Jeffersonville, 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 Jeffersonville, Indiana rental market.
Highlights
An apartment for rent in Jeffersonville, Indiana typically goes for $1,170 per month, while a single-family home for rent in Jeffersonville, Indiana has a monthly cost of around $1,755. Renter-occupied units make up 29% of the local housing market, while the rental vacancy rate in Jeffersonville, Indiana is at 8.4.
Jeffersonville, Indiana
Average Apartment Rent
$1,170
Y-o-Y Change in Average
Apartment Rent
2%
Average Single-Family Rent
$1,755
As of July 2024
Compared to a year ago, Jeffersonville, Indiana apartments have recorded a 2% rent increase.
Jeffersonville, Indiana |Average apartment rent trend
Jeffersonville, Indiana| Average apartment rent
Jeffersonville, Indiana | Apartment rent ranges
At 53.67%, apartments priced $1,000 - $1,500 represent the bulk of Jeffersonville, Indiana rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.11%.
Jeffersonville, Indiana | Housing tenure**
Renters take up 29% of Jeffersonville, Indiana real estate, occupying a total of 5,822 units, while homeowners live in 14,589 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$37,396
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
8.4%
Jeffersonville, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 2,721 rentals in Jeffersonville, Indiana with 2 beds making up the highest share of the market, at 47%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 116 units. Overall, the median number of rooms in Jeffersonville, Indiana homes for rent is 4.3.
Jeffersonville, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Jeffersonville, Indiana are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Jeffersonville, Indiana | Renter-occupied housing units by family type**
Jeffersonville, Indiana | Renter-occupied housing units by the presence of own children**
A total of 2,944 apartments for rent in Jeffersonville, Indiana, or 51% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 1,752 units. All in all, the median size of a renter-occupied household in Jeffersonville, Indiana is 2.24.
Jeffersonville, 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 13% of the homes for rent in Jeffersonville, Indiana.
Jeffersonville, Indiana | Renter-occupied units by year structure built**
The highest share of Jeffersonville, Indiana apartment rentals, namely 18% or 1,056 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (18%, 1,048 units), and the ones Built 1960 - 1969 (16%, 940 units).
Jeffersonville, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Jeffersonville, Indiana renters (43%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Jeffersonville, Indiana condos for rent is 2017.
Jeffersonville, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Jeffersonville, Indiana renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 13% have No vehicle available.
Jeffersonville, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Jeffersonville, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Jeffersonville, 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 Jeffersonville, 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
