What is the median rent in Spencer Township (Jennings County), IN?
The median gross rent in Spencer Township (Jennings County), IN is $1,402 (±$361) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 151 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Spencer Township (Jennings County), the median gross rent went from $685 in 2015–2019 to $1,402 in 2020–2024 (+104.7%).
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
- $1,402 (±$361)
- Rented homes
- 151 (±111)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +104.7%
How much rent costs in Spencer Township (Jennings County)
| Monthly gross rent | Spencer Township (Jennings County) | Jennings County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±21.8 points) | 7.8% | 7.1% | 6.3% |
| $500 to $999 | 0.0% (±21.8 points) | 43.9% | 36.9% | 20.2% |
| $1,000 to $1,499 | 60.9% (±48.8 points) | 35.3% | 38.5% | 28.1% |
| $1,500 to $1,999 | 39.1% (±48.8 points) | 10.5% | 12.0% | 21.1% |
| $2,000 to $2,499 | 0.0% (±21.8 points) | 2.5% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±21.8 points) | 0.0% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±21.8 points) | 0.0% | 0.9% | 6.8% |
The most common range is $1,000 to $1,499, paid by 60.9% of renting households.
0.0% of rented homes in Spencer Township (Jennings County) cost $2,000 or more a month.
Spencer Township (Jennings County) against Jennings County, its state and the nation
| Spencer Township (Jennings County) | Jennings County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $1,402 (±$361) | $988 (±$84) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 151 (±111) | 2,021 (±343) | 758,146 (±6,704) | 42,849,984 |
In Spencer Township (Jennings County), median gross rent is higher than in Jennings County ($988).
It is not measurably different from Indiana ($1,062).
It is not measurably different from the national figure ($1,413).
In Jennings County, Spencer Township (Jennings County) ranks 1 of 8 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 60 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Spencer Township (Jennings County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $685 (±$137) | $1,402 (±$361) | +104.7% | Up after inflation |
| Households that rent | 12.0% (±7.3 points) | 21.1% (±12.3 points) | +9.1 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±25.5 points) | 0.0% (±17.1 points) | 0.0 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 Spencer Township (Jennings County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Spencer Township (Jennings County) | — | $1,402 (±$361) | — |
| Country Squire Lakes | 6.1 mi | $1,149 (±$516) | Not measurably different |
| Redding Township | 6.9 mi | $1,091 (±$119) | Not measurably different |
| North Vernon | 7.1 mi | $938 (±$59) | Lower |
| Jackson Township (Jackson County) | 7.3 mi | $976 (±$80) | Lower |
| Vernon | 7.4 mi | $725 (±$660) | Not measurably different |
| Center Township (Jennings County) | 7.5 mi | $933 (±$66) | Lower |
| Marion Township (Jennings County) | 7.7 mi | $656 (±$251) | Lower |
| Seymour | 7.8 mi | $1,011 (±$83) | Lower |
Nearby places with a measurably lower figure: North Vernon, IN ($938), Jackson Township (Jackson County), IN ($976), Center Township (Jennings County), IN ($933).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Jennings County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Spencer Township (Jennings County) | $1,402 (±$361) |
| 2 | Country Squire Lakes | $1,149 (±$516) |
| 3 | Geneva Township | $1,147 (±$275) |
| 4 | Vernon Township (Jennings County) | $1,116 (±$438) |
| 5 | North Vernon | $938 (±$59) |
| 6 | Center Township (Jennings County) | $933 (±$66) |
| 7 | Vernon | $725 (±$660) |
Showing 7 of 8 places in Jennings 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 Spencer Township (Jennings County)
What is the average rent in Spencer Township (Jennings County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Spencer Township (Jennings County) is $1,402 (±$361) 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 Spencer Township (Jennings County)?
In Spencer Township (Jennings County), the median gross rent went from $685 in 2015–2019 to $1,402 in 2020–2024 (+104.7%).
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 Spencer Township (Jennings County) cost more than $2,000 a month?
0.0% of rented homes in Spencer Township (Jennings County) have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Spencer Township (Jennings County) higher than in Jennings County?
In Spencer Township (Jennings County), median gross rent is higher than in Jennings County ($988).
It is not measurably different from Indiana ($1,062).
It is not measurably different from 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 — Spencer township, Jennings County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spencer township, Jennings County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Spencer township, Jennings 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 Spencer township, Jennings County, Indiana (county subdivision:71954, in state:18 county:079).
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 Spencer Township (Jennings County) at a glance
- Home values in Spencer Township (Jennings County)
- Homeowner costs in Spencer Township (Jennings County)
- Property taxes in Spencer Township (Jennings County)
- Types of homes in Spencer Township (Jennings County)
- Age of homes in Spencer Township (Jennings County)
- Heating fuel in Spencer Township (Jennings County)
- Commute and cars in Spencer Township (Jennings County)
- Population growth in Spencer Township (Jennings County)
- Indiana landlord and tenant rules
- Housing across Jennings County
- Indiana places ranked by median rent
- Housing data for every place in Indiana