Department of Numbers

Vigo County Indiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Vigo County IN was $739 in 2017 according to the Census ACS survey.1 Average gross rent in Vigo County was $743 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 Vigo County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Vigo 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%
Vigo County IN Median Gross Rent $739 +0.68% +6.48%

Vigo County IN Real Gross Rent Trends

At $739, real median gross rent in Vigo County was at its highest level in 2017 since the series began in 2005. Average gross rent for Vigo County peaked in real terms in 2013 at $744 and is now $1 (0.13%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Vigo County

Date US
Median
Indiana
Median
Vigo County IN
Median
Vigo County IN
Average
2017 $1,012 $793 $739 $743
2016 $996 $780 $734 $744
2015 $987 $780 $716 $716
2014 $956 $771 $694 $679
2013 $924 $746 $705 $744
2012 $912 $738 $656 $665
2011 $912 $741 $714 $651
2010 $927 $740 $664 $662
2009 $931 $759 $665 $651
2008 $947 $770 $694 $639
2007 $899 $727 $623 $590
2006 $909 $760 $681 $659

Vigo County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Vigo County Indiana was 9.44% according to Census ACS data.

Rental Vacancy Rate in Vigo County Indiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Indiana 7.14% +0.18% -0.95%
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 2.85% to 9.44%. Data records for this series originated in 2005. From a 2013 post peak low of 5.28%, the rental vacancy rate has increased by 4.16%.

Rental Vacancy Rate: Vigo County IN, Indiana, US

Rental vacancy rate in Indiana

Historical Rental Vacancy Rate data for Vigo County

Date US Indiana Vigo County IN
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%
2008 7.86% 9.02% 10.29%
2007 7.87% 9.72% 6.73%
2006 7.70% 11.17% 11.31%

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 21.56% in 2017 according to the ACS.

Vigo 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%
Vigo County IN 21.56% +1.80% +1.90%

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 0.27% to 21.56%.

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

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

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

Date US Indiana Vigo County IN
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%
2008 19.00% 16.76% 19.11%
2007 18.66% 16.14% 17.94%
2006 18.90% 16.87% 19.72%

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 2017 39.72% of households were renters according to Census ACS data.

Vigo 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%
Vigo County IN 39.72% +3.36% +0.47%

Trends in the Vigo County IN Renter Fraction

The Vigo County household renter fraction peaked in in 2015 at 43.06% and is now 3.34% below that level. The origin year for the series is 2005.

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

Fraction of renters in Vigo County

History of Vigo County Renter Fraction

Date US Indiana Vigo County IN
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%
2008 33.36% 28.17% 33.35%
2007 32.80% 28.37% 34.02%
2006 32.73% 27.88% 35.56%

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.