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Rental Insights for ZIP Code 41572 (Virgie, KY)

Housing Rentals in ZIP Code 41572 (Virgie, KY)

41572 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 41572

ZIP Code 41572 is primarily located in Virgie, KY in Pike County. The median housing rent payment in this Kentucky region is $769 per month. About 16.5% of total housing units in this Pike County ZIP Code are occupied by renters, while the estimated rental vacancy rate is zero.

The median rent in ZIP Code 41572 of $769 per month is 1% higher than the aggregate Kentucky median monthly rent of $763, and is 28% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 59.2% of residents in ZIP Code 41572 have a monthly rent payment between $500 and $999. That is 1% higher than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 20.4% of ZIP Code 41572 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 41572 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 41572

See the chart below for a comparison of monthly rental costs in ZIP Code 41572, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 41572 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 41572

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

Cost ZIP 41572 Kentucky U.S.
Less than $500 20.4% 17.2% 9.4%
$500 to $999 59.2% 58.9% 36.2%
$1,000 to $1,499 20.4% 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 41572

Renters in ZIP Code 41572 use an estimated 28.41% of their income to cover their monthly rent payments. That is about 0% higher 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 41572 renters use about 5% less of their income to cover rent expense. Household income figures for ZIP Code 41572 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 41572 of $42,258 sits approximately 16% lower than the overall Kentucky median income of $50,589 and approximately 33% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 41572

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 41572, 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 41572 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 41572

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

Rent Cost as % of Income ZIP 41572 Kentucky U.S.
Less than 15.0 percent 31.8% 17.2% 13.1%
15.0 to 19.9 percent 7.6% 13.8% 12.9%
20.0 to 24.9 percent 4.5% 12.9% 12.9%
25.0 to 29.9 percent 0.0% 11.5% 11.6%
30.0 to 34.9 percent 9.6% 8.6% 9.1%
35.0 percent or more 46.5% 36.0% 40.5%

Household Income in ZIP Code 41572

See the table below for the regional comparison of annual household income in ZIP Code 41572.

Income ZIP 41572 Kentucky U.S.
Less than $10,000 9.2% 8.3% 6.0%
$10,000 to $14,999 5.1% 5.8% 4.3%
$15,000 to $24,999 19.2% 11.1% 8.9%
$25,000 to $34,999 9.7% 10.5% 8.9%
$35,000 to $49,999 14.5% 13.8% 12.3%
$50,000 to $74,999 15.8% 17.7% 17.2%
$75,000 to $99,999 11.9% 12.1% 12.7%
$100,000 to $149,999 13.9% 12.5% 15.1%
$150,000 to $199,999 0.0% 4.3% 6.8%
$200,000 or more 0.7% 3.9% 7.7%

Household Income in ZIP Code 41572

See the chart below for a comparison of annual household income figures in ZIP Code 41572, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 41572 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 41572

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 41572.

ZIP 41572 Kentucky U.S.
Median Housing Rent $769 $763 $1,062
Renter-Occupied Housing Units 16.5% 32.8% 36.0%
Rental Vacancy Rate 0.0% 5.9% 6.0%
Average Size of Renter-Occupied Unit 2.33 2.36 2.49
Average # of Bedrooms Per Unit 2.95 2.78 2.75
Percent of Income Spent on Rent 28.41% 28.3% 29.83%
Per Capita Income $22,849 $28,178 $34,103
Median Household Income $52,266 $70,144 $88,607
Living Below the Poverty Line 17.8% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 41572

In ZIP Code 41572 (Virgie, KY), and estimated 16.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 41572 is estimated at $22,849, which goes along with an estimated median household income of $52,266. About 17.8% of residents in this Pike County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.33 occupants, while the units have an aggregate average size of 2.95 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.41% of their income on housing rental costs.

Rental FAQs for ZIP Code 41572

1

What is the median monthly rent in ZIP Code 41572?

Median rent for housing in ZIP Code 41572 in Pike County in Kentucky is approximately $769 per month.
2

Is it expensive to rent in ZIP Code 41572?

Rent in ZIP Code 41572 is higher than average in the state of Kentucky overall. The median monthly rent of $769 in ZIP Code 41572 is approximately 1% higher than the Kentucky median of $763. Additionally, median rent in this Virgie, KY region ($769) is about 28% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 41572?

High-priced rentals are not common in the Virgie, KY ZIP Code of 41572, 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 41572?

Affordable rentals are more common in ZIP Code 41572 than in Kentucky overall. The percentage of housing rentals in ZIP Code 41572 costing $999 or less per month (79.6%) is approximately 5% 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 75% lower than the previously mentioned 41572 rate of 79.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 41572?

The most common range for rental cost in ZIP Code 41572 is between $500 and $999 per month. About 59.2% of renters in 41572 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 41572 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 41572 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 0.0% in ZIP Code 41572 is about 100% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Virgie, KY region (0.0%) is an estimated 100% 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 41572? How does it compare to other Kentucky regions?

Median household income in ZIP Code 41572 is lower than in the state of Kentucky overall. Annual household income of $42,258 in ZIP Code 41572 is about 16% lower than the Kentucky median of $50,589. Additionally, median household income in this Virgie, KY region ($42,258) is approximately 33% 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 41572 spend on housing costs?

Renters in ZIP Code 41572 spend a higher amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 41572 spend an estimated 28.41% of their income on rent payments, which is about 0% higher 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 5% higher than the ZIP Code 41572 estimated rate of 28.41%.
9

Do renters in ZIP Code 41572 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 41572 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 41572 spending 30 percent or more of their income on rent costs (56.1%) is approximately 26% higher 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 13% lower than the aforementioned 41572 rate of 56.1%.
10

What is the average household size of renter-occupied units in ZIP Code 41572?

The average household size of renter-occupied units in ZIP Code 41572 is lower than in the state of Kentucky overall. Annual household size of 2.33 in ZIP Code 41572 is about 1% lower than the Kentucky median of 2.36. Additionally, median household size in this Virgie, KY region (2.33) is approximately 6% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes