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Rental Insights for ZIP Code 31537 (Folkston, GA)

Housing Rentals in ZIP Code 31537 (Folkston, GA)

31537 ZIP Code in Georgia

An In-depth Rental Snapshot of ZIP Code 31537

The 31537 ZIP Code is primarily located in Folkston, GA in Charlton County. The median housing rent payment in this Georgia region is $555 per month. About 31.4% of total housing units in this Charlton County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 9.5%.

The median rent in ZIP Code 31537 of $555 per month is 45% lower than the aggregate Georgia median monthly rent of $1,006, and is 48% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 60.8% of renters in ZIP Code 31537 pay between $500 and $999 per month for housing. That is 50% higher than in Georgia overall, in which 40.6% of total state residents pay between $500 and $999 per month for housing. Just 1.2% of ZIP Code 31537 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 31537 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 31537

See the chart below for a comparison of monthly rental costs in ZIP Code 31537, Georgia, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 31537 along with those in the state of Georgia and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 31537

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

Cost ZIP 31537 Georgia U.S.
Less than $500 38.0% 8.9% 9.4%
$500 to $999 60.8% 40.6% 36.2%
$1,000 to $1,499 1.2% 35.8% 30.0%
$1,500 to $1,999 0.0% 11.1% 14.0%
$2,000 to $2,499 0.0% 2.4% 5.6%
$2,500 to $2,999 0.0% 0.6% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 31537

Renters in ZIP Code 31537 use an estimated 28.04% of their income to cover their monthly rent payments. That is about 5% lower than in Georgia overall. The estimate for Georgia overall is 29.63% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 31537 renters use about 6% less of their income to cover rent expense. Household income figures for ZIP Code 31537 come in lower than in Georgia as a whole. The median annual household income in ZIP Code 31537 of $41,415 sits approximately 29% lower than the overall Georgia median income of $58,700 and approximately 34% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 31537

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 31537, Georgia, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 31537 along with the same calculations in the state of Georgia 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 31537

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

Rent Cost as % of Income ZIP 31537 Georgia U.S.
Less than 15.0 percent 19.3% 13.2% 13.1%
15.0 to 19.9 percent 16.6% 13.4% 12.9%
20.0 to 24.9 percent 14.9% 13.0% 12.9%
25.0 to 29.9 percent 5.3% 11.3% 11.6%
30.0 to 34.9 percent 2.2% 8.9% 9.1%
35.0 percent or more 41.6% 40.1% 40.5%

Household Income in ZIP Code 31537

See the table below for the regional comparison of annual household income in ZIP Code 31537.

Income ZIP 31537 Georgia U.S.
Less than $10,000 10.6% 6.8% 6.0%
$10,000 to $14,999 6.6% 4.5% 4.3%
$15,000 to $24,999 19.4% 9.4% 8.9%
$25,000 to $34,999 7.4% 9.6% 8.9%
$35,000 to $49,999 15.9% 12.9% 12.3%
$50,000 to $74,999 18.7% 17.7% 17.2%
$75,000 to $99,999 6.9% 12.6% 12.7%
$100,000 to $149,999 12.2% 14.2% 15.1%
$150,000 to $199,999 1.3% 5.8% 6.8%
$200,000 or more 1.0% 6.5% 7.7%

Household Income in ZIP Code 31537

See the chart below for a comparison of annual household income figures in ZIP Code 31537, Georgia, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 31537 alongside the same figures for the state of Georgia and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 31537

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 31537.

ZIP 31537 Georgia U.S.
Median Housing Rent $555 $1,006 $1,062
Renter-Occupied Housing Units 31.4% 36.7% 36.0%
Rental Vacancy Rate 9.5% 6.8% 6.0%
Average Size of Renter-Occupied Unit 2.91 2.61 2.49
Average # of Bedrooms Per Unit 2.81 2.99 2.75
Percent of Income Spent on Rent 28.04% 29.63% 29.83%
Per Capita Income $17,594 $31,067 $34,103
Median Household Income $51,006 $82,406 $88,607
Living Below the Poverty Line 16.6% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 31537

In ZIP Code 31537 (Folkston, GA), and estimated 31.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.5%.

The per capita income in 31537 is estimated at $17,594, which goes along with an estimated median household income of $51,006. About 16.6% of residents in this Charlton County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.91 occupants, while the units have an aggregate average size of 2.81 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.04% of their income on housing rental costs.

Rental FAQs for ZIP Code 31537

1

What is the median monthly rent in ZIP Code 31537?

Median rent for housing in ZIP Code 31537 in Charlton County in Georgia is approximately $555 per month.
2

Is it expensive to rent in ZIP Code 31537?

Rent in ZIP Code 31537 is lower than average in the state of Georgia overall. The median monthly rent of $555 in ZIP Code 31537 is approximately 45% lower than the Georgia median of $1,006. Additionally, median rent in this Folkston, GA region ($555) is about 48% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 31537?

High-priced rentals are not common in the Folkston, GA ZIP Code of 31537, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Georgia 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 31537?

Affordable rentals are more common in ZIP Code 31537 than in Georgia overall. The percentage of housing rentals in ZIP Code 31537 costing $999 or less per month (98.8%) is approximately 100% higher than the Georgia rate of 49.5% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 117% lower than the previously mentioned 31537 rate of 98.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 31537?

The most common range for rental cost in ZIP Code 31537 is between $500 and $999 per month. About 60.8% of renters in 31537 pay in this range for monthly rent. In comparison, approximately 40.6% of renters in the state of Georgia fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 31537 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 31537 is higher than the rental vacancy rate in the state of Georgia overall. Rental vacancy of 9.5% in ZIP Code 31537 is about 40% higher than the Georgia rate of 6.8%. Looking more broadly, rental vacancy in this Folkston, GA region (9.5%) is an estimated 58% 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 31537? How does it compare to other Georgia regions?

Median household income in ZIP Code 31537 is lower than in the state of Georgia overall. Annual household income of $41,415 in ZIP Code 31537 is about 29% lower than the Georgia median of $58,700. Additionally, median household income in this Folkston, GA region ($41,415) is approximately 34% 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 31537 spend on housing costs?

Renters in ZIP Code 31537 spend a lower amount of their income on rent costs than do renters in Georgia overall. Renters in ZIP Code 31537 spend an estimated 28.04% of their income on rent payments, which is about 5% lower than the overall Georgia estimated rate of 29.63%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 6% higher than the ZIP Code 31537 estimated rate of 28.04%.
9

Do renters in ZIP Code 31537 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 31537 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 31537 spending 30 percent or more of their income on rent costs (43.8%) is approximately 11% lower than the Georgia rate of 49% 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 12% higher than the aforementioned 31537 rate of 43.8%.
10

What is the average household size of renter-occupied units in ZIP Code 31537?

The average household size of renter-occupied units in ZIP Code 31537 is higher than in the state of Georgia overall. Annual household size of 2.91 in ZIP Code 31537 is about 11% higher than the Georgia median of 2.61. Additionally, median household size in this Folkston, GA region (2.91) is approximately 17% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Georgia ZIP Codes