Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Hobart city, Indiana?
City · Census ACS 5-Year estimates
The median gross rent in Hobart city, Indiana is $1,206/month (±$82), based on Census ACS 5-Year estimates (2024). The median home value is $215,200 (±$9,705), and the median household income is $75,160/year. The unemployment rate in Lake County, Indiana was 4.2% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Hobart city, Indiana
| Metric | Value |
|---|---|
| Median Gross Rent | $1,206 |
| Median Home Value | $215,200 |
| Median Household Income | $75,160 |
| Total Housing Units | 12,226 |
| Renter-Occupied Units | 3,732 |
| Renter-Occupied Share | 31% |
| Households Paying 50%+ Income | 1,108 households |
| Unemployment Rate(April 2026) | 4.2% |
How does Hobart city, Indiana compare?
Median gross rent ranked against all cities in Indiana.
Higher rent than 89% of cities in Indiana · 62th of 551
| # | City | Value |
|---|---|---|
| 1 | Cloverland CDP | $3,501 |
| 2 | Aberdeen CDP | $2,109 |
| 3 | Whitestown town | $1,842 |
| … 58 more … | ||
| 62 | Hobart city(you are here) | $1,206 |
| … 486 more … | ||
| 549 | Spring Grove town | $437 |
| 550 | Camden town | $392 |
| 551 | Shoals town | $383 |
More data for Hobart city, Indiana
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Frequently asked questions
What is the average rent in Hobart city, Indiana?
The median gross rent in Hobart city, Indiana is $1,206/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 Hobart city, Indiana?
The median rent for a 2-bedroom in Hobart city, Indiana is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Hobart city, Indiana?
The median home value in Hobart city, Indiana is $215,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Hobart city are rent-burdened?
In Hobart city, Indiana, 1,108 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 Hobart city, Indiana?
The median household income in Hobart city, Indiana is $75,160/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 $1,206 has a margin of error of ±$82. In very small areas, MOEs can be large relative to the estimate.
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