Towne Road / West 116th Street, IN

Neighborhood

Rent in Towne Road / West 116th Street

Median Gross Rent

$1,813

Rent-to-Income Ratio

21.3%

Renter Share

6.4%

Median Renter Income

$111,176

Avg Household Size

2.5

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 0.0%
$1,000-$1,500: 0.0%
$1,500-$2,000: 79.8%
$2,000-$2,500: 0.0%
$2,500+: 20.2%
No Cash Rent: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 39.3%
20-30% (moderate): 41.0%
30-50% (cost-burdened): 19.7%
50%+ (severely cost-burdened): 0.0%
Not Computed: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $250,001
Renter Households: $111,176

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 0.0%
$1,000-$1,500: 19.7%
$1,500-$2,000: 60.1%
$2,000-$2,500: 0.0%
$2,500+: 20.2%
No Cash Rent: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Towne Road / West 116th Street

Neighborhood

Hamilton, IN

Brandywine / Weston Ridge

Home Place / Echo Crest

North Augusta Addition / Shelborne Greene

Chesterton / Holaday Hills and Dales