Porter County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Porter County IN was $906 in 2019 according to the Census ACS survey.1 Average gross rent in Porter County was $919 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 Porter County median and average rent data will be released in September of 2021.
Data is also available below for Porter County rental vacancy rates, Porter County rent as a percent of median income and the fraction of renters in Porter County.
Real Gross Rent in Porter 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% |
| Porter County IN Median Gross Rent | $906 | -6.40% | -3.51% |
Porter County IN Real Gross Rent Trends
Median gross rent for Porter County peaked in real terms in 2018 at $968 and is now $62 (6.40%) lower. Average gross rent for Porter County peaked in real terms in 2016 at $975 and is now $56 (5.74%) lower.
Real Gross Rent: Porter County IN Median, Porter County IN Average, Indiana Median, US Median
Real Gross Rent History for Porter County
| Date | US Median |
Indiana Median |
Porter County IN Median |
Porter County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $906 | $919 |
| 2018 | $1,077 | $835 | $968 | $925 |
| 2017 | $1,043 | $818 | $922 | $971 |
| 2016 | $1,027 | $804 | $939 | $975 |
| 2015 | $1,017 | $804 | $938 | $956 |
| 2014 | $986 | $795 | $906 | $941 |
| 2013 | $953 | $769 | $898 | $893 |
| 2012 | $940 | $761 | $868 | $974 |
| 2011 | $941 | $764 | $858 | $960 |
| 2010 | $955 | $763 | $897 | $934 |
| 2009 | $960 | $783 | $935 | $933 |
| 2007 | $927 | $750 | $901 | $911 |
| 2005 | $910 | $769 | $964 | $948 |
Porter 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 Porter County Indiana was 7.11% according to Census ACS data.
Rental Vacancy Rate in Porter County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Porter County IN | 7.11% | +1.60% | +2.61% |
Trends in Porter County IN Rental Vacancy Rate
The rental vacancy rate in Porter County peaked in 2012 at 11.39%. Since then it has fallen by 4.28% to 7.11%. Data records for this series originated in 2005. From a 2015 post peak low of 3.35%, the rental vacancy rate has increased by 3.76%.
Rental Vacancy Rate: Porter County IN, Indiana, US
Historical Rental Vacancy Rate data for Porter County
| Date | US | Indiana | Porter County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 7.11% |
| 2018 | 6.15% | 6.59% | 5.51% |
| 2017 | 6.18% | 7.14% | 5.23% |
| 2016 | 5.89% | 6.96% | 4.50% |
| 2015 | 5.85% | 7.94% | 3.35% |
| 2014 | 6.32% | 8.09% | 4.79% |
| 2013 | 6.49% | 7.00% | 4.54% |
| 2012 | 6.77% | 8.43% | 11.39% |
| 2011 | 7.40% | 8.47% | 6.34% |
| 2010 | 8.17% | 8.78% | 8.20% |
| 2009 | 8.43% | 10.44% | 5.80% |
| 2007 | 7.87% | 9.72% | 5.23% |
| 2005 | 7.74% | 10.67% | 8.52% |
Rent as a Fraction of Income
Using median household income data for Porter County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Porter County, median monthly gross rent as a fraction of median household income was 15.00% in 2019 according to the ACS.
Porter 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% |
| Porter County IN | 15.00% | -2.17% | -1.26% |
Trends in Porter County IN Rent as a Fraction of Income
The fraction of median Porter County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.46%. Since then it has fallen by 2.46% to 15.00%.
Fraction of Income towards Rent: Porter County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Porter County Indiana
| Date | US | Indiana | Porter County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 15.00% |
| 2018 | 20.50% | 17.65% | 17.17% |
| 2017 | 20.13% | 17.56% | 16.32% |
| 2016 | 20.43% | 17.62% | 16.26% |
| 2015 | 20.63% | 18.00% | 16.63% |
| 2014 | 20.89% | 18.27% | 16.91% |
| 2013 | 20.78% | 18.43% | 16.04% |
| 2012 | 20.65% | 18.27% | 15.53% |
| 2011 | 20.70% | 18.27% | 15.51% |
| 2010 | 20.50% | 18.37% | 17.46% |
| 2009 | 20.12% | 18.15% | 17.19% |
| 2007 | 18.66% | 16.14% | 15.46% |
| 2005 | 18.89% | 16.78% | 16.75% |
Renter Fraction in Porter County Indiana
You can calculate the renter fraction in Porter 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 Porter County as a fraction of total Porter County households. In 2019 24.91% of households were renters according to Census ACS data.
Porter 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% |
| Porter County IN | 24.91% | +0.87% | +1.29% |
Trends in the Porter County IN Renter Fraction
The Porter County household renter fraction peaked in in 2017 at 30.03% and is now 5.12% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Porter County IN, Indiana, US
History of Porter County Renter Fraction
| Date | US | Indiana | Porter County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 24.91% |
| 2018 | 36.05% | 31.06% | 24.04% |
| 2017 | 36.13% | 30.96% | 30.03% |
| 2016 | 36.88% | 31.65% | 23.62% |
| 2015 | 36.97% | 31.82% | 25.17% |
| 2014 | 36.90% | 31.42% | 23.52% |
| 2013 | 36.50% | 31.48% | 23.96% |
| 2012 | 36.09% | 30.62% | 21.15% |
| 2011 | 35.42% | 30.28% | 24.43% |
| 2010 | 34.65% | 29.71% | 22.97% |
| 2009 | 34.13% | 29.57% | 23.19% |
| 2007 | 32.80% | 28.37% | 24.85% |
| 2005 | 33.10% | 28.00% | 23.05% |
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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