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Rental Insights for ZIP Code 40437 (Hustonville, KY)

Housing Rentals in ZIP Code 40437 (Hustonville, KY)

40437 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 40437

ZIP Code 40437 is primarily located in Hustonville, KY in Lincoln County. The median housing rent in this Kentucky region is estimated at $631 per month. About 19.7% of housing units in the region are renter-occupied, and this Lincoln County ZIP Code has an approximate rental vacancy rate of 1.4%.

The median rent in ZIP Code 40437 of $631 per month is 17% lower than the aggregate Kentucky median monthly rent of $763, and is 41% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 83.9% of renters in ZIP Code 40437 pay between $500 and $999 per month for housing. That is 42% higher than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 40437 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 40437

See the chart below for a comparison of monthly rental costs in ZIP Code 40437, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 40437 along with those in the state of Kentucky and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 40437

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

Cost ZIP 40437 Kentucky U.S.
Less than $500 16.1% 17.2% 9.4%
$500 to $999 83.9% 58.9% 36.2%
$1,000 to $1,499 0.0% 19.5% 30.0%
$1,500 to $1,999 0.0% 3.1% 14.0%
$2,000 to $2,499 0.0% 0.7% 5.6%
$2,500 to $2,999 0.0% 0.3% 2.4%
$3,000 or more 0.0% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 40437

Renters in ZIP Code 40437 use an estimated 26.11% of their income to cover their monthly rent payments. That is about 8% lower than in Kentucky overall. The estimate for Kentucky overall is 28.3% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 40437 renters use about 12% less of their income to cover rent expense. Household income figures for ZIP Code 40437 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 40437 of $45,933 sits approximately 9% lower than the overall Kentucky median income of $50,589 and approximately 27% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 40437

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 40437, Kentucky, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 40437 along with the same calculations in the state of Kentucky 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 40437

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

Rent Cost as % of Income ZIP 40437 Kentucky U.S.
Less than 15.0 percent 19.4% 17.2% 13.1%
15.0 to 19.9 percent 20.1% 13.8% 12.9%
20.0 to 24.9 percent 16.1% 12.9% 12.9%
25.0 to 29.9 percent 4.3% 11.5% 11.6%
30.0 to 34.9 percent 12.4% 8.6% 9.1%
35.0 percent or more 27.8% 36.0% 40.5%

Household Income in ZIP Code 40437

See the table below for the regional comparison of annual household income in ZIP Code 40437.

Income ZIP 40437 Kentucky U.S.
Less than $10,000 9.1% 8.3% 6.0%
$10,000 to $14,999 6.2% 5.8% 4.3%
$15,000 to $24,999 16.5% 11.1% 8.9%
$25,000 to $34,999 8.9% 10.5% 8.9%
$35,000 to $49,999 13.4% 13.8% 12.3%
$50,000 to $74,999 23.5% 17.7% 17.2%
$75,000 to $99,999 12.8% 12.1% 12.7%
$100,000 to $149,999 6.5% 12.5% 15.1%
$150,000 to $199,999 2.0% 4.3% 6.8%
$200,000 or more 1.2% 3.9% 7.7%

Household Income in ZIP Code 40437

See the chart below for a comparison of annual household income figures in ZIP Code 40437, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 40437 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 40437

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 40437.

ZIP 40437 Kentucky U.S.
Median Housing Rent $631 $763 $1,062
Renter-Occupied Housing Units 19.7% 32.8% 36.0%
Rental Vacancy Rate 1.4% 5.9% 6.0%
Average Size of Renter-Occupied Unit 3.03 2.36 2.49
Average # of Bedrooms Per Unit 3.01 2.78 2.75
Percent of Income Spent on Rent 26.11% 28.3% 29.83%
Per Capita Income $19,980 $28,178 $34,103
Median Household Income $51,444 $70,144 $88,607
Living Below the Poverty Line 14.5% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 40437

In ZIP Code 40437 (Hustonville, KY), and estimated 19.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.4%.

The per capita income in 40437 is estimated at $19,980, which goes along with an estimated median household income of $51,444. About 14.5% of residents in this Lincoln County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.03 occupants, while the units have an aggregate average size of 3.01 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.11% of their income on housing rental costs.

Rental FAQs for ZIP Code 40437

1

What is the median monthly rent in ZIP Code 40437?

Median rent for housing in ZIP Code 40437 in Lincoln County in Kentucky is approximately $631 per month.
2

Is it expensive to rent in ZIP Code 40437?

Rent in ZIP Code 40437 is lower than average in the state of Kentucky overall. The median monthly rent of $631 in ZIP Code 40437 is approximately 17% lower than the Kentucky median of $763. Additionally, median rent in this Hustonville, KY region ($631) is about 41% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 40437?

High-priced rentals are not common in the Hustonville, KY ZIP Code of 40437, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Kentucky overall, approximately 0.3% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 40437?

Affordable rentals are more common in ZIP Code 40437 than in Kentucky overall. The percentage of housing rentals in ZIP Code 40437 costing $999 or less per month (100%) is approximately 31% higher than the Kentucky rate of 76.1% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 119% lower than the previously mentioned 40437 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 40437?

The most common range for rental cost in ZIP Code 40437 is between $500 and $999 per month. About 83.9% of renters in 40437 pay in this range for monthly rent. In comparison, approximately 58.9% of renters in the state of Kentucky fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 40437 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 40437 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 1.4% in ZIP Code 40437 is about 76% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Hustonville, KY region (1.4%) is an estimated 77% 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 40437? How does it compare to other Kentucky regions?

Median household income in ZIP Code 40437 is lower than in the state of Kentucky overall. Annual household income of $45,933 in ZIP Code 40437 is about 9% lower than the Kentucky median of $50,589. Additionally, median household income in this Hustonville, KY region ($45,933) is approximately 27% 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 40437 spend on housing costs?

Renters in ZIP Code 40437 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 40437 spend an estimated 26.11% of their income on rent payments, which is about 8% lower than the overall Kentucky estimated rate of 28.3%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 12% higher than the ZIP Code 40437 estimated rate of 26.11%.
9

Do renters in ZIP Code 40437 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 40437 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 40437 spending 30 percent or more of their income on rent costs (40.2%) is approximately 10% lower than the Kentucky rate of 44.6% 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 19% higher than the aforementioned 40437 rate of 40.2%.
10

What is the average household size of renter-occupied units in ZIP Code 40437?

The average household size of renter-occupied units in ZIP Code 40437 is higher than in the state of Kentucky overall. Annual household size of 3.03 in ZIP Code 40437 is about 28% higher than the Kentucky median of 2.36. Additionally, median household size in this Hustonville, KY region (3.03) is approximately 22% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes