What is the median rent in Olive Township (Elkhart County), IN?
The median gross rent in Olive Township (Elkhart County), IN is $1,010 (±$245) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 136 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Olive Township (Elkhart County), the median gross rent went from $766 in 2015–2019 to $1,010 in 2020–2024 (+31.9%).
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
- $1,010 (±$245)
- Rented homes
- 136 (±52)
- $2,000 or more
- 13.2%
- Since 2015–2019
- +31.9%
How much rent costs in Olive Township (Elkhart County)
| Monthly gross rent | Olive Township (Elkhart County) | Elkhart County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±23.8 points) | 5.6% | 7.1% | 6.3% |
| $500 to $999 | 49.3% (±23.6 points) | 39.1% | 36.9% | 20.2% |
| $1,000 to $1,499 | 30.9% (±25.3 points) | 44.9% | 38.5% | 28.1% |
| $1,500 to $1,999 | 6.6% (±9.2 points) | 7.5% | 12.0% | 21.1% |
| $2,000 to $2,499 | 2.9% (±4.8 points) | 1.6% | 3.6% | 12.0% |
| $2,500 to $2,999 | 5.9% (±10.2 points) | 0.2% | 1.0% | 5.5% |
| $3,000 or more | 4.4% (±5.2 points) | 1.1% | 0.9% | 6.8% |
The most common range is $500 to $999, paid by 49.3% of renting households.
13.2% of rented homes in Olive Township (Elkhart County) cost $2,000 or more a month.
Olive Township (Elkhart County) against Elkhart County, its state and the nation
| Olive Township (Elkhart County) | Elkhart County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $1,010 (±$245) | $1,047 (±$29) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 136 (±52) | 19,649 (±1,028) | 758,146 (±6,704) | 42,849,984 |
In Olive Township (Elkhart County), median gross rent is not measurably different from Elkhart County ($1,047).
It is not measurably different from Indiana ($1,062).
It is lower than the national figure ($1,413).
In Elkhart County, Olive Township (Elkhart County) ranks 17 of 26 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 349 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Olive Township (Elkhart County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $766 (±$261) | $1,010 (±$245) | +31.9% | No measurable change after inflation |
| Households that rent | 24.4% (±9.5 points) | 13.3% (±4.3 points) | −11.1 percentage points | Measurable decrease |
| Rental vacancy rate | 0.0% (±10.8 points) | 30.9% (±19.3 points) | +30.9 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 Olive Township (Elkhart County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Olive Township (Elkhart County) | — | $1,010 (±$245) | — |
| Wakarusa | 3.0 mi | $955 (±$381) | Not measurably different |
| Baugo Township | 4.8 mi | $1,476 (±$301) | Higher |
| Harrison Township (Elkhart County) | 5.1 mi | $947 (±$29) | Not measurably different |
| Madison Township (St. Joseph County) | 5.7 mi | $914 (±$221) | Not measurably different |
| Locke Township | 6.5 mi | $856 (±$235) | Not measurably different |
| Osceola | 6.9 mi | $1,654 (±$289) | Higher |
| Dunlap | 7.1 mi | $1,271 (±$190) | Not measurably different |
| Concord Township (Elkhart County) | 7.2 mi | $977 (±$40) | Not measurably different |
Nearby places with a measurably higher figure: Baugo Township, IN ($1,476), Osceola, IN ($1,654).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Elkhart County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 9 (tie) | Washington Township (Elkhart County) | $1,099 (±$102) |
| 12 | Goshen | $1,093 (±$52) |
| 13 | Osolo Township | $1,083 (±$83) |
| 14 | Millersburg | $1,082 (±$89) |
| 15 | New Paris | $1,061 (±$172) |
| 16 | Jackson Township (Elkhart County) | $1,045 (±$150) |
| 17 | Olive Township (Elkhart County) | $1,010 (±$245) |
| 18 | Elkhart | $998 (±$47) |
| 19 | Clinton Township (Elkhart County) | $981 (±$242) |
| 20 | Concord Township (Elkhart County) | $977 (±$40) |
| 21 | Benton Township (Elkhart County) | $972 (±$56) |
| 22 | Wakarusa | $955 (±$381) |
| 23 | Harrison Township (Elkhart County) | $947 (±$29) |
Showing 13 of 26 places in Elkhart 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 Olive Township (Elkhart County)
What is the average rent in Olive Township (Elkhart County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Olive Township (Elkhart County) is $1,010 (±$245) 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 Olive Township (Elkhart County)?
In Olive Township (Elkhart County), the median gross rent went from $766 in 2015–2019 to $1,010 in 2020–2024 (+31.9%).
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 Olive Township (Elkhart County) cost more than $2,000 a month?
13.2% of rented homes in Olive Township (Elkhart County) have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Olive Township (Elkhart County) higher than in Elkhart County?
In Olive Township (Elkhart County), median gross rent is not measurably different from Elkhart County ($1,047).
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 — Olive township, Elkhart County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Olive township, Elkhart County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Olive township, Elkhart 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 Olive township, Elkhart County, Indiana (county subdivision:56520, in state:18 county:039).
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 Olive Township (Elkhart County) at a glance
- Renters and owners in Olive Township (Elkhart County)
- Income and affordability in Olive Township (Elkhart County)
- Home values in Olive Township (Elkhart County)
- Homeowner costs in Olive Township (Elkhart County)
- Property taxes in Olive Township (Elkhart County)
- Types of homes in Olive Township (Elkhart County)
- Bedrooms in Olive Township (Elkhart County)
- Age of homes in Olive Township (Elkhart County)
- Heating fuel in Olive Township (Elkhart County)
- Commute and cars in Olive Township (Elkhart County)
- Population growth in Olive Township (Elkhart County)
- How long people stay in Olive Township (Elkhart County)
- Indiana landlord and tenant rules
- Housing across Elkhart County
- Indiana places ranked by median rent
- Housing data for every place in Indiana