Department of Numbers

Laporte County Indiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Laporte County IN was $695 in 2017 according to the Census ACS survey.1 Average gross rent in Laporte County was $695 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 Laporte County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Laporte 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%
Laporte County IN Median Gross Rent $695 -5.57% -4.66%

Laporte County IN Real Gross Rent Trends

Median gross rent for Laporte County peaked in real terms in 2008 at $820 and is now $125 (15.24%) lower. Average gross rent for Laporte County peaked in real terms in 2008 at $758 and is now $63 (8.31%) lower. From a recent low of 633.0 in 2009, real average gross rent has now increased by $62 (9.79%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Laporte County

Date US
Median
Indiana
Median
Laporte County IN
Median
Laporte County IN
Average
2017 $1,012 $793 $695 $695
2016 $996 $780 $736 $691
2015 $987 $780 $714 $705
2014 $956 $771 $729 $746
2013 $924 $746 $708 $705
2012 $912 $738 $671 $695
2011 $912 $741 $745 $755
2010 $927 $740 $723 $685
2009 $931 $759 $693 $633
2008 $947 $770 $820 $758
2007 $899 $727 $660 $653
2006 $909 $760 $737 $732

Laporte 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 Laporte County Indiana was 5.38% according to Census ACS data.

Rental Vacancy Rate in Laporte County Indiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Indiana 7.14% +0.18% -0.95%
Laporte County IN 5.38% -1.09% +0.38%

Trends in Laporte County IN Rental Vacancy Rate

The rental vacancy rate in Laporte County peaked in 2005 at 12.10%. Since then it has fallen by 6.72% to 5.38%. Data records for this series originated in 2005. From a 2014 post peak low of 5.00%, the rental vacancy rate has increased by 0.38%.

Rental Vacancy Rate: Laporte County IN, Indiana, US

Rental vacancy rate in Indiana

Historical Rental Vacancy Rate data for Laporte County

Date US Indiana Laporte County IN
2017 6.18% 7.14% 5.38%
2016 5.89% 6.96% 6.47%
2015 5.85% 7.94%
2014 6.32% 8.09% 5.00%
2013 6.49% 7.00% 5.79%
2012 6.77% 8.43% 6.51%
2011 7.40% 8.47% 12.03%
2010 8.17% 8.78% 7.63%
2009 8.43% 10.44% 6.75%
2008 7.86% 9.02% 5.83%
2007 7.87% 9.72% 8.05%
2006 7.70% 11.17% 11.81%

Rent as a Fraction of Income

Using median household income data for Laporte County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Laporte County, median monthly gross rent as a fraction of median household income was 16.44% in 2017 according to the ACS.

Laporte 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%
Laporte County IN 16.44% +0.18% -2.24%

Trends in Laporte County IN Rent as a Fraction of Income

The fraction of median Laporte County household income required to pay median monthly gross rent peaked in 2008 (relative to the 2005 series origin) at 18.78%. Since then it has fallen by 2.35% to 16.44%.

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

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

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

Date US Indiana Laporte County IN
2017 20.13% 17.56% 16.44%
2016 20.43% 17.62% 16.26%
2015 20.63% 18.00% 18.17%
2014 20.89% 18.27% 18.68%
2013 20.78% 18.43% 17.88%
2012 20.65% 18.27% 16.94%
2011 20.70% 18.27% 17.63%
2010 20.50% 18.37% 18.29%
2009 20.12% 18.15% 16.30%
2008 19.00% 16.76% 18.78%
2007 18.66% 16.14% 15.98%
2006 18.90% 16.87% 15.79%

Renter Fraction in Laporte County Indiana

You can calculate the renter fraction in Laporte 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 Laporte County as a fraction of total Laporte County households. In 2017 28.54% of households were renters according to Census ACS data.

Laporte 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%
Laporte County IN 28.54% +2.78% -2.40%

Trends in the Laporte County IN Renter Fraction

The Laporte County household renter fraction peaked in in 2014 at 30.94% and is now 2.40% below that level. The origin year for the series is 2005.

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

Fraction of renters in Laporte County

History of Laporte County Renter Fraction

Date US Indiana Laporte County IN
2017 36.13% 30.96% 28.54%
2016 36.88% 31.65% 25.76%
2015 36.97% 31.82% 30.06%
2014 36.90% 31.42% 30.94%
2013 36.50% 31.48% 29.24%
2012 36.09% 30.62% 30.09%
2011 35.42% 30.28% 27.10%
2010 34.65% 29.71% 26.29%
2009 34.13% 29.57% 23.92%
2008 33.36% 28.17% 24.95%
2007 32.80% 28.37% 25.48%
2006 32.73% 27.88% 24.45%

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.