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Rental Insights for ZIP Code 32164 (Palm Coast, FL)

Housing Rentals in ZIP Code 32164 (Palm Coast, FL)

32164 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 32164

The 32164 ZIP Code is primarily located in Palm Coast, FL in Flagler County. This Florida region has a median housing rent payment of $1,281 per month. Approximately 29.4% of housing units in this Flagler County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 2.1%.

The median rent in ZIP Code 32164 of $1,281 per month is 9% higher than the aggregate Florida median monthly rent of $1,175, and is 21% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 62.9% of residents in ZIP Code 32164 have a monthly rent payment between $1,000 and $1,499. That is 61% higher than in Florida overall, in which 39.0% of total state residents pay between $1,000 and $1,499 per month for housing. Just 0.3% of renters in ZIP Code 32164 pay $3,000 or more for monthly rent.

ZIP Code 32164 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 32164

See the chart below for a comparison of monthly rental costs in ZIP Code 32164, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 32164 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 32164

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

Cost ZIP 32164 Florida U.S.
Less than $500 1.0% 5.3% 9.4%
$500 to $999 11.8% 29.0% 36.2%
$1,000 to $1,499 62.9% 39.0% 30.0%
$1,500 to $1,999 22.8% 17.8% 14.0%
$2,000 to $2,499 1.3% 5.5% 5.6%
$2,500 to $2,999 0.0% 1.9% 2.4%
$3,000 or more 0.3% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 32164

Renters in ZIP Code 32164 use an estimated 31.64% of their income to cover their monthly rent payments. That is about 0% 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 32164 renters use about 6% more of their income to cover rent expense. Household income figures for ZIP Code 32164 come in lower than in Florida as a whole. The median annual household income in ZIP Code 32164 of $53,213 sits approximately 4% lower than the overall Florida median income of $55,660 and approximately 15% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 32164

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 32164, 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 32164 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 32164

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

Rent Cost as % of Income ZIP 32164 Florida U.S.
Less than 15.0 percent 10.4% 8.9% 13.1%
15.0 to 19.9 percent 10.1% 10.7% 12.9%
20.0 to 24.9 percent 12.4% 12.4% 12.9%
25.0 to 29.9 percent 12.9% 11.7% 11.6%
30.0 to 34.9 percent 5.4% 9.6% 9.1%
35.0 percent or more 48.8% 46.7% 40.5%

Household Income in ZIP Code 32164

See the table below for the regional comparison of annual household income in ZIP Code 32164.

Income ZIP 32164 Florida U.S.
Less than $10,000 3.6% 6.5% 6.0%
$10,000 to $14,999 1.9% 4.3% 4.3%
$15,000 to $24,999 10.7% 9.9% 8.9%
$25,000 to $34,999 13.3% 10.3% 8.9%
$35,000 to $49,999 16.5% 13.9% 12.3%
$50,000 to $74,999 23.7% 18.3% 17.2%
$75,000 to $99,999 13.2% 12.4% 12.7%
$100,000 to $149,999 11.3% 13.1% 15.1%
$150,000 to $199,999 4.4% 5.3% 6.8%
$200,000 or more 1.4% 6.0% 7.7%

Household Income in ZIP Code 32164

See the chart below for a comparison of annual household income figures in ZIP Code 32164, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 32164 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 32164

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 32164.

ZIP 32164 Florida U.S.
Median Housing Rent $1,281 $1,175 $1,062
Renter-Occupied Housing Units 29.4% 34.6% 36.0%
Rental Vacancy Rate 2.1% 8.4% 6.0%
Average Size of Renter-Occupied Unit 3.32 2.67 2.49
Average # of Bedrooms Per Unit 3.11 2.63 2.75
Percent of Income Spent on Rent 31.64% 31.74% 29.83%
Per Capita Income $25,515 $31,619 $34,103
Median Household Income $65,185 $80,286 $88,607
Living Below the Poverty Line 8.1% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 32164

In ZIP Code 32164 (Palm Coast, FL), and estimated 29.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.1%.

The per capita income in 32164 is estimated at $25,515, which goes along with an estimated median household income of $65,185. About 8.1% of residents in this Flagler County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.32 occupants, while the units have an aggregate average size of 3.11 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.64% of their income on housing rental costs.

Rental FAQs for ZIP Code 32164

1

What is the median monthly rent in ZIP Code 32164?

Median rent for housing in ZIP Code 32164 in Flagler County in Florida is approximately $1,281 per month.
2

Is it expensive to rent in ZIP Code 32164?

Rent in ZIP Code 32164 is higher than average in the state of Florida overall. The median monthly rent of $1,281 in ZIP Code 32164 is approximately 9% higher than the Florida median of $1,175. Additionally, median rent in this Palm Coast, FL region ($1,281) is about 21% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 32164?

High-priced rentals are less common in ZIP Code 32164 than in Florida overall. The percentage of rentals in ZIP Code 32164 that cost $3,000 or more per month (0.3%) is about 80% lower than the Florida rate of 1.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 88% higher than the aforementioned 32164 rate of 0.3%.
4

Are affordable rentals common in ZIP Code 32164?

Affordable rentals are less common in ZIP Code 32164 than in Florida overall. The percentage of housing rentals in ZIP Code 32164 costing $999 or less per month (12.8%) is approximately 63% lower 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 72% higher than the previously mentioned 32164 rate of 12.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 32164?

The most common range for rental cost in ZIP Code 32164 is between $1,000 and $1,499 per month. About 62.9% of renters in 32164 pay in this range for monthly rent. In comparison, approximately 39.0% of renters in the state of Florida 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 32164 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 32164 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 2.1% in ZIP Code 32164 is about 75% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Palm Coast, FL region (2.1%) is an estimated 65% 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 32164? How does it compare to other Florida regions?

Median household income in ZIP Code 32164 is lower than in the state of Florida overall. Annual household income of $53,213 in ZIP Code 32164 is about 4% lower than the Florida median of $55,660. Additionally, median household income in this Palm Coast, FL region ($53,213) is approximately 15% 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 32164 spend on housing costs?

Renters in ZIP Code 32164 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 32164 spend an estimated 31.64% of their income on rent payments, which is about 0% 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 6% lower than the ZIP Code 32164 estimated rate of 31.64%.
9

Do renters in ZIP Code 32164 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 32164 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 32164 spending 30 percent or more of their income on rent costs (54.2%) is approximately 4% 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 9% lower than the aforementioned 32164 rate of 54.2%.
10

What is the average household size of renter-occupied units in ZIP Code 32164?

The average household size of renter-occupied units in ZIP Code 32164 is higher than in the state of Florida overall. Annual household size of 3.32 in ZIP Code 32164 is about 24% higher than the Florida median of 2.67. Additionally, median household size in this Palm Coast, FL region (3.32) is approximately 33% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes