Rental prices in Edison, South Bend, IN have increased by 3.55% over the past year. The average rent moved from $1,307 to $1,354.
Check out the average rent in South Bend.
The national average price of rental apartments is $1,741, while the average monthly rent in Edison, South Bend, IN is $1,354.
The average monthly rent for an apartment in Edison, South Bend, IN is around $1,354.
A share of 20% of apartments in Edison, South Bend, IN have the cheapest rents between ≤ $1000. Around 12% of rentals are $2,001-$2,500. Around 40% of Edison's apartments have monthly rents between $1,001-$1,500. There are 28% of apartments with rents between $1,501-$2,000.
The largest share of rentals in Edison, South Bend, IN (40%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Edison, South Bend, IN is $1,154.
In Edison, 34% of the residents are renting compared to 66% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 2% of Edison's rentals, 54% are small-scale complexes with under 50 units, and 44% are single-family rentals.
In total, Edison, South Bend, IN has 4,516 residents, 2,386 women and 2,130 men, per U.S. Census recent estimates. Statistics show that the median age of Edison’s population is 39.
There is a total of 1,942 households in Edison, South Bend, IN. Of these, 476 have children and 1,465 are without children. Per Census Bureau’s most current estimates, 1,029 family households and 912 non-family households live in this area. The size of a household in Edison is 1.69 people, on average. The median household annual income in Edison equals $68,700, and the monthly housing costs equal $922.
According to data from the U.S. Census Bureau, 3% of the population in Edison, South Bend, IN have no high school education, 36% went to high-school, and 20% have partially completed college. Moreover, 8% of the population hold an Associate Degree, 21% hold a Bachelor Degree, and 12% hold a Graduate Degree.
