0.0% of residents in Velpen aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Velpen?
Key cost-of-living indicators for Velpen, IN: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Velpen?
The poverty rate in Velpen, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Velpen, IN?
Velpen's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.