Rocky Ripple, 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 Rocky Ripple, Indiana rental market.
Rocky Ripple, Indiana
Average Apartment Rent
$1,147
Y-o-Y Change in Average
Apartment Rent
-5%
As of July 2024
Compared to a year ago, Rocky Ripple, Indiana apartments have recorded a -5% rent decrease.
Rocky Ripple, Indiana |Average apartment rent trend
Rocky Ripple, Indiana| Average apartment rent
Rocky Ripple, Indiana | Apartment rent ranges
At 47.25%, apartments priced $1,000 - $1,500 represent the bulk of Rocky Ripple, Indiana rentals, while condos priced Over $2,000 hold the lowest share of the market – 1.71%.
Rocky Ripple, Indiana | Housing tenure**
Renters take up 23% of Rocky Ripple, Indiana real estate, occupying a total of 64 units, while homeowners live in 215 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$48,750
Average household size of renter-occupied housing units**
2.11
Rocky Ripple, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 36 rentals in Rocky Ripple, Indiana with 3 beds making up the highest share of the market, at 56%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 2 units. Overall, the median number of rooms in Rocky Ripple, Indiana homes for rent is 5.
Rocky Ripple, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Rocky Ripple, Indiana are occupied by residents in the 25 - 34 years age group (56%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 5%.
Rocky Ripple, Indiana | Renter-occupied housing units by family type**
Rocky Ripple, Indiana | Renter-occupied housing units by the presence of own children**
A total of 34 apartments for rent in Rocky Ripple, Indiana, or 53% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 13 units. All in all, the median size of a renter-occupied household in Rocky Ripple, Indiana is 2.11.
Rocky Ripple, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 58% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Rocky Ripple, Indiana.
Rocky Ripple, Indiana | Renter-occupied units by year structure built**
The highest share of Rocky Ripple, Indiana apartment rentals, namely 52% or 33 units, were Built 1950 - 1959, followed by those Built 1939 or earlier (19%, 12 units), and the ones Built 1990 - 1999 (13%, 8 units).
Rocky Ripple, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Rocky Ripple, Indiana renters (50%) moved in 2010 to 2017, while only 8% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Rocky Ripple, Indiana condos for rent is 2017.
Rocky Ripple, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Rocky Ripple, Indiana renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 14% have 4 or more vehicles available.
Rocky Ripple, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Rocky Ripple, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Rocky Ripple, 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 Rocky Ripple, 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
