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Rental Insights for ZIP Code 12027 (Burnt Hills, NY)

Housing Rentals in ZIP Code 12027 (Burnt Hills, NY)

12027 ZIP Code in New York

Information for Renters in ZIP Code 12027

ZIP Code 12027 is predominantly located in Burnt Hills, NY in Saratoga County. This New York region has a median housing rent payment of $1,342 per month. About 14.5% of housing units in this Saratoga County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 12027 of $1,342 per month is 5% higher than the aggregate New York median monthly rent of $1,280, and is 26% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 34.6% of residents in ZIP Code 12027 pay between $1,000 and $1,499 per month for rent. That is 26% higher than in New York overall, in which 27.4% of total state residents pay between $1,000 and $1,499 per month for housing. Just 5.0% of renters in this Burnt Hills, NY region pay less than $500 per month for rent.

ZIP Code 12027 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 12027

See the chart below for a comparison of monthly rental costs in ZIP Code 12027, New York, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 12027 along with those in the state of New York and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 12027

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

Cost ZIP 12027 New York U.S.
Less than $500 5.0% 10.6% 9.4%
$500 to $999 28.3% 23.6% 36.2%
$1,000 to $1,499 34.6% 27.4% 30.0%
$1,500 to $1,999 16.4% 18.9% 14.0%
$2,000 to $2,499 15.7% 9.1% 5.6%
$2,500 to $2,999 0.0% 4.4% 2.4%
$3,000 or more 0.0% 6.0% 2.4%

Rent Cost vs. Income in ZIP Code 12027

Renters in ZIP Code 12027 use an estimated 21.85% of their income to cover their monthly rent payments. That is about 28% lower than in New York overall. The estimate for New York overall is 30.25% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 12027 renters use about 27% less of their income to cover rent expense. Household income figures for ZIP Code 12027 come in higher than in New York as a whole. The median annual household income in ZIP Code 12027 of $101,667 sits approximately 48% higher than the overall New York median income of $68,486 and approximately 62% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 12027

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 12027, New York, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 12027 along with the same calculations in the state of New York 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 12027

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

Rent Cost as % of Income ZIP 12027 New York U.S.
Less than 15.0 percent 29.6% 13.9% 13.1%
15.0 to 19.9 percent 11.9% 11.6% 12.9%
20.0 to 24.9 percent 20.8% 11.6% 12.9%
25.0 to 29.9 percent 12.6% 10.7% 11.6%
30.0 to 34.9 percent 20.1% 9.1% 9.1%
35.0 percent or more 5.0% 43.1% 40.5%

Household Income in ZIP Code 12027

See the table below for the regional comparison of annual household income in ZIP Code 12027.

Income ZIP 12027 New York U.S.
Less than $10,000 1.1% 6.6% 6.0%
$10,000 to $14,999 0.3% 4.8% 4.3%
$15,000 to $24,999 1.8% 8.5% 8.9%
$25,000 to $34,999 6.3% 7.9% 8.9%
$35,000 to $49,999 9.1% 10.6% 12.3%
$50,000 to $74,999 18.1% 15.2% 17.2%
$75,000 to $99,999 12.2% 12.0% 12.7%
$100,000 to $149,999 23.4% 15.7% 15.1%
$150,000 to $199,999 11.8% 8.1% 6.8%
$200,000 or more 15.7% 10.7% 7.7%

Household Income in ZIP Code 12027

See the chart below for a comparison of annual household income figures in ZIP Code 12027, New York, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 12027 alongside the same figures for the state of New York and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 12027

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 12027.

ZIP 12027 New York U.S.
Median Housing Rent $1,342 $1,280 $1,062
Renter-Occupied Housing Units 14.5% 46.1% 36.0%
Rental Vacancy Rate 0.0% 4.2% 6.0%
Average Size of Renter-Occupied Unit 2.28 2.41 2.49
Average # of Bedrooms Per Unit 3.45 2.48 2.75
Percent of Income Spent on Rent 21.85% 30.25% 29.83%
Per Capita Income $48,526 $39,326 $34,103
Median Household Income $126,800 $101,945 $88,607
Living Below the Poverty Line 0.0% 10.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 12027

In ZIP Code 12027 (Burnt Hills, NY), and estimated 14.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 12027 is estimated at $48,526, which goes along with an estimated median household income of $126,800. About 0.0% of residents in this Saratoga County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.28 occupants, while the units have an aggregate average size of 3.45 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 21.85% of their income on housing rental costs.

Rental FAQs for ZIP Code 12027

1

What is the median monthly rent in ZIP Code 12027?

Median rent for housing in ZIP Code 12027 in Saratoga County in New York is approximately $1,342 per month.
2

Is it expensive to rent in ZIP Code 12027?

Rent in ZIP Code 12027 is higher than average in the state of New York overall. The median monthly rent of $1,342 in ZIP Code 12027 is approximately 5% higher than the New York median of $1,280. Additionally, median rent in this Burnt Hills, NY region ($1,342) is about 26% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 12027?

High-priced rentals are not common in the Burnt Hills, NY ZIP Code of 12027, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of New York overall, approximately 6.0% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 12027?

Affordable rentals are less common in ZIP Code 12027 than in New York overall. The percentage of housing rentals in ZIP Code 12027 costing $999 or less per month (33.3%) is approximately 3% lower than the New York rate of 34.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 27% higher than the previously mentioned 12027 rate of 33.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 12027?

The most common range for rental cost in ZIP Code 12027 is between $1,000 and $1,499 per month. About 34.6% of renters in 12027 pay in this range for monthly rent. In comparison, approximately 27.4% of renters in the state of New York 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 12027 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 12027 is lower than the rental vacancy rate in the state of New York overall. Rental vacancy of 0.0% in ZIP Code 12027 is about 100% lower than the New York rate of 4.2%. Looking more broadly, rental vacancy in this Burnt Hills, NY 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 12027? How does it compare to other New York regions?

Median household income in ZIP Code 12027 is higher than in the state of New York overall. Annual household income of $101,667 in ZIP Code 12027 is about 48% higher than the New York median of $68,486. Additionally, median household income in this Burnt Hills, NY region ($101,667) is approximately 62% 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 12027 spend on housing costs?

Renters in ZIP Code 12027 spend a lower amount of their income on rent costs than do renters in New York overall. Renters in ZIP Code 12027 spend an estimated 21.85% of their income on rent payments, which is about 28% lower than the overall New York estimated rate of 30.25%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 27% higher than the ZIP Code 12027 estimated rate of 21.85%.
9

Do renters in ZIP Code 12027 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 12027 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 12027 spending 30 percent or more of their income on rent costs (25.1%) is approximately 52% lower than the New York rate of 52.2% 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 49% higher than the aforementioned 12027 rate of 25.1%.
10

What is the average household size of renter-occupied units in ZIP Code 12027?

The average household size of renter-occupied units in ZIP Code 12027 is lower than in the state of New York overall. Annual household size of 2.28 in ZIP Code 12027 is about 5% lower than the New York median of 2.41. Additionally, median household size in this Burnt Hills, NY region (2.28) is approximately 8% lower than median household size of 2.49 in the U.S. as a whole.

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