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Rental Insights for ZIP Code 05904 (Gilman, VT)

Housing Rentals in ZIP Code 05904 (Gilman, VT)

05904 ZIP Code in Vermont

Learn About Housing Rentals in ZIP Code 05904

ZIP Code 05904 is primarily located in Gilman, VT in Essex County. The median housing rent payment in this region of Vermont is $846 per month. About 40.0% of housing units in this Essex County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 05904 of $846 per month is 14% lower than the aggregate Vermont median monthly rent of $985, and is 20% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 57.1% of residents in ZIP Code 05904 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. Just 16.7% of renters in ZIP Code 05904 pay between $1,000 and $1,499 per month for housing.

ZIP Code 05904 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 05904

See the chart below for a comparison of monthly rental costs in ZIP Code 05904, Vermont, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 05904 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 05904

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

Cost ZIP 05904 Vermont U.S.
Less than $500 26.2% 12.1% 9.4%
$500 to $999 57.1% 39.4% 36.2%
$1,000 to $1,499 16.7% 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 05904

Renters in ZIP Code 05904 use an estimated 28.09% of their income to cover their monthly rent payments. That is about 7% 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 05904 renters use about 6% less of their income to cover rent expense. Household income figures for ZIP Code 05904 come in lower than in Vermont as a whole. The median annual household income in ZIP Code 05904 of $27,981 sits approximately 55% lower than the overall Vermont median income of $61,973 and approximately 55% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 05904

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 05904, 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 05904 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 05904

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

Rent Cost as % of Income ZIP 05904 Vermont U.S.
Less than 15.0 percent 0.0% 10.8% 13.1%
15.0 to 19.9 percent 31.0% 12.6% 12.9%
20.0 to 24.9 percent 33.3% 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 35.7% 40.7% 40.5%

Household Income in ZIP Code 05904

See the table below for the regional comparison of annual household income in ZIP Code 05904.

Income ZIP 05904 Vermont U.S.
Less than $10,000 3.8% 4.8% 6.0%
$10,000 to $14,999 5.7% 5.0% 4.3%
$15,000 to $24,999 34.3% 9.1% 8.9%
$25,000 to $34,999 27.6% 9.1% 8.9%
$35,000 to $49,999 3.8% 12.2% 12.3%
$50,000 to $74,999 20.0% 18.7% 17.2%
$75,000 to $99,999 4.8% 14.0% 12.7%
$100,000 to $149,999 0.0% 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 05904

See the chart below for a comparison of annual household income figures in ZIP Code 05904, Vermont, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 05904 alongside the same figures for the state of Vermont and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 05904

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 05904.

ZIP 05904 Vermont U.S.
Median Housing Rent $846 $985 $1,062
Renter-Occupied Housing Units 40.0% 29.2% 36.0%
Rental Vacancy Rate 0.0% 4.2% 6.0%
Average Size of Renter-Occupied Unit 2.88 2.04 2.49
Average # of Bedrooms Per Unit 3.05 2.67 2.75
Percent of Income Spent on Rent 28.09% 30.29% 29.83%
Per Capita Income $14,669 $34,577 $34,103
Median Household Income $34,482 $81,233 $88,607
Living Below the Poverty Line 44.0% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 05904

In ZIP Code 05904 (Gilman, VT), and estimated 40.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 05904 is estimated at $14,669, which goes along with an estimated median household income of $34,482. About 44.0% of residents in this Essex County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.88 occupants, while the units have an aggregate average size of 3.05 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.09% of their income on housing rental costs.

Rental FAQs for ZIP Code 05904

1

What is the median monthly rent in ZIP Code 05904?

Median rent for housing in ZIP Code 05904 in Essex County in Vermont is approximately $846 per month.
2

Is it expensive to rent in ZIP Code 05904?

Rent in ZIP Code 05904 is lower than average in the state of Vermont overall. The median monthly rent of $846 in ZIP Code 05904 is approximately 14% lower than the Vermont median of $985. Additionally, median rent in this Gilman, VT region ($846) is about 20% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 05904?

High-priced rentals are not common in the Gilman, VT ZIP Code of 05904, 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 05904?

Affordable rentals are more common in ZIP Code 05904 than in Vermont overall. The percentage of housing rentals in ZIP Code 05904 costing $999 or less per month (83.3%) is approximately 62% 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 83% lower than the previously mentioned 05904 rate of 83.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 05904?

The most common range for rental cost in ZIP Code 05904 is between $500 and $999 per month. About 57.1% of renters in 05904 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 05904 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 05904 is lower than the rental vacancy rate in the state of Vermont overall. Rental vacancy of 0.0% in ZIP Code 05904 is about 100% lower than the Vermont rate of 4.2%. Looking more broadly, rental vacancy in this Gilman, 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 05904? How does it compare to other Vermont regions?

Median household income in ZIP Code 05904 is lower than in the state of Vermont overall. Annual household income of $27,981 in ZIP Code 05904 is about 55% lower than the Vermont median of $61,973. Additionally, median household income in this Gilman, VT region ($27,981) is approximately 55% 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 05904 spend on housing costs?

Renters in ZIP Code 05904 spend a lower amount of their income on rent costs than do renters in Vermont overall. Renters in ZIP Code 05904 spend an estimated 28.09% of their income on rent payments, which is about 7% 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 6% higher than the ZIP Code 05904 estimated rate of 28.09%.
9

Do renters in ZIP Code 05904 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 05904 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 05904 spending 30 percent or more of their income on rent costs (35.7%) is approximately 29% 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 28% higher than the aforementioned 05904 rate of 35.7%.
10

What is the average household size of renter-occupied units in ZIP Code 05904?

The average household size of renter-occupied units in ZIP Code 05904 is higher than in the state of Vermont overall. Annual household size of 2.88 in ZIP Code 05904 is about 41% higher than the Vermont median of 2.04. Additionally, median household size in this Gilman, VT region (2.88) is approximately 16% higher than median household size of 2.49 in the U.S. as a whole.

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