Rochester, 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 Rochester, Indiana rental market.
Rochester, Indiana
Average Apartment Rent
$638
Y-o-Y Change in Average
Apartment Rent
-9%
As of July 2024
Compared to a year ago, Rochester, Indiana apartments have recorded a -9% rent decrease.
Rochester, Indiana |Average apartment rent trend
Rochester, Indiana| Average apartment rent
Rochester, Indiana | Housing tenure**
Renters take up 38% of Rochester, Indiana real estate, occupying a total of 955 units, while homeowners live in 1,579 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$35,538
Average household size of renter-occupied housing units**
2.19
Rochester, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 418 rentals in Rochester, Indiana with 2 beds making up the highest share of the market, at 44%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 35 units. Overall, the median number of rooms in Rochester, Indiana homes for rent is 4.5.
Rochester, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Rochester, Indiana are occupied by residents in the 45 - 54 years age group (21%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Rochester, Indiana | Renter-occupied housing units by family type**
Rochester, Indiana | Renter-occupied housing units by the presence of own children**
A total of 391 apartments for rent in Rochester, Indiana, or 41% of all rentals are family households. Additionally, 19% of rental homes include children under the age of 18 – that’s 181 units. All in all, the median size of a renter-occupied household in Rochester, Indiana is 2.19.
Rochester, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Rochester, Indiana.
Rochester, Indiana | Renter-occupied units by year structure built**
The highest share of Rochester, Indiana apartment rentals, namely 30% or 291 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (18%, 171 units), and the ones Built 2000 - 2009 (14%, 130 units).
Rochester, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Rochester, Indiana renters (51%) moved in 2010 to 2017, while only 10% of them moved in 2021 or later. Overall, the median year renters have occupied their Rochester, Indiana condos for rent is 2016.
Rochester, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Rochester, Indiana renters have 1 vehicle available per household, 20% of them have No vehicle available, and 18% have 2 vehicles available.
Rochester, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Rochester, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Rochester, 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 Rochester, 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
