Wayne County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Wayne County IN was $712 in 2019 according to the Census ACS survey.1 Average gross rent in Wayne County was $673 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 Wayne County median and average rent data will be released in September of 2021.
Data is also available below for Wayne County rental vacancy rates, Wayne County rent as a percent of median income and the fraction of renters in Wayne County.
Real Gross Rent in Wayne 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% |
| Wayne County IN Median Gross Rent | $712 | +7.23% | +7.88% |
Wayne County IN Real Gross Rent Trends
Median gross rent for Wayne County peaked in real terms in 2017 at $736 and is now $24 (3.26%) lower. Average gross rent for Wayne County peaked in real terms in 2013 at $734 and is now $61 (8.31%) lower.
Real Gross Rent: Wayne County IN Median, Wayne County IN Average, Indiana Median, US Median
Real Gross Rent History for Wayne County
| Date | US Median |
Indiana Median |
Wayne County IN Median |
Wayne County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $712 | $673 |
| 2018 | $1,077 | $835 | $664 | $678 |
| 2017 | $1,043 | $818 | $736 | $694 |
| 2016 | $1,027 | $804 | $660 | $622 |
| 2015 | $1,017 | $804 | $655 | $653 |
| 2014 | $986 | $795 | $642 | $636 |
| 2013 | $953 | $769 | $694 | $734 |
| 2012 | $940 | $761 | $579 | $601 |
| 2011 | $941 | $764 | $665 | $628 |
| 2010 | $955 | $763 | $672 | $660 |
| 2009 | $960 | $783 | $687 | $685 |
| 2007 | $927 | $750 | $621 | $542 |
| 2005 | $910 | $769 | $660 | $639 |
Wayne County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Wayne County Indiana was 18.16% according to Census ACS data.
Rental Vacancy Rate in Wayne County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Wayne County IN | — | — | — |
Trends in Wayne County IN Rental Vacancy Rate
At 18.16%, Wayne County residential rental vacancy rate in 2014 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Wayne County IN, Indiana, US
Historical Rental Vacancy Rate data for Wayne County
| Date | US | Indiana | Wayne County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | — |
| 2018 | 6.15% | 6.59% | — |
| 2017 | 6.18% | 7.14% | — |
| 2016 | 5.89% | 6.96% | — |
| 2015 | 5.85% | 7.94% | — |
| 2014 | 6.32% | 8.09% | 18.16% |
| 2013 | 6.49% | 7.00% | — |
| 2012 | 6.77% | 8.43% | 11.63% |
| 2011 | 7.40% | 8.47% | 6.78% |
| 2010 | 8.17% | 8.78% | — |
| 2009 | 8.43% | 10.44% | — |
| 2007 | 7.87% | 9.72% | — |
| 2005 | 7.74% | 10.67% | 9.35% |
Rent as a Fraction of Income
Using median household income data for Wayne County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wayne County, median monthly gross rent as a fraction of median household income was 17.82% in 2019 according to the ACS.
Wayne 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% |
| Wayne County IN | 17.82% | +0.41% | +0.40% |
Trends in Wayne County IN Rent as a Fraction of Income
The fraction of median Wayne County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.76%. Since then it has fallen by 4.94% to 17.82%.
Fraction of Income towards Rent: Wayne County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Wayne County Indiana
| Date | US | Indiana | Wayne County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 17.82% |
| 2018 | 20.50% | 17.65% | 17.41% |
| 2017 | 20.13% | 17.56% | 19.03% |
| 2016 | 20.43% | 17.62% | 17.42% |
| 2015 | 20.63% | 18.00% | 17.56% |
| 2014 | 20.89% | 18.27% | 17.71% |
| 2013 | 20.78% | 18.43% | 22.76% |
| 2012 | 20.65% | 18.27% | 19.55% |
| 2011 | 20.70% | 18.27% | 20.33% |
| 2010 | 20.50% | 18.37% | 19.99% |
| 2009 | 20.12% | 18.15% | 18.27% |
| 2007 | 18.66% | 16.14% | 16.24% |
| 2005 | 18.89% | 16.78% | 18.43% |
Renter Fraction in Wayne County Indiana
You can calculate the renter fraction in Wayne 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 Wayne County as a fraction of total Wayne County households. In 2019 33.60% of households were renters according to Census ACS data.
Wayne 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% |
| Wayne County IN | 33.60% | -1.54% | -0.35% |
Trends in the Wayne County IN Renter Fraction
The Wayne County household renter fraction peaked in in 2010 at 36.19% and is now 2.59% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Wayne County IN, Indiana, US
History of Wayne County Renter Fraction
| Date | US | Indiana | Wayne County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 33.60% |
| 2018 | 36.05% | 31.06% | 35.14% |
| 2017 | 36.13% | 30.96% | 33.98% |
| 2016 | 36.88% | 31.65% | 33.95% |
| 2015 | 36.97% | 31.82% | 31.48% |
| 2014 | 36.90% | 31.42% | 31.23% |
| 2013 | 36.50% | 31.48% | 34.10% |
| 2012 | 36.09% | 30.62% | 32.82% |
| 2011 | 35.42% | 30.28% | 30.46% |
| 2010 | 34.65% | 29.71% | 36.19% |
| 2009 | 34.13% | 29.57% | 35.07% |
| 2007 | 32.80% | 28.37% | 28.81% |
| 2005 | 33.10% | 28.00% | 28.89% |
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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