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Rental Insights for ZIP Code 05150 (North Springfield, VT)

Housing Rentals in ZIP Code 05150 (North Springfield, VT)

05150 ZIP Code in Vermont

Learn About Housing Rentals in ZIP Code 05150

ZIP Code 05150 is primarily located in North Springfield, VT in Windsor County. The median housing rent payment in this region of Vermont is $960 per month. Approximately 33.5% of housing units in this Windsor County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 22.7%.

The median rent in ZIP Code 05150 of $960 per month is 3% lower than the aggregate Vermont median monthly rent of $985, and is 10% lower than the $1,062 the median monthly rent in the U.S. overall. About 71.6% of renters in ZIP Code 05150 pay between $500 and $999 per month for housing. That is 82% higher than in Vermont overall, in which 39.4% of total state residents pay between $500 and $999 per month for housing. Just 28.4% of renters in ZIP Code 05150 pay between $1,000 and $1,499 for monthly rent.

ZIP Code 05150 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 05150

See the chart below for a comparison of monthly rental costs in ZIP Code 05150, Vermont, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 05150 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 05150

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

Cost ZIP 05150 Vermont U.S.
Less than $500 0.0% 12.1% 9.4%
$500 to $999 71.6% 39.4% 36.2%
$1,000 to $1,499 28.4% 32.2% 30.0%
$1,500 to $1,999 0.0% 11.9% 14.0%
$2,000 to $2,499 0.0% 2.9% 5.6%
$2,500 to $2,999 0.0% 0.9% 2.4%
$3,000 or more 0.0% 0.7% 2.4%

Rent Cost vs. Income in ZIP Code 05150

Renters in ZIP Code 05150 use an estimated 38.15% of their income to cover their monthly rent payments. That is about 26% higher 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 05150 renters use about 28% more of their income to cover rent expense. Household income figures for ZIP Code 05150 come in lower than in Vermont as a whole. The median annual household income in ZIP Code 05150 of $30,685 sits approximately 50% lower than the overall Vermont median income of $61,973 and approximately 51% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 05150

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 05150, 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 05150 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 05150

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

Rent Cost as % of Income ZIP 05150 Vermont U.S.
Less than 15.0 percent 0.0% 10.8% 13.1%
15.0 to 19.9 percent 17.4% 12.6% 12.9%
20.0 to 24.9 percent 0.0% 13.2% 12.9%
25.0 to 29.9 percent 0.0% 12.8% 11.6%
30.0 to 34.9 percent 0.0% 9.9% 9.1%
35.0 percent or more 82.6% 40.7% 40.5%

Household Income in ZIP Code 05150

See the table below for the regional comparison of annual household income in ZIP Code 05150.

Income ZIP 05150 Vermont U.S.
Less than $10,000 6.5% 4.8% 6.0%
$10,000 to $14,999 26.5% 5.0% 4.3%
$15,000 to $24,999 5.2% 9.1% 8.9%
$25,000 to $34,999 22.2% 9.1% 8.9%
$35,000 to $49,999 9.5% 12.2% 12.3%
$50,000 to $74,999 12.3% 18.7% 17.2%
$75,000 to $99,999 14.8% 14.0% 12.7%
$100,000 to $149,999 3.1% 16.0% 15.1%
$150,000 to $199,999 0.0% 5.6% 6.8%
$200,000 or more 0.0% 5.5% 7.7%

Household Income in ZIP Code 05150

See the chart below for a comparison of annual household income figures in ZIP Code 05150, Vermont, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 05150 alongside the same figures for the state of Vermont and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 05150

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 05150.

ZIP 05150 Vermont U.S.
Median Housing Rent $960 $985 $1,062
Renter-Occupied Housing Units 33.5% 29.2% 36.0%
Rental Vacancy Rate 22.7% 4.2% 6.0%
Average Size of Renter-Occupied Unit 1.30 2.04 2.49
Average # of Bedrooms Per Unit 2.33 2.67 2.75
Percent of Income Spent on Rent 38.15% 30.29% 29.83%
Per Capita Income $20,597 $34,577 $34,103
Median Household Income $38,361 $81,233 $88,607
Living Below the Poverty Line 60.1% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 05150

In ZIP Code 05150 (North Springfield, VT), and estimated 33.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 22.7%.

The per capita income in 05150 is estimated at $20,597, which goes along with an estimated median household income of $38,361. About 60.1% of residents in this Windsor County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.30 occupants, while the units have an aggregate average size of 2.33 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 38.15% of their income on housing rental costs.

Rental FAQs for ZIP Code 05150

1

What is the median monthly rent in ZIP Code 05150?

Median rent for housing in ZIP Code 05150 in Windsor County in Vermont is approximately $960 per month.
2

Is it expensive to rent in ZIP Code 05150?

Rent in ZIP Code 05150 is lower than average in the state of Vermont overall. The median monthly rent of $960 in ZIP Code 05150 is approximately 3% lower than the Vermont median of $985. Additionally, median rent in this North Springfield, VT region ($960) is about 10% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 05150?

High-priced rentals are not common in the North Springfield, VT ZIP Code of 05150, 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 05150?

Affordable rentals are more common in ZIP Code 05150 than in Vermont overall. The percentage of housing rentals in ZIP Code 05150 costing $999 or less per month (71.6%) is approximately 39% 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 57% lower than the previously mentioned 05150 rate of 71.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 05150?

The most common range for rental cost in ZIP Code 05150 is between $500 and $999 per month. About 71.6% of renters in 05150 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 05150 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 05150 is higher than the rental vacancy rate in the state of Vermont overall. Rental vacancy of 22.7% in ZIP Code 05150 is about 440% higher than the Vermont rate of 4.2%. Looking more broadly, rental vacancy in this North Springfield, VT region (22.7%) is an estimated 278% 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 05150? How does it compare to other Vermont regions?

Median household income in ZIP Code 05150 is lower than in the state of Vermont overall. Annual household income of $30,685 in ZIP Code 05150 is about 50% lower than the Vermont median of $61,973. Additionally, median household income in this North Springfield, VT region ($30,685) is approximately 51% 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 05150 spend on housing costs?

Renters in ZIP Code 05150 spend a higher amount of their income on rent costs than do renters in Vermont overall. Renters in ZIP Code 05150 spend an estimated 38.15% of their income on rent payments, which is about 26% higher 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 28% lower than the ZIP Code 05150 estimated rate of 38.15%.
9

Do renters in ZIP Code 05150 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 05150 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 05150 spending 30 percent or more of their income on rent costs (82.6%) is approximately 63% higher 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 67% lower than the aforementioned 05150 rate of 82.6%.
10

What is the average household size of renter-occupied units in ZIP Code 05150?

The average household size of renter-occupied units in ZIP Code 05150 is lower than in the state of Vermont overall. Annual household size of 1.30 in ZIP Code 05150 is about 36% lower than the Vermont median of 2.04. Additionally, median household size in this North Springfield, VT region (1.30) is approximately 48% lower than median household size of 2.49 in the U.S. as a whole.

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