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Rental Insights for ZIP Code 05468 (Milton, VT)

Housing Rentals in ZIP Code 05468 (Milton, VT)

05468 ZIP Code in Vermont

Learn About Housing Rentals in ZIP Code 05468

ZIP Code 05468 is primarily located in Milton, VT in Chittenden County. The median housing rent payment in this region of Vermont is $1,183 per month. About 17.3% of housing units in the region are renter-occupied, and this Chittenden County ZIP Code has an approximate rental vacancy rate of 1.2%.

The median rent in ZIP Code 05468 of $1,183 per month is 20% higher than the aggregate Vermont median monthly rent of $985, and is 11% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 48.3% of residents in ZIP Code 05468 have a monthly rent payment between $1,000 and $1,499. That is 50% higher than in Vermont overall, in which 32.2% of total state residents pay between $1,000 and $1,499 per month for housing.

ZIP Code 05468 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 05468

See the chart below for a comparison of monthly rental costs in ZIP Code 05468, Vermont, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 05468 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 05468

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

Cost ZIP 05468 Vermont U.S.
Less than $500 9.7% 12.1% 9.4%
$500 to $999 21.2% 39.4% 36.2%
$1,000 to $1,499 48.3% 32.2% 30.0%
$1,500 to $1,999 15.2% 11.9% 14.0%
$2,000 to $2,499 4.6% 2.9% 5.6%
$2,500 to $2,999 0.0% 0.9% 2.4%
$3,000 or more 0.9% 0.7% 2.4%

Rent Cost vs. Income in ZIP Code 05468

Renters in ZIP Code 05468 use an estimated 30.64% of their income to cover their monthly rent payments. That is about 1% 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 05468 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 05468 come in higher than in Vermont as a whole. The median annual household income in ZIP Code 05468 of $87,640 sits approximately 41% higher than the overall Vermont median income of $61,973 and approximately 39% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 05468

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 05468, 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 05468 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 05468

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

Rent Cost as % of Income ZIP 05468 Vermont U.S.
Less than 15.0 percent 9.5% 10.8% 13.1%
15.0 to 19.9 percent 12.3% 12.6% 12.9%
20.0 to 24.9 percent 9.7% 13.2% 12.9%
25.0 to 29.9 percent 14.0% 12.8% 11.6%
30.0 to 34.9 percent 17.0% 9.9% 9.1%
35.0 percent or more 37.6% 40.7% 40.5%

Household Income in ZIP Code 05468

See the table below for the regional comparison of annual household income in ZIP Code 05468.

Income ZIP 05468 Vermont U.S.
Less than $10,000 1.5% 4.8% 6.0%
$10,000 to $14,999 2.1% 5.0% 4.3%
$15,000 to $24,999 5.8% 9.1% 8.9%
$25,000 to $34,999 6.9% 9.1% 8.9%
$35,000 to $49,999 8.6% 12.2% 12.3%
$50,000 to $74,999 16.2% 18.7% 17.2%
$75,000 to $99,999 21.8% 14.0% 12.7%
$100,000 to $149,999 25.6% 16.0% 15.1%
$150,000 to $199,999 7.4% 5.6% 6.8%
$200,000 or more 4.1% 5.5% 7.7%

Household Income in ZIP Code 05468

See the chart below for a comparison of annual household income figures in ZIP Code 05468, Vermont, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 05468 alongside the same figures for the state of Vermont and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 05468

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 05468.

ZIP 05468 Vermont U.S.
Median Housing Rent $1,183 $985 $1,062
Renter-Occupied Housing Units 17.3% 29.2% 36.0%
Rental Vacancy Rate 1.2% 4.2% 6.0%
Average Size of Renter-Occupied Unit 2.22 2.04 2.49
Average # of Bedrooms Per Unit 2.86 2.67 2.75
Percent of Income Spent on Rent 30.64% 30.29% 29.83%
Per Capita Income $36,564 $34,577 $34,103
Median Household Income $93,979 $81,233 $88,607
Living Below the Poverty Line 2.2% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 05468

In ZIP Code 05468 (Milton, VT), and estimated 17.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.2%.

The per capita income in 05468 is estimated at $36,564, which goes along with an estimated median household income of $93,979. About 2.2% of residents in this Chittenden County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.22 occupants, while the units have an aggregate average size of 2.86 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.64% of their income on housing rental costs.

Rental FAQs for ZIP Code 05468

1

What is the median monthly rent in ZIP Code 05468?

Median rent for housing in ZIP Code 05468 in Chittenden County in Vermont is approximately $1,183 per month.
2

Is it expensive to rent in ZIP Code 05468?

Rent in ZIP Code 05468 is higher than average in the state of Vermont overall. The median monthly rent of $1,183 in ZIP Code 05468 is approximately 20% higher than the Vermont median of $985. Additionally, median rent in this Milton, VT region ($1,183) is about 11% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 05468?

High-priced rentals are more common in ZIP Code 05468 than in Vermont overall. The percentage of rentals in ZIP Code 05468 that cost $3,000 or more per month (0.9%) is about 29% higher than the Vermont rate of 0.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 63% higher than the aforementioned 05468 rate of 0.9%.
4

Are affordable rentals common in ZIP Code 05468?

Affordable rentals are less common in ZIP Code 05468 than in Vermont overall. The percentage of housing rentals in ZIP Code 05468 costing $999 or less per month (30.9%) is approximately 40% lower 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 32% higher than the previously mentioned 05468 rate of 30.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 05468?

The most common range for rental cost in ZIP Code 05468 is between $1,000 and $1,499 per month. About 48.3% of renters in 05468 pay in this range for monthly rent. In comparison, approximately 32.2% of renters in the state of Vermont 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 05468 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 05468 is lower than the rental vacancy rate in the state of Vermont overall. Rental vacancy of 1.2% in ZIP Code 05468 is about 71% lower than the Vermont rate of 4.2%. Looking more broadly, rental vacancy in this Milton, VT region (1.2%) is an estimated 80% 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 05468? How does it compare to other Vermont regions?

Median household income in ZIP Code 05468 is higher than in the state of Vermont overall. Annual household income of $87,640 in ZIP Code 05468 is about 41% higher than the Vermont median of $61,973. Additionally, median household income in this Milton, VT region ($87,640) is approximately 39% 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 05468 spend on housing costs?

Renters in ZIP Code 05468 spend a higher amount of their income on rent costs than do renters in Vermont overall. Renters in ZIP Code 05468 spend an estimated 30.64% of their income on rent payments, which is about 1% 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 3% lower than the ZIP Code 05468 estimated rate of 30.64%.
9

Do renters in ZIP Code 05468 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 05468 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 05468 spending 30 percent or more of their income on rent costs (54.6%) is approximately 8% 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 10% lower than the aforementioned 05468 rate of 54.6%.
10

What is the average household size of renter-occupied units in ZIP Code 05468?

The average household size of renter-occupied units in ZIP Code 05468 is higher than in the state of Vermont overall. Annual household size of 2.22 in ZIP Code 05468 is about 9% higher than the Vermont median of 2.04. Additionally, median household size in this Milton, VT region (2.22) is approximately 11% lower than median household size of 2.49 in the U.S. as a whole.

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