What is the median rent in Independence Charter Township, MI?
The median gross rent in Independence Charter Township, MI is $1,453 (±$88) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 2,756 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Independence Charter Township, the median gross rent went from $1,110 in 2015–2019 to $1,453 in 2020–2024 (+30.9%).
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
- $1,453 (±$88)
- Rented homes
- 2,756 (±472)
- $2,000 or more
- 5.0%
- Since 2015–2019
- +30.9%
How much rent costs in Independence Charter Township
| Monthly gross rent | Independence Charter Township | Oakland County | Michigan | United States |
|---|---|---|---|---|
| Less than $500 | 0.3% (±0.4 points) | 4.6% | 8.3% | 6.3% |
| $500 to $999 | 10.6% (±5.8 points) | 15.4% | 30.1% | 20.2% |
| $1,000 to $1,499 | 44.2% (±10.1 points) | 39.5% | 38.4% | 28.1% |
| $1,500 to $1,999 | 39.9% (±9.7 points) | 24.3% | 15.1% | 21.1% |
| $2,000 to $2,499 | 1.7% (±1.5 points) | 9.7% | 5.0% | 12.0% |
| $2,500 to $2,999 | 0.9% (±1.2 points) | 3.0% | 1.4% | 5.5% |
| $3,000 or more | 2.4% (±2.1 points) | 3.6% | 1.7% | 6.8% |
The most common range is $1,000 to $1,499, paid by 44.2% of renting households.
5.0% of rented homes in Independence Charter Township cost $2,000 or more a month.
Independence Charter Township against Oakland County, its state and the nation
| Independence Charter Township | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Median gross rent | $1,453 (±$88) | $1,376 (±$14) | $1,129 (±$4) | $1,413 |
| Rented homes paying rent | 2,756 (±472) | 139,230 (±2,220) | 1,032,697 (±7,764) | 42,849,984 |
In Independence Charter Township, median gross rent is not measurably different from Oakland County ($1,376).
It is also higher than in Michigan ($1,129).
It is not measurably different from the national figure ($1,413).
In Oakland County, Independence Charter Township ranks 21 of 48 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 107 of 1,305.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Independence Charter Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,110 (±$39) | $1,453 (±$88) | +30.9% | No measurable change after inflation |
| Households that rent | 17.9% (±1.6 points) | 20.6% (±3.2 points) | +2.7 percentage points | Not a measurable change |
| Rental vacancy rate | 5.2% (±4.0 points) | 5.6% (±4.7 points) | +0.4 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 Independence Charter Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Independence Charter Township | — | $1,453 (±$88) | — |
| Village of Clarkston | 1.8 mi | $1,382 (±$114) | Not measurably different |
| Springfield Charter Township | 5.6 mi | $1,206 (±$106) | Lower |
| Waterford Charter Township | 5.9 mi | $1,111 (±$30) | Lower |
| Brandon Charter Township | 6.6 mi | $1,048 (±$152) | Lower |
| Orion Charter Township | 6.6 mi | $1,327 (±$65) | Lower |
| Ortonville | 7.3 mi | $956 (±$138) | Lower |
| Lake Orion | 7.9 mi | $798 (±$177) | Lower |
| Oxford Charter Township | 8.4 mi | $1,350 (±$166) | Not measurably different |
Nearby places with a measurably lower figure: Springfield Charter Township, MI ($1,206), Waterford Charter Township, MI ($1,111), Brandon Charter Township, MI ($1,048).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Oakland County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 15 | Farmington Hills | $1,551 (±$50) |
| 16 | Berkley | $1,526 (±$440) |
| 17 | White Lake Charter Township | $1,516 (±$184) |
| 18 | Lathrup Village | $1,483 (±$1,000) |
| 19 | Auburn Hills | $1,477 (±$39) |
| 20 | Milford Charter Township | $1,466 (±$393) |
| 21 | Independence Charter Township | $1,453 (±$88) |
| 22 | Walled Lake | $1,419 (±$183) |
| 23 | Oak Park | $1,396 (±$85) |
| 24 | Village of Clarkston | $1,382 (±$114) |
| 25 | Royal Oak | $1,381 (±$47) |
| 26 (tie) | Rochester | $1,350 (±$83) |
| 26 (tie) | Oxford Charter Township | $1,350 (±$166) |
Showing 13 of 48 places in Oakland 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 Independence Charter Township
What is the average rent in Independence Charter Township, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Independence Charter Township is $1,453 (±$88) 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 Independence Charter Township?
In Independence Charter Township, the median gross rent went from $1,110 in 2015–2019 to $1,453 in 2020–2024 (+30.9%).
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 Independence Charter Township cost more than $2,000 a month?
5.0% of rented homes in Independence Charter Township have a gross rent of $2,000 or more a month, and 0.3% cost less than $500.
Is rent in Independence Charter Township higher than in Oakland County?
In Independence Charter Township, median gross rent is not measurably different from Oakland County ($1,376).
It is also higher than in Michigan ($1,129).
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 — Independence charter township, Oakland County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Independence charter township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Independence charter township, Oakland County, Michigan
- 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 Independence charter township, Oakland County, Michigan (county subdivision:40400, in state:26 county:125).
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 .
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