Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Boone County, Indiana?
County · Census ACS 5-Year estimates
The median gross rent in Boone County, Indiana is $1,359/month (±$106), based on Census ACS 5-Year estimates (2024). The median home value is $376,200 (±$13,058), and the median household income is $111,250/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Boone County, Indiana and Neighbouring Counties
Housing Metrics for Boone County, Indiana
| Metric | Value |
|---|---|
| Median Gross Rent | $1,359 |
| Median Home Value | $376,200 |
| Median Household Income | $111,250 |
| Total Housing Units | 28,738 |
| Renter-Occupied Units | 6,097 |
| Renter-Occupied Share | 21% |
| Households Paying 50%+ Income | 926 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $454 | +9.1% |
| 1 BR | $1,153 | +127.9% |
| 2 BR | $1,462 | +88.4% |
| 3 BR | $1,339 | +26.9% |
| 4 BR | $2,363 | +201.4% |
How does Boone County, Indiana compare?
Median gross rent ranked against all counties in Indiana.
Higher rent than 98% of counties in Indiana · 3rd of 92
| # | County | Value |
|---|---|---|
| 1 | Hamilton County | $1,574 |
| 2 | Hendricks County | $1,436 |
| 3 | Boone County(you are here) | $1,359 |
| … 86 more … | ||
| 90 | Martin County | $697 |
| 91 | Crawford County | $686 |
| 92 | Perry County | $682 |
More data for Boone County, Indiana
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Frequently asked questions
What is the average rent in Boone County, Indiana?
The median gross rent in Boone County, Indiana is $1,359/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Boone County, Indiana?
The median rent for a 2-bedroom in Boone County, Indiana is $1,462/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$156. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Boone County, Indiana?
The median home value in Boone County, Indiana is $376,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Boone County are rent-burdened?
In Boone County, Indiana, 926 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Boone County, Indiana?
The median household income in Boone County, Indiana is $111,250/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,359 has a margin of error of ±$106. In very small areas, MOEs can be large relative to the estimate.
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