Rensselaer, IN
Full City Profile · Indiana · Newton County County
3.8
/5.0
B+
Good
5,369
Population
751/sq mi density
$61,648
Median Income
$31,288 per capita
$149,100
Home Value
$254,102 Zillow
$868
Median Rent
26.9% income on rent
51°F
Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$61,648 median income, 3.4% unemployment
A+
Affordability
5.0 / 5.0
$149,100 home value, $868/mo rent
C
Education
2.4 / 5.0
17.7% bachelor's degree or higher
Housing Overview
Median Home Value
$149,100
47% below
US avg: $281,900
Median Rent
$868/mo
25% below
US avg: $1,163/mo
Homeownership Rate
66.7%
2% above US avg (65.4%)
Total Housing Units
2,439
Median year built: 1960
Home Value by Source
Census Median
$149,100
Zillow (ZHVI)
$254,102
Redfin Median Sale
$196,000
Median Sale Price
$196,000
Median List Price
$179,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
66.7%
Owner-Occupied
33.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$868/mo
Market Indicators (Redfin)
Median Sale Price
$196,000
Median Days on Market
82 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
9
Price Drops
38.5%
of listings with price reduction
Price Per Sq Ft
$152
Active Inventory
13
homes for sale
Affordability & Housing Stock
Rent Burden
26.9%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1960
Average age of housing stock: 66 years
Homeownership Rate
66.7%
Complete Housing Data
Home Values
| Census Median Value | $149,100 |
| Zillow Home Value (ZHVI) | $254,102 |
| Redfin Median Sale | $196,000 |
| Median Sale Price | $196,000 |
| Median List Price | $179,900 |
| Price Per Sq Ft | $152 |
Rent
| Census Median Rent | $868 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 82 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 38.5% |
| Homes Sold | 9 |
| Active Inventory | 13 |
| Price Per Sq Ft | $152 |
Ownership & Stock
| Owner-Occupied | 66.7% |
| Renter-Occupied | 33.3% |
| Homeownership Rate | 66.7% |
| Total Housing Units | 2,439 |
| Median Year Built | 1960 |
| Rent Burden | 26.9% |