What is the rental vacancy rate in New Albany Township, IN?
The rental vacancy rate in New Albany Township, IN is 8.7% (±2.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.4% (±0.3 points).
2,066 (±363) homes, 8.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In New Albany Township, the rental vacancy rate went from 8.6% in 2015–2019 to 8.7% in 2020–2024 (+0.1 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 8.7% (±2.8 points)
- Homeowner vacancy rate
- 0.4% (±0.3 points)
- Vacant homes
- 2,066 (±363)
Vacancy in New Albany Township against Floyd County, its state and the nation
| New Albany Township | Floyd County | Indiana | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 8.7% (±2.8 points) | 9.3% (±2.7 points) | 5.6% (±0.3 points) | 5.5% |
| Homeowner vacancy rate | 0.4% (±0.3 points) | 0.6% (±0.4 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 2,066 (±363) | 2,917 (±421) | 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 New Albany Township, the rental vacancy rate is not measurably different from Floyd County (9.3%).
It is also higher than in Indiana (5.6%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near New Albany Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| New Albany Township | — | 8.7% (±2.8 points) | — |
| New Albany | 0.5 mi | 8.7% (±2.9 points) | Not measurably different |
| Floyds Knobs | 3.1 mi | 39.7% (±30.3 points) | Higher |
| Clarksville | 3.5 mi | 6.4% (±3.9 points) | Not measurably different |
| Lafayette Township (Floyd County) | 4.0 mi | 37.4% (±29.2 points) | Not measurably different |
| Jeffersonville Township | 5.0 mi | 7.0% (±2.5 points) | Not measurably different |
| Galena | 6.4 mi | 0.0% (±100.0 points) | Not measurably different |
| Georgetown Township | 6.4 mi | 5.2% (±9.0 points) | Not measurably different |
| Sellersburg | 6.6 mi | 9.8% (±12.6 points) | Not measurably different |
Nearby places with a measurably higher figure: Floyds Knobs, IN (39.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Floyd County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Lafayette Township (Floyd County) | 37.4% (±29.2 points) |
| 2 | Georgetown | 10.8% (±19.7 points) |
| 3 (tie) | New Albany | 8.7% (±2.9 points) |
| 3 (tie) | New Albany Township | 8.7% (±2.8 points) |
| 5 | Georgetown Township | 5.2% (±9.0 points) |
| 6 (tie) | Galena | 0.0% (±100.0 points) |
| 6 (tie) | Greenville | 0.0% (±57.2 points) |
| 6 (tie) | Franklin Township (Floyd County) | 0.0% (±43.0 points) |
| 6 (tie) | Greenville Township | 0.0% (±40.5 points) |
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
Is it hard to find a rental in New Albany Township?
The rental vacancy rate in New Albany Township, IN is 8.7% (±2.8 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 New Albany Township tighter than it was?
In New Albany Township, the rental vacancy rate went from 8.6% in 2015–2019 to 8.7% in 2020–2024 (+0.1 percentage points), not a measurable change.
How many homes are vacant in New Albany Township?
An estimated 2,066 (±363) housing units, 8.7% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Albany township, Floyd County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — New Albany township, Floyd County, Indiana
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 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_0005E, DP04_0005M from the 2019 release.
The API needs a free 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 .
Related
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- Population growth in New Albany Township
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