What is the median rent in Lafayette Township (Floyd County), IN?
The median gross rent in Lafayette Township (Floyd County), IN is $1,154 (±$231) 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 Lafayette Township (Floyd County), the median gross rent went from $765 in 2015–2019 to $1,154 in 2020–2024 (+50.8%).
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
- $1,154 (±$231)
- Rented homes
- 171 (±70)
- $2,000 or more
- 15.2%
- Since 2015–2019
- +50.8%
How much rent costs in Lafayette Township (Floyd County)
| Monthly gross rent | Lafayette Township (Floyd County) | Floyd County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 16.4% (±20.8 points) | 11.2% | 7.1% | 6.3% |
| $500 to $999 | 16.4% (±19.7 points) | 33.9% | 36.9% | 20.2% |
| $1,000 to $1,499 | 52.0% (±27.0 points) | 46.9% | 38.5% | 28.1% |
| $1,500 to $1,999 | 0.0% (±19.6 points) | 6.4% | 12.0% | 21.1% |
| $2,000 to $2,499 | 15.2% (±24.3 points) | 1.0% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±19.6 points) | 0.2% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±19.6 points) | 0.4% | 0.9% | 6.8% |
The most common range is $1,000 to $1,499, paid by 52.0% of renting households.
15.2% of rented homes in Lafayette Township (Floyd County) cost $2,000 or more a month.
Lafayette Township (Floyd County) against Floyd County, its state and the nation
| Lafayette Township (Floyd County) | Floyd County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $1,154 (±$231) | $1,036 (±$30) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 171 (±70) | 8,253 (±522) | 758,146 (±6,704) | 42,849,984 |
In Lafayette Township (Floyd County), median gross rent is not measurably different from Floyd County ($1,036).
It is not measurably different from Indiana ($1,062).
It is lower than the national figure ($1,413).
In Floyd County, Lafayette Township (Floyd County) ranks 2 of 8 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 184 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Lafayette Township (Floyd County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $765 (±$286) | $1,154 (±$231) | +50.8% | No measurable change after inflation |
| Households that rent | 4.9% (±2.9 points) | 6.0% (±2.3 points) | +1.1 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±21.1 points) | 37.4% (±29.2 points) | +37.4 percentage points | Measurable increase |
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 Lafayette Township (Floyd County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Lafayette Township (Floyd County) | — | $1,154 (±$231) | — |
| New Albany Township | 4.0 mi | $1,038 (±$31) | Not measurably different |
| New Albany | 4.5 mi | $1,026 (±$35) | Not measurably different |
| Greenville Township | 5.4 mi | $1,125 (±$50) | Not measurably different |
| Greenville | 5.6 mi | $1,176 (±$130) | Not measurably different |
| Georgetown Township | 5.7 mi | $982 (±$79) | Not measurably different |
| Carr Township (Clark County) | 5.7 mi | $1,653 (±$229) | Higher |
| Georgetown | 6.2 mi | $980 (±$125) | Not measurably different |
| Sellersburg | 6.3 mi | $1,151 (±$126) | Not measurably different |
Nearby places with a measurably higher figure: Carr Township (Clark County), IN ($1,653).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Floyd County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Greenville | $1,176 (±$130) |
| 2 | Lafayette Township (Floyd County) | $1,154 (±$231) |
| 3 | Greenville Township | $1,125 (±$50) |
| 4 | New Albany Township | $1,038 (±$31) |
| 5 | New Albany | $1,026 (±$35) |
| 6 | Georgetown Township | $982 (±$79) |
| 7 | Georgetown | $980 (±$125) |
| 8 | Franklin Township (Floyd County) | $791 (±$332) |
The figures for Lafayette Township (Floyd County) include the places inside it that have pages of their own: Floyds Knobs.
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 Lafayette Township (Floyd County)
What is the average rent in Lafayette Township (Floyd County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Lafayette Township (Floyd County) is $1,154 (±$231) 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 Lafayette Township (Floyd County)?
In Lafayette Township (Floyd County), the median gross rent went from $765 in 2015–2019 to $1,154 in 2020–2024 (+50.8%).
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 Lafayette Township (Floyd County) cost more than $2,000 a month?
15.2% of rented homes in Lafayette Township (Floyd County) have a gross rent of $2,000 or more a month, and 16.4% cost less than $500.
Is rent in Lafayette Township (Floyd County) higher than in Floyd County?
In Lafayette Township (Floyd County), median gross rent is not measurably different from Floyd County ($1,036).
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 — Lafayette township, Floyd County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lafayette township, Floyd County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lafayette township, Floyd 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 Lafayette township, Floyd County, Indiana (county subdivision:40734, in state:18 county:043).
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
- Housing in Lafayette Township (Floyd County) at a glance
- Renters and owners in Lafayette Township (Floyd County)
- Income and affordability in Lafayette Township (Floyd County)
- Home values in Lafayette Township (Floyd County)
- Homeowner costs in Lafayette Township (Floyd County)
- Property taxes in Lafayette Township (Floyd County)
- Types of homes in Lafayette Township (Floyd County)
- Bedrooms in Lafayette Township (Floyd County)
- Age of homes in Lafayette Township (Floyd County)
- Heating fuel in Lafayette Township (Floyd County)
- Commute and cars in Lafayette Township (Floyd County)
- Population growth in Lafayette Township (Floyd County)
- How long people stay in Lafayette Township (Floyd County)
- Crowding and facilities in Lafayette Township (Floyd County)
- Fair Market Rent in Lafayette Township (Floyd County)
- Indiana landlord and tenant rules
- Housing across Floyd County
- Indiana places ranked by median rent
- Housing data for every place in Indiana