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Rental Insights for ZIP Code 05701 (Rutland, VT)

Housing Rentals in ZIP Code 05701 (Rutland, VT)

05701 ZIP Code in Vermont

Learn About Housing Rentals in ZIP Code 05701

ZIP Code 05701 is primarily located in Rutland, VT in Rutland County. The median housing rent payment in this region of Vermont is $798 per month. Approximately 40.6% of housing units in this Rutland County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 5.7%.

The median rent in ZIP Code 05701 of $798 per month is 19% lower than the aggregate Vermont median monthly rent of $985, and is 25% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 57.1% of residents in ZIP Code 05701 pay between $500 and $999 per month for rent. That is 45% higher than in Vermont overall, in which 39.4% of total state residents pay between $500 and $999 per month for housing. Only 1.9% of renters in this Rutland, VT region pay between $2,000 and $2,499 per month for rent.

ZIP Code 05701 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 05701

See the chart below for a comparison of monthly rental costs in ZIP Code 05701, Vermont, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 05701 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 05701

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

Cost ZIP 05701 Vermont U.S.
Less than $500 13.4% 12.1% 9.4%
$500 to $999 57.1% 39.4% 36.2%
$1,000 to $1,499 21.8% 32.2% 30.0%
$1,500 to $1,999 5.9% 11.9% 14.0%
$2,000 to $2,499 1.9% 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 05701

Renters in ZIP Code 05701 use an estimated 30.86% of their income to cover their monthly rent payments. That is about 2% 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 05701 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 05701 come in lower than in Vermont as a whole. The median annual household income in ZIP Code 05701 of $52,282 sits approximately 16% lower than the overall Vermont median income of $61,973 and approximately 17% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 05701

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 05701, 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 05701 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 05701

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

Rent Cost as % of Income ZIP 05701 Vermont U.S.
Less than 15.0 percent 10.8% 10.8% 13.1%
15.0 to 19.9 percent 11.7% 12.6% 12.9%
20.0 to 24.9 percent 7.1% 13.2% 12.9%
25.0 to 29.9 percent 15.0% 12.8% 11.6%
30.0 to 34.9 percent 15.4% 9.9% 9.1%
35.0 percent or more 40.0% 40.7% 40.5%

Household Income in ZIP Code 05701

See the table below for the regional comparison of annual household income in ZIP Code 05701.

Income ZIP 05701 Vermont U.S.
Less than $10,000 5.4% 4.8% 6.0%
$10,000 to $14,999 7.2% 5.0% 4.3%
$15,000 to $24,999 12.0% 9.1% 8.9%
$25,000 to $34,999 10.1% 9.1% 8.9%
$35,000 to $49,999 13.7% 12.2% 12.3%
$50,000 to $74,999 19.4% 18.7% 17.2%
$75,000 to $99,999 12.1% 14.0% 12.7%
$100,000 to $149,999 11.9% 16.0% 15.1%
$150,000 to $199,999 5.6% 5.6% 6.8%
$200,000 or more 2.9% 5.5% 7.7%

Household Income in ZIP Code 05701

See the chart below for a comparison of annual household income figures in ZIP Code 05701, Vermont, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 05701 alongside the same figures for the state of Vermont and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 05701

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 05701.

ZIP 05701 Vermont U.S.
Median Housing Rent $798 $985 $1,062
Renter-Occupied Housing Units 40.6% 29.2% 36.0%
Rental Vacancy Rate 5.7% 4.2% 6.0%
Average Size of Renter-Occupied Unit 1.72 2.04 2.49
Average # of Bedrooms Per Unit 2.26 2.67 2.75
Percent of Income Spent on Rent 30.86% 30.29% 29.83%
Per Capita Income $32,160 $34,577 $34,103
Median Household Income $68,223 $81,233 $88,607
Living Below the Poverty Line 8.2% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 05701

In ZIP Code 05701 (Rutland, VT), and estimated 40.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.7%.

The per capita income in 05701 is estimated at $32,160, which goes along with an estimated median household income of $68,223. About 8.2% of residents in this Rutland County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.72 occupants, while the units have an aggregate average size of 2.26 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.86% of their income on housing rental costs.

Rental FAQs for ZIP Code 05701

1

What is the median monthly rent in ZIP Code 05701?

Median rent for housing in ZIP Code 05701 in Rutland County in Vermont is approximately $798 per month.
2

Is it expensive to rent in ZIP Code 05701?

Rent in ZIP Code 05701 is lower than average in the state of Vermont overall. The median monthly rent of $798 in ZIP Code 05701 is approximately 19% lower than the Vermont median of $985. Additionally, median rent in this Rutland, VT region ($798) is about 25% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 05701?

High-priced rentals are not common in the Rutland, VT ZIP Code of 05701, 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 05701?

Affordable rentals are more common in ZIP Code 05701 than in Vermont overall. The percentage of housing rentals in ZIP Code 05701 costing $999 or less per month (70.5%) is approximately 37% 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 55% lower than the previously mentioned 05701 rate of 70.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 05701?

The most common range for rental cost in ZIP Code 05701 is between $500 and $999 per month. About 57.1% of renters in 05701 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 05701 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 05701 is higher than the rental vacancy rate in the state of Vermont overall. Rental vacancy of 5.7% in ZIP Code 05701 is about 36% higher than the Vermont rate of 4.2%. Looking more broadly, rental vacancy in this Rutland, VT region (5.7%) is an estimated 5% 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 05701? How does it compare to other Vermont regions?

Median household income in ZIP Code 05701 is lower than in the state of Vermont overall. Annual household income of $52,282 in ZIP Code 05701 is about 16% lower than the Vermont median of $61,973. Additionally, median household income in this Rutland, VT region ($52,282) is approximately 17% 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 05701 spend on housing costs?

Renters in ZIP Code 05701 spend a higher amount of their income on rent costs than do renters in Vermont overall. Renters in ZIP Code 05701 spend an estimated 30.86% of their income on rent payments, which is about 2% 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 05701 estimated rate of 30.86%.
9

Do renters in ZIP Code 05701 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 05701 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 05701 spending 30 percent or more of their income on rent costs (55.4%) is approximately 9% 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 12% lower than the aforementioned 05701 rate of 55.4%.
10

What is the average household size of renter-occupied units in ZIP Code 05701?

The average household size of renter-occupied units in ZIP Code 05701 is lower than in the state of Vermont overall. Annual household size of 1.72 in ZIP Code 05701 is about 16% lower than the Vermont median of 2.04. Additionally, median household size in this Rutland, VT region (1.72) is approximately 31% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Vermont ZIP Codes