What is the rental vacancy rate in Hobart, IN?

The rental vacancy rate in Hobart, IN is 5.7% (±4.5 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 2.3% (±1.8 points).

853 (±296) homes, 6.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Hobart, the rental vacancy rate went from 9.2% in 2015–2019 to 5.7% in 2020–2024 (−3.5 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
5.7% (±4.5 points)
Homeowner vacancy rate
2.3% (±1.8 points)
Vacant homes
853 (±296)

Vacancy in Hobart against Lake County, its state and the nation

Estimate (90% margin of error)
HobartLake CountyIndianaUnited States
Rental vacancy rate5.7% (±4.5 points)5.1% (±0.9 points)5.6% (±0.3 points)5.5%
Homeowner vacancy rate2.3% (±1.8 points)0.6% (±0.2 points)0.8% (±0.1 points)0.9%
Vacant housing units853 (±296)22,306 (±960)260,559 (±6,417)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Hobart, the rental vacancy rate is not measurably different from Lake County (5.1%).

It is not measurably different from Indiana (5.6%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Hobart

Nearest places with a published estimate, compared with Hobart
PlaceDistanceRental vacancy rateCompared with this place
Hobart—5.7% (±4.5 points)—
Hobart Township2.3 mi4.2% (±3.5 points)Not measurably different
Ross Township (Lake County)2.9 mi3.2% (±2.3 points)Not measurably different
New Chicago3.1 mi6.8% (±10.5 points)Not measurably different
Merrillville3.6 mi3.1% (±2.4 points)Not measurably different
Lake Station4.5 mi0.0% (±2.8 points)Lower
Ross5.3 mi3.6% (±3.4 points)Not measurably different
Union Township (Porter County)5.8 mi0.0% (±15.9 points)Not measurably different
Calumet Township6.2 mi7.0% (±1.5 points)Not measurably different

Nearby places with a measurably lower figure: Lake Station, IN (0.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Lake County, place by place

RankPlaceRental vacancy rate
4Highland10.3% (±5.7 points)
5Griffith8.8% (±6.9 points)
6 (tie)Gary7.0% (±1.5 points)
6 (tie)Calumet Township7.0% (±1.5 points)
8 (tie)Dyer6.8% (±11.2 points)
8 (tie)New Chicago6.8% (±10.5 points)
10Hobart5.7% (±4.5 points)
11Hammond5.0% (±1.7 points)
12 (tie)Whiting4.9% (±6.1 points)
12 (tie)North Township (Lake County)4.9% (±1.3 points)
14Hobart Township4.2% (±3.5 points)
15Ross Township (Lake County)3.2% (±2.3 points)
16 (tie)Merrillville3.1% (±2.4 points)

Showing 13 of 31 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

Is it hard to find a rental in Hobart?

The rental vacancy rate in Hobart, IN is 5.7% (±4.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Hobart tighter than it was?

In Hobart, the rental vacancy rate went from 9.2% in 2015–2019 to 5.7% in 2020–2024 (−3.5 percentage points), not a measurable change.

How many homes are vacant in Hobart?

An estimated 853 (±296) housing units, 6.5% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

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 city, Indiana (place:34114, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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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