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Rental Insights for ZIP Code 21216 (Baltimore, MD)

Housing Rentals in ZIP Code 21216 (Baltimore, MD)

21216 ZIP Code in Maryland

A Detailed Snapshot of Renters in the ZIP Code 21216

The 21216 ZIP Code is predominantly located in Baltimore, MD in Baltimore (city) County. The median housing rent payment in this Maryland region is $999 per month. About 51.9% of housing units in this Baltimore (city) County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 2.6%.

The median rent in ZIP Code 21216 of $999 per month is 28% lower than the aggregate Maryland median monthly rent of $1,392, and is 6% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 42.1% of renters in ZIP Code 21216 pay between $1,000 and $1,499 per month for housing. That is 24% higher than in Maryland overall, in which 34.0% of total state residents pay between $1,000 and $1,499 per month for housing. Just 0.3% of renters in this Baltimore, MD region pay between $2,500 and $2,999 for monthly rent.

ZIP Code 21216 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 21216

See the chart below for a comparison of monthly rental costs in ZIP Code 21216, Maryland, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 21216 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 21216

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

Cost ZIP 21216 Maryland U.S.
Less than $500 13.4% 7.4% 9.4%
$500 to $999 36.7% 16.2% 36.2%
$1,000 to $1,499 42.1% 34.0% 30.0%
$1,500 to $1,999 6.3% 26.4% 14.0%
$2,000 to $2,499 1.2% 10.5% 5.6%
$2,500 to $2,999 0.3% 3.4% 2.4%
$3,000 or more 0.0% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 21216

Renters in ZIP Code 21216 use an estimated 32.87% of their income to cover their monthly rent payments. That is about 9% 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 21216 renters use about 10% more of their income to cover rent expense. Household income figures for ZIP Code 21216 come in lower than in Maryland as a whole. The median annual household income in ZIP Code 21216 of $40,178 sits approximately 53% lower than the overall Maryland median income of $84,805 and approximately 36% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 21216

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 21216, 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 21216 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 21216

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

Rent Cost as % of Income ZIP 21216 Maryland U.S.
Less than 15.0 percent 8.3% 11.5% 13.1%
15.0 to 19.9 percent 8.0% 12.9% 12.9%
20.0 to 24.9 percent 12.1% 13.8% 12.9%
25.0 to 29.9 percent 11.9% 12.1% 11.6%
30.0 to 34.9 percent 7.3% 9.1% 9.1%
35.0 percent or more 52.4% 40.6% 40.5%

Household Income in ZIP Code 21216

See the table below for the regional comparison of annual household income in ZIP Code 21216.

Income ZIP 21216 Maryland U.S.
Less than $10,000 12.8% 4.6% 6.0%
$10,000 to $14,999 7.1% 2.7% 4.3%
$15,000 to $24,999 12.3% 5.8% 8.9%
$25,000 to $34,999 11.1% 6.4% 8.9%
$35,000 to $49,999 15.5% 9.6% 12.3%
$50,000 to $74,999 17.1% 15.3% 17.2%
$75,000 to $99,999 9.7% 13.2% 12.7%
$100,000 to $149,999 9.3% 19.0% 15.1%
$150,000 to $199,999 2.7% 10.5% 6.8%
$200,000 or more 2.4% 12.7% 7.7%

Household Income in ZIP Code 21216

See the chart below for a comparison of annual household income figures in ZIP Code 21216, Maryland, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 21216 alongside the same figures for the state of Maryland and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 21216

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 21216.

ZIP 21216 Maryland U.S.
Median Housing Rent $999 $1,392 $1,062
Renter-Occupied Housing Units 51.9% 33.1% 36.0%
Rental Vacancy Rate 2.6% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.62 2.50 2.49
Average # of Bedrooms Per Unit 2.84 2.97 2.75
Percent of Income Spent on Rent 32.87% 30.05% 29.83%
Per Capita Income $22,115 $42,122 $34,103
Median Household Income $55,423 $111,417 $88,607
Living Below the Poverty Line 21.0% 6.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 21216

In ZIP Code 21216 (Baltimore, MD), and estimated 51.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.6%.

The per capita income in 21216 is estimated at $22,115, which goes along with an estimated median household income of $55,423. About 21.0% of residents in this Baltimore (city) County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.62 occupants, while the units have an aggregate average size of 2.84 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.87% of their income on housing rental costs.

Rental FAQs for ZIP Code 21216

1

What is the median monthly rent in ZIP Code 21216?

Median rent for housing in ZIP Code 21216 in Baltimore (city) County in Maryland is approximately $999 per month.
2

Is it expensive to rent in ZIP Code 21216?

Rent in ZIP Code 21216 is lower than average in the state of Maryland overall. The median monthly rent of $999 in ZIP Code 21216 is approximately 28% lower than the Maryland median of $1,392. Additionally, median rent in this Baltimore, MD region ($999) is about 6% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 21216?

High-priced rentals are not common in the Baltimore, MD ZIP Code of 21216, 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 21216?

Affordable rentals are more common in ZIP Code 21216 than in Maryland overall. The percentage of housing rentals in ZIP Code 21216 costing $999 or less per month (50.1%) is approximately 112% 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 10% lower than the previously mentioned 21216 rate of 50.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 21216?

The most common range for rental cost in ZIP Code 21216 is between $1,000 and $1,499 per month. About 42.1% of renters in 21216 pay in this range for monthly rent. In comparison, approximately 34.0% of renters in the state of Maryland 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 21216 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 21216 is lower than the rental vacancy rate in the state of Maryland overall. Rental vacancy of 2.6% in ZIP Code 21216 is about 57% lower than the Maryland rate of 6.0%. Looking more broadly, rental vacancy in this Baltimore, MD region (2.6%) is an estimated 57% 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 21216? How does it compare to other Maryland regions?

Median household income in ZIP Code 21216 is lower than in the state of Maryland overall. Annual household income of $40,178 in ZIP Code 21216 is about 53% lower than the Maryland median of $84,805. Additionally, median household income in this Baltimore, MD region ($40,178) is approximately 36% 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 21216 spend on housing costs?

Renters in ZIP Code 21216 spend a higher amount of their income on rent costs than do renters in Maryland overall. Renters in ZIP Code 21216 spend an estimated 32.87% of their income on rent payments, which is about 9% 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 10% lower than the ZIP Code 21216 estimated rate of 32.87%.
9

Do renters in ZIP Code 21216 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 21216 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 21216 spending 30 percent or more of their income on rent costs (59.7%) is approximately 20% 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 20% lower than the aforementioned 21216 rate of 59.7%.
10

What is the average household size of renter-occupied units in ZIP Code 21216?

The average household size of renter-occupied units in ZIP Code 21216 is higher than in the state of Maryland overall. Annual household size of 2.62 in ZIP Code 21216 is about 5% higher than the Maryland median of 2.50. Additionally, median household size in this Baltimore, MD region (2.62) is approximately 5% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Maryland ZIP Codes