What percentage of people rent in Prospect Township, OH?
15.5% (±6.0 points) of the occupied homes in Prospect Township, OH are rented (2020–2024 American Community Survey).
That is 144 renting households against 784 that own their home.
In Prospect Township, the share of households that rent went from 18.8% in 2015–2019 to 15.5% in 2020–2024 (−3.3 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 15.5% (±6.0 points)
- Renting households
- 144 (±56)
- Median renter income
- $41,944 (±$18,302)
Who rents and who owns in Prospect Township
| Prospect Township | Marion County | Ohio | United States | |
|---|---|---|---|---|
| Renter-occupied share | 15.5% (±6.0 points) | 32.5% (±2.1 points) | 32.8% (±0.3 points) | 34.8% |
| Renting households | 144 (±56) | 8,032 (±531) | 1,595,287 (±11,760) | 45,017,354 |
| Owning households | 784 (±165) | 16,651 (±574) | 3,267,904 (±16,882) | 84,210,142 |
| Average renter household size | 1.9 (±0.4) | 2.2 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.4 (±0.3) | 2.5 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $41,944 (±$18,302) | $36,106 (±$7,319) | $42,829 (±$325) | $52,966 |
| Median owner household income | $85,424 (±$5,802) | $77,828 (±$4,499) | $90,122 (±$343) | $100,009 |
In Prospect Township, the renter share is lower than in Marion County (32.5%).
It is also lower than in Ohio (32.8%).
It is lower than the national figure (34.8%).
In Marion County, Prospect Township ranks 10 of 23 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 1502 of 2,382.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Prospect Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 18.8% (±5.9 points) | 15.5% (±6.0 points) | −3.3 percentage points | Not a measurable change |
| Median gross rent | $938 (±$192) | $1,051 (±$111) | +12.0% | No measurable change after inflation |
| Median household income | $58,750 (±$14,700) | $83,796 (±$17,935) | +42.6% | No measurable change after inflation |
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.
Households that rent in places near Prospect Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Prospect Township | — | 15.5% (±6.0 points) | — |
| Prospect | 1.2 mi | 26.7% (±8.4 points) | Higher |
| Green Camp | 4.4 mi | 15.4% (±9.2 points) | Not measurably different |
| Pleasant Township (Marion County) | 4.9 mi | 5.2% (±4.4 points) | Lower |
| Waldo | 5.3 mi | 37.3% (±14.8 points) | Higher |
| Thompson Township (Delaware County) | 5.5 mi | 10.9% (±11.1 points) | Not measurably different |
| Waldo Township | 5.9 mi | 14.6% (±9.8 points) | Not measurably different |
| Green Camp Township | 6.2 mi | 12.0% (±8.7 points) | Not measurably different |
| Richwood | 6.5 mi | 29.7% (±9.0 points) | Higher |
Nearby places with a measurably lower figure: Pleasant Township (Marion County), OH (5.2%).
Nearby places with a measurably higher figure: Prospect, OH (26.7%), Waldo, OH (37.3%), Richwood, OH (29.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Marion County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 4 | New Bloomington | 35.0% (±25.2 points) |
| 5 | Tully Township (Marion County) | 28.3% (±25.1 points) |
| 6 | Prospect | 26.7% (±8.4 points) |
| 7 | Salt Rock Township | 26.5% (±17.8 points) |
| 8 | La Rue | 24.2% (±11.6 points) |
| 9 | Montgomery Township (Marion County) | 18.7% (±7.8 points) |
| 10 | Prospect Township | 15.5% (±6.0 points) |
| 11 (tie) | Green Camp | 15.4% (±9.2 points) |
| 11 (tie) | Claridon Township (Marion County) | 15.4% (±8.9 points) |
| 13 | Waldo Township | 14.6% (±9.8 points) |
| 14 | Green Camp Township | 12.0% (±8.7 points) |
| 15 | Morral | 8.1% (±8.5 points) |
| 16 | Big Island Township | 6.4% (±9.3 points) |
Showing 13 of 23 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.
What you can do on Seayora in Prospect Township
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Questions about Prospect Township
How many renters are there in Prospect Township?
Prospect Township has an estimated 144 (±56) renting households, 15.5% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Prospect Township?
In Prospect Township, the share of households that rent went from 18.8% in 2015–2019 to 15.5% in 2020–2024 (−3.3 percentage points), not a measurable change.
How big are renting households in Prospect Township?
A renting household in Prospect Township has 1.9 people on average, against 2.4 in an owned home.
How much do renters earn in Prospect Township?
The median renting household in Prospect Township, OH has an income of $41,944 (±$18,302) a year, against $85,424 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Prospect township, Marion County, Ohio
- 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) and detailed tables (acs/acs5) for Prospect township, Marion County, Ohio (county subdivision:64794, in state:39 county:101).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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 Prospect Township at a glance
- Median rent in Prospect Township
- Income and affordability in Prospect Township
- Home values in Prospect Township
- Homeowner costs in Prospect Township
- Property taxes in Prospect Township
- Types of homes in Prospect Township
- Bedrooms in Prospect Township
- Age of homes in Prospect Township
- Heating fuel in Prospect Township
- Commute and cars in Prospect Township
- Population growth in Prospect Township
- Ohio landlord and tenant rules
- Housing across Marion County
- Ohio places ranked by share of renters
- Housing data for every place in Ohio