Homecroft, 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 Homecroft, Indiana rental market.
Homecroft, Indiana
Average Apartment Rent
$1,078
Y-o-Y Change in Average
Apartment Rent
5.2%
As of July 2024
Compared to a year ago, Homecroft, Indiana apartments have recorded a 5.2% rent increase.
Homecroft, Indiana |Average apartment rent trend
Homecroft, Indiana| Average apartment rent
Homecroft, Indiana | Apartment rent ranges
At 56.15%, apartments priced $1,000 - $1,500 represent the bulk of Homecroft, Indiana rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.93%.
Homecroft, Indiana | Housing tenure**
Renters take up 9% of Homecroft, Indiana real estate, occupying a total of 31 units, while homeowners live in 308 properties.
Median number of rooms of renter-occupied housing units**
6.6
Renter median household income**
$109,083
Average household size of renter-occupied housing units**
2.19
Homecroft, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 28 rentals in Homecroft, Indiana with 3 beds making up the highest share of the market, at 90%. Units with 2 beds, on the other hand, hold the lowest percentage (10%), amounting to 3 units. Overall, the median number of rooms in Homecroft, Indiana homes for rent is 6.6.
Homecroft, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Homecroft, Indiana are occupied by residents in the 35 - 44 years age group (48%), followed by those in the 25 - 34 years age group (32%). At the same time, people in the 45 - 54 years age group make up the lowest share of the local rental market – 10%.
Homecroft, Indiana | Renter-occupied housing units by family type**
Homecroft, Indiana | Renter-occupied housing units by the presence of own children**
Homecroft, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 90% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Homecroft, Indiana.
Homecroft, Indiana | Renter-occupied units by year structure built**
The highest share of Homecroft, Indiana apartment rentals, namely 81% or 25 units, were Built 1950 - 1959, followed by those Built 1939 or earlier (10%, 3 units), and the ones Built 1960 - 1969 (10%, 3 units).
Homecroft, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Homecroft, Indiana renters (90%) moved in 2010 to 2017, while only 10% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Homecroft, Indiana condos for rent is 2014.
Homecroft, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 90% of Homecroft, Indiana renters have 2 or more vehicles available per household, while 10% of them have 1 vehicle available.
Homecroft, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Homecroft, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Homecroft, 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 Homecroft, 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
