What is the median rent in Hanover Township (Shelby County), IN?
The median gross rent in Hanover Township (Shelby County), IN is $967 (±$256) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 171 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Hanover Township (Shelby County), the median gross rent went from $774 in 2015–2019 to $967 in 2020–2024 (+24.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $967 (±$256)
- Rented homes
- 171 (±62)
- $2,000 or more
- 1.8%
- Since 2015–2019
- +24.9%
How much rent costs in Hanover Township (Shelby County)
| Monthly gross rent | Hanover Township (Shelby County) | Shelby County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 5.3% (±6.2 points) | 3.9% | 7.1% | 6.3% |
| $500 to $999 | 49.1% (±23.2 points) | 48.1% | 36.9% | 20.2% |
| $1,000 to $1,499 | 31.0% (±25.7 points) | 38.6% | 38.5% | 28.1% |
| $1,500 to $1,999 | 12.9% (±12.4 points) | 7.1% | 12.0% | 21.1% |
| $2,000 to $2,499 | 0.0% (±19.6 points) | 1.9% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±19.6 points) | 0.3% | 1.0% | 5.5% |
| $3,000 or more | 1.8% (±3.2 points) | 0.1% | 0.9% | 6.8% |
The most common range is $500 to $999, paid by 49.1% of renting households.
1.8% of rented homes in Hanover Township (Shelby County) cost $2,000 or more a month.
Hanover Township (Shelby County) against Shelby County, its state and the nation
| Hanover Township (Shelby County) | Shelby County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $967 (±$256) | $987 (±$39) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 171 (±62) | 4,687 (±428) | 758,146 (±6,704) | 42,849,984 |
In Hanover Township (Shelby County), median gross rent is not measurably different from Shelby County ($987).
It is not measurably different from Indiana ($1,062).
It is lower than the national figure ($1,413).
In Shelby County, Hanover Township (Shelby County) ranks 8 of 13 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 421 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Hanover Township (Shelby County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $774 (±$58) | $967 (±$256) | +24.9% | No measurable change after inflation |
| Households that rent | 27.3% (±7.4 points) | 22.3% (±7.2 points) | −5.0 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±12.0 points) | 0.0% (±19.3 points) | 0.0 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 Hanover Township (Shelby County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Hanover Township (Shelby County) | — | $967 (±$256) | — |
| Morristown | 3.7 mi | $902 (±$177) | Not measurably different |
| Marion Township (Shelby County) | 5.2 mi | $921 (±$90) | Not measurably different |
| Van Buren Township (Shelby County) | 6.1 mi | $1,056 (±$231) | Not measurably different |
| Ripley Township (Rush County) | 7.8 mi | $775 (±$252) | Not measurably different |
| Carthage | 7.8 mi | $848 (±$100) | Not measurably different |
| Walker Township (Rush County) | 7.9 mi | $669 (±$188) | Not measurably different |
| Shelbyville | 9.5 mi | $995 (±$44) | Not measurably different |
| Brandywine Township (Shelby County) | 10 mi | $941 (±$57) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Shelby County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 2 | Shelby Township (Shelby County) | $1,063 (±$265) |
| 3 | Van Buren Township (Shelby County) | $1,056 (±$231) |
| 4 | Hendricks Township | $1,052 (±$562) |
| 5 | Moral Township | $1,050 (±$474) |
| 6 | Shelbyville | $995 (±$44) |
| 7 | Addison Township | $994 (±$45) |
| 8 | Hanover Township (Shelby County) | $967 (±$256) |
| 9 | Brandywine Township (Shelby County) | $941 (±$57) |
| 10 | Marion Township (Shelby County) | $921 (±$90) |
| 11 | Morristown | $902 (±$177) |
| 12 | Fairland | $883 (±$288) |
| 13 | Jackson Township (Shelby County) | $706 (±$153) |
Showing 12 of 13 places in Shelby 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 Hanover Township (Shelby County)
What is the average rent in Hanover Township (Shelby County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Hanover Township (Shelby County) is $967 (±$256) 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 Hanover Township (Shelby County)?
In Hanover Township (Shelby County), the median gross rent went from $774 in 2015–2019 to $967 in 2020–2024 (+24.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Hanover Township (Shelby County) cost more than $2,000 a month?
1.8% of rented homes in Hanover Township (Shelby County) have a gross rent of $2,000 or more a month, and 5.3% cost less than $500.
Is rent in Hanover Township (Shelby County) higher than in Shelby County?
In Hanover Township (Shelby County), median gross rent is not measurably different from Shelby County ($987).
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 — Hanover township, Shelby County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hanover township, Shelby County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Hanover township, Shelby 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 Hanover township, Shelby County, Indiana (county subdivision:31270, in state:18 county:145).
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 .
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- Population growth in Hanover Township (Shelby County)
- How long people stay in Hanover Township (Shelby County)
- Fair Market Rent in Hanover Township (Shelby County)
- Indiana landlord and tenant rules
- Housing across Shelby County
- Indiana places ranked by median rent
- Housing data for every place in Indiana