New Haven, 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 New Haven, Indiana rental market.
New Haven, Indiana
Average Apartment Rent
$1,006
Y-o-Y Change in Average
Apartment Rent
16.8%
As of July 2024
Compared to a year ago, New Haven, Indiana apartments have recorded a 16.8% rent increase.
New Haven, Indiana |Average apartment rent trend
New Haven, Indiana| Average apartment rent
New Haven, Indiana | Apartment rent ranges
At 61.27%, apartments priced $1,000 - $1,500 represent the bulk of New Haven, Indiana rentals, while condos priced $500 - $700 hold the lowest share of the market – 11.27%.
New Haven, Indiana | Housing tenure**
Renters take up 24% of New Haven, Indiana real estate, occupying a total of 1,527 units, while homeowners live in 4,871 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$38,633
Average household size of renter-occupied housing units**
2.33
Rental vacancy rate**
4.6%
New Haven, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 600 rentals in New Haven, Indiana with 3 beds making up the highest share of the market, at 39%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 21 units. Overall, the median number of rooms in New Haven, Indiana homes for rent is 4.7.
New Haven, Indiana |Renter-occupied units by age of householder**
Most condos for rent in New Haven, Indiana are occupied by residents in the 25 - 34 years age group (21%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
New Haven, Indiana | Renter-occupied housing units by family type**
New Haven, Indiana | Renter-occupied housing units by the presence of own children**
A total of 756 apartments for rent in New Haven, Indiana, or 50% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 557 units. All in all, the median size of a renter-occupied household in New Haven, Indiana is 2.33.
New Haven, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in New Haven, Indiana.
New Haven, Indiana | Renter-occupied units by year structure built**
The highest share of New Haven, Indiana apartment rentals, namely 22% or 333 units, were Built 1990 - 1999, followed by those Built 1960 - 1969 (21%, 323 units), and the ones Built 1970 - 1979 (19%, 295 units).
New Haven, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most New Haven, Indiana renters (40%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their New Haven, Indiana condos for rent is 2016.
New Haven, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of New Haven, Indiana renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 8% have No vehicle available.
New Haven, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
New Haven, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
New Haven, 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 New Haven, 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
