Delivered December 3, 2019. Contributor: Teresa W.
To understand the demographics of apartment renters today.
There are approximately 18,837,547 apartment households in the United States.
Of those, 25% of the householders are under 30, 29% are between 30-44, 27% are between 45-64, and 19% are over 65. The median age of apartment householders is 42 and the mean age is 46.
Around 22% are occupied by single males, 26% by single females, 11% by married couples, 9% by married couples with children, 13% by single parents, and 18% in other arrangements which may include one or more roommates sharing an apartment.
About 22% of apartment households have one or more children.
The mean household income of apartment renters is $52,591 and the median income is $36,201 with 29% making less than $20,000, 19% making between $20,000-$34,999, 14% making between $35,000-$49,999, 16% making between $50,000-$74,999, and 21% making over $75,000.
There are approximately 528,900 apartment households in the state of Indiana with a little over 212,000 residing in the Indianapolis-Carmel-Anderson area.
In Indianapolis, there are approximately 168,780 renter occupied units. This includes single family as well as multifamily. The median rent is $670.
In 2018, there were about 1,130 building permits issued in Indianapolis for multi-family housing units for 3 or more families.
Only the project owner can select the next research path.