Department of Numbers

Porter County Indiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Porter County IN was $894 in 2017 according to the Census ACS survey.1 Average gross rent in Porter County was $942 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 Porter County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Porter 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%
Porter County IN Median Gross Rent $894 -1.87% +1.71%

Porter County IN Real Gross Rent Trends

Median gross rent for Porter County peaked in real terms in 2005 at $935 and is now $41 (4.39%) lower. From a recent low of 832.0 in 2011, real median gross rent has now increased by $62 (7.45%). Average gross rent for Porter County peaked in real terms in 2012 at $945 and is now $3 (0.32%) lower. From a recent low of 866.0 in 2013, real average gross rent has now increased by $76 (8.78%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Porter County

Date US
Median
Indiana
Median
Porter County IN
Median
Porter County IN
Average
2017 $1,012 $793 $894 $942
2016 $996 $780 $911 $945
2015 $987 $780 $909 $927
2014 $956 $771 $879 $912
2013 $924 $746 $871 $866
2012 $912 $738 $842 $945
2011 $912 $741 $832 $931
2010 $927 $740 $870 $906
2009 $931 $759 $906 $905
2008 $947 $770 $902 $897
2007 $899 $727 $874 $883
2006 $909 $760 $862 $871

Porter 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 Porter County Indiana was 5.23% according to Census ACS data.

Rental Vacancy Rate in Porter County Indiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Indiana 7.14% +0.18% -0.95%
Porter County IN 5.23% +0.73% +0.44%

Trends in Porter County IN Rental Vacancy Rate

The rental vacancy rate in Porter County peaked in 2012 at 11.39%. Since then it has fallen by 6.16% to 5.23%. Data records for this series originated in 2005. From a 2015 post peak low of 3.35%, the rental vacancy rate has increased by 1.88%.

Rental Vacancy Rate: Porter County IN, Indiana, US

Rental vacancy rate in Indiana

Historical Rental Vacancy Rate data for Porter County

Date US Indiana Porter County IN
2017 6.18% 7.14% 5.23%
2016 5.89% 6.96% 4.50%
2015 5.85% 7.94% 3.35%
2014 6.32% 8.09% 4.79%
2013 6.49% 7.00% 4.54%
2012 6.77% 8.43% 11.39%
2011 7.40% 8.47% 6.34%
2010 8.17% 8.78% 8.20%
2009 8.43% 10.44% 5.80%
2008 7.86% 9.02% 3.63%
2007 7.87% 9.72% 5.23%
2006 7.70% 11.17%

Rent as a Fraction of Income

Using median household income data for Porter County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Porter County, median monthly gross rent as a fraction of median household income was 16.32% in 2017 according to the ACS.

Porter 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%
Porter County IN 16.32% +0.06% -0.59%

Trends in Porter County IN Rent as a Fraction of Income

The fraction of median Porter County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.46%. Since then it has fallen by 1.14% to 16.32%.

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

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

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

Date US Indiana Porter County IN
2017 20.13% 17.56% 16.32%
2016 20.43% 17.62% 16.26%
2015 20.63% 18.00% 16.63%
2014 20.89% 18.27% 16.91%
2013 20.78% 18.43% 16.04%
2012 20.65% 18.27% 15.53%
2011 20.70% 18.27% 15.51%
2010 20.50% 18.37% 17.46%
2009 20.12% 18.15% 17.19%
2008 19.00% 16.76% 15.16%
2007 18.66% 16.14% 15.46%
2006 18.90% 16.87% 15.32%

Renter Fraction in Porter County Indiana

You can calculate the renter fraction in Porter 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 Porter County as a fraction of total Porter County households. In 2017 30.03% of households were renters according to Census ACS data.

Porter 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%
Porter County IN 30.03% +6.41% +6.51%

Trends in the Porter County IN Renter Fraction

At 30.03%, the 2017 household based renter fraction in Porter County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Porter County

History of Porter County Renter Fraction

Date US Indiana Porter County IN
2017 36.13% 30.96% 30.03%
2016 36.88% 31.65% 23.62%
2015 36.97% 31.82% 25.17%
2014 36.90% 31.42% 23.52%
2013 36.50% 31.48% 23.96%
2012 36.09% 30.62% 21.15%
2011 35.42% 30.28% 24.43%
2010 34.65% 29.71% 22.97%
2009 34.13% 29.57% 23.19%
2008 33.36% 28.17% 22.85%
2007 32.80% 28.37% 24.85%
2006 32.73% 27.88% 22.91%

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.