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Rental Insights for ZIP Code 01351 (Montague, MA)

Housing Rentals in ZIP Code 01351 (Montague, MA)

01351 ZIP Code in Massachusetts

Learn About Housing Rentals in ZIP Code 01351

ZIP Code 01351 is primarily located in Montague, MA in Franklin County. The median housing rent payment in this Massachusetts region is $962 per month. Approximately 31.0% of housing units in the region are renter-occupied, and this this Franklin County ZIP Code has an estimated rental vacancy rate of 6.5%.

The median rent in ZIP Code 01351 of $962 per month is 25% lower than the aggregate Massachusetts median monthly rent of $1,282, and is 9% lower than the $1,062 the median monthly rent in the U.S. overall. About 36.9% of renters in ZIP Code 01351 pay between $500 and $999 per month for housing. That is 81% higher than in Massachusetts overall, in which 20.4% of total state residents pay between $500 and $999 per month for housing. Only 3.5% of ZIP Code 01351 renters pay between $2,000 and $2,499 for monthly rent.

ZIP Code 01351 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 01351

See the chart below for a comparison of monthly rental costs in ZIP Code 01351, Massachusetts, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 01351 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 01351

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

Cost ZIP 01351 Massachusetts U.S.
Less than $500 16.7% 13.6% 9.4%
$500 to $999 36.9% 20.4% 36.2%
$1,000 to $1,499 34.0% 27.4% 30.0%
$1,500 to $1,999 8.9% 19.6% 14.0%
$2,000 to $2,499 3.5% 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 01351

Renters in ZIP Code 01351 use an estimated 23.86% of their income to cover their monthly rent payments. That is about 20% 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 01351 renters use about 20% less of their income to cover rent expense. Household income figures for ZIP Code 01351 come in lower than in Massachusetts as a whole. The median annual household income in ZIP Code 01351 of $81,042 sits approximately 0% lower than the overall Massachusetts median income of $81,215 and approximately 29% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 01351

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 01351, 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 01351 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 01351

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

Rent Cost as % of Income ZIP 01351 Massachusetts U.S.
Less than 15.0 percent 35.0% 13.0% 13.1%
15.0 to 19.9 percent 3.8% 12.6% 12.9%
20.0 to 24.9 percent 8.1% 12.6% 12.9%
25.0 to 29.9 percent 27.7% 12.3% 11.6%
30.0 to 34.9 percent 5.4% 10.0% 9.1%
35.0 percent or more 20.0% 39.5% 40.5%

Household Income in ZIP Code 01351

See the table below for the regional comparison of annual household income in ZIP Code 01351.

Income ZIP 01351 Massachusetts U.S.
Less than $10,000 2.3% 5.2% 6.0%
$10,000 to $14,999 4.7% 4.2% 4.3%
$15,000 to $24,999 3.9% 7.2% 8.9%
$25,000 to $34,999 4.6% 6.7% 8.9%
$35,000 to $49,999 13.8% 9.3% 12.3%
$50,000 to $74,999 16.9% 14.2% 17.2%
$75,000 to $99,999 23.1% 12.1% 12.7%
$100,000 to $149,999 19.1% 17.8% 15.1%
$150,000 to $199,999 9.1% 10.2% 6.8%
$200,000 or more 2.5% 13.2% 7.7%

Household Income in ZIP Code 01351

See the chart below for a comparison of annual household income figures in ZIP Code 01351, Massachusetts, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 01351 alongside the same figures for the state of Massachusetts and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 01351

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 01351.

ZIP 01351 Massachusetts U.S.
Median Housing Rent $962 $1,282 $1,062
Renter-Occupied Housing Units 31.0% 37.6% 36.0%
Rental Vacancy Rate 6.5% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.92 2.25 2.49
Average # of Bedrooms Per Unit 2.71 2.66 2.75
Percent of Income Spent on Rent 23.86% 29.76% 29.83%
Per Capita Income $39,893 $43,761 $34,103
Median Household Income $85,700 $111,498 $88,607
Living Below the Poverty Line 3.2% 7.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 01351

In ZIP Code 01351 (Montague, MA), and estimated 31.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.5%.

The per capita income in 01351 is estimated at $39,893, which goes along with an estimated median household income of $85,700. About 3.2% of residents in this Franklin County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.92 occupants, while the units have an aggregate average size of 2.71 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.86% of their income on housing rental costs.

Rental FAQs for ZIP Code 01351

1

What is the median monthly rent in ZIP Code 01351?

Median rent for housing in ZIP Code 01351 in Franklin County in Massachusetts is approximately $962 per month.
2

Is it expensive to rent in ZIP Code 01351?

Rent in ZIP Code 01351 is lower than average in the state of Massachusetts overall. The median monthly rent of $962 in ZIP Code 01351 is approximately 25% lower than the Massachusetts median of $1,282. Additionally, median rent in this Montague, MA region ($962) is about 9% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 01351?

High-priced rentals are not common in the Montague, MA ZIP Code of 01351, 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 01351?

Affordable rentals are more common in ZIP Code 01351 than in Massachusetts overall. The percentage of housing rentals in ZIP Code 01351 costing $999 or less per month (53.6%) is approximately 58% 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 18% lower than the previously mentioned 01351 rate of 53.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 01351?

The most common range for rental cost in ZIP Code 01351 is between $500 and $999 per month. About 36.9% of renters in 01351 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 01351 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 01351 is higher than the rental vacancy rate in the state of Massachusetts overall. Rental vacancy of 6.5% in ZIP Code 01351 is about 81% higher than the Massachusetts rate of 3.6%. Looking more broadly, rental vacancy in this Montague, MA region (6.5%) is an estimated 8% 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 01351? How does it compare to other Massachusetts regions?

Median household income in ZIP Code 01351 is lower than in the state of Massachusetts overall. Annual household income of $81,042 in ZIP Code 01351 is about 0% lower than the Massachusetts median of $81,215. Additionally, median household income in this Montague, MA region ($81,042) is approximately 29% 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 01351 spend on housing costs?

Renters in ZIP Code 01351 spend a lower amount of their income on rent costs than do renters in Massachusetts overall. Renters in ZIP Code 01351 spend an estimated 23.86% of their income on rent payments, which is about 20% 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 20% higher than the ZIP Code 01351 estimated rate of 23.86%.
9

Do renters in ZIP Code 01351 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 01351 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 01351 spending 30 percent or more of their income on rent costs (25.4%) is approximately 49% lower 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 49% higher than the aforementioned 01351 rate of 25.4%.
10

What is the average household size of renter-occupied units in ZIP Code 01351?

The average household size of renter-occupied units in ZIP Code 01351 is lower than in the state of Massachusetts overall. Annual household size of 1.92 in ZIP Code 01351 is about 15% lower than the Massachusetts median of 2.25. Additionally, median household size in this Montague, MA region (1.92) is approximately 23% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Massachusetts ZIP Codes