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Rental Insights for ZIP Code 34471 (Ocala, FL)

Housing Rentals in ZIP Code 34471 (Ocala, FL)

34471 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 34471

The 34471 ZIP Code is primarily located in Ocala, FL in Marion County. This Florida region has an estimated median housing rent of $927 per month. About 38.9% of housing units in the region are renter-occupied, and this Marion County ZIP Code has an approximate rental vacancy rate of 12.0%.

The median rent in ZIP Code 34471 of $927 per month is 21% lower than the aggregate Florida median monthly rent of $1,175, and is 13% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 57.1% of residents in ZIP Code 34471 have a monthly rent payment between $500 and $999. That is 97% higher than in Florida overall, in which 29.0% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 34471 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 34471

See the chart below for a comparison of monthly rental costs in ZIP Code 34471, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 34471 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 34471

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

Cost ZIP 34471 Florida U.S.
Less than $500 3.5% 5.3% 9.4%
$500 to $999 57.1% 29.0% 36.2%
$1,000 to $1,499 29.7% 39.0% 30.0%
$1,500 to $1,999 3.4% 17.8% 14.0%
$2,000 to $2,499 3.1% 5.5% 5.6%
$2,500 to $2,999 2.0% 1.9% 2.4%
$3,000 or more 1.2% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 34471

Renters in ZIP Code 34471 use an estimated 32.15% of their income to cover their monthly rent payments. That is about 1% higher 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 34471 renters use about 8% more of their income to cover rent expense. Household income figures for ZIP Code 34471 come in lower than in Florida as a whole. The median annual household income in ZIP Code 34471 of $50,405 sits approximately 9% lower than the overall Florida median income of $55,660 and approximately 20% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 34471

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 34471, 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 34471 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 34471

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

Rent Cost as % of Income ZIP 34471 Florida U.S.
Less than 15.0 percent 10.1% 8.9% 13.1%
15.0 to 19.9 percent 9.4% 10.7% 12.9%
20.0 to 24.9 percent 15.5% 12.4% 12.9%
25.0 to 29.9 percent 5.5% 11.7% 11.6%
30.0 to 34.9 percent 7.5% 9.6% 9.1%
35.0 percent or more 51.9% 46.7% 40.5%

Household Income in ZIP Code 34471

See the table below for the regional comparison of annual household income in ZIP Code 34471.

Income ZIP 34471 Florida U.S.
Less than $10,000 7.0% 6.5% 6.0%
$10,000 to $14,999 5.5% 4.3% 4.3%
$15,000 to $24,999 12.0% 9.9% 8.9%
$25,000 to $34,999 10.3% 10.3% 8.9%
$35,000 to $49,999 15.0% 13.9% 12.3%
$50,000 to $74,999 15.9% 18.3% 17.2%
$75,000 to $99,999 9.1% 12.4% 12.7%
$100,000 to $149,999 14.2% 13.1% 15.1%
$150,000 to $199,999 4.6% 5.3% 6.8%
$200,000 or more 6.6% 6.0% 7.7%

Household Income in ZIP Code 34471

See the chart below for a comparison of annual household income figures in ZIP Code 34471, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 34471 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 34471

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 34471.

ZIP 34471 Florida U.S.
Median Housing Rent $927 $1,175 $1,062
Renter-Occupied Housing Units 38.9% 34.6% 36.0%
Rental Vacancy Rate 12.0% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.14 2.67 2.49
Average # of Bedrooms Per Unit 2.76 2.63 2.75
Percent of Income Spent on Rent 32.15% 31.74% 29.83%
Per Capita Income $34,250 $31,619 $34,103
Median Household Income $83,721 $80,286 $88,607
Living Below the Poverty Line 9.8% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 34471

In ZIP Code 34471 (Ocala, FL), and estimated 38.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 12.0%.

The per capita income in 34471 is estimated at $34,250, which goes along with an estimated median household income of $83,721. About 9.8% of residents in this Marion County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.14 occupants, while the units have an aggregate average size of 2.76 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.15% of their income on housing rental costs.

Rental FAQs for ZIP Code 34471

1

What is the median monthly rent in ZIP Code 34471?

Median rent for housing in ZIP Code 34471 in Marion County in Florida is approximately $927 per month.
2

Is it expensive to rent in ZIP Code 34471?

Rent in ZIP Code 34471 is lower than average in the state of Florida overall. The median monthly rent of $927 in ZIP Code 34471 is approximately 21% lower than the Florida median of $1,175. Additionally, median rent in this Ocala, FL region ($927) is about 13% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 34471?

High-priced rentals are less common in ZIP Code 34471 than in Florida overall. The percentage of rentals in ZIP Code 34471 that cost $3,000 or more per month (1.2%) is about 20% 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 50% higher than the aforementioned 34471 rate of 1.2%.
4

Are affordable rentals common in ZIP Code 34471?

Affordable rentals are more common in ZIP Code 34471 than in Florida overall. The percentage of housing rentals in ZIP Code 34471 costing $999 or less per month (60.6%) is approximately 77% 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 33% lower than the previously mentioned 34471 rate of 60.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 34471?

The most common range for rental cost in ZIP Code 34471 is between $500 and $999 per month. About 57.1% of renters in 34471 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 34471 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 34471 is higher than the rental vacancy rate in the state of Florida overall. Rental vacancy of 12.0% in ZIP Code 34471 is about 43% higher than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Ocala, FL region (12.0%) is an estimated 100% 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 34471? How does it compare to other Florida regions?

Median household income in ZIP Code 34471 is lower than in the state of Florida overall. Annual household income of $50,405 in ZIP Code 34471 is about 9% lower than the Florida median of $55,660. Additionally, median household income in this Ocala, FL region ($50,405) is approximately 20% 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 34471 spend on housing costs?

Renters in ZIP Code 34471 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 34471 spend an estimated 32.15% of their income on rent payments, which is about 1% higher 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 8% lower than the ZIP Code 34471 estimated rate of 32.15%.
9

Do renters in ZIP Code 34471 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 34471 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 34471 spending 30 percent or more of their income on rent costs (59.4%) is approximately 6% higher 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 20% lower than the aforementioned 34471 rate of 59.4%.
10

What is the average household size of renter-occupied units in ZIP Code 34471?

The average household size of renter-occupied units in ZIP Code 34471 is lower than in the state of Florida overall. Annual household size of 2.14 in ZIP Code 34471 is about 20% lower than the Florida median of 2.67. Additionally, median household size in this Ocala, FL region (2.14) is approximately 14% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes