Renters Local

Rental Insights for ZIP Code 01057 (Monson, MA)

Housing Rentals in ZIP Code 01057 (Monson, MA)

01057 ZIP Code in Massachusetts

Learn About Housing Rentals in ZIP Code 01057

ZIP Code 01057 is primarily located in Monson, MA in Hampden County. The median housing rent payment in this Massachusetts region is $865 per month. About 17.6% of housing units in this Hampden County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 01057 of $865 per month is 33% lower than the aggregate Massachusetts median monthly rent of $1,282, and is 19% lower than the $1,062 the median monthly rent in the U.S. overall. About 66.0% of renters in ZIP Code 01057 pay between $500 and $999 per month for housing. That is 224% higher than in Massachusetts overall, in which 20.4% of total state residents pay between $500 and $999 per month for housing. Just 1.7% of renters in this Monson, MA region pay between $2,000 and $2,499 per month for rent.

ZIP Code 01057 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 01057

See the chart below for a comparison of monthly rental costs in ZIP Code 01057, Massachusetts, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 01057 along with those in the state of Massachusetts and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 01057

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 01057 Massachusetts U.S.
Less than $500 11.7% 13.6% 9.4%
$500 to $999 66.0% 20.4% 36.2%
$1,000 to $1,499 18.3% 27.4% 30.0%
$1,500 to $1,999 2.3% 19.6% 14.0%
$2,000 to $2,499 1.7% 10.1% 5.6%
$2,500 to $2,999 0.0% 4.6% 2.4%
$3,000 or more 0.0% 4.3% 2.4%

Rent Cost vs. Income in ZIP Code 01057

Renters in ZIP Code 01057 use an estimated 28.88% of their income to cover their monthly rent payments. That is about 3% lower than in Massachusetts overall. The estimate for Massachusetts overall is 29.76% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 01057 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 01057 come in higher than in Massachusetts as a whole. The median annual household income in ZIP Code 01057 of $83,008 sits approximately 2% higher than the overall Massachusetts median income of $81,215 and approximately 32% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 01057

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 01057, Massachusetts, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 01057 along with the same calculations in the state of Massachusetts and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 01057

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 01057 Massachusetts U.S.
Less than 15.0 percent 15.1% 13.0% 13.1%
15.0 to 19.9 percent 17.4% 12.6% 12.9%
20.0 to 24.9 percent 13.4% 12.6% 12.9%
25.0 to 29.9 percent 0.6% 12.3% 11.6%
30.0 to 34.9 percent 16.4% 10.0% 9.1%
35.0 percent or more 37.2% 39.5% 40.5%

Household Income in ZIP Code 01057

See the table below for the regional comparison of annual household income in ZIP Code 01057.

Income ZIP 01057 Massachusetts U.S.
Less than $10,000 2.8% 5.2% 6.0%
$10,000 to $14,999 1.6% 4.2% 4.3%
$15,000 to $24,999 6.5% 7.2% 8.9%
$25,000 to $34,999 7.7% 6.7% 8.9%
$35,000 to $49,999 12.2% 9.3% 12.3%
$50,000 to $74,999 15.5% 14.2% 17.2%
$75,000 to $99,999 15.2% 12.1% 12.7%
$100,000 to $149,999 20.4% 17.8% 15.1%
$150,000 to $199,999 8.9% 10.2% 6.8%
$200,000 or more 9.2% 13.2% 7.7%

Household Income in ZIP Code 01057

See the chart below for a comparison of annual household income figures in ZIP Code 01057, Massachusetts, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 01057 alongside the same figures for the state of Massachusetts and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 01057

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 01057.

ZIP 01057 Massachusetts U.S.
Median Housing Rent $865 $1,282 $1,062
Renter-Occupied Housing Units 17.6% 37.6% 36.0%
Rental Vacancy Rate 0.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.82 2.25 2.49
Average # of Bedrooms Per Unit 2.91 2.66 2.75
Percent of Income Spent on Rent 28.88% 29.76% 29.83%
Per Capita Income $39,550 $43,761 $34,103
Median Household Income $96,929 $111,498 $88,607
Living Below the Poverty Line 4.7% 7.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 01057

In ZIP Code 01057 (Monson, MA), and estimated 17.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 01057 is estimated at $39,550, which goes along with an estimated median household income of $96,929. About 4.7% of residents in this Hampden County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.82 occupants, while the units have an aggregate average size of 2.91 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.88% of their income on housing rental costs.

Rental FAQs for ZIP Code 01057

1

What is the median monthly rent in ZIP Code 01057?

Median rent for housing in ZIP Code 01057 in Hampden County in Massachusetts is approximately $865 per month.
2

Is it expensive to rent in ZIP Code 01057?

Rent in ZIP Code 01057 is lower than average in the state of Massachusetts overall. The median monthly rent of $865 in ZIP Code 01057 is approximately 33% lower than the Massachusetts median of $1,282. Additionally, median rent in this Monson, MA region ($865) is about 19% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 01057?

High-priced rentals are not common in the Monson, MA ZIP Code of 01057, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Massachusetts overall, approximately 4.3% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 01057?

Affordable rentals are more common in ZIP Code 01057 than in Massachusetts overall. The percentage of housing rentals in ZIP Code 01057 costing $999 or less per month (77.7%) is approximately 129% higher than the Massachusetts rate of 34% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 70% lower than the previously mentioned 01057 rate of 77.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 01057?

The most common range for rental cost in ZIP Code 01057 is between $500 and $999 per month. About 66.0% of renters in 01057 pay in this range for monthly rent. In comparison, approximately 20.4% of renters in the state of Massachusetts fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 01057 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 01057 is lower than the rental vacancy rate in the state of Massachusetts overall. Rental vacancy of 0.0% in ZIP Code 01057 is about 100% lower than the Massachusetts rate of 3.6%. Looking more broadly, rental vacancy in this Monson, MA region (0.0%) is an estimated 100% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 01057? How does it compare to other Massachusetts regions?

Median household income in ZIP Code 01057 is higher than in the state of Massachusetts overall. Annual household income of $83,008 in ZIP Code 01057 is about 2% higher than the Massachusetts median of $81,215. Additionally, median household income in this Monson, MA region ($83,008) is approximately 32% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 01057 spend on housing costs?

Renters in ZIP Code 01057 spend a lower amount of their income on rent costs than do renters in Massachusetts overall. Renters in ZIP Code 01057 spend an estimated 28.88% of their income on rent payments, which is about 3% lower than the overall Massachusetts estimated rate of 29.76%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 3% higher than the ZIP Code 01057 estimated rate of 28.88%.
9

Do renters in ZIP Code 01057 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 01057 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 01057 spending 30 percent or more of their income on rent costs (53.6%) is approximately 8% higher than the Massachusetts rate of 49.5% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 8% lower than the aforementioned 01057 rate of 53.6%.
10

What is the average household size of renter-occupied units in ZIP Code 01057?

The average household size of renter-occupied units in ZIP Code 01057 is lower than in the state of Massachusetts overall. Annual household size of 1.82 in ZIP Code 01057 is about 19% lower than the Massachusetts median of 2.25. Additionally, median household size in this Monson, MA region (1.82) is approximately 27% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Massachusetts ZIP Codes