Vera Cruz, 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 Vera Cruz, Indiana rental market.
Vera Cruz, Indiana
Average Apartment Rent
$982
Y-o-Y Change in Average
Apartment Rent
17.3%
As of July 2024
Compared to a year ago, Vera Cruz, Indiana apartments have recorded a 17.3% rent increase.
Vera Cruz, Indiana |Average apartment rent trend
Vera Cruz, Indiana| Average apartment rent
Vera Cruz, Indiana | Apartment rent ranges
At 55.56%, apartments priced $1,000 - $1,500 represent the bulk of Vera Cruz, Indiana rentals, while condos priced $700 - $1000 hold the lowest share of the market – 44.44%.
Vera Cruz, Indiana | Housing tenure**
Renters take up 55% of Vera Cruz, Indiana real estate, occupying a total of 18 units, while homeowners live in 15 properties.
Median number of rooms of renter-occupied housing units**
5.2
Renter median household income**
$53,571
Average household size of renter-occupied housing units**
1.22
Vera Cruz, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 9 rentals in Vera Cruz, Indiana with 1 bed making up the highest share of the market, at 50%. Units with 2 beds, on the other hand, hold the lowest percentage (6%), amounting to 1 units. Overall, the median number of rooms in Vera Cruz, Indiana homes for rent is 5.2.
Vera Cruz, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Vera Cruz, Indiana are occupied by residents in the 15 - 24 years age group (44%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 11%.
Vera Cruz, Indiana | Renter-occupied housing units by family type**
Vera Cruz, Indiana | Renter-occupied housing units by the presence of own children**
Vera Cruz, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 0% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Vera Cruz, Indiana.
Vera Cruz, Indiana | Renter-occupied units by year structure built**
The highest share of Vera Cruz, Indiana apartment rentals, namely 39% or 7 units, were Built 1960 - 1969, followed by those Built 1939 or earlier (33%, 6 units), and the ones Built 1940 - 1949 (11%, 2 units).
Vera Cruz, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Vera Cruz, Indiana renters (56%) moved in 2018 to 2020, while only 17% of them moved in 2010 to 2017. Overall, the median year renters have occupied their Vera Cruz, Indiana condos for rent is 2018.
Vera Cruz, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 39% of Vera Cruz, Indiana renters have 3 or more vehicles available per household, 33% of them have 2 vehicles available, and 28% have 1 vehicle available.
Vera Cruz, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Vera Cruz, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Vera Cruz, 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 Vera Cruz, 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
