Allen County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Allen County IN was $783 in 2019 according to the Census ACS survey.1 Average gross rent in Allen County was $794 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Allen County median and average rent data will be released in September of 2021.
Data is also available below for Allen County rental vacancy rates, Allen County rent as a percent of median income and the fraction of renters in Allen County.
Real Gross Rent in Allen County Indiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Indiana Median Gross Rent | $840 | +0.60% | +4.48% |
| Allen County IN Median Gross Rent | $783 | +0.26% | +5.67% |
Allen County IN Real Gross Rent Trends
At $783, real median gross rent in Allen County was at its highest level in 2019 since the series began in 2005. At $794, real average gross rent in Allen County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Allen County IN Median, Allen County IN Average, Indiana Median, US Median
Real Gross Rent History for Allen County
| Date | US Median |
Indiana Median |
Allen County IN Median |
Allen County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $783 | $794 |
| 2018 | $1,077 | $835 | $781 | $787 |
| 2017 | $1,043 | $818 | $764 | $760 |
| 2016 | $1,027 | $804 | $741 | $758 |
| 2015 | $1,017 | $804 | $766 | $773 |
| 2014 | $986 | $795 | $699 | $709 |
| 2013 | $953 | $769 | $704 | $686 |
| 2012 | $940 | $761 | $691 | $715 |
| 2011 | $941 | $764 | $701 | $687 |
| 2010 | $955 | $763 | $689 | $698 |
| 2009 | $960 | $783 | $707 | $696 |
| 2007 | $927 | $750 | $706 | $713 |
| 2005 | $910 | $769 | $738 | $748 |
Allen County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Allen County Indiana was 7.12% according to Census ACS data.
Rental Vacancy Rate in Allen County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Allen County IN | 7.12% | -0.49% | +0.39% |
Trends in Allen County IN Rental Vacancy Rate
The rental vacancy rate in Allen County peaked in 2009 at 14.66%. Since then it has fallen by 7.54% to 7.12%. Data records for this series originated in 2005. From a 2016 post peak low of 6.73%, the rental vacancy rate has increased by 0.39%.
Rental Vacancy Rate: Allen County IN, Indiana, US
Historical Rental Vacancy Rate data for Allen County
| Date | US | Indiana | Allen County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 7.12% |
| 2018 | 6.15% | 6.59% | 7.61% |
| 2017 | 6.18% | 7.14% | 9.16% |
| 2016 | 5.89% | 6.96% | 6.73% |
| 2015 | 5.85% | 7.94% | 7.43% |
| 2014 | 6.32% | 8.09% | 8.09% |
| 2013 | 6.49% | 7.00% | 6.96% |
| 2012 | 6.77% | 8.43% | 12.77% |
| 2011 | 7.40% | 8.47% | 12.95% |
| 2010 | 8.17% | 8.78% | 11.81% |
| 2009 | 8.43% | 10.44% | 14.66% |
| 2007 | 7.87% | 9.72% | 11.22% |
| 2005 | 7.74% | 10.67% | 13.09% |
Rent as a Fraction of Income
Using median household income data for Allen County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Allen County, median monthly gross rent as a fraction of median household income was 16.62% in 2019 according to the ACS.
Allen County Indiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Indiana | 17.50% | -0.15% | -0.12% |
| Allen County IN | 16.62% | -0.34% | +0.02% |
Trends in Allen County IN Rent as a Fraction of Income
The fraction of median Allen County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 17.84%. Since then it has fallen by 1.21% to 16.62%.
Fraction of Income towards Rent: Allen County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Allen County Indiana
| Date | US | Indiana | Allen County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 16.62% |
| 2018 | 20.50% | 17.65% | 16.96% |
| 2017 | 20.13% | 17.56% | 16.94% |
| 2016 | 20.43% | 17.62% | 16.60% |
| 2015 | 20.63% | 18.00% | 17.41% |
| 2014 | 20.89% | 18.27% | 16.37% |
| 2013 | 20.78% | 18.43% | 17.84% |
| 2012 | 20.65% | 18.27% | 15.93% |
| 2011 | 20.70% | 18.27% | 16.42% |
| 2010 | 20.50% | 18.37% | 15.74% |
| 2009 | 20.12% | 18.15% | 15.72% |
| 2007 | 18.66% | 16.14% | 15.11% |
| 2005 | 18.89% | 16.78% | 15.61% |
Renter Fraction in Allen County Indiana
You can calculate the renter fraction in Allen County 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 Allen County as a fraction of total Allen County households. In 2019 30.30% of households were renters according to Census ACS data.
Allen County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Indiana | 30.69% | -0.37% | -0.96% |
| Allen County IN | 30.30% | -0.33% | -2.16% |
Trends in the Allen County IN Renter Fraction
The Allen County household renter fraction peaked in in 2017 at 32.63% and is now 2.33% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Allen County IN, Indiana, US
History of Allen County Renter Fraction
| Date | US | Indiana | Allen County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 30.30% |
| 2018 | 36.05% | 31.06% | 30.63% |
| 2017 | 36.13% | 30.96% | 32.63% |
| 2016 | 36.88% | 31.65% | 32.46% |
| 2015 | 36.97% | 31.82% | 32.58% |
| 2014 | 36.90% | 31.42% | 31.47% |
| 2013 | 36.50% | 31.48% | 31.50% |
| 2012 | 36.09% | 30.62% | 30.86% |
| 2011 | 35.42% | 30.28% | 30.71% |
| 2010 | 34.65% | 29.71% | 29.89% |
| 2009 | 34.13% | 29.57% | 30.02% |
| 2007 | 32.80% | 28.37% | 28.31% |
| 2005 | 33.10% | 28.00% | 28.59% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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