Department of Numbers

Delaware County Indiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Delaware County IN was $691 in 2017 according to the Census ACS survey.1 Average gross rent in Delaware County was $708 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Delaware County median and average rent data will be released in September of 2019.

Data is also available below for Delaware County rental vacancy rates, Delaware County rent as a percent of median income and the fraction of renters in Delaware County.

Show dollars as: Nominal Real

Real Gross Rent in Delaware County Indiana (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Indiana Median Gross Rent $793 +1.67% +2.85%
Delaware County IN Median Gross Rent $691 +4.70% -0.72%

Delaware County IN Real Gross Rent Trends

Median gross rent for Delaware County peaked in real terms in 2015 at $745 and is now $54 (7.25%) lower. Average gross rent for Delaware County peaked in real terms in 2008 at $752 and is now $44 (5.85%) lower. From a recent low of 640.0 in 2012, real average gross rent has now increased by $68 (10.62%).

Real Gross Rent: Delaware County IN Median, Delaware County IN Average, Indiana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Delaware County

Date US
Median
Indiana
Median
Delaware County IN
Median
Delaware County IN
Average
2017 $1,012 $793 $691 $708
2016 $996 $780 $660 $660
2015 $987 $780 $745 $704
2014 $956 $771 $696 $726
2013 $924 $746 $738 $701
2012 $912 $738 $653 $640
2011 $912 $741 $700 $725
2010 $927 $740 $691 $716
2009 $931 $759 $660 $702
2008 $947 $770 $720 $752
2007 $899 $727 $689 $702
2006 $909 $760 $701 $694

Delaware County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Delaware County Indiana was 5.87% according to Census ACS data.

Rental Vacancy Rate in Delaware County Indiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Indiana 7.14% +0.18% -0.95%
Delaware County IN 5.87% -0.07%

Trends in Delaware County IN Rental Vacancy Rate

The rental vacancy rate in Delaware County peaked in 2007 at 11.61%. Since then it has fallen by 5.74% to 5.87%. Data records for this series originated in 2005.

Rental Vacancy Rate: Delaware County IN, Indiana, US

Rental vacancy rate in Indiana

Historical Rental Vacancy Rate data for Delaware County

Date US Indiana Delaware County IN
2017 6.18% 7.14% 5.87%
2016 5.89% 6.96%
2015 5.85% 7.94% 8.46%
2014 6.32% 8.09% 5.94%
2013 6.49% 7.00%
2012 6.77% 8.43%
2011 7.40% 8.47%
2010 8.17% 8.78%
2009 8.43% 10.44%
2008 7.86% 9.02% 10.03%
2007 7.87% 9.72% 11.61%
2006 7.70% 11.17%

Rent as a Fraction of Income

Using median household income data for Delaware County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Delaware County, median monthly gross rent as a fraction of median household income was 20.10% in 2017 according to the ACS.

Delaware County Indiana Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Indiana 17.56% -0.05% -0.71%
Delaware County IN 20.10% +1.09% -0.65%

Trends in Delaware County IN Rent as a Fraction of Income

The fraction of median Delaware County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 23.83%. Since then it has fallen by 3.73% to 20.10%. From a 2016 low of 19.01%, the fraction of income going to rent has increased by 1.09%.

Fraction of Income towards Rent: Delaware County IN, Indiana, US

Percent of median household income going towards median monthly gross rent in Delaware County Indiana

Historical Data for Annual Rent as a Fraction of Income in Delaware County Indiana

Date US Indiana Delaware County IN
2017 20.13% 17.56% 20.10%
2016 20.43% 17.62% 19.01%
2015 20.63% 18.00% 21.40%
2014 20.89% 18.27% 20.75%
2013 20.78% 18.43% 23.83%
2012 20.65% 18.27% 20.51%
2011 20.70% 18.27% 21.78%
2010 20.50% 18.37% 21.32%
2009 20.12% 18.15% 20.60%
2008 19.00% 16.76% 19.33%
2007 18.66% 16.14% 19.26%
2006 18.90% 16.87% 20.48%

Renter Fraction in Delaware County Indiana

You can calculate the renter fraction in Delaware 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 Delaware County as a fraction of total Delaware County households. In 2017 38.61% of households were renters according to Census ACS data.

Delaware County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Indiana 30.96% -0.69% -0.46%
Delaware County IN 38.61% +3.10% +3.83%

Trends in the Delaware County IN Renter Fraction

At 38.61%, the 2017 household based renter fraction in Delaware County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Delaware County IN, Indiana, US

Fraction of renters in Delaware County

History of Delaware County Renter Fraction

Date US Indiana Delaware County IN
2017 36.13% 30.96% 38.61%
2016 36.88% 31.65% 35.51%
2015 36.97% 31.82% 35.51%
2014 36.90% 31.42% 34.78%
2013 36.50% 31.48% 37.88%
2012 36.09% 30.62% 37.76%
2011 35.42% 30.28% 35.30%
2010 34.65% 29.71% 36.83%
2009 34.13% 29.57% 36.08%
2008 33.36% 28.17% 30.76%
2007 32.80% 28.37% 33.13%
2006 32.73% 27.88% 33.20%

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.