Department of Numbers

Elkhart County Indiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Elkhart County IN was $789 in 2017 according to the Census ACS survey.1 Average gross rent in Elkhart County was $765 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 Elkhart County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Elkhart 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%
Elkhart County IN Median Gross Rent $789 +4.64% +7.93%

Elkhart County IN Real Gross Rent Trends

Median gross rent for Elkhart County peaked in real terms in 2005 at $805 and is now $16 (1.99%) lower. From a recent low of 711.0 in 2013, real median gross rent has now increased by $78 (10.97%). Average gross rent for Elkhart County peaked in real terms in 2005 at $787 and is now $22 (2.80%) lower. From a recent low of 678.0 in 2013, real average gross rent has now increased by $87 (12.83%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Elkhart County

Date US
Median
Indiana
Median
Elkhart County IN
Median
Elkhart County IN
Average
2017 $1,012 $793 $789 $765
2016 $996 $780 $754 $732
2015 $987 $780 $750 $739
2014 $956 $771 $731 $684
2013 $924 $746 $711 $678
2012 $912 $738 $730 $683
2011 $912 $741 $735 $703
2010 $927 $740 $725 $687
2009 $931 $759 $755 $777
2008 $947 $770 $788 $767
2007 $899 $727 $776 $730
2006 $909 $760 $778 $771

Elkhart 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 Elkhart County Indiana was 5.43% according to Census ACS data.

Rental Vacancy Rate in Elkhart County Indiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Indiana 7.14% +0.18% -0.95%
Elkhart County IN 5.43% -1.09%

Trends in Elkhart County IN Rental Vacancy Rate

The rental vacancy rate in Elkhart County peaked in 2009 at 19.29%. Since then it has fallen by 13.86% to 5.43%. Data records for this series originated in 2005.

Rental Vacancy Rate: Elkhart County IN, Indiana, US

Rental vacancy rate in Indiana

Historical Rental Vacancy Rate data for Elkhart County

Date US Indiana Elkhart County IN
2017 6.18% 7.14% 5.43%
2016 5.89% 6.96% 6.52%
2015 5.85% 7.94% 6.56%
2014 6.32% 8.09%
2013 6.49% 7.00% 6.47%
2012 6.77% 8.43% 6.97%
2011 7.40% 8.47%
2010 8.17% 8.78% 18.02%
2009 8.43% 10.44% 19.29%
2008 7.86% 9.02%
2007 7.87% 9.72% 4.77%
2006 7.70% 11.17% 8.45%

Rent as a Fraction of Income

Using median household income data for Elkhart County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Elkhart County, median monthly gross rent as a fraction of median household income was 16.06% in 2017 according to the ACS.

Elkhart 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%
Elkhart County IN 16.06% -0.36% -1.10%

Trends in Elkhart County IN Rent as a Fraction of Income

The fraction of median Elkhart County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.45%. Since then it has fallen by 3.39% to 16.06%.

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

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

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

Date US Indiana Elkhart County IN
2017 20.13% 17.56% 16.06%
2016 20.43% 17.62% 16.42%
2015 20.63% 18.00% 17.65%
2014 20.89% 18.27% 17.16%
2013 20.78% 18.43% 18.40%
2012 20.65% 18.27% 18.75%
2011 20.70% 18.27% 19.45%
2010 20.50% 18.37% 19.23%
2009 20.12% 18.15% 19.16%
2008 19.00% 16.76% 16.63%
2007 18.66% 16.14% 17.04%
2006 18.90% 16.87% 16.78%

Renter Fraction in Elkhart County Indiana

You can calculate the renter fraction in Elkhart 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 Elkhart County as a fraction of total Elkhart County households. In 2017 30.34% of households were renters according to Census ACS data.

Elkhart 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%
Elkhart County IN 30.34% -2.89% -1.09%

Trends in the Elkhart County IN Renter Fraction

The Elkhart County household renter fraction peaked in in 2016 at 33.23% and is now 2.89% below that level. The origin year for the series is 2005.

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

Fraction of renters in Elkhart County

History of Elkhart County Renter Fraction

Date US Indiana Elkhart County IN
2017 36.13% 30.96% 30.34%
2016 36.88% 31.65% 33.23%
2015 36.97% 31.82% 30.97%
2014 36.90% 31.42% 31.43%
2013 36.50% 31.48% 30.71%
2012 36.09% 30.62% 32.70%
2011 35.42% 30.28% 26.76%
2010 34.65% 29.71% 28.29%
2009 34.13% 29.57% 25.15%
2008 33.36% 28.17% 27.07%
2007 32.80% 28.37% 30.29%
2006 32.73% 27.88% 29.28%

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.