What is the rental vacancy rate in Wayne Township (Marion County), IN?
The rental vacancy rate in Wayne Township (Marion County), IN is 2.8% (±1.0 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.9% (±0.8 points).
5,559 (±664) homes, 9.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Wayne Township (Marion County), the rental vacancy rate went from 6.5% in 2015–2019 to 2.8% in 2020–2024 (−3.7 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 2.8% (±1.0 points)
- Homeowner vacancy rate
- 1.9% (±0.8 points)
- Vacant homes
- 5,559 (±664)
Vacancy in Wayne Township (Marion County) against Marion County, its state and the nation
| Wayne Township (Marion County) | Marion County | Indiana | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 2.8% (±1.0 points) | 4.9% (±0.5 points) | 5.6% (±0.3 points) | 5.5% |
| Homeowner vacancy rate | 1.9% (±0.8 points) | 1.2% (±0.2 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 5,559 (±664) | 40,608 (±1,898) | 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 Wayne Township (Marion County), the rental vacancy rate is lower than in Marion County (4.9%).
It is also lower than in Indiana (5.6%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Wayne Township (Marion County)
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Wayne Township (Marion County) | — | 2.8% (±1.0 points) | — |
| Speedway | 1.8 mi | 1.1% (±1.1 points) | Lower |
| Clermont | 4.4 mi | 0.0% (±35.0 points) | Not measurably different |
| Wynnedale | 5.4 mi | 0.0% (±100.0 points) | Not measurably different |
| Spring Hill | 5.8 mi | 0.0% (±100.0 points) | Not measurably different |
| Indianapolis | 6.2 mi | 5.0% (±0.6 points) | Higher |
| Decatur Township | 6.4 mi | 3.9% (±2.7 points) | Not measurably different |
| Center Township (Marion County) | 6.5 mi | 5.2% (±1.0 points) | Higher |
| Avon | 7.0 mi | 2.6% (±3.3 points) | Not measurably different |
Nearby places with a measurably lower figure: Speedway, IN (1.1%).
Nearby places with a measurably higher figure: Indianapolis, IN (5.0%), Center Township (Marion County), IN (5.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Marion County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 7 | Indianapolis | 5.0% (±0.6 points) |
| 8 | Warren Township (Marion County) | 4.5% (±1.4 points) |
| 9 (tie) | Beech Grove | 4.0% (±3.8 points) |
| 9 (tie) | Perry Township (Marion County) | 4.0% (±1.5 points) |
| 11 | Decatur Township | 3.9% (±2.7 points) |
| 12 | Franklin Township (Marion County) | 3.7% (±2.9 points) |
| 13 | Wayne Township (Marion County) | 2.8% (±1.0 points) |
| 14 | Pike Township (Marion County) | 2.6% (±1.3 points) |
| 15 | Speedway | 1.1% (±1.1 points) |
| 16 (tie) | Clermont | 0.0% (±35.0 points) |
| 16 (tie) | Crows Nest | 0.0% (±100.0 points) |
| 16 (tie) | Cumberland | 0.0% (±4.9 points) |
| 16 (tie) | Homecroft | 0.0% (±96.0 points) |
Showing 13 of 25 places in Marion 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 Wayne Township (Marion County)
Is it hard to find a rental in Wayne Township (Marion County)?
The rental vacancy rate in Wayne Township (Marion County), IN is 2.8% (±1.0 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 Wayne Township (Marion County) tighter than it was?
In Wayne Township (Marion County), the rental vacancy rate went from 6.5% in 2015–2019 to 2.8% in 2020–2024 (−3.7 percentage points), a measurable decrease.
How many homes are vacant in Wayne Township (Marion County)?
An estimated 5,559 (±664) housing units, 9.1% 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 — Wayne township, Marion County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Wayne township, Marion 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 Wayne township, Marion County, Indiana (county subdivision:81800, in state:18 county:097).
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
- Housing in Wayne Township (Marion County) at a glance
- Median rent in Wayne Township (Marion County)
- Rent by bedrooms in Wayne Township (Marion County)
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- Renters and owners in Wayne Township (Marion County)
- Income and affordability in Wayne Township (Marion County)
- Home values in Wayne Township (Marion County)
- Homeowner costs in Wayne Township (Marion County)
- Property taxes in Wayne Township (Marion County)
- Types of homes in Wayne Township (Marion County)
- Bedrooms in Wayne Township (Marion County)
- Age of homes in Wayne Township (Marion County)
- Heating fuel in Wayne Township (Marion County)
- Commute and cars in Wayne Township (Marion County)
- Population growth in Wayne Township (Marion County)
- How long people stay in Wayne Township (Marion County)
- Crowding and facilities in Wayne Township (Marion County)
- Fair Market Rent in Wayne Township (Marion County)
- Indiana landlord and tenant rules
- Housing across Marion County
- Indiana places ranked by rental vacancy rate
- Housing data for every place in Indiana