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Rental Insights for ZIP Code 01151 (Indian Orchard, MA)

Housing Rentals in ZIP Code 01151 (Indian Orchard, MA)

01151 ZIP Code in Massachusetts

Learn About Housing Rentals in ZIP Code 01151

ZIP Code 01151 is primarily located in Indian Orchard, MA in Hampden County. The median housing rent payment in this Massachusetts region is $983 per month. Approximately 55.4% of housing units in this Hampden County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 9.3%.

The median rent in ZIP Code 01151 of $983 per month is 23% lower than the aggregate Massachusetts median monthly rent of $1,282, and is 7% lower than the $1,062 the median monthly rent in the U.S. overall. About 36.7% of renters in ZIP Code 01151 pay between $1,000 and $1,499 per month for housing. That is 34% higher than in Massachusetts overall, in which 27.4% of total state residents pay between $1,000 and $1,499 per month for housing. Just 11.3% of renters in ZIP Code 01151 pay between $1,500 and $1,999 for monthly rent.

ZIP Code 01151 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 01151

See the chart below for a comparison of monthly rental costs in ZIP Code 01151, Massachusetts, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 01151 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 01151

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

Cost ZIP 01151 Massachusetts U.S.
Less than $500 16.0% 13.6% 9.4%
$500 to $999 36.1% 20.4% 36.2%
$1,000 to $1,499 36.7% 27.4% 30.0%
$1,500 to $1,999 11.3% 19.6% 14.0%
$2,000 to $2,499 0.0% 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 01151

Renters in ZIP Code 01151 use an estimated 30.71% of their income to cover their monthly rent payments. That is about 3% higher 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 01151 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 01151 come in lower than in Massachusetts as a whole. The median annual household income in ZIP Code 01151 of $43,128 sits approximately 47% lower than the overall Massachusetts median income of $81,215 and approximately 31% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 01151

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 01151, 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 01151 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 01151

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

Rent Cost as % of Income ZIP 01151 Massachusetts U.S.
Less than 15.0 percent 16.0% 13.0% 13.1%
15.0 to 19.9 percent 11.8% 12.6% 12.9%
20.0 to 24.9 percent 8.1% 12.6% 12.9%
25.0 to 29.9 percent 8.5% 12.3% 11.6%
30.0 to 34.9 percent 7.5% 10.0% 9.1%
35.0 percent or more 48.1% 39.5% 40.5%

Household Income in ZIP Code 01151

See the table below for the regional comparison of annual household income in ZIP Code 01151.

Income ZIP 01151 Massachusetts U.S.
Less than $10,000 8.0% 5.2% 6.0%
$10,000 to $14,999 5.0% 4.2% 4.3%
$15,000 to $24,999 14.1% 7.2% 8.9%
$25,000 to $34,999 13.7% 6.7% 8.9%
$35,000 to $49,999 19.8% 9.3% 12.3%
$50,000 to $74,999 14.6% 14.2% 17.2%
$75,000 to $99,999 12.6% 12.1% 12.7%
$100,000 to $149,999 9.9% 17.8% 15.1%
$150,000 to $199,999 1.7% 10.2% 6.8%
$200,000 or more 0.7% 13.2% 7.7%

Household Income in ZIP Code 01151

See the chart below for a comparison of annual household income figures in ZIP Code 01151, Massachusetts, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 01151 alongside the same figures for the state of Massachusetts and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 01151

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 01151.

ZIP 01151 Massachusetts U.S.
Median Housing Rent $983 $1,282 $1,062
Renter-Occupied Housing Units 55.4% 37.6% 36.0%
Rental Vacancy Rate 9.3% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.87 2.25 2.49
Average # of Bedrooms Per Unit 2.49 2.66 2.75
Percent of Income Spent on Rent 30.71% 29.76% 29.83%
Per Capita Income $21,099 $43,761 $34,103
Median Household Income $53,641 $111,498 $88,607
Living Below the Poverty Line 17.1% 7.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 01151

In ZIP Code 01151 (Indian Orchard, MA), and estimated 55.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.3%.

The per capita income in 01151 is estimated at $21,099, which goes along with an estimated median household income of $53,641. About 17.1% of residents in this Hampden County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.87 occupants, while the units have an aggregate average size of 2.49 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.71% of their income on housing rental costs.

Rental FAQs for ZIP Code 01151

1

What is the median monthly rent in ZIP Code 01151?

Median rent for housing in ZIP Code 01151 in Hampden County in Massachusetts is approximately $983 per month.
2

Is it expensive to rent in ZIP Code 01151?

Rent in ZIP Code 01151 is lower than average in the state of Massachusetts overall. The median monthly rent of $983 in ZIP Code 01151 is approximately 23% lower than the Massachusetts median of $1,282. Additionally, median rent in this Indian Orchard, MA region ($983) is about 7% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 01151?

High-priced rentals are not common in the Indian Orchard, MA ZIP Code of 01151, 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 01151?

Affordable rentals are more common in ZIP Code 01151 than in Massachusetts overall. The percentage of housing rentals in ZIP Code 01151 costing $999 or less per month (52.1%) is approximately 53% 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 14% lower than the previously mentioned 01151 rate of 52.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 01151?

The most common range for rental cost in ZIP Code 01151 is between $1,000 and $1,499 per month. About 36.7% of renters in 01151 pay in this range for monthly rent. In comparison, approximately 27.4% of renters in the state of Massachusetts fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 01151 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 01151 is higher than the rental vacancy rate in the state of Massachusetts overall. Rental vacancy of 9.3% in ZIP Code 01151 is about 158% higher than the Massachusetts rate of 3.6%. Looking more broadly, rental vacancy in this Indian Orchard, MA region (9.3%) is an estimated 55% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 01151? How does it compare to other Massachusetts regions?

Median household income in ZIP Code 01151 is lower than in the state of Massachusetts overall. Annual household income of $43,128 in ZIP Code 01151 is about 47% lower than the Massachusetts median of $81,215. Additionally, median household income in this Indian Orchard, MA region ($43,128) is approximately 31% lower 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 01151 spend on housing costs?

Renters in ZIP Code 01151 spend a higher amount of their income on rent costs than do renters in Massachusetts overall. Renters in ZIP Code 01151 spend an estimated 30.71% of their income on rent payments, which is about 3% higher 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% lower than the ZIP Code 01151 estimated rate of 30.71%.
9

Do renters in ZIP Code 01151 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 01151 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 01151 spending 30 percent or more of their income on rent costs (55.6%) is approximately 12% 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 12% lower than the aforementioned 01151 rate of 55.6%.
10

What is the average household size of renter-occupied units in ZIP Code 01151?

The average household size of renter-occupied units in ZIP Code 01151 is higher than in the state of Massachusetts overall. Annual household size of 2.87 in ZIP Code 01151 is about 28% higher than the Massachusetts median of 2.25. Additionally, median household size in this Indian Orchard, MA region (2.87) is approximately 15% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Massachusetts ZIP Codes