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Rental Insights for ZIP Code 37027 (Brentwood, TN)

Housing Rentals in ZIP Code 37027 (Brentwood, TN)

37027 ZIP Code in Tennessee

An In-depth Rental Snapshot of ZIP Code 37027

The 37027 ZIP Code is primarily located in Brentwood, TN in Williamson County. The estimated median housing rent in this region of Tennessee is $1,509 per month. About 14.8% of housing units in this Williamson County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 9.8%.

The median rent in ZIP Code 37027 of $1,509 per month is 74% higher than the aggregate Tennessee median monthly rent of $869, and is 42% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 41.4% of residents in ZIP Code 37027 pay between $1,000 and $1,499 per month for rent. That is 54% higher than in Tennessee overall, in which 26.9% of total state residents pay between $1,000 and $1,499 per month for housing. Just 2.1% of renters in this Brentwood, TN region pay less than $500 per month for rent.

ZIP Code 37027 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 37027

See the chart below for a comparison of monthly rental costs in ZIP Code 37027, Tennessee, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 37027 along with those in the state of Tennessee and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 37027

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

Cost ZIP 37027 Tennessee U.S.
Less than $500 2.1% 12.8% 9.4%
$500 to $999 6.1% 50.8% 36.2%
$1,000 to $1,499 41.4% 26.9% 30.0%
$1,500 to $1,999 23.3% 6.7% 14.0%
$2,000 to $2,499 12.6% 1.8% 5.6%
$2,500 to $2,999 6.7% 0.5% 2.4%
$3,000 or more 7.8% 0.5% 2.4%

Rent Cost vs. Income in ZIP Code 37027

Renters in ZIP Code 37027 use an estimated 29.17% of their income to cover their monthly rent payments. That is about 0% lower than in Tennessee overall. The estimate for Tennessee overall is 29.18% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 37027 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 37027 come in higher than in Tennessee as a whole. The median annual household income in ZIP Code 37027 of $139,932 sits approximately 162% higher than the overall Tennessee median income of $53,320 and approximately 123% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 37027

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 37027, Tennessee, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 37027 along with the same calculations in the state of Tennessee 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 37027

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

Rent Cost as % of Income ZIP 37027 Tennessee U.S.
Less than 15.0 percent 10.1% 14.1% 13.1%
15.0 to 19.9 percent 17.9% 13.4% 12.9%
20.0 to 24.9 percent 16.9% 12.8% 12.9%
25.0 to 29.9 percent 6.2% 12.3% 11.6%
30.0 to 34.9 percent 13.1% 9.4% 9.1%
35.0 percent or more 35.9% 37.9% 40.5%

Household Income in ZIP Code 37027

See the table below for the regional comparison of annual household income in ZIP Code 37027.

Income ZIP 37027 Tennessee U.S.
Less than $10,000 2.3% 6.9% 6.0%
$10,000 to $14,999 0.9% 5.2% 4.3%
$15,000 to $24,999 2.5% 10.6% 8.9%
$25,000 to $34,999 2.5% 10.4% 8.9%
$35,000 to $49,999 6.6% 14.0% 12.3%
$50,000 to $74,999 9.2% 18.3% 17.2%
$75,000 to $99,999 9.3% 12.4% 12.7%
$100,000 to $149,999 19.3% 12.8% 15.1%
$150,000 to $199,999 14.2% 4.7% 6.8%
$200,000 or more 33.1% 4.8% 7.7%

Household Income in ZIP Code 37027

See the chart below for a comparison of annual household income figures in ZIP Code 37027, Tennessee, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 37027 alongside the same figures for the state of Tennessee and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 37027

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 37027.

ZIP 37027 Tennessee U.S.
Median Housing Rent $1,509 $869 $1,062
Renter-Occupied Housing Units 14.8% 33.7% 36.0%
Rental Vacancy Rate 9.8% 7.1% 6.0%
Average Size of Renter-Occupied Unit 2.13 2.42 2.49
Average # of Bedrooms Per Unit 3.88 2.81 2.75
Percent of Income Spent on Rent 29.17% 29.18% 29.83%
Per Capita Income $70,554 $29,859 $34,103
Median Household Income $195,976 $74,750 $88,607
Living Below the Poverty Line 1.7% 11.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 37027

In ZIP Code 37027 (Brentwood, TN), and estimated 14.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.8%.

The per capita income in 37027 is estimated at $70,554, which goes along with an estimated median household income of $195,976. About 1.7% of residents in this Williamson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.13 occupants, while the units have an aggregate average size of 3.88 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.17% of their income on housing rental costs.

Rental FAQs for ZIP Code 37027

1

What is the median monthly rent in ZIP Code 37027?

Median rent for housing in ZIP Code 37027 in Williamson County in Tennessee is approximately $1,509 per month.
2

Is it expensive to rent in ZIP Code 37027?

Rent in ZIP Code 37027 is higher than average in the state of Tennessee overall. The median monthly rent of $1,509 in ZIP Code 37027 is approximately 74% higher than the Tennessee median of $869. Additionally, median rent in this Brentwood, TN region ($1,509) is about 42% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 37027?

High-priced rentals are more common in ZIP Code 37027 than in Tennessee overall. The percentage of rentals in ZIP Code 37027 that cost $3,000 or more per month (7.8%) is about 1460% higher than the Tennessee rate of 0.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 225% lower than the aforementioned 37027 rate of 7.8%.
4

Are affordable rentals common in ZIP Code 37027?

Affordable rentals are less common in ZIP Code 37027 than in Tennessee overall. The percentage of housing rentals in ZIP Code 37027 costing $999 or less per month (8.2%) is approximately 87% lower than the Tennessee rate of 63.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 82% higher than the previously mentioned 37027 rate of 8.2%.
5

What is the most common cost range that rentals fall into in ZIP Code 37027?

The most common range for rental cost in ZIP Code 37027 is between $1,000 and $1,499 per month. About 41.4% of renters in 37027 pay in this range for monthly rent. In comparison, approximately 26.9% of renters in the state of Tennessee 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 37027 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 37027 is higher than the rental vacancy rate in the state of Tennessee overall. Rental vacancy of 9.8% in ZIP Code 37027 is about 38% higher than the Tennessee rate of 7.1%. Looking more broadly, rental vacancy in this Brentwood, TN region (9.8%) is an estimated 63% 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 37027? How does it compare to other Tennessee regions?

Median household income in ZIP Code 37027 is higher than in the state of Tennessee overall. Annual household income of $139,932 in ZIP Code 37027 is about 162% higher than the Tennessee median of $53,320. Additionally, median household income in this Brentwood, TN region ($139,932) is approximately 123% higher 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 37027 spend on housing costs?

Renters in ZIP Code 37027 spend a lower amount of their income on rent costs than do renters in Tennessee overall. Renters in ZIP Code 37027 spend an estimated 29.17% of their income on rent payments, which is about 0% lower than the overall Tennessee estimated rate of 29.18%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 2% higher than the ZIP Code 37027 estimated rate of 29.17%.
9

Do renters in ZIP Code 37027 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 37027 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 37027 spending 30 percent or more of their income on rent costs (49%) is approximately 4% higher than the Tennessee rate of 47.3% 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 1% higher than the aforementioned 37027 rate of 49%.
10

What is the average household size of renter-occupied units in ZIP Code 37027?

The average household size of renter-occupied units in ZIP Code 37027 is lower than in the state of Tennessee overall. Annual household size of 2.13 in ZIP Code 37027 is about 12% lower than the Tennessee median of 2.42. Additionally, median household size in this Brentwood, TN region (2.13) is approximately 14% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Tennessee ZIP Codes