Vigo County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Vigo County IN was $700 in 2019 according to the Census ACS survey.1 Average gross rent in Vigo County was $719 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Vigo County median and average rent data will be released in September of 2021.
Data is also available below for Vigo County rental vacancy rates, Vigo County rent as a percent of median income and the fraction of renters in Vigo County.
Real Gross Rent in Vigo County Indiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Indiana Median Gross Rent | $840 | +0.60% | +4.48% |
| Vigo County IN Median Gross Rent | $700 | -6.04% | -7.53% |
Vigo County IN Real Gross Rent Trends
Median gross rent for Vigo County peaked in real terms in 2017 at $762 and is now $62 (8.14%) lower. Average gross rent for Vigo County peaked in real terms in 2016 at $768 and is now $49 (6.38%) lower.
Real Gross Rent: Vigo County IN Median, Vigo County IN Average, Indiana Median, US Median
Real Gross Rent History for Vigo County
| Date | US Median |
Indiana Median |
Vigo County IN Median |
Vigo County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $700 | $719 |
| 2018 | $1,077 | $835 | $745 | $763 |
| 2017 | $1,043 | $818 | $762 | $766 |
| 2016 | $1,027 | $804 | $757 | $768 |
| 2015 | $1,017 | $804 | $738 | $738 |
| 2014 | $986 | $795 | $716 | $700 |
| 2013 | $953 | $769 | $727 | $767 |
| 2012 | $940 | $761 | $677 | $686 |
| 2011 | $941 | $764 | $737 | $671 |
| 2010 | $955 | $763 | $685 | $683 |
| 2009 | $960 | $783 | $686 | $671 |
| 2007 | $927 | $750 | $643 | $609 |
| 2005 | $910 | $769 | $660 | $649 |
Vigo County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Vigo County Indiana was 5.29% according to Census ACS data.
Rental Vacancy Rate in Vigo County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Vigo County IN | — | — | — |
Trends in Vigo County IN Rental Vacancy Rate
The rental vacancy rate in Vigo County peaked in 2005 at 12.29%. Since then it has fallen by 7.00% to 5.29%. Data records for this series originated in 2005. From a 2013 post peak low of 5.28%, the rental vacancy rate has increased by 0.01%.
Rental Vacancy Rate: Vigo County IN, Indiana, US
Historical Rental Vacancy Rate data for Vigo County
| Date | US | Indiana | Vigo County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | — |
| 2018 | 6.15% | 6.59% | 5.29% |
| 2017 | 6.18% | 7.14% | — |
| 2016 | 5.89% | 6.96% | 9.44% |
| 2015 | 5.85% | 7.94% | 9.36% |
| 2014 | 6.32% | 8.09% | 9.04% |
| 2013 | 6.49% | 7.00% | 5.28% |
| 2012 | 6.77% | 8.43% | 8.96% |
| 2011 | 7.40% | 8.47% | 9.19% |
| 2010 | 8.17% | 8.78% | 7.58% |
| 2009 | 8.43% | 10.44% | 11.01% |
| 2007 | 7.87% | 9.72% | 6.73% |
| 2005 | 7.74% | 10.67% | 12.29% |
Rent as a Fraction of Income
Using median household income data for Vigo County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Vigo County, median monthly gross rent as a fraction of median household income was 17.50% in 2019 according to the ACS.
Vigo County Indiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Indiana | 17.50% | -0.15% | -0.12% |
| Vigo County IN | 17.50% | -0.45% | -2.26% |
Trends in Vigo County IN Rent as a Fraction of Income
The fraction of median Vigo County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 21.83%. Since then it has fallen by 4.33% to 17.50%.
Fraction of Income towards Rent: Vigo County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Vigo County Indiana
| Date | US | Indiana | Vigo County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 17.50% |
| 2018 | 20.50% | 17.65% | 17.94% |
| 2017 | 20.13% | 17.56% | 21.56% |
| 2016 | 20.43% | 17.62% | 19.76% |
| 2015 | 20.63% | 18.00% | 21.62% |
| 2014 | 20.89% | 18.27% | 19.66% |
| 2013 | 20.78% | 18.43% | 21.83% |
| 2012 | 20.65% | 18.27% | 18.78% |
| 2011 | 20.70% | 18.27% | 20.86% |
| 2010 | 20.50% | 18.37% | 18.66% |
| 2009 | 20.12% | 18.15% | 19.25% |
| 2007 | 18.66% | 16.14% | 17.94% |
| 2005 | 18.89% | 16.78% | 18.17% |
Renter Fraction in Vigo County Indiana
You can calculate the renter fraction in Vigo 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 Vigo County as a fraction of total Vigo County households. In 2019 37.06% of households were renters according to Census ACS data.
Vigo County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Indiana | 30.69% | -0.37% | -0.96% |
| Vigo County IN | 37.06% | -1.54% | +0.70% |
Trends in the Vigo County IN Renter Fraction
The Vigo County household renter fraction peaked in in 2015 at 43.06% and is now 6.00% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Vigo County IN, Indiana, US
History of Vigo County Renter Fraction
| Date | US | Indiana | Vigo County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 37.06% |
| 2018 | 36.05% | 31.06% | 38.60% |
| 2017 | 36.13% | 30.96% | 39.72% |
| 2016 | 36.88% | 31.65% | 36.36% |
| 2015 | 36.97% | 31.82% | 43.06% |
| 2014 | 36.90% | 31.42% | 39.25% |
| 2013 | 36.50% | 31.48% | 41.73% |
| 2012 | 36.09% | 30.62% | 35.51% |
| 2011 | 35.42% | 30.28% | 34.62% |
| 2010 | 34.65% | 29.71% | 37.74% |
| 2009 | 34.13% | 29.57% | 33.36% |
| 2007 | 32.80% | 28.37% | 34.02% |
| 2005 | 33.10% | 28.00% | 34.06% |
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. ↩
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