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Rental Insights for ZIP Code 32008 (Branford, FL)

Housing Rentals in ZIP Code 32008 (Branford, FL)

32008 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 32008

The 32008 ZIP Code is primarily located in Branford, FL in Suwannee County. This Florida region has a median housing rent payment of $665 per month. About 15.5% of housing units in this Suwannee County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 12.4%.

The median rent in ZIP Code 32008 of $665 per month is 43% lower than the aggregate Florida median monthly rent of $1,175, and is 37% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 78.8% of residents in ZIP Code 32008 pay between $500 and $999 per month for rent. That is 172% higher than in Florida overall, in which 29.0% of total state residents pay between $500 and $999 per month for housing. Just 0.8% of renters in this Branford, FL region pay between $1,500 and $1,999 per month for rent.

ZIP Code 32008 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 32008

See the chart below for a comparison of monthly rental costs in ZIP Code 32008, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 32008 along with those in the state of Florida and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 32008

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

Cost ZIP 32008 Florida U.S.
Less than $500 11.0% 5.3% 9.4%
$500 to $999 78.8% 29.0% 36.2%
$1,000 to $1,499 9.3% 39.0% 30.0%
$1,500 to $1,999 0.8% 17.8% 14.0%
$2,000 to $2,499 0.0% 5.5% 5.6%
$2,500 to $2,999 0.0% 1.9% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 32008

Renters in ZIP Code 32008 use an estimated 28.76% of their income to cover their monthly rent payments. That is about 9% lower than in Florida overall. The estimate for Florida overall is 31.74% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 32008 renters use about 4% less of their income to cover rent expense. Household income figures for ZIP Code 32008 come in lower than in Florida as a whole. The median annual household income in ZIP Code 32008 of $33,663 sits approximately 40% lower than the overall Florida median income of $55,660 and approximately 46% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 32008

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 32008, Florida, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 32008 along with the same calculations in the state of Florida 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 32008

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

Rent Cost as % of Income ZIP 32008 Florida U.S.
Less than 15.0 percent 17.8% 8.9% 13.1%
15.0 to 19.9 percent 14.4% 10.7% 12.9%
20.0 to 24.9 percent 15.7% 12.4% 12.9%
25.0 to 29.9 percent 1.3% 11.7% 11.6%
30.0 to 34.9 percent 10.6% 9.6% 9.1%
35.0 percent or more 40.3% 46.7% 40.5%

Household Income in ZIP Code 32008

See the table below for the regional comparison of annual household income in ZIP Code 32008.

Income ZIP 32008 Florida U.S.
Less than $10,000 13.3% 6.5% 6.0%
$10,000 to $14,999 10.1% 4.3% 4.3%
$15,000 to $24,999 15.0% 9.9% 8.9%
$25,000 to $34,999 13.5% 10.3% 8.9%
$35,000 to $49,999 15.1% 13.9% 12.3%
$50,000 to $74,999 18.1% 18.3% 17.2%
$75,000 to $99,999 4.8% 12.4% 12.7%
$100,000 to $149,999 8.9% 13.1% 15.1%
$150,000 to $199,999 1.1% 5.3% 6.8%
$200,000 or more 0.0% 6.0% 7.7%

Household Income in ZIP Code 32008

See the chart below for a comparison of annual household income figures in ZIP Code 32008, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 32008 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 32008

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 32008.

ZIP 32008 Florida U.S.
Median Housing Rent $665 $1,175 $1,062
Renter-Occupied Housing Units 15.5% 34.6% 36.0%
Rental Vacancy Rate 12.4% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.38 2.67 2.49
Average # of Bedrooms Per Unit 2.81 2.63 2.75
Percent of Income Spent on Rent 28.76% 31.74% 29.83%
Per Capita Income $20,486 $31,619 $34,103
Median Household Income $43,340 $80,286 $88,607
Living Below the Poverty Line 7.3% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 32008

In ZIP Code 32008 (Branford, FL), and estimated 15.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 12.4%.

The per capita income in 32008 is estimated at $20,486, which goes along with an estimated median household income of $43,340. About 7.3% of residents in this Suwannee County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.38 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 28.76% of their income on housing rental costs.

Rental FAQs for ZIP Code 32008

1

What is the median monthly rent in ZIP Code 32008?

Median rent for housing in ZIP Code 32008 in Suwannee County in Florida is approximately $665 per month.
2

Is it expensive to rent in ZIP Code 32008?

Rent in ZIP Code 32008 is lower than average in the state of Florida overall. The median monthly rent of $665 in ZIP Code 32008 is approximately 43% lower than the Florida median of $1,175. Additionally, median rent in this Branford, FL region ($665) is about 37% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 32008?

High-priced rentals are not common in the Branford, FL ZIP Code of 32008, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Florida overall, approximately 1.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 32008?

Affordable rentals are more common in ZIP Code 32008 than in Florida overall. The percentage of housing rentals in ZIP Code 32008 costing $999 or less per month (89.8%) is approximately 162% higher than the Florida rate of 34.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 97% lower than the previously mentioned 32008 rate of 89.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 32008?

The most common range for rental cost in ZIP Code 32008 is between $500 and $999 per month. About 78.8% of renters in 32008 pay in this range for monthly rent. In comparison, approximately 29.0% of renters in the state of Florida fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 32008 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 32008 is higher than the rental vacancy rate in the state of Florida overall. Rental vacancy of 12.4% in ZIP Code 32008 is about 48% higher than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Branford, FL region (12.4%) is an estimated 107% 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 32008? How does it compare to other Florida regions?

Median household income in ZIP Code 32008 is lower than in the state of Florida overall. Annual household income of $33,663 in ZIP Code 32008 is about 40% lower than the Florida median of $55,660. Additionally, median household income in this Branford, FL region ($33,663) is approximately 46% 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 32008 spend on housing costs?

Renters in ZIP Code 32008 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 32008 spend an estimated 28.76% of their income on rent payments, which is about 9% lower than the overall Florida estimated rate of 31.74%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 4% higher than the ZIP Code 32008 estimated rate of 28.76%.
9

Do renters in ZIP Code 32008 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 32008 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 32008 spending 30 percent or more of their income on rent costs (50.9%) is approximately 10% lower than the Florida rate of 56.3% 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 3% lower than the aforementioned 32008 rate of 50.9%.
10

What is the average household size of renter-occupied units in ZIP Code 32008?

The average household size of renter-occupied units in ZIP Code 32008 is lower than in the state of Florida overall. Annual household size of 2.38 in ZIP Code 32008 is about 11% lower than the Florida median of 2.67. Additionally, median household size in this Branford, FL region (2.38) is approximately 4% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes