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2 Beds · 2 Baths · 1,424 Sq. Ft.
Velpen, IN 47590 has a population of approximately 410 and experiences a population change rate of -45.11%. The population density is 10.4 / sq mi .
The median household income for Velpen, IN 47590 is $43,289, with 200 households and an average household size of 2.24.
The median value of a home in Velpen, IN 47590 is $194,300 with an appreciation rate of 13.80%. 85.05% of housing in the state is owned while 8.41% is rented.
The cost of living in Velpen, IN 47590 is 69.7 %.
The unemployment rate in Velpen, IN 47590 is 2.40%, and recent job growth is at 0.02%. Future job growth is projected at 22.54%.
The sales tax rate in Velpen, IN 47590 is 7.00%, while the income tax rate is 3.23% .
School expenditures in Velpen, IN 47590 are $14,484, and the school ratio is 12.2:1.
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.