What percentage of people rent in Albion, IN?
31.8% (±9.7 points) of the occupied homes in Albion, IN are rented (2020–2024 American Community Survey).
That is 279 renting households against 599 that own their home.
In Albion, the share of households that rent went from 49.9% in 2015–2019 to 31.8% in 2020–2024 (−18.1 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 31.8% (±9.7 points)
- Renting households
- 279 (±103)
- Median renter income
- $60,104 (±$11,728)
Who rents and who owns in Albion
| Albion | Noble County | Indiana | United States | |
|---|---|---|---|---|
| Renter-occupied share | 31.8% (±9.7 points) | 22.9% (±2.6 points) | 29.4% (±0.3 points) | 34.8% |
| Renting households | 279 (±103) | 4,154 (±477) | 799,766 (±7,038) | 45,017,354 |
| Owning households | 599 (±129) | 14,025 (±547) | 1,916,243 (±9,865) | 84,210,142 |
| Average renter household size | 2.3 (±0.5) | 2.1 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 3.2 (±0.6) | 2.7 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $60,104 (±$11,728) | $42,293 (±$6,180) | $42,811 (±$480) | $52,966 |
| Median owner household income | $72,238 (±$14,905) | $81,772 (±$2,504) | $87,459 (±$395) | $100,009 |
In Albion, the renter share is not measurably different from Noble County (22.9%).
It is not measurably different from Indiana (29.4%).
It is not measurably different from the national figure (34.8%).
In Noble County, Albion ranks 5 of 19 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 284 of 1,600.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Albion has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 49.9% (±7.5 points) | 31.8% (±9.7 points) | −18.1 percentage points | Measurable decrease |
| Median gross rent | $721 (±$30) | $962 (±$164) | +33.4% | No measurable change after inflation |
| Median household income | $46,938 (±$8,220) | $70,565 (±$5,020) | +50.3% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Albion
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Albion | — | 31.8% (±9.7 points) | — |
| Albion Township | 0.3 mi | 31.5% (±9.6 points) | Not measurably different |
| Jefferson Township (Noble County) | 3.2 mi | 21.3% (±12.0 points) | Not measurably different |
| York Township (Noble County) | 3.7 mi | 9.8% (±9.0 points) | Lower |
| Orange Township (Noble County) | 6.7 mi | 15.9% (±4.8 points) | Lower |
| Green Township (Noble County) | 7.0 mi | 11.3% (±9.7 points) | Lower |
| Elkhart Township (Noble County) | 7.1 mi | 6.6% (±6.0 points) | Lower |
| Rome City | 7.1 mi | 18.2% (±7.6 points) | Lower |
| Noble Township (Noble County) | 7.1 mi | 6.1% (±4.8 points) | Lower |
Nearby places with a measurably lower figure: York Township (Noble County), IN (9.8%), Orange Township (Noble County), IN (15.9%), Green Township (Noble County), IN (11.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Noble County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Cromwell | 56.5% (±15.8 points) |
| 2 | Ligonier | 48.0% (±10.0 points) |
| 3 | Kendallville | 38.2% (±6.0 points) |
| 4 | Wayne Township (Noble County) | 36.1% (±6.6 points) |
| 5 | Albion | 31.8% (±9.7 points) |
| 6 | Perry Township (Noble County) | 31.7% (±8.7 points) |
| 7 | Albion Township | 31.5% (±9.6 points) |
| 8 | Avilla | 28.2% (±9.2 points) |
| 9 | Jefferson Township (Noble County) | 21.3% (±12.0 points) |
| 10 | Allen Township (Noble County) | 19.1% (±5.3 points) |
| 11 | Rome City | 18.2% (±7.6 points) |
Showing 11 of 19 places in Noble County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Albion
How many renters are there in Albion?
Albion has an estimated 279 (±103) renting households, 31.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Albion?
In Albion, the share of households that rent went from 49.9% in 2015–2019 to 31.8% in 2020–2024 (−18.1 percentage points), a measurable decrease.
How big are renting households in Albion?
A renting household in Albion has 2.3 people on average, against 3.2 in an owned home.
How much do renters earn in Albion?
The median renting household in Albion, IN has an income of $60,104 (±$11,728) a year, against $72,238 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Albion town, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Albion town, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Albion town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Albion town, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Albion town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Albion town, Indiana (place:00820, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Albion at a glance
- Median rent in Albion
- Rent by bedrooms in Albion
- Income and affordability in Albion
- Home values in Albion
- Homeowner costs in Albion
- Property taxes in Albion
- Types of homes in Albion
- Bedrooms in Albion
- Age of homes in Albion
- Heating fuel in Albion
- Commute and cars in Albion
- Crime reported to police in Albion
- Population growth in Albion
- How long people stay in Albion
- Indiana landlord and tenant rules
- Housing across Noble County
- Indiana places ranked by share of renters
- Housing data for every place in Indiana