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Rental Insights for ZIP Code 29061 (Hopkins, SC)

Housing Rentals in ZIP Code 29061 (Hopkins, SC)

29061 ZIP Code in South Carolina

A Detailed Snapshot of Renters in the ZIP Code 29061

The 29061 ZIP Code is predominantly located in Hopkins, SC in Richland County. The median housing rent in this region or South Carolina is estimated at $1,202 per month. About 29.1% of housing units in this Richland County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 5.5%.

The median rent in ZIP Code 29061 of $1,202 per month is 34% higher than the aggregate South Carolina median monthly rent of $894, and is 13% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 57.8% of residents in ZIP Code 29061 have a monthly rent payment between $1,000 and $1,499. That is 106% higher than in South Carolina overall, in which 28.1% of total state residents pay between $1,000 and $1,499 per month for housing. Just 1.3% of renters in this Hopkins, SC region pay less than $500 per month for rent.

ZIP Code 29061 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 29061

See the chart below for a comparison of monthly rental costs in ZIP Code 29061, South Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 29061 along with those in the state of South Carolina and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 29061

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

Cost ZIP 29061 South Carolina U.S.
Less than $500 1.3% 11.1% 9.4%
$500 to $999 32.5% 50.5% 36.2%
$1,000 to $1,499 57.8% 28.1% 30.0%
$1,500 to $1,999 8.4% 7.2% 14.0%
$2,000 to $2,499 0.0% 1.8% 5.6%
$2,500 to $2,999 0.0% 0.7% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 29061

Renters in ZIP Code 29061 use an estimated 26.62% of their income to cover their monthly rent payments. That is about 10% lower than in South Carolina overall. The estimate for South Carolina overall is 29.65% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 29061 renters use about 11% less of their income to cover rent expense. Household income figures for ZIP Code 29061 come in higher than in South Carolina as a whole. The median annual household income in ZIP Code 29061 of $55,309 sits approximately 4% higher than the overall South Carolina median income of $53,199 and approximately 12% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 29061

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 29061, South Carolina, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 29061 along with the same calculations in the state of South Carolina 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 29061

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

Rent Cost as % of Income ZIP 29061 South Carolina U.S.
Less than 15.0 percent 18.8% 13.3% 13.1%
15.0 to 19.9 percent 20.5% 13.2% 12.9%
20.0 to 24.9 percent 13.1% 13.1% 12.9%
25.0 to 29.9 percent 8.0% 11.3% 11.6%
30.0 to 34.9 percent 7.8% 9.1% 9.1%
35.0 percent or more 31.7% 40.0% 40.5%

Household Income in ZIP Code 29061

See the table below for the regional comparison of annual household income in ZIP Code 29061.

Income ZIP 29061 South Carolina U.S.
Less than $10,000 3.2% 7.4% 6.0%
$10,000 to $14,999 6.4% 5.1% 4.3%
$15,000 to $24,999 5.1% 10.4% 8.9%
$25,000 to $34,999 13.9% 10.5% 8.9%
$35,000 to $49,999 18.1% 13.8% 12.3%
$50,000 to $74,999 19.4% 18.2% 17.2%
$75,000 to $99,999 17.5% 12.5% 12.7%
$100,000 to $149,999 10.8% 12.7% 15.1%
$150,000 to $199,999 3.6% 4.8% 6.8%
$200,000 or more 2.0% 4.6% 7.7%

Household Income in ZIP Code 29061

See the chart below for a comparison of annual household income figures in ZIP Code 29061, South Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 29061 alongside the same figures for the state of South Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 29061

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 29061.

ZIP 29061 South Carolina U.S.
Median Housing Rent $1,202 $894 $1,062
Renter-Occupied Housing Units 29.1% 30.6% 36.0%
Rental Vacancy Rate 5.5% 9.2% 6.0%
Average Size of Renter-Occupied Unit 3.36 2.48 2.49
Average # of Bedrooms Per Unit 3.18 2.88 2.75
Percent of Income Spent on Rent 26.62% 29.65% 29.83%
Per Capita Income $24,609 $29,426 $34,103
Median Household Income $65,889 $73,520 $88,607
Living Below the Poverty Line 9.5% 10.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 29061

In ZIP Code 29061 (Hopkins, SC), and estimated 29.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.5%.

The per capita income in 29061 is estimated at $24,609, which goes along with an estimated median household income of $65,889. About 9.5% of residents in this Richland County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.36 occupants, while the units have an aggregate average size of 3.18 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.62% of their income on housing rental costs.

Rental FAQs for ZIP Code 29061

1

What is the median monthly rent in ZIP Code 29061?

Median rent for housing in ZIP Code 29061 in Richland County in South Carolina is approximately $1,202 per month.
2

Is it expensive to rent in ZIP Code 29061?

Rent in ZIP Code 29061 is higher than average in the state of South Carolina overall. The median monthly rent of $1,202 in ZIP Code 29061 is approximately 34% higher than the South Carolina median of $894. Additionally, median rent in this Hopkins, SC region ($1,202) is about 13% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 29061?

High-priced rentals are not common in the Hopkins, SC ZIP Code of 29061, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of South Carolina overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 29061?

Affordable rentals are less common in ZIP Code 29061 than in South Carolina overall. The percentage of housing rentals in ZIP Code 29061 costing $999 or less per month (33.8%) is approximately 45% lower than the South Carolina rate of 61.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 26% higher than the previously mentioned 29061 rate of 33.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 29061?

The most common range for rental cost in ZIP Code 29061 is between $1,000 and $1,499 per month. About 57.8% of renters in 29061 pay in this range for monthly rent. In comparison, approximately 28.1% of renters in the state of South Carolina 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 29061 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 29061 is lower than the rental vacancy rate in the state of South Carolina overall. Rental vacancy of 5.5% in ZIP Code 29061 is about 40% lower than the South Carolina rate of 9.2%. Looking more broadly, rental vacancy in this Hopkins, SC region (5.5%) is an estimated 8% 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 29061? How does it compare to other South Carolina regions?

Median household income in ZIP Code 29061 is higher than in the state of South Carolina overall. Annual household income of $55,309 in ZIP Code 29061 is about 4% higher than the South Carolina median of $53,199. Additionally, median household income in this Hopkins, SC region ($55,309) is approximately 12% 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 29061 spend on housing costs?

Renters in ZIP Code 29061 spend a lower amount of their income on rent costs than do renters in South Carolina overall. Renters in ZIP Code 29061 spend an estimated 26.62% of their income on rent payments, which is about 10% lower than the overall South Carolina estimated rate of 29.65%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 11% higher than the ZIP Code 29061 estimated rate of 26.62%.
9

Do renters in ZIP Code 29061 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 29061 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 29061 spending 30 percent or more of their income on rent costs (39.5%) is approximately 20% lower than the South Carolina rate of 49.1% 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% higher than the aforementioned 29061 rate of 39.5%.
10

What is the average household size of renter-occupied units in ZIP Code 29061?

The average household size of renter-occupied units in ZIP Code 29061 is higher than in the state of South Carolina overall. Annual household size of 3.36 in ZIP Code 29061 is about 35% higher than the South Carolina median of 2.48. Additionally, median household size in this Hopkins, SC region (3.36) is approximately 35% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Carolina ZIP Codes