Search results
Oct 27, 2024 · How much does it cost to rent a house in Indiana? Houses in Indiana rent between $100 - $84,900 with a median rent of $1,400. 3. How has the rent in Indiana changed in the last year? The median rent price in Indiana for October 2024 is $1,400. This is $54 more than October 2023.
The lowest FMR for a two-bedroom apartment is $863 in Adams County, Blackford County, and 28 others. Indiana ($1,001) has a 17.1% lower FMR for 2-Bedroom housing than the average of the US ($1,208) and therefore has a lower gross rent. Indiana is rank 73rd out of 112 States and territories. This means the FMRs, or in other words, the gross rent ...
3BR. $1,5281. 4BR. As of 2024, the overall average fair market rent for a residential rental property in Indiana is $1,116. Average rent prices in Indiana sit below the national average rent of $1,274, in which Indiana ranks as the as the 13th lowest rent among all 50 states and the 38th highest rent among all 50 states within the United States.
Sep 9, 2024 · In March 2024, Indiana rental prices increased $61 compared to last month. $1,190. +5.34% month over month. Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 $800 $1,000 $1,200 $1,400.
- Indiana Rental Vacancy Rate
- Trends in Indiana Rental Vacancy Rate
- Indiana Rent as A Fraction of Income
- Trends in Indiana Rent as A Fraction of Income
- Renter Fraction in Indiana
- Trends in The Indiana Renter Fraction
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Indiana was 6.89%according to Census ACS data.
The rental vacancy rate in Indiana peaked in 2006 at 11.17%. Since then it has fallen by 4.28% to 6.89%. Data records for this series originated in 2005. From a 2018 post peak low of 6.59%, the rental vacancy rate has increased by 0.30%.
Using median household income data for Indiana, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Indiana, median monthly gross rent as a fraction of median household income was 17.50% in 2019according to the ACS.
The fraction of median Indiana household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.43%. Since then it has fallen by 0.93% to 17.50%.
You can calculate the renter fraction in Indiana in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Indiana as a fraction of total Indiana households. In 2019 30.69% of households were rentersaccording to Census ACS data.
The Indiana household renter fraction peaked in in 2015 at 31.82% and is now 1.13% below that level. The origin year for the series is 2005.
- Indiana Average
As of November 2024, the average rent in Indiana is $1,074/month. When you rent an apartment in Indiana, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $941 per month for a studio, $1,074 for a one-bedroom ...
People also ask
What is the median monthly rent in Indiana?
How much does it cost to rent a house in Indiana?
What is the rental vacancy rate in Indiana?
How much does a renter make in Indianapolis?
What is the cash rent per acre in Indiana?
What is the average monthly gross rent in the US?
This rental market report examines rent prices for five of the most analyzed cities on Rentometer and five cities with the lowest GRM in Indiana in Q1 2023. Summary - Year-Over-Year Rent Change This rental market report highlights the average rent prices of three-bedroom (3-BR) single-family rentals (SFRs) for Q1 2023 in these five Indiana cities: Fort Wayne, Indianapolis, Noblesville, South ...
