Tippecanoe County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Tippecanoe County IN was $886 in 2019 according to the Census ACS survey.1 Average gross rent in Tippecanoe 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 Tippecanoe County median and average rent data will be released in September of 2021.
Data is also available below for Tippecanoe County rental vacancy rates, Tippecanoe County rent as a percent of median income and the fraction of renters in Tippecanoe County.
Real Gross Rent in Tippecanoe 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% |
| Tippecanoe County IN Median Gross Rent | $886 | +3.38% | +8.58% |
Tippecanoe County IN Real Gross Rent Trends
At $886, real median gross rent in Tippecanoe County was at its highest level in 2019 since the series began in 2005. At $919, real average gross rent in Tippecanoe County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Tippecanoe County IN Median, Tippecanoe County IN Average, Indiana Median, US Median
Real Gross Rent History for Tippecanoe County
| Date | US Median |
Indiana Median |
Tippecanoe County IN Median |
Tippecanoe County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $886 | $919 |
| 2018 | $1,077 | $835 | $857 | $878 |
| 2017 | $1,043 | $818 | $818 | $874 |
| 2016 | $1,027 | $804 | $816 | $890 |
| 2015 | $1,017 | $804 | $838 | $905 |
| 2014 | $986 | $795 | $853 | $910 |
| 2013 | $953 | $769 | $840 | $887 |
| 2012 | $940 | $761 | $808 | $874 |
| 2011 | $941 | $764 | $834 | $902 |
| 2010 | $955 | $763 | $818 | $863 |
| 2009 | $960 | $783 | $831 | $859 |
| 2007 | $927 | $750 | $788 | $839 |
| 2005 | $910 | $769 | $830 | $888 |
Tippecanoe 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 Tippecanoe County Indiana was 4.46% according to Census ACS data.
Rental Vacancy Rate in Tippecanoe County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Tippecanoe County IN | 4.46% | +0.90% | -1.75% |
Trends in Tippecanoe County IN Rental Vacancy Rate
The rental vacancy rate in Tippecanoe County peaked in 2006 at 8.73%. Since then it has fallen by 4.27% to 4.46%. Data records for this series originated in 2005. From a 2013 post peak low of 2.84%, the rental vacancy rate has increased by 1.62%.
Rental Vacancy Rate: Tippecanoe County IN, Indiana, US
Historical Rental Vacancy Rate data for Tippecanoe County
| Date | US | Indiana | Tippecanoe County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 4.46% |
| 2018 | 6.15% | 6.59% | 3.56% |
| 2017 | 6.18% | 7.14% | 4.32% |
| 2016 | 5.89% | 6.96% | 6.21% |
| 2015 | 5.85% | 7.94% | 3.06% |
| 2014 | 6.32% | 8.09% | 8.67% |
| 2013 | 6.49% | 7.00% | 2.84% |
| 2012 | 6.77% | 8.43% | 5.86% |
| 2011 | 7.40% | 8.47% | 3.66% |
| 2010 | 8.17% | 8.78% | 6.10% |
| 2009 | 8.43% | 10.44% | 5.31% |
| 2007 | 7.87% | 9.72% | 6.88% |
| 2005 | 7.74% | 10.67% | 8.38% |
Rent as a Fraction of Income
Using median household income data for Tippecanoe County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tippecanoe County, median monthly gross rent as a fraction of median household income was 21.54% in 2019 according to the ACS.
Tippecanoe 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% |
| Tippecanoe County IN | 21.54% | +1.44% | +3.34% |
Trends in Tippecanoe County IN Rent as a Fraction of Income
The fraction of median Tippecanoe County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 23.13%. Since then it has fallen by 1.58% to 21.54%. From a 2016 low of 18.20%, the fraction of income going to rent has increased by 3.34%.
Fraction of Income towards Rent: Tippecanoe County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Tippecanoe County Indiana
| Date | US | Indiana | Tippecanoe County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 21.54% |
| 2018 | 20.50% | 17.65% | 20.11% |
| 2017 | 20.13% | 17.56% | 18.24% |
| 2016 | 20.43% | 17.62% | 18.20% |
| 2015 | 20.63% | 18.00% | 18.88% |
| 2014 | 20.89% | 18.27% | 21.18% |
| 2013 | 20.78% | 18.43% | 20.06% |
| 2012 | 20.65% | 18.27% | 21.46% |
| 2011 | 20.70% | 18.27% | 21.85% |
| 2010 | 20.50% | 18.37% | 23.13% |
| 2009 | 20.12% | 18.15% | 21.21% |
| 2007 | 18.66% | 16.14% | 19.68% |
| 2005 | 18.89% | 16.78% | 19.93% |
Renter Fraction in Tippecanoe County Indiana
You can calculate the renter fraction in Tippecanoe 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 Tippecanoe County as a fraction of total Tippecanoe County households. In 2019 46.01% of households were renters according to Census ACS data.
Tippecanoe 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% |
| Tippecanoe County IN | 46.01% | -0.51% | +2.55% |
Trends in the Tippecanoe County IN Renter Fraction
The Tippecanoe County household renter fraction peaked in in 2013 at 48.16% and is now 2.15% below that level. From a recent low of 41.32% in 2017, the household based renter fraction has now grown by 4.69%. The origin year for the series is 2005.
Fraction of Renting Households: Tippecanoe County IN, Indiana, US
History of Tippecanoe County Renter Fraction
| Date | US | Indiana | Tippecanoe County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 46.01% |
| 2018 | 36.05% | 31.06% | 46.52% |
| 2017 | 36.13% | 30.96% | 41.32% |
| 2016 | 36.88% | 31.65% | 43.46% |
| 2015 | 36.97% | 31.82% | 47.48% |
| 2014 | 36.90% | 31.42% | 46.36% |
| 2013 | 36.50% | 31.48% | 48.16% |
| 2012 | 36.09% | 30.62% | 44.40% |
| 2011 | 35.42% | 30.28% | 48.10% |
| 2010 | 34.65% | 29.71% | 43.71% |
| 2009 | 34.13% | 29.57% | 46.08% |
| 2007 | 32.80% | 28.37% | 45.24% |
| 2005 | 33.10% | 28.00% | 44.68% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Indiana
- / Tippecanoe County
