What percentage of people rent in New Albany Township, IN?

Name: Renters and owners in New Albany Township, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

36.0% (±2.0 points) of the occupied homes in New Albany Township, IN are rented (2020–2024 American Community Survey).

That is 7,811 renting households against 13,867 that own their home.

In New Albany Township, the share of households that rent went from 36.1% in 2015–2019 to 36.0% in 2020–2024 (−0.1 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 36.0% (±2.0 points)
Renting households: 7,811 (±490)
Median renter income: $40,568 (±$3,863)

Who rents and who owns in New Albany Township

Tenure, estimate (90% margin of error)
	New Albany Township	Floyd County	Indiana	United States
Renter-occupied share	36.0% (±2.0 points)	26.8% (±1.6 points)	29.4% (±0.3 points)	34.8%
Renting households	7,811 (±490)	8,558 (±519)	799,766 (±7,038)	45,017,354
Owning households	13,867 (±456)	23,358 (±580)	1,916,243 (±9,865)	84,210,142
Average renter household size	2.0 (±0.1)	2.0 (±0.1)	2.2 (±0.0)	2.3
Average owner household size	2.5 (±0.1)	2.7 (±0.1)	2.6 (±0.0)	2.6
Median renter household income	$40,568 (±$3,863)	$40,724 (±$3,666)	$42,811 (±$480)	$52,966
Median owner household income	$86,476 (±$2,456)	$95,265 (±$4,015)	$87,459 (±$395)	$100,009

In New Albany Township, the renter share is higher than in Floyd County (26.8%).

It is also higher than in Indiana (29.4%).

It is not measurably different from the national figure (34.8%).

In Floyd County, New Albany Township ranks 2 of 9 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 181 of 1,600.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in New Albany Township has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	36.1% (±1.7 points)	36.0% (±2.0 points)	−0.1 percentage points	Not a measurable change
Median gross rent	$795 (±$23)	$1,038 (±$31)	+30.6%	Up after inflation
Median household income	$55,806 (±$2,989)	$65,344 (±$3,865)	+17.1%	No measurable change after inflation

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.

Households that rent in places near New Albany Township

Nearest places with a published estimate, compared with New Albany Township
Place	Distance	Households that rent	Compared with this place
New Albany Township	—	36.0% (±2.0 points)	—
New Albany	0.5 mi	44.6% (±2.5 points)	Higher
Floyds Knobs	3.1 mi	9.8% (±4.0 points)	Lower
Clarksville	3.5 mi	39.4% (±3.8 points)	Not measurably different
Lafayette Township (Floyd County)	4.0 mi	6.0% (±2.3 points)	Lower
Jeffersonville Township	5.0 mi	34.3% (±2.1 points)	Not measurably different
Galena	6.4 mi	1.1% (±1.7 points)	Lower
Georgetown Township	6.4 mi	12.0% (±3.7 points)	Lower
Sellersburg	6.6 mi	20.0% (±5.4 points)	Lower

Nearby places with a measurably lower figure: Floyds Knobs, IN (9.8%), Lafayette Township (Floyd County), IN (6.0%), Galena, IN (1.1%).

Nearby places with a measurably higher figure: New Albany, IN (44.6%).

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

Households that rent across Floyd County, place by place

Rank	Place	Households that rent
1	New Albany	44.6% (±2.5 points)
2	New Albany Township	36.0% (±2.0 points)
3	Georgetown	16.8% (±10.5 points)
4	Georgetown Township	12.0% (±3.7 points)
5	Greenville	6.3% (±4.6 points)
6	Lafayette Township (Floyd County)	6.0% (±2.3 points)
7	Franklin Township (Floyd County)	5.4% (±4.4 points)
8	Greenville Township	2.4% (±1.3 points)

Showing 8 of 9 places in Floyd 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 New Albany Township

How many renters are there in New Albany Township?

New Albany Township has an estimated 7,811 (±490) renting households, 36.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in New Albany Township?

In New Albany Township, the share of households that rent went from 36.1% in 2015–2019 to 36.0% in 2020–2024 (−0.1 percentage points), not a measurable change.

How big are renting households in New Albany Township?

A renting household in New Albany Township has 2.0 people on average, against 2.5 in an owned home.

How much do renters earn in New Albany Township?

The median renting household in New Albany Township, IN has an income of $40,568 (±$3,863) a year, against $86,476 for households that own their home.

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) and detailed tables (acs/acs5) for New Albany township, Floyd County, Indiana (county subdivision:52344, 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.