Decatur, 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 Decatur, Indiana rental market.
Decatur, Indiana
Average Apartment Rent
$953
Y-o-Y Change in Average
Apartment Rent
0.8%
As of July 2024
Compared to a year ago, Decatur, Indiana apartments have recorded a 0.8% rent increase.
Decatur, Indiana |Average apartment rent trend
Decatur, Indiana| Average apartment rent
Decatur, Indiana | Housing tenure**
Renters take up 29% of Decatur, Indiana real estate, occupying a total of 1,199 units, while homeowners live in 3,000 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$36,420
Average household size of renter-occupied housing units**
1.51
Rental vacancy rate**
4.5%
Decatur, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 507 rentals in Decatur, Indiana with 2 beds making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 11 units. Overall, the median number of rooms in Decatur, Indiana homes for rent is 4.1.
Decatur, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Decatur, Indiana are occupied by residents in the 15 - 24 years age group (21%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 5%.
Decatur, Indiana | Renter-occupied housing units by family type**
Decatur, Indiana | Renter-occupied housing units by the presence of own children**
A total of 405 apartments for rent in Decatur, Indiana, or 34% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 207 units. All in all, the median size of a renter-occupied household in Decatur, Indiana is 1.51.
Decatur, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 2% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Decatur, Indiana.
Decatur, Indiana | Renter-occupied units by year structure built**
The highest share of Decatur, Indiana apartment rentals, namely 35% or 424 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (24%, 291 units), and the ones Built 1939 or earlier (15%, 182 units).
Decatur, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Decatur, Indiana renters (41%) moved in 2010 to 2017, while only 2% of them moved in 2021 or later. Overall, the median year renters have occupied their Decatur, Indiana condos for rent is 2016.
Decatur, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Decatur, Indiana renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 19% have No vehicle available.
Decatur, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Decatur, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Decatur, 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 Decatur, 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
