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Rental Insights for ZIP Code 05045 (Fairlee, VT)

Housing Rentals in ZIP Code 05045 (Fairlee, VT)

05045 ZIP Code in Vermont

Learn About Housing Rentals in ZIP Code 05045

ZIP Code 05045 is primarily located in Fairlee, VT in Orange County. The median housing rent payment in this region of Vermont is $900 per month. About 19.2% of housing units in this Orange County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 05045 of $900 per month is 9% lower than the aggregate Vermont median monthly rent of $985, and is 15% lower than the $1,062 the median monthly rent in the U.S. overall. About 50.0% of residents in ZIP Code 05045 pay between $500 and $999 per month for rent. That is 27% higher than in Vermont overall, in which 39.4% of total state residents pay between $500 and $999 per month for housing. Just 4.3% of renters in this Fairlee, VT region pay between $2,500 and $2,999 per month for rent.

ZIP Code 05045 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 05045

See the chart below for a comparison of monthly rental costs in ZIP Code 05045, Vermont, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 05045 along with those in the state of Vermont and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 05045

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

Cost ZIP 05045 Vermont U.S.
Less than $500 9.9% 12.1% 9.4%
$500 to $999 50.0% 39.4% 36.2%
$1,000 to $1,499 16.0% 32.2% 30.0%
$1,500 to $1,999 13.6% 11.9% 14.0%
$2,000 to $2,499 6.2% 2.9% 5.6%
$2,500 to $2,999 4.3% 0.9% 2.4%
$3,000 or more 0.0% 0.7% 2.4%

Rent Cost vs. Income in ZIP Code 05045

Renters in ZIP Code 05045 use an estimated 29.7% of their income to cover their monthly rent payments. That is about 2% lower than in Vermont overall. The estimate for Vermont overall is 30.29% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 05045 renters use about 0% less of their income to cover rent expense. Household income figures for ZIP Code 05045 come in lower than in Vermont as a whole. The median annual household income in ZIP Code 05045 of $56,094 sits approximately 9% lower than the overall Vermont median income of $61,973 and approximately 11% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 05045

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 05045, Vermont, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 05045 along with the same calculations in the state of Vermont 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 05045

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

Rent Cost as % of Income ZIP 05045 Vermont U.S.
Less than 15.0 percent 9.3% 10.8% 13.1%
15.0 to 19.9 percent 17.3% 12.6% 12.9%
20.0 to 24.9 percent 10.5% 13.2% 12.9%
25.0 to 29.9 percent 19.8% 12.8% 11.6%
30.0 to 34.9 percent 4.3% 9.9% 9.1%
35.0 percent or more 38.9% 40.7% 40.5%

Household Income in ZIP Code 05045

See the table below for the regional comparison of annual household income in ZIP Code 05045.

Income ZIP 05045 Vermont U.S.
Less than $10,000 3.1% 4.8% 6.0%
$10,000 to $14,999 6.3% 5.0% 4.3%
$15,000 to $24,999 15.3% 9.1% 8.9%
$25,000 to $34,999 7.6% 9.1% 8.9%
$35,000 to $49,999 11.8% 12.2% 12.3%
$50,000 to $74,999 19.2% 18.7% 17.2%
$75,000 to $99,999 16.4% 14.0% 12.7%
$100,000 to $149,999 13.1% 16.0% 15.1%
$150,000 to $199,999 2.1% 5.6% 6.8%
$200,000 or more 5.2% 5.5% 7.7%

Household Income in ZIP Code 05045

See the chart below for a comparison of annual household income figures in ZIP Code 05045, Vermont, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 05045 alongside the same figures for the state of Vermont and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 05045

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 05045.

ZIP 05045 Vermont U.S.
Median Housing Rent $900 $985 $1,062
Renter-Occupied Housing Units 19.2% 29.2% 36.0%
Rental Vacancy Rate 0.0% 4.2% 6.0%
Average Size of Renter-Occupied Unit 1.86 2.04 2.49
Average # of Bedrooms Per Unit 2.6 2.67 2.75
Percent of Income Spent on Rent 29.7% 30.29% 29.83%
Per Capita Income $34,440 $34,577 $34,103
Median Household Income $69,135 $81,233 $88,607
Living Below the Poverty Line 2.0% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 05045

In ZIP Code 05045 (Fairlee, VT), and estimated 19.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 05045 is estimated at $34,440, which goes along with an estimated median household income of $69,135. About 2.0% of residents in this Orange County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.86 occupants, while the units have an aggregate average size of 2.6 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.7% of their income on housing rental costs.

Rental FAQs for ZIP Code 05045

1

What is the median monthly rent in ZIP Code 05045?

Median rent for housing in ZIP Code 05045 in Orange County in Vermont is approximately $900 per month.
2

Is it expensive to rent in ZIP Code 05045?

Rent in ZIP Code 05045 is lower than average in the state of Vermont overall. The median monthly rent of $900 in ZIP Code 05045 is approximately 9% lower than the Vermont median of $985. Additionally, median rent in this Fairlee, VT region ($900) is about 15% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 05045?

High-priced rentals are not common in the Fairlee, VT ZIP Code of 05045, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Vermont overall, approximately 0.7% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 05045?

Affordable rentals are more common in ZIP Code 05045 than in Vermont overall. The percentage of housing rentals in ZIP Code 05045 costing $999 or less per month (59.9%) is approximately 16% higher than the Vermont rate of 51.5% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 31% lower than the previously mentioned 05045 rate of 59.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 05045?

The most common range for rental cost in ZIP Code 05045 is between $500 and $999 per month. About 50.0% of renters in 05045 pay in this range for monthly rent. In comparison, approximately 39.4% of renters in the state of Vermont fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 05045 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 05045 is lower than the rental vacancy rate in the state of Vermont overall. Rental vacancy of 0.0% in ZIP Code 05045 is about 100% lower than the Vermont rate of 4.2%. Looking more broadly, rental vacancy in this Fairlee, VT 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 05045? How does it compare to other Vermont regions?

Median household income in ZIP Code 05045 is lower than in the state of Vermont overall. Annual household income of $56,094 in ZIP Code 05045 is about 9% lower than the Vermont median of $61,973. Additionally, median household income in this Fairlee, VT region ($56,094) is approximately 11% 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 05045 spend on housing costs?

Renters in ZIP Code 05045 spend a lower amount of their income on rent costs than do renters in Vermont overall. Renters in ZIP Code 05045 spend an estimated 29.7% of their income on rent payments, which is about 2% lower than the overall Vermont estimated rate of 30.29%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 0% higher than the ZIP Code 05045 estimated rate of 29.7%.
9

Do renters in ZIP Code 05045 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 05045 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 05045 spending 30 percent or more of their income on rent costs (43.2%) is approximately 15% lower than the Vermont rate of 50.6% 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 13% higher than the aforementioned 05045 rate of 43.2%.
10

What is the average household size of renter-occupied units in ZIP Code 05045?

The average household size of renter-occupied units in ZIP Code 05045 is lower than in the state of Vermont overall. Annual household size of 1.86 in ZIP Code 05045 is about 9% lower than the Vermont median of 2.04. Additionally, median household size in this Fairlee, VT region (1.86) is approximately 25% lower than median household size of 2.49 in the U.S. as a whole.

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