Warren Park, 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 Warren Park, Indiana rental market.
Warren Park, Indiana
Average Apartment Rent
$993
Y-o-Y Change in Average
Apartment Rent
5.9%
As of July 2024
Compared to a year ago, Warren Park, Indiana apartments have recorded a 5.9% rent increase.
Warren Park, Indiana |Average apartment rent trend
Warren Park, Indiana| Average apartment rent
Warren Park, Indiana | Apartment rent ranges
At 62.3%, apartments priced $700 - $1000 represent the bulk of Warren Park, Indiana rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.4%.
Warren Park, Indiana | Housing tenure**
Renters take up 66% of Warren Park, Indiana real estate, occupying a total of 572 units, while homeowners live in 290 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$27,024
Average household size of renter-occupied housing units**
1.58
Rental vacancy rate**
19.5%
Warren Park, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 293 rentals in Warren Park, Indiana with 1 bed making up the highest share of the market, at 51%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 10 units. Overall, the median number of rooms in Warren Park, Indiana homes for rent is 3.4.
Warren Park, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Warren Park, Indiana are occupied by residents in the 65 - 74 years age group (22%), followed by those in the 85 years and over age group (18%). At the same time, people in the 25 - 34 years age group make up the lowest share of the local rental market – 3%.
Warren Park, Indiana | Renter-occupied housing units by family type**
Warren Park, Indiana | Renter-occupied housing units by the presence of own children**
A total of 109 apartments for rent in Warren Park, Indiana, or 19% of all rentals are family households. Additionally, 10% of rental homes include children under the age of 18 – that’s 55 units. All in all, the median size of a renter-occupied household in Warren Park, Indiana is 1.58.
Warren Park, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 9% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Warren Park, Indiana.
Warren Park, Indiana | Renter-occupied units by year structure built**
The highest share of Warren Park, Indiana apartment rentals, namely 40% or 229 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (27%, 156 units), and the ones Built 1970 - 1979 (18%, 104 units).
Warren Park, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Warren Park, Indiana renters (52%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Warren Park, Indiana condos for rent is 2014.
Warren Park, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Warren Park, Indiana renters have 1 vehicle available per household, 41% of them have No vehicle available, and 8% have 2 vehicles available.
Warren Park, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Warren Park, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Warren Park, 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 Warren Park, 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
