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Rental Insights for ZIP Code 14620 (Rochester, NY)

Housing Rentals in ZIP Code 14620 (Rochester, NY)

14620 ZIP Code in New York

Information for Renters in ZIP Code 14620

ZIP Code 14620 is predominantly located in Rochester, NY in Monroe County. This New York region has an estimated median housing rent of $927 per month. Approximately 69.8% of housing units in this Monroe County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 9.6%.

The median rent in ZIP Code 14620 of $927 per month is 28% lower than the aggregate New York median monthly rent of $1,280, and is 13% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 50.2% of residents in ZIP Code 14620 pay between $500 and $999 per month for rent. That is 113% higher than in New York overall, in which 23.6% of total state residents pay between $500 and $999 per month for housing. Just 0.5% of renters in this Rochester, NY region pay between $2,500 and $2,999 for monthly rent.

ZIP Code 14620 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 14620

See the chart below for a comparison of monthly rental costs in ZIP Code 14620, New York, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 14620 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 14620

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

Cost ZIP 14620 New York U.S.
Less than $500 13.4% 10.6% 9.4%
$500 to $999 50.2% 23.6% 36.2%
$1,000 to $1,499 25.2% 27.4% 30.0%
$1,500 to $1,999 5.2% 18.9% 14.0%
$2,000 to $2,499 4.4% 9.1% 5.6%
$2,500 to $2,999 0.5% 4.4% 2.4%
$3,000 or more 1.1% 6.0% 2.4%

Rent Cost vs. Income in ZIP Code 14620

Renters in ZIP Code 14620 use an estimated 29.3% of their income to cover their monthly rent payments. That is about 3% 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 14620 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 14620 come in lower than in New York as a whole. The median annual household income in ZIP Code 14620 of $45,885 sits approximately 33% lower than the overall New York median income of $68,486 and approximately 27% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 14620

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 14620, 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 14620 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 14620

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

Rent Cost as % of Income ZIP 14620 New York U.S.
Less than 15.0 percent 10.7% 13.9% 13.1%
15.0 to 19.9 percent 13.8% 11.6% 12.9%
20.0 to 24.9 percent 15.0% 11.6% 12.9%
25.0 to 29.9 percent 15.1% 10.7% 11.6%
30.0 to 34.9 percent 10.1% 9.1% 9.1%
35.0 percent or more 35.3% 43.1% 40.5%

Household Income in ZIP Code 14620

See the table below for the regional comparison of annual household income in ZIP Code 14620.

Income ZIP 14620 New York U.S.
Less than $10,000 11.4% 6.6% 6.0%
$10,000 to $14,999 6.9% 4.8% 4.3%
$15,000 to $24,999 10.4% 8.5% 8.9%
$25,000 to $34,999 11.1% 7.9% 8.9%
$35,000 to $49,999 13.3% 10.6% 12.3%
$50,000 to $74,999 19.2% 15.2% 17.2%
$75,000 to $99,999 9.8% 12.0% 12.7%
$100,000 to $149,999 10.4% 15.7% 15.1%
$150,000 to $199,999 3.8% 8.1% 6.8%
$200,000 or more 3.7% 10.7% 7.7%

Household Income in ZIP Code 14620

See the chart below for a comparison of annual household income figures in ZIP Code 14620, New York, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 14620 alongside the same figures for the state of New York and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 14620

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 14620.

ZIP 14620 New York U.S.
Median Housing Rent $927 $1,280 $1,062
Renter-Occupied Housing Units 69.8% 46.1% 36.0%
Rental Vacancy Rate 9.6% 4.2% 6.0%
Average Size of Renter-Occupied Unit 1.73 2.41 2.49
Average # of Bedrooms Per Unit 2.04 2.48 2.75
Percent of Income Spent on Rent 29.3% 30.25% 29.83%
Per Capita Income $32,372 $39,326 $34,103
Median Household Income $62,436 $101,945 $88,607
Living Below the Poverty Line 11.5% 10.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 14620

In ZIP Code 14620 (Rochester, NY), and estimated 69.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.6%.

The per capita income in 14620 is estimated at $32,372, which goes along with an estimated median household income of $62,436. About 11.5% of residents in this Monroe County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.73 occupants, while the units have an aggregate average size of 2.04 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.3% of their income on housing rental costs.

Rental FAQs for ZIP Code 14620

1

What is the median monthly rent in ZIP Code 14620?

Median rent for housing in ZIP Code 14620 in Monroe County in New York is approximately $927 per month.
2

Is it expensive to rent in ZIP Code 14620?

Rent in ZIP Code 14620 is lower than average in the state of New York overall. The median monthly rent of $927 in ZIP Code 14620 is approximately 28% lower than the New York median of $1,280. Additionally, median rent in this Rochester, NY region ($927) is about 13% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 14620?

High-priced rentals are less common in ZIP Code 14620 than in New York overall. The percentage of rentals in ZIP Code 14620 that cost $3,000 or more per month (1.1%) is about 82% lower than the New York rate of 6.0% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 54% higher than the aforementioned 14620 rate of 1.1%.
4

Are affordable rentals common in ZIP Code 14620?

Affordable rentals are more common in ZIP Code 14620 than in New York overall. The percentage of housing rentals in ZIP Code 14620 costing $999 or less per month (63.6%) is approximately 86% higher 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 39% lower than the previously mentioned 14620 rate of 63.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 14620?

The most common range for rental cost in ZIP Code 14620 is between $500 and $999 per month. About 50.2% of renters in 14620 pay in this range for monthly rent. In comparison, approximately 23.6% of renters in the state of New York fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 14620 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 14620 is higher than the rental vacancy rate in the state of New York overall. Rental vacancy of 9.6% in ZIP Code 14620 is about 129% higher than the New York rate of 4.2%. Looking more broadly, rental vacancy in this Rochester, NY region (9.6%) is an estimated 60% 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 14620? How does it compare to other New York regions?

Median household income in ZIP Code 14620 is lower than in the state of New York overall. Annual household income of $45,885 in ZIP Code 14620 is about 33% lower than the New York median of $68,486. Additionally, median household income in this Rochester, NY region ($45,885) is approximately 27% 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 14620 spend on housing costs?

Renters in ZIP Code 14620 spend a lower amount of their income on rent costs than do renters in New York overall. Renters in ZIP Code 14620 spend an estimated 29.3% of their income on rent payments, which is about 3% 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 2% higher than the ZIP Code 14620 estimated rate of 29.3%.
9

Do renters in ZIP Code 14620 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 14620 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 14620 spending 30 percent or more of their income on rent costs (45.4%) is approximately 13% 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 8% higher than the aforementioned 14620 rate of 45.4%.
10

What is the average household size of renter-occupied units in ZIP Code 14620?

The average household size of renter-occupied units in ZIP Code 14620 is lower than in the state of New York overall. Annual household size of 1.73 in ZIP Code 14620 is about 28% lower than the New York median of 2.41. Additionally, median household size in this Rochester, NY region (1.73) is approximately 31% lower than median household size of 2.49 in the U.S. as a whole.

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