Kendallville, 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 Kendallville, Indiana rental market.
Kendallville, Indiana
Average Apartment Rent
$873
Y-o-Y Change in Average
Apartment Rent
-1.2%
As of July 2024
Compared to a year ago, Kendallville, Indiana apartments have recorded a -1.2% rent decrease.
Kendallville, Indiana |Average apartment rent trend
Kendallville, Indiana| Average apartment rent
Kendallville, Indiana | Apartment rent ranges
At 68.57%, apartments priced $1,000 - $1,500 represent the bulk of Kendallville, Indiana rentals, while condos priced $500 - $700 hold the lowest share of the market – 31.43%.
Kendallville, Indiana | Housing tenure**
Renters take up 37% of Kendallville, Indiana real estate, occupying a total of 1,513 units, while homeowners live in 2,611 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$27,390
Average household size of renter-occupied housing units**
1.81
Rental vacancy rate**
9.4%
Kendallville, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 624 rentals in Kendallville, Indiana with 1 bed making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 19 units. Overall, the median number of rooms in Kendallville, Indiana homes for rent is 3.7.
Kendallville, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Kendallville, Indiana are occupied by residents in the 75 - 84 years age group (19%), followed by those in the 55 - 59 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 – 2%.
Kendallville, Indiana | Renter-occupied housing units by family type**
Kendallville, Indiana | Renter-occupied housing units by the presence of own children**
A total of 458 apartments for rent in Kendallville, Indiana, or 30% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 359 units. All in all, the median size of a renter-occupied household in Kendallville, Indiana is 1.81.
Kendallville, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 4% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Kendallville, Indiana.
Kendallville, Indiana | Renter-occupied units by year structure built**
The highest share of Kendallville, Indiana apartment rentals, namely 36% or 545 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (19%, 290 units), and the ones Built 1939 or earlier (17%, 256 units).
Kendallville, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Kendallville, Indiana renters (51%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Kendallville, Indiana condos for rent is 2019.
Kendallville, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Kendallville, Indiana renters have 1 vehicle available per household, 36% of them have No vehicle available, and 18% have 2 vehicles available.
Kendallville, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Kendallville, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Kendallville, 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 Kendallville, 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
