What is the median rent in Hobart Township, IN?
The median gross rent in Hobart Township, IN is $1,137 (±$61) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 4,326 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Hobart Township, the median gross rent went from $946 in 2015–2019 to $1,137 in 2020–2024 (+20.2%).
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
- $1,137 (±$61)
- Rented homes
- 4,326 (±660)
- $2,000 or more
- 0.9%
- Since 2015–2019
- +20.2%
How much rent costs in Hobart Township
| Monthly gross rent | Hobart Township | Lake County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 4.8% (±3.1 points) | 8.5% | 7.1% | 6.3% |
| $500 to $999 | 28.5% (±8.1 points) | 27.4% | 36.9% | 20.2% |
| $1,000 to $1,499 | 48.6% (±8.9 points) | 45.2% | 38.5% | 28.1% |
| $1,500 to $1,999 | 17.2% (±6.6 points) | 14.3% | 12.0% | 21.1% |
| $2,000 to $2,499 | 0.6% (±0.8 points) | 3.1% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±0.9 points) | 0.3% | 1.0% | 5.5% |
| $3,000 or more | 0.3% (±0.5 points) | 1.4% | 0.9% | 6.8% |
The most common range is $1,000 to $1,499, paid by 48.6% of renting households.
0.9% of rented homes in Hobart Township cost $2,000 or more a month.
Hobart Township against Lake County, its state and the nation
| Hobart Township | Lake County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $1,137 (±$61) | $1,131 (±$16) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 4,326 (±660) | 51,576 (±1,565) | 758,146 (±6,704) | 42,849,984 |
In Hobart Township, median gross rent is not measurably different from Lake County ($1,131).
It is also higher than in Indiana ($1,062).
It is lower than the national figure ($1,413).
In Lake County, Hobart Township ranks 17 of 29 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 199 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Hobart Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $946 (±$35) | $1,137 (±$61) | +20.2% | No measurable change after inflation |
| Households that rent | 24.5% (±2.6 points) | 28.1% (±3.8 points) | +3.6 percentage points | Not a measurable change |
| Rental vacancy rate | 7.4% (±4.4 points) | 4.2% (±3.5 points) | −3.2 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 Hobart Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Hobart Township | — | $1,137 (±$61) | — |
| New Chicago | 1.0 mi | $1,141 (±$143) | Not measurably different |
| Lake Station | 2.2 mi | $1,124 (±$84) | Not measurably different |
| Hobart | 2.3 mi | $1,206 (±$82) | Not measurably different |
| Portage Township (Porter County) | 5.0 mi | $1,248 (±$60) | Higher |
| Ross Township (Lake County) | 5.1 mi | $1,346 (±$67) | Higher |
| Gary | 5.3 mi | $1,012 (±$38) | Lower |
| Calumet Township | 5.4 mi | $1,061 (±$31) | Lower |
| Portage | 5.4 mi | $1,231 (±$64) | Higher |
Nearby places with a measurably lower figure: Gary, IN ($1,012), Calumet Township, IN ($1,061).
Nearby places with a measurably higher figure: Portage Township (Porter County), IN ($1,248), Ross Township (Lake County), IN ($1,346), Portage, IN ($1,231).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Lake County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 11 | Merrillville | $1,282 (±$113) |
| 12 | Griffith | $1,235 (±$57) |
| 13 | Highland | $1,230 (±$104) |
| 14 | Dyer | $1,225 (±$319) |
| 15 | Hobart | $1,206 (±$82) |
| 16 | New Chicago | $1,141 (±$143) |
| 17 | Hobart Township | $1,137 (±$61) |
| 18 | Hammond | $1,134 (±$33) |
| 19 | Schneider | $1,125 (±$60) |
| 20 | Lake Station | $1,124 (±$84) |
| 21 | Lowell | $1,123 (±$83) |
| 22 | Cedar Creek Township (Lake County) | $1,108 (±$71) |
| 23 | North Township (Lake County) | $1,081 (±$26) |
Showing 13 of 29 places in Lake 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 Hobart Township
What is the average rent in Hobart Township, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Hobart Township is $1,137 (±$61) 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 Hobart Township?
In Hobart Township, the median gross rent went from $946 in 2015–2019 to $1,137 in 2020–2024 (+20.2%).
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 Hobart Township cost more than $2,000 a month?
0.9% of rented homes in Hobart Township have a gross rent of $2,000 or more a month, and 4.8% cost less than $500.
Is rent in Hobart Township higher than in Lake County?
In Hobart Township, median gross rent is not measurably different from Lake County ($1,131).
It is also higher than in 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 — Hobart township, Lake County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hobart township, Lake County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Hobart township, Lake 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 Hobart township, Lake County, Indiana (county subdivision:34132, in state:18 county:089).
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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- Income and affordability in Hobart Township
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- Homeowner costs in Hobart Township
- Property taxes in Hobart Township
- Types of homes in Hobart Township
- Bedrooms in Hobart Township
- Age of homes in Hobart Township
- Vacancy rate in Hobart Township
- Heating fuel in Hobart Township
- Commute and cars in Hobart Township
- Population growth in Hobart Township
- How long people stay in Hobart Township
- Crowding and facilities in Hobart Township
- Fair Market Rent in Hobart Township
- Indiana landlord and tenant rules
- Housing across Lake County
- Indiana places ranked by median rent
- Housing data for every place in Indiana