Ellettsville, 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 Ellettsville, Indiana rental market.
Ellettsville, Indiana
Average Apartment Rent
$1,948
Y-o-Y Change in Average
Apartment Rent
3.4%
As of November 2024
Compared to a year ago, Ellettsville, Indiana apartments have recorded a 3.4% rent increase.
Ellettsville, Indiana Average apartment rent trend
Ellettsville, Indiana Average Apartment Rent
Ellettsville, Indiana Apartment rent ranges
At 41.7%, apartments priced Over $2,000 represent the bulk of Ellettsville, Indiana rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 15.36%.
Ellettsville, Indiana Housing tenure**
Renters take up 14% of Ellettsville, Indiana real estate, occupying a total of 371 units, while homeowners live in 2,336 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$23,102
Average household size of renter-occupied housing units**
1.61
Rental vacancy rate**
7.3%
Ellettsville, Indiana Renter-occupied housing units by no. of bedrooms**
There are 175 rentals in Ellettsville, Indiana with 1 bed making up the highest share of the market, at 47%. Units with 2 beds, on the other hand, hold the lowest percentage (18%), amounting to 66 units. Overall, the median number of rooms in Ellettsville, Indiana homes for rent is 4.4.
Ellettsville, Indiana Renter-occupied units by age of householder**
Most condos for rent in Ellettsville, Indiana are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 45 - 54 years age group (15%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Ellettsville, Indiana Renter-occupied housing units by family type**
Ellettsville, Indiana Renter-occupied housing units by the presence of own children**
A total of 169 apartments for rent in Ellettsville, Indiana, or 46% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 87 units. All in all, the median size of a renter-occupied household in Ellettsville, Indiana is 1.61.
Ellettsville, Indiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Ellettsville, Indiana.
Ellettsville, Indiana Renter-occupied units by year structure built**
The highest share of Ellettsville, Indiana apartment rentals, namely 27% or 101 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (24%, 90 units), and the ones Built 1990 - 1999 (23%, 86 units).
Ellettsville, Indiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Ellettsville, Indiana renters (45%) moved in 2010 to 2017, while only 9% of them moved in 2021 or later. Overall, the median year renters have occupied their Ellettsville, Indiana condos for rent is 2015.
Ellettsville, Indiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 60% of Ellettsville, Indiana renters have 1 vehicle available per household, 18% of them have No vehicle available, and 15% have 2 vehicles available.
Ellettsville, Indiana Means of transportation to work of householders living in renter-occupied housing units**
Ellettsville, Indiana Geographical mobility in the past year for householders living in renter-occupied housing units**
Ellettsville, 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 Ellettsville, 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
