What is the median rent in Fairmount Township, IN?
The median gross rent in Fairmount Township, IN is $1,027 (±$233) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 251 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Fairmount Township, the median gross rent went from $561 in 2015–2019 to $1,027 in 2020–2024 (+83.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median gross rent
- $1,027 (±$233)
- Rented homes
- 251 (±119)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +83.1%
How much rent costs in Fairmount Township
| Monthly gross rent | Fairmount Township | Grant County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 14.7% (±13.6 points) | 12.5% | 7.1% | 6.3% |
| $500 to $999 | 29.9% (±20.4 points) | 53.3% | 36.9% | 20.2% |
| $1,000 to $1,499 | 51.8% (±25.3 points) | 26.0% | 38.5% | 28.1% |
| $1,500 to $1,999 | 3.6% (±6.5 points) | 4.1% | 12.0% | 21.1% |
| $2,000 to $2,499 | 0.0% (±13.8 points) | 0.7% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±13.8 points) | 2.9% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±13.8 points) | 0.5% | 0.9% | 6.8% |
The most common range is $1,000 to $1,499, paid by 51.8% of renting households.
0.0% of rented homes in Fairmount Township cost $2,000 or more a month.
Fairmount Township against Grant County, its state and the nation
| Fairmount Township | Grant County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $1,027 (±$233) | $853 (±$44) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 251 (±119) | 6,704 (±507) | 758,146 (±6,704) | 42,849,984 |
In Fairmount Township, median gross rent is not measurably different from Grant County ($853).
It is not measurably different from Indiana ($1,062).
It is lower than the national figure ($1,413).
In Grant County, Fairmount Township ranks 3 of 21 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 315 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Fairmount Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $561 (±$132) | $1,027 (±$233) | +83.1% | Up after inflation |
| Households that rent | 23.1% (±5.8 points) | 19.4% (±7.6 points) | −3.7 percentage points | Not a measurable change |
| Rental vacancy rate | 3.4% (±4.2 points) | 12.0% (±17.3 points) | +8.6 percentage points | Not a measurable change |
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.
Median gross rent in places near Fairmount Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Fairmount Township | — | $1,027 (±$233) | — |
| Fairmount | 1.8 mi | $1,026 (±$209) | Not measurably different |
| Fowlerton | 2.3 mi | $814 (±$137) | Not measurably different |
| Jonesboro | 4.2 mi | $975 (±$205) | Not measurably different |
| Mill Township | 4.4 mi | $872 (±$148) | Not measurably different |
| Gas City | 4.9 mi | $901 (±$194) | Not measurably different |
| Van Buren Township (Madison County) | 5.3 mi | $760 (±$73) | Lower |
| Jefferson Township (Grant County) | 6.0 mi | $905 (±$172) | Not measurably different |
| Summitville | 6.0 mi | $760 (±$73) | Lower |
Nearby places with a measurably lower figure: Van Buren Township (Madison County), IN ($760), Summitville, IN ($760).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Grant County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Pleasant Township (Grant County) | $1,235 (±$249) |
| 2 | Sweetser | $1,063 (±$299) |
| 3 | Fairmount Township | $1,027 (±$233) |
| 4 | Fairmount | $1,026 (±$209) |
| 5 | Upland | $982 (±$125) |
| 6 | Jonesboro | $975 (±$205) |
| 7 (tie) | Swayzee | $925 (±$415) |
| 7 (tie) | Sims Township | $925 (±$415) |
| 9 | Jefferson Township (Grant County) | $905 (±$172) |
Showing 9 of 21 places in Grant 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 Fairmount Township
What is the average rent in Fairmount Township, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Fairmount Township is $1,027 (±$233) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Fairmount Township?
In Fairmount Township, the median gross rent went from $561 in 2015–2019 to $1,027 in 2020–2024 (+83.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
How many rentals in Fairmount Township cost more than $2,000 a month?
0.0% of rented homes in Fairmount Township have a gross rent of $2,000 or more a month, and 14.7% cost less than $500.
Is rent in Fairmount Township higher than in Grant County?
In Fairmount Township, median gross rent is not measurably different from Grant County ($853).
It is not measurably different from Indiana ($1,062).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Fairmount township, Grant County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Fairmount township, Grant County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Fairmount township, Grant County, 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) for Fairmount township, Grant County, Indiana (county subdivision:22441, in state:18 county:053).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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
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- Renters and owners in Fairmount Township
- Income and affordability in Fairmount Township
- Home values in Fairmount Township
- Homeowner costs in Fairmount Township
- Property taxes in Fairmount Township
- Types of homes in Fairmount Township
- Bedrooms in Fairmount Township
- Age of homes in Fairmount Township
- Heating fuel in Fairmount Township
- Commute and cars in Fairmount Township
- Population growth in Fairmount Township
- How long people stay in Fairmount Township
- Indiana landlord and tenant rules
- Housing across Grant County
- Indiana places ranked by median rent
- Housing data for every place in Indiana