Johnson County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Johnson County IN was $957 in 2019 according to the Census ACS survey.1 Average gross rent in Johnson County was $942 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 Johnson County median and average rent data will be released in September of 2021.
Data is also available below for Johnson County rental vacancy rates, Johnson County rent as a percent of median income and the fraction of renters in Johnson County.
Real Gross Rent in Johnson 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% |
| Johnson County IN Median Gross Rent | $957 | +5.63% | +2.46% |
Johnson County IN Real Gross Rent Trends
At $957, real median gross rent in Johnson County was at its highest level in 2019 since the series began in 2005. Average gross rent for Johnson County peaked in real terms in 2006 at $969 and is now $27 (2.79%) lower.
Real Gross Rent: Johnson County IN Median, Johnson County IN Average, Indiana Median, US Median
Real Gross Rent History for Johnson County
| Date | US Median |
Indiana Median |
Johnson County IN Median |
Johnson County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $957 | $942 |
| 2018 | $1,077 | $835 | $906 | $965 |
| 2017 | $1,043 | $818 | $942 | $954 |
| 2016 | $1,027 | $804 | $934 | $953 |
| 2015 | $1,017 | $804 | $922 | $948 |
| 2014 | $986 | $795 | $861 | $848 |
| 2013 | $953 | $769 | $872 | $884 |
| 2012 | $940 | $761 | $869 | $924 |
| 2011 | $941 | $764 | $910 | $865 |
| 2010 | $955 | $763 | $896 | $878 |
| 2009 | $960 | $783 | $863 | $862 |
| 2007 | $927 | $750 | $865 | $831 |
| 2005 | $910 | $769 | $825 | $826 |
Johnson County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Johnson County Indiana was 5.53% according to Census ACS data.
Rental Vacancy Rate in Johnson County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Johnson County IN | — | — | — |
Trends in Johnson County IN Rental Vacancy Rate
The rental vacancy rate in Johnson County peaked in 2008 at 13.30%. Since then it has fallen by 7.77% to 5.53%. Data records for this series originated in 2005. From a 2013 post peak low of 2.65%, the rental vacancy rate has increased by 2.88%.
Rental Vacancy Rate: Johnson County IN, Indiana, US
Historical Rental Vacancy Rate data for Johnson County
| Date | US | Indiana | Johnson County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | — |
| 2018 | 6.15% | 6.59% | 5.53% |
| 2017 | 6.18% | 7.14% | — |
| 2016 | 5.89% | 6.96% | 4.51% |
| 2015 | 5.85% | 7.94% | 5.45% |
| 2014 | 6.32% | 8.09% | 11.88% |
| 2013 | 6.49% | 7.00% | 2.65% |
| 2012 | 6.77% | 8.43% | 7.18% |
| 2011 | 7.40% | 8.47% | — |
| 2010 | 8.17% | 8.78% | 6.90% |
| 2009 | 8.43% | 10.44% | 5.99% |
| 2007 | 7.87% | 9.72% | 6.22% |
| 2005 | 7.74% | 10.67% | — |
Rent as a Fraction of Income
Using median household income data for Johnson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Johnson County, median monthly gross rent as a fraction of median household income was 15.59% in 2019 according to the ACS.
Johnson 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% |
| Johnson County IN | 15.59% | -0.07% | -0.63% |
Trends in Johnson County IN Rent as a Fraction of Income
The fraction of median Johnson County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 17.74%. Since then it has fallen by 2.15% to 15.59%.
Fraction of Income towards Rent: Johnson County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Johnson County Indiana
| Date | US | Indiana | Johnson County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 15.59% |
| 2018 | 20.50% | 17.65% | 15.66% |
| 2017 | 20.13% | 17.56% | 15.59% |
| 2016 | 20.43% | 17.62% | 16.22% |
| 2015 | 20.63% | 18.00% | 15.17% |
| 2014 | 20.89% | 18.27% | 17.74% |
| 2013 | 20.78% | 18.43% | 17.36% |
| 2012 | 20.65% | 18.27% | 15.92% |
| 2011 | 20.70% | 18.27% | 16.24% |
| 2010 | 20.50% | 18.37% | 16.50% |
| 2009 | 20.12% | 18.15% | 16.03% |
| 2007 | 18.66% | 16.14% | 14.89% |
| 2005 | 18.89% | 16.78% | 14.08% |
Renter Fraction in Johnson County Indiana
You can calculate the renter fraction in Johnson 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 Johnson County as a fraction of total Johnson County households. In 2019 22.96% of households were renters according to Census ACS data.
Johnson 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% |
| Johnson County IN | 22.96% | -5.55% | -4.36% |
Trends in the Johnson County IN Renter Fraction
The Johnson County household renter fraction peaked in in 2015 at 32.09% and is now 9.13% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Johnson County IN, Indiana, US
History of Johnson County Renter Fraction
| Date | US | Indiana | Johnson County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 22.96% |
| 2018 | 36.05% | 31.06% | 28.51% |
| 2017 | 36.13% | 30.96% | 28.19% |
| 2016 | 36.88% | 31.65% | 27.32% |
| 2015 | 36.97% | 31.82% | 32.09% |
| 2014 | 36.90% | 31.42% | 28.69% |
| 2013 | 36.50% | 31.48% | 29.92% |
| 2012 | 36.09% | 30.62% | 29.02% |
| 2011 | 35.42% | 30.28% | 25.51% |
| 2010 | 34.65% | 29.71% | 24.31% |
| 2009 | 34.13% | 29.57% | 28.65% |
| 2007 | 32.80% | 28.37% | 26.06% |
| 2005 | 33.10% | 28.00% | 22.22% |
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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