Beech Grove, Indiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Beech Grove, Indiana rental market.
Beech Grove, Indiana
Average Apartment Rent
$1,193
Y-o-Y Change in Average
Apartment Rent
3%
As of July 2024
Compared to a year ago, Beech Grove, Indiana apartments have recorded a 3% rent increase.
Beech Grove, Indiana |Average apartment rent trend
Beech Grove, Indiana| Average apartment rent
Beech Grove, Indiana | Apartment rent ranges
At 43.92%, apartments priced $1,000 - $1,500 represent the bulk of Beech Grove, Indiana rentals, while condos priced $500 - $700 hold the lowest share of the market – 1.71%.
Beech Grove, Indiana | Housing tenure**
Renters take up 45% of Beech Grove, Indiana real estate, occupying a total of 2,889 units, while homeowners live in 3,603 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$38,872
Average household size of renter-occupied housing units**
1.83
Rental vacancy rate**
2.4%
Beech Grove, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 1,559 rentals in Beech Grove, Indiana with 2 beds making up the highest share of the market, at 54%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 96 units. Overall, the median number of rooms in Beech Grove, Indiana homes for rent is 4.5.
Beech Grove, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Beech Grove, Indiana are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Beech Grove, Indiana | Renter-occupied housing units by family type**
Beech Grove, Indiana | Renter-occupied housing units by the presence of own children**
A total of 915 apartments for rent in Beech Grove, Indiana, or 32% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 618 units. All in all, the median size of a renter-occupied household in Beech Grove, Indiana is 1.83.
Beech Grove, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 20% of the homes for rent in Beech Grove, Indiana.
Beech Grove, Indiana | Renter-occupied units by year structure built**
The highest share of Beech Grove, Indiana apartment rentals, namely 34% or 994 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (15%, 436 units), and the ones Built 1950 - 1959 (15%, 421 units).
Beech Grove, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Beech Grove, Indiana renters (45%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Beech Grove, Indiana condos for rent is 2018.
Beech Grove, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 63% of Beech Grove, Indiana renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 8% have No vehicle available.
Beech Grove, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Beech Grove, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Beech Grove, Indiana | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Beech Grove, Indiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
