Clark County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Clark County IN was $879 in 2019 according to the Census ACS survey.1 Average gross rent in Clark County was $805 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 Clark County median and average rent data will be released in September of 2021.
Data is also available below for Clark County rental vacancy rates, Clark County rent as a percent of median income and the fraction of renters in Clark County.
Real Gross Rent in Clark 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% |
| Clark County IN Median Gross Rent | $879 | +4.27% | +10.98% |
Clark County IN Real Gross Rent Trends
At $879, real median gross rent in Clark County was at its highest level in 2019 since the series began in 2005. Average gross rent for Clark County peaked in real terms in 2013 at $855 and is now $50 (5.85%) lower.
Real Gross Rent: Clark County IN Median, Clark County IN Average, Indiana Median, US Median
Real Gross Rent History for Clark County
| Date | US Median |
Indiana Median |
Clark County IN Median |
Clark County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $879 | $805 |
| 2018 | $1,077 | $835 | $843 | $824 |
| 2017 | $1,043 | $818 | $823 | $809 |
| 2016 | $1,027 | $804 | $792 | $749 |
| 2015 | $1,017 | $804 | $875 | $849 |
| 2014 | $986 | $795 | $777 | $796 |
| 2013 | $953 | $769 | $806 | $855 |
| 2012 | $940 | $761 | $756 | $755 |
| 2011 | $941 | $764 | $767 | $745 |
| 2010 | $955 | $763 | $767 | $764 |
| 2009 | $960 | $783 | $801 | $773 |
| 2007 | $927 | $750 | $723 | $698 |
| 2005 | $910 | $769 | $761 | $735 |
Clark 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 Clark County Indiana was 14.06% according to Census ACS data.
Rental Vacancy Rate in Clark County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Clark County IN | 14.06% | +4.81% | +4.33% |
Trends in Clark County IN Rental Vacancy Rate
The rental vacancy rate in Clark County peaked in 2013 at 14.25%. Since then it has fallen by 0.19% to 14.06%. Data records for this series originated in 2005. From a 2014 post peak low of 4.94%, the rental vacancy rate has increased by 9.12%.
Rental Vacancy Rate: Clark County IN, Indiana, US
Historical Rental Vacancy Rate data for Clark County
| Date | US | Indiana | Clark County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 14.06% |
| 2018 | 6.15% | 6.59% | 9.25% |
| 2017 | 6.18% | 7.14% | 8.71% |
| 2016 | 5.89% | 6.96% | 9.73% |
| 2015 | 5.85% | 7.94% | 7.22% |
| 2014 | 6.32% | 8.09% | 4.94% |
| 2013 | 6.49% | 7.00% | 14.25% |
| 2012 | 6.77% | 8.43% | 12.10% |
| 2011 | 7.40% | 8.47% | 9.81% |
| 2010 | 8.17% | 8.78% | 8.09% |
| 2009 | 8.43% | 10.44% | 6.41% |
| 2007 | 7.87% | 9.72% | 8.92% |
| 2005 | 7.74% | 10.67% | — |
Rent as a Fraction of Income
Using median household income data for Clark County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clark County, median monthly gross rent as a fraction of median household income was 17.86% in 2019 according to the ACS.
Clark 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% |
| Clark County IN | 17.86% | +0.21% | +0.21% |
Trends in Clark County IN Rent as a Fraction of Income
The fraction of median Clark County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.10%. Since then it has fallen by 1.24% to 17.86%.
Fraction of Income towards Rent: Clark County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Clark County Indiana
| Date | US | Indiana | Clark County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 17.86% |
| 2018 | 20.50% | 17.65% | 17.65% |
| 2017 | 20.13% | 17.56% | 18.40% |
| 2016 | 20.43% | 17.62% | 17.65% |
| 2015 | 20.63% | 18.00% | 19.10% |
| 2014 | 20.89% | 18.27% | 16.77% |
| 2013 | 20.78% | 18.43% | 18.09% |
| 2012 | 20.65% | 18.27% | 17.04% |
| 2011 | 20.70% | 18.27% | 16.24% |
| 2010 | 20.50% | 18.37% | 18.67% |
| 2009 | 20.12% | 18.15% | 17.36% |
| 2007 | 18.66% | 16.14% | 16.60% |
| 2005 | 18.89% | 16.78% | 17.34% |
Renter Fraction in Clark County Indiana
You can calculate the renter fraction in Clark 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 Clark County as a fraction of total Clark County households. In 2019 25.51% of households were renters according to Census ACS data.
Clark 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% |
| Clark County IN | 25.51% | -4.83% | -5.44% |
Trends in the Clark County IN Renter Fraction
The Clark County household renter fraction peaked in in 2016 at 30.95% and is now 5.44% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Clark County IN, Indiana, US
History of Clark County Renter Fraction
| Date | US | Indiana | Clark County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 25.51% |
| 2018 | 36.05% | 31.06% | 30.34% |
| 2017 | 36.13% | 30.96% | 28.00% |
| 2016 | 36.88% | 31.65% | 30.95% |
| 2015 | 36.97% | 31.82% | 29.48% |
| 2014 | 36.90% | 31.42% | 30.93% |
| 2013 | 36.50% | 31.48% | 26.09% |
| 2012 | 36.09% | 30.62% | 26.37% |
| 2011 | 35.42% | 30.28% | 29.93% |
| 2010 | 34.65% | 29.71% | 28.98% |
| 2009 | 34.13% | 29.57% | 29.71% |
| 2007 | 32.80% | 28.37% | 29.74% |
| 2005 | 33.10% | 28.00% | 29.95% |
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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