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Rental Insights for ZIP Code 32694 (Waldo, FL)

Housing Rentals in ZIP Code 32694 (Waldo, FL)

32694 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 32694

The 32694 ZIP Code is primarily located in Waldo, FL in Alachua County. This Florida region has a median housing rent payment of $559 per month. Approximately 29.7% of housing units in this Alachua County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 4.8%.

The median rent in ZIP Code 32694 of $559 per month is 52% lower than the aggregate Florida median monthly rent of $1,175, and is 47% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 32694, about 43.1% of renters pay between $500 and $999 per month for housing. That is 49% higher than in Florida overall, in which 29.0% of total state residents pay between $500 and $999 per month for housing. Just 2.4% of renters in this Waldo, FL region pay between $1,500 and $1,999 for monthly rent.

ZIP Code 32694 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 32694

See the chart below for a comparison of monthly rental costs in ZIP Code 32694, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 32694 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 32694

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

Cost ZIP 32694 Florida U.S.
Less than $500 36.5% 5.3% 9.4%
$500 to $999 43.1% 29.0% 36.2%
$1,000 to $1,499 9.0% 39.0% 30.0%
$1,500 to $1,999 2.4% 17.8% 14.0%
$2,000 to $2,499 0.0% 5.5% 5.6%
$2,500 to $2,999 9.0% 1.9% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 32694

Renters in ZIP Code 32694 use an estimated 24.17% of their income to cover their monthly rent payments. That is about 24% 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 32694 renters use about 19% less of their income to cover rent expense. Household income figures for ZIP Code 32694 come in lower than in Florida as a whole. The median annual household income in ZIP Code 32694 of $47,917 sits approximately 14% lower than the overall Florida median income of $55,660 and approximately 24% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 32694

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 32694, 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 32694 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 32694

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

Rent Cost as % of Income ZIP 32694 Florida U.S.
Less than 15.0 percent 52.7% 8.9% 13.1%
15.0 to 19.9 percent 0.0% 10.7% 12.9%
20.0 to 24.9 percent 6.0% 12.4% 12.9%
25.0 to 29.9 percent 0.0% 11.7% 11.6%
30.0 to 34.9 percent 0.0% 9.6% 9.1%
35.0 percent or more 41.3% 46.7% 40.5%

Household Income in ZIP Code 32694

See the table below for the regional comparison of annual household income in ZIP Code 32694.

Income ZIP 32694 Florida U.S.
Less than $10,000 8.1% 6.5% 6.0%
$10,000 to $14,999 5.0% 4.3% 4.3%
$15,000 to $24,999 14.5% 9.9% 8.9%
$25,000 to $34,999 7.7% 10.3% 8.9%
$35,000 to $49,999 18.0% 13.9% 12.3%
$50,000 to $74,999 20.9% 18.3% 17.2%
$75,000 to $99,999 9.9% 12.4% 12.7%
$100,000 to $149,999 7.0% 13.1% 15.1%
$150,000 to $199,999 2.6% 5.3% 6.8%
$200,000 or more 6.2% 6.0% 7.7%

Household Income in ZIP Code 32694

See the chart below for a comparison of annual household income figures in ZIP Code 32694, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 32694 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 32694

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 32694.

ZIP 32694 Florida U.S.
Median Housing Rent $559 $1,175 $1,062
Renter-Occupied Housing Units 29.7% 34.6% 36.0%
Rental Vacancy Rate 4.8% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.74 2.67 2.49
Average # of Bedrooms Per Unit 2.74 2.63 2.75
Percent of Income Spent on Rent 24.17% 31.74% 29.83%
Per Capita Income $25,146 $31,619 $34,103
Median Household Income $65,104 $80,286 $88,607
Living Below the Poverty Line 11.1% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 32694

In ZIP Code 32694 (Waldo, FL), and estimated 29.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.8%.

The per capita income in 32694 is estimated at $25,146, which goes along with an estimated median household income of $65,104. About 11.1% of residents in this Alachua County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.74 occupants, while the units have an aggregate average size of 2.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.17% of their income on housing rental costs.

Rental FAQs for ZIP Code 32694

1

What is the median monthly rent in ZIP Code 32694?

Median rent for housing in ZIP Code 32694 in Alachua County in Florida is approximately $559 per month.
2

Is it expensive to rent in ZIP Code 32694?

Rent in ZIP Code 32694 is lower than average in the state of Florida overall. The median monthly rent of $559 in ZIP Code 32694 is approximately 52% lower than the Florida median of $1,175. Additionally, median rent in this Waldo, FL region ($559) is about 47% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 32694?

High-priced rentals are not common in the Waldo, FL ZIP Code of 32694, 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 32694?

Affordable rentals are more common in ZIP Code 32694 than in Florida overall. The percentage of housing rentals in ZIP Code 32694 costing $999 or less per month (79.6%) is approximately 132% 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 75% lower than the previously mentioned 32694 rate of 79.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 32694?

The most common range for rental cost in ZIP Code 32694 is between $500 and $999 per month. About 43.1% of renters in 32694 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 32694 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 32694 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 4.8% in ZIP Code 32694 is about 43% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Waldo, FL region (4.8%) is an estimated 20% 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 32694? How does it compare to other Florida regions?

Median household income in ZIP Code 32694 is lower than in the state of Florida overall. Annual household income of $47,917 in ZIP Code 32694 is about 14% lower than the Florida median of $55,660. Additionally, median household income in this Waldo, FL region ($47,917) is approximately 24% 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 32694 spend on housing costs?

Renters in ZIP Code 32694 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 32694 spend an estimated 24.17% of their income on rent payments, which is about 24% 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 19% higher than the ZIP Code 32694 estimated rate of 24.17%.
9

Do renters in ZIP Code 32694 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 32694 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 32694 spending 30 percent or more of their income on rent costs (41.3%) is approximately 27% 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 17% higher than the aforementioned 32694 rate of 41.3%.
10

What is the average household size of renter-occupied units in ZIP Code 32694?

The average household size of renter-occupied units in ZIP Code 32694 is higher than in the state of Florida overall. Annual household size of 2.74 in ZIP Code 32694 is about 3% higher than the Florida median of 2.67. Additionally, median household size in this Waldo, FL region (2.74) is approximately 10% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes