Montverde, FL Profile: Facts & Data

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Montverde, Florida - Basic Facts

The Town of Montverde had a population of 1,843 as of July 1, 2023.

The primary coordinate point for Montverde is located at latitude 28.6003 and longitude -81.674 in Lake County. The formal boundaries for the Town of Montverde encompass a land area of 1.68 sq. miles and a water area of 0.21 sq. miles. Lake County is in the Eastern time zone (GMT -5).

The Town of Montverde has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Montverde is located within Clermont CCD of Lake County.


Jump to... (On This Page!)
  1. Montverde 2023 Demographic Data
  2. Growth Rates for Montverde (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2023 Demographics
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Montverde, FL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,843 (100%)
Population in Households 1,843 (100.0%)
Population in Families 1,467 (79.6%)
Population in Group Quarters1 0
Population Density 995
Diversity Index2 50
 
 

INCOME

Median Household Income $84,169
Average Household Income $127,611
% of Income for Mortgage4 30%
Per Capita Income $50,823
Wealth Index5 149
Socioeconomic Status Index6 Moderate (57.2)
 

HOUSING

Total HU (Housing Units) 832 (100%)
Owner Occupied HU 639 (76.8%)
Renter Occupied HU 95 (11.4%)
Vacant Housing Units 98 (11.8%)
Median Home Value $416,558
Average Home Value $476,761
Housing Affordability Index3 83
 

HOUSEHOLDS

Total Households 734
Average Household Size 2.51
Family Households 487
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 3.37% 7.44%
Households 4.46% 8.11%
Families   7.56%
Median Household Income   2.21%
Per Capita Income   2.58%
Owner Occupied HU   9.26%

Montverde, FL - Peer Comparisons by Rank and Percentile

The table below compares Montverde to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 700 27th
Population Density # 615 36th
Median Household Income # 211 78th
Housing Affordability Index # 389 41st
Per Capita Income # 200 79th
Diversity Index # 574 40th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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