What is the median rent in Richland Township (Madison County), IN?
The median gross rent in Richland Township (Madison County), IN is $2,125 (±$384) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 413 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Richland Township (Madison County), the median gross rent went from $833 in 2015–2019 to $2,125 in 2020–2024 (+155.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median gross rent
- $2,125 (±$384)
- Rented homes
- 413 (±294)
- $2,000 or more
- 65.6%
- Since 2015–2019
- +155.1%
How much rent costs in Richland Township (Madison County)
| Monthly gross rent | Richland Township (Madison County) | Madison County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±8.7 points) | 7.8% | 7.1% | 6.3% |
| $500 to $999 | 9.9% (±14.7 points) | 50.1% | 36.9% | 20.2% |
| $1,000 to $1,499 | 13.6% (±19.3 points) | 34.0% | 38.5% | 28.1% |
| $1,500 to $1,999 | 10.9% (±16.5 points) | 5.5% | 12.0% | 21.1% |
| $2,000 to $2,499 | 62.7% (±36.3 points) | 2.0% | 3.6% | 12.0% |
| $2,500 to $2,999 | 2.9% (±5.4 points) | 0.2% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±8.7 points) | 0.4% | 0.9% | 6.8% |
The most common range is $2,000 to $2,499, paid by 62.7% of renting households.
65.6% of rented homes in Richland Township (Madison County) cost $2,000 or more a month.
Richland Township (Madison County) against Madison County, its state and the nation
| Richland Township (Madison County) | Madison County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $2,125 (±$384) | $939 (±$24) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 413 (±294) | 14,994 (±731) | 758,146 (±6,704) | 42,849,984 |
In Richland Township (Madison County), median gross rent is higher than in Madison County ($939).
It is also higher than in Indiana ($1,062).
It is higher than the national figure ($1,413).
In Madison County, Richland Township (Madison County) ranks 1 of 23 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 1 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Richland Township (Madison County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $833 (±$108) | $2,125 (±$384) | +155.1% | Up after inflation |
| Households that rent | 11.6% (±4.5 points) | 25.5% (±12.7 points) | +13.9 percentage points | Measurable increase |
| Rental vacancy rate | 14.0% (±21.0 points) | 0.0% (±6.6 points) | −14.0 percentage points | Not a measurable change |
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 Richland Township (Madison County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Richland Township (Madison County) | — | $2,125 (±$384) | — |
| Chesterfield | 5.1 mi | $964 (±$83) | Lower |
| Lafayette Township (Madison County) | 5.6 mi | $748 (±$93) | Lower |
| Daleville | 5.7 mi | $779 (±$276) | Lower |
| Monroe Township (Madison County) | 6.0 mi | $832 (±$77) | Lower |
| Alexandria | 6.1 mi | $801 (±$80) | Lower |
| Yorktown | 6.1 mi | $926 (±$280) | Lower |
| Union Township (Madison County) | 6.2 mi | $963 (±$65) | Lower |
| Anderson | 7.4 mi | $925 (±$28) | Lower |
Nearby places with a measurably lower figure: Chesterfield, IN ($964), Lafayette Township (Madison County), IN ($748), Daleville, IN ($779).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Madison County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Richland Township (Madison County) | $2,125 (±$384) |
| 2 | Green Township (Madison County) | $1,408 (±$382) |
| 3 | Ingalls | $1,379 (±$281) |
| 4 | Lapel | $1,318 (±$277) |
| 5 | Stony Creek Township | $1,310 (±$210) |
| 6 | Pendleton | $1,209 (±$121) |
| 7 | Frankton | $1,186 (±$153) |
Showing 7 of 23 places in Madison 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 Richland Township (Madison County)
What is the average rent in Richland Township (Madison County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Richland Township (Madison County) is $2,125 (±$384) 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 Richland Township (Madison County)?
In Richland Township (Madison County), the median gross rent went from $833 in 2015–2019 to $2,125 in 2020–2024 (+155.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
How many rentals in Richland Township (Madison County) cost more than $2,000 a month?
65.6% of rented homes in Richland Township (Madison County) have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Richland Township (Madison County) higher than in Madison County?
In Richland Township (Madison County), median gross rent is higher than in Madison County ($939).
It is also higher than in Indiana ($1,062).
It is higher 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 — Richland township, Madison County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Richland township, Madison County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Richland township, Madison 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 Richland township, Madison County, Indiana (county subdivision:64116, in state:18 county:095).
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
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- Homeowner costs in Richland Township (Madison County)
- Property taxes in Richland Township (Madison County)
- Types of homes in Richland Township (Madison County)
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- Heating fuel in Richland Township (Madison County)
- Commute and cars in Richland Township (Madison County)
- Population growth in Richland Township (Madison County)
- How long people stay in Richland Township (Madison County)
- Indiana landlord and tenant rules
- Housing across Madison County
- Indiana places ranked by median rent
- Housing data for every place in Indiana