Department of Numbers

St. Joseph County Indiana Residential Rent and Rental Statistics

The median monthly gross residential rent in St. Joseph County IN was $775 in 2017 according to the Census ACS survey.1 Average gross rent in St. Joseph County was $740 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 St. Joseph County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in St. Joseph 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%
St. Joseph County IN Median Gross Rent $775 +6.46% +5.44%

St. Joseph County IN Real Gross Rent Trends

Median gross rent for St. Joseph County peaked in real terms in 2006 at $799 and is now $24 (3.00%) lower. From a recent low of 710.0 in 2013, real median gross rent has now increased by $65 (9.15%). Average gross rent for St. Joseph County peaked in real terms in 2006 at $800 and is now $60 (7.50%) lower. From a recent low of 683.0 in 2013, real average gross rent has now increased by $57 (8.35%).

Real Gross Rent: St. Joseph County IN Median, St. Joseph County IN Average, Indiana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St. Joseph County

Date US
Median
Indiana
Median
St. Joseph County IN
Median
St. Joseph County IN
Average
2017 $1,012 $793 $775 $740
2016 $996 $780 $728 $685
2015 $987 $780 $730 $701
2014 $956 $771 $735 $734
2013 $924 $746 $710 $683
2012 $912 $738 $721 $698
2011 $912 $741 $730 $735
2010 $927 $740 $729 $715
2009 $931 $759 $757 $744
2008 $947 $770 $787 $774
2007 $899 $727 $730 $712
2006 $909 $760 $799 $800

St. Joseph 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 St. Joseph County Indiana was 13.40% according to Census ACS data.

Rental Vacancy Rate in St. Joseph County Indiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Indiana 7.14% +0.18% -0.95%
St. Joseph County IN 13.40% +0.96% +0.90%

Trends in St. Joseph County IN Rental Vacancy Rate

The rental vacancy rate in St. Joseph County peaked in 2009 at 16.10%. Since then it has fallen by 2.70% to 13.40%. Data records for this series originated in 2005. From a 2012 post peak low of 9.99%, the rental vacancy rate has increased by 3.41%.

Rental Vacancy Rate: St. Joseph County IN, Indiana, US

Rental vacancy rate in Indiana

Historical Rental Vacancy Rate data for St. Joseph County

Date US Indiana St. Joseph County IN
2017 6.18% 7.14% 13.40%
2016 5.89% 6.96% 12.44%
2015 5.85% 7.94% 15.54%
2014 6.32% 8.09% 12.50%
2013 6.49% 7.00% 10.94%
2012 6.77% 8.43% 9.99%
2011 7.40% 8.47% 10.61%
2010 8.17% 8.78% 10.53%
2009 8.43% 10.44% 16.10%
2008 7.86% 9.02% 12.10%
2007 7.87% 9.72% 12.17%
2006 7.70% 11.17% 12.12%

Rent as a Fraction of Income

Using median household income data for St. Joseph County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St. Joseph County, median monthly gross rent as a fraction of median household income was 17.85% in 2017 according to the ACS.

St. Joseph 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%
St. Joseph County IN 17.85% +0.06% -0.78%

Trends in St. Joseph County IN Rent as a Fraction of Income

The fraction of median St. Joseph County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 20.58%. Since then it has fallen by 2.73% to 17.85%.

Fraction of Income towards Rent: St. Joseph County IN, Indiana, US

Percent of median household income going towards median monthly gross rent in St. Joseph County Indiana

Historical Data for Annual Rent as a Fraction of Income in St. Joseph County Indiana

Date US Indiana St. Joseph County IN
2017 20.13% 17.56% 17.85%
2016 20.43% 17.62% 17.79%
2015 20.63% 18.00% 18.30%
2014 20.89% 18.27% 18.63%
2013 20.78% 18.43% 20.58%
2012 20.65% 18.27% 18.55%
2011 20.70% 18.27% 19.11%
2010 20.50% 18.37% 19.19%
2009 20.12% 18.15% 19.00%
2008 19.00% 16.76% 19.06%
2007 18.66% 16.14% 17.38%
2006 18.90% 16.87% 18.43%

Renter Fraction in St. Joseph County Indiana

You can calculate the renter fraction in St. Joseph 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 St. Joseph County as a fraction of total St. Joseph County households. In 2017 32.00% of households were renters according to Census ACS data.

St. Joseph 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%
St. Joseph County IN 32.00% -1.63% -0.84%

Trends in the St. Joseph County IN Renter Fraction

The St. Joseph County household renter fraction peaked in in 2016 at 33.63% and is now 1.63% below that level. The origin year for the series is 2005.

Fraction of Renting Households: St. Joseph County IN, Indiana, US

Fraction of renters in St. Joseph County

History of St. Joseph County Renter Fraction

Date US Indiana St. Joseph County IN
2017 36.13% 30.96% 32.00%
2016 36.88% 31.65% 33.63%
2015 36.97% 31.82% 30.88%
2014 36.90% 31.42% 32.84%
2013 36.50% 31.48% 33.28%
2012 36.09% 30.62% 30.22%
2011 35.42% 30.28% 31.81%
2010 34.65% 29.71% 31.09%
2009 34.13% 29.57% 27.88%
2008 33.36% 28.17% 28.28%
2007 32.80% 28.37% 28.53%
2006 32.73% 27.88% 27.56%

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.