Noblesville, 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 Noblesville, Indiana rental market.
Noblesville, Indiana
Average Apartment Rent
$1,521
Y-o-Y Change in Average
Apartment Rent
4.5%
As of July 2024
Compared to a year ago, Noblesville, Indiana apartments have recorded a 4.5% rent increase.
Noblesville, Indiana |Average apartment rent trend
Noblesville, Indiana| Average apartment rent
Noblesville, Indiana | Apartment rent ranges
At 50.76%, apartments priced $1,000 - $1,500 represent the bulk of Noblesville, Indiana rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.33%.
Noblesville, Indiana | Housing tenure**
Renters take up 28% of Noblesville, Indiana real estate, occupying a total of 7,108 units, while homeowners live in 18,394 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$59,550
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
7.1%
Noblesville, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 3,183 rentals in Noblesville, Indiana with 2 beds making up the highest share of the market, at 45%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 122 units. Overall, the median number of rooms in Noblesville, Indiana homes for rent is 4.3.
Noblesville, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Noblesville, Indiana are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Noblesville, Indiana | Renter-occupied housing units by family type**
Noblesville, Indiana | Renter-occupied housing units by the presence of own children**
A total of 3,406 apartments for rent in Noblesville, Indiana, or 48% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 2,256 units. All in all, the median size of a renter-occupied household in Noblesville, Indiana is 2.24.
Noblesville, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 36% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Noblesville, Indiana.
Noblesville, Indiana | Renter-occupied units by year structure built**
The highest share of Noblesville, Indiana apartment rentals, namely 26% or 1,855 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (25%, 1,763 units), and the ones Built 1990 - 1999 (15%, 1,085 units).
Noblesville, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Noblesville, Indiana renters (48%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Noblesville, Indiana condos for rent is 2019.
Noblesville, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Noblesville, Indiana renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 8% have 3 vehicles available.
Noblesville, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Noblesville, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Noblesville, 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 Noblesville, 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
