Renters Local

Rental Insights for ZIP Code 20899 (Gaithersburg, MD)

Housing Rentals in ZIP Code 20899 (Gaithersburg, MD)

20899 ZIP Code in Maryland

A Detailed Snapshot of Renters in the ZIP Code 20899

The 20899 ZIP Code is predominantly located in Gaithersburg, MD in Montgomery County. The median housing rent in this Maryland region is estimated at $887 per month. About 93.2% of all housing units in this Montgomery County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 20899 of $887 per month is 36% lower than the aggregate Maryland median monthly rent of $1,392, and is 16% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 20899, about 64.4% of renters pay between $500 and $999 per month for housing. That is 298% higher than in Maryland overall, in which 16.2% of total state residents pay between $500 and $999 per month for housing. Only 35.6% of renters in this Gaithersburg, MD region pay between $1,000 and $1,499 per month for rent.

ZIP Code 20899 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 20899

See the chart below for a comparison of monthly rental costs in ZIP Code 20899, Maryland, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 20899 along with those in the state of Maryland and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 20899

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

Cost ZIP 20899 Maryland U.S.
Less than $500 0.0% 7.4% 9.4%
$500 to $999 64.4% 16.2% 36.2%
$1,000 to $1,499 35.6% 34.0% 30.0%
$1,500 to $1,999 0.0% 26.4% 14.0%
$2,000 to $2,499 0.0% 10.5% 5.6%
$2,500 to $2,999 0.0% 3.4% 2.4%
$3,000 or more 0.0% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 20899

Renters in ZIP Code 20899 use an estimated 33.16% of their income to cover their monthly rent payments. That is about 10% higher than in Maryland overall. The estimate for Maryland overall is 30.05% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 20899 renters use about 11% more of their income to cover rent expense. Household income figures for ZIP Code 20899 come in lower than in Maryland as a whole. The median annual household income in ZIP Code 20899 of $35,435 sits approximately 58% lower than the overall Maryland median income of $84,805 and approximately 44% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 20899

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 20899, Maryland, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 20899 along with the same calculations in the state of Maryland 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 20899

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

Rent Cost as % of Income ZIP 20899 Maryland U.S.
Less than 15.0 percent 5.6% 11.5% 13.1%
15.0 to 19.9 percent 16.9% 12.9% 12.9%
20.0 to 24.9 percent 0.0% 13.8% 12.9%
25.0 to 29.9 percent 13.0% 12.1% 11.6%
30.0 to 34.9 percent 13.0% 9.1% 9.1%
35.0 percent or more 51.4% 40.6% 40.5%

Household Income in ZIP Code 20899

See the table below for the regional comparison of annual household income in ZIP Code 20899.

Income ZIP 20899 Maryland U.S.
Less than $10,000 5.3% 4.6% 6.0%
$10,000 to $14,999 10.5% 2.7% 4.3%
$15,000 to $24,999 32.1% 5.8% 8.9%
$25,000 to $34,999 0.0% 6.4% 8.9%
$35,000 to $49,999 24.2% 9.6% 12.3%
$50,000 to $74,999 0.0% 15.3% 17.2%
$75,000 to $99,999 22.6% 13.2% 12.7%
$100,000 to $149,999 0.0% 19.0% 15.1%
$150,000 to $199,999 5.3% 10.5% 6.8%
$200,000 or more 0.0% 12.7% 7.7%

Household Income in ZIP Code 20899

See the chart below for a comparison of annual household income figures in ZIP Code 20899, Maryland, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 20899 alongside the same figures for the state of Maryland and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 20899

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 20899.

ZIP 20899 Maryland U.S.
Median Housing Rent $887 $1,392 $1,062
Renter-Occupied Housing Units 93.2% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 1.51 2.50 2.49
Average # of Bedrooms Per Unit 0.05 2.97 2.75
Percent of Income Spent on Rent 33.16% 30.05% 29.83%
Per Capita Income $29,057 $42,122 $34,103
Median Household Income $44,484 $111,417 $88,607
Living Below the Poverty Line 0.0% 6.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 20899

In ZIP Code 20899 (Gaithersburg, MD), and estimated 93.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 20899 is estimated at $29,057, which goes along with an estimated median household income of $44,484. About 0.0% of residents in this Montgomery County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.51 occupants, while the units have an aggregate average size of 0.05 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 33.16% of their income on housing rental costs.

Rental FAQs for ZIP Code 20899

1

What is the median monthly rent in ZIP Code 20899?

Median rent for housing in ZIP Code 20899 in Montgomery County in Maryland is approximately $887 per month.
2

Is it expensive to rent in ZIP Code 20899?

Rent in ZIP Code 20899 is lower than average in the state of Maryland overall. The median monthly rent of $887 in ZIP Code 20899 is approximately 36% lower than the Maryland median of $1,392. Additionally, median rent in this Gaithersburg, MD region ($887) is about 16% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 20899?

High-priced rentals are not common in the Gaithersburg, MD ZIP Code of 20899, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Maryland overall, approximately 2.1% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 20899?

Affordable rentals are more common in ZIP Code 20899 than in Maryland overall. The percentage of housing rentals in ZIP Code 20899 costing $999 or less per month (64.4%) is approximately 173% higher than the Maryland rate of 23.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 41% lower than the previously mentioned 20899 rate of 64.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 20899?

The most common range for rental cost in ZIP Code 20899 is between $500 and $999 per month. About 64.4% of renters in 20899 pay in this range for monthly rent. In comparison, approximately 16.2% of renters in the state of Maryland fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 20899 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 20899 is lower than the rental vacancy rate in the state of Maryland overall. Rental vacancy of 0.0% in ZIP Code 20899 is about 100% lower than the Maryland rate of 6.0%. Looking more broadly, rental vacancy in this Gaithersburg, MD 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 20899? How does it compare to other Maryland regions?

Median household income in ZIP Code 20899 is lower than in the state of Maryland overall. Annual household income of $35,435 in ZIP Code 20899 is about 58% lower than the Maryland median of $84,805. Additionally, median household income in this Gaithersburg, MD region ($35,435) is approximately 44% 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 20899 spend on housing costs?

Renters in ZIP Code 20899 spend a higher amount of their income on rent costs than do renters in Maryland overall. Renters in ZIP Code 20899 spend an estimated 33.16% of their income on rent payments, which is about 10% higher than the overall Maryland estimated rate of 30.05%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 11% lower than the ZIP Code 20899 estimated rate of 33.16%.
9

Do renters in ZIP Code 20899 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 20899 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 20899 spending 30 percent or more of their income on rent costs (64.4%) is approximately 30% higher than the Maryland rate of 49.7% 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 30% lower than the aforementioned 20899 rate of 64.4%.
10

What is the average household size of renter-occupied units in ZIP Code 20899?

The average household size of renter-occupied units in ZIP Code 20899 is lower than in the state of Maryland overall. Annual household size of 1.51 in ZIP Code 20899 is about 40% lower than the Maryland median of 2.50. Additionally, median household size in this Gaithersburg, MD region (1.51) is approximately 39% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Maryland ZIP Codes