Renters Local

Rental Insights for ZIP Code 42157 (Mount Hermon, KY)

Housing Rentals in ZIP Code 42157 (Mount Hermon, KY)

42157 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 42157

ZIP Code 42157 is primarily located in Mount Hermon, KY in Monroe County. This Kentucky region has a median housing rent payment of $573 per month. Approximately 27.0% of housing units in this Monroe County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of zero.

The median rent in ZIP Code 42157 of $573 per month is 25% lower than the aggregate Kentucky median monthly rent of $763, and is 46% lower than the $1,062 the median monthly rent in the U.S. overall. About 72.7% of renters in ZIP Code 42157 pay between $500 and $999 per month for housing. That is 23% higher than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 27.3% of renters in ZIP Code 42157 pay less than $500 for monthly rent.

ZIP Code 42157 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 42157

See the chart below for a comparison of monthly rental costs in ZIP Code 42157, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 42157 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 42157

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

Cost ZIP 42157 Kentucky U.S.
Less than $500 27.3% 17.2% 9.4%
$500 to $999 72.7% 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 42157

Renters in ZIP Code 42157 use an estimated 37.04% of their income to cover their monthly rent payments. That is about 31% 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 42157 renters use about 24% more of their income to cover rent expense. Household income figures for ZIP Code 42157 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 42157 of $-666,666,666 sits approximately 1317910% lower than the overall Kentucky median income of $50,589 and approximately 1060945% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 42157

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 42157, 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 42157 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 42157

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

Rent Cost as % of Income ZIP 42157 Kentucky U.S.
Less than 15.0 percent 0.0% 17.2% 13.1%
15.0 to 19.9 percent 0.0% 13.8% 12.9%
20.0 to 24.9 percent 27.3% 12.9% 12.9%
25.0 to 29.9 percent 0.0% 11.5% 11.6%
30.0 to 34.9 percent 0.0% 8.6% 9.1%
35.0 percent or more 72.7% 36.0% 40.5%

Household Income in ZIP Code 42157

See the table below for the regional comparison of annual household income in ZIP Code 42157.

Income ZIP 42157 Kentucky U.S.
Less than $10,000 6.1% 8.3% 6.0%
$10,000 to $14,999 4.6% 5.8% 4.3%
$15,000 to $24,999 10.2% 11.1% 8.9%
$25,000 to $34,999 21.4% 10.5% 8.9%
$35,000 to $49,999 8.7% 13.8% 12.3%
$50,000 to $74,999 9.2% 17.7% 17.2%
$75,000 to $99,999 14.3% 12.1% 12.7%
$100,000 to $149,999 23.0% 12.5% 15.1%
$150,000 to $199,999 0.0% 4.3% 6.8%
$200,000 or more 2.6% 3.9% 7.7%

Household Income in ZIP Code 42157

See the chart below for a comparison of annual household income figures in ZIP Code 42157, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 42157 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 42157

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 42157.

ZIP 42157 Kentucky U.S.
Median Housing Rent $573 $763 $1,062
Renter-Occupied Housing Units 27.0% 32.8% 36.0%
Rental Vacancy Rate 0.0% 5.9% 6.0%
Average Size of Renter-Occupied Unit 2.32 2.36 2.49
Average # of Bedrooms Per Unit 3.35 2.78 2.75
Percent of Income Spent on Rent 37.04% 28.3% 29.83%
Per Capita Income $25,387 $28,178 $34,103
Median Household Income $88,489 $70,144 $88,607
Living Below the Poverty Line 14.0% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 42157

In ZIP Code 42157 (Mount Hermon, KY), and estimated 27.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 42157 is estimated at $25,387, which goes along with an estimated median household income of $88,489. About 14.0% of residents in this Monroe County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.32 occupants, while the units have an aggregate average size of 3.35 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 37.04% of their income on housing rental costs.

Rental FAQs for ZIP Code 42157

1

What is the median monthly rent in ZIP Code 42157?

Median rent for housing in ZIP Code 42157 in Monroe County in Kentucky is approximately $573 per month.
2

Is it expensive to rent in ZIP Code 42157?

Rent in ZIP Code 42157 is lower than average in the state of Kentucky overall. The median monthly rent of $573 in ZIP Code 42157 is approximately 25% lower than the Kentucky median of $763. Additionally, median rent in this Mount Hermon, KY region ($573) is about 46% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 42157?

High-priced rentals are not common in the Mount Hermon, KY ZIP Code of 42157, 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 42157?

Affordable rentals are more common in ZIP Code 42157 than in Kentucky overall. The percentage of housing rentals in ZIP Code 42157 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 42157 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 42157?

The most common range for rental cost in ZIP Code 42157 is between $500 and $999 per month. About 72.7% of renters in 42157 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 42157 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 42157 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 0.0% in ZIP Code 42157 is about 100% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Mount Hermon, 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 42157? How does it compare to other Kentucky regions?

Median household income in ZIP Code 42157 is lower than in the state of Kentucky overall. Annual household income of $-666,666,666 in ZIP Code 42157 is about 1317910% lower than the Kentucky median of $50,589. Additionally, median household income in this Mount Hermon, KY region ($-666,666,666) is approximately 1060945% 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 42157 spend on housing costs?

Renters in ZIP Code 42157 spend a higher amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 42157 spend an estimated 37.04% of their income on rent payments, which is about 31% 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 24% lower than the ZIP Code 42157 estimated rate of 37.04%.
9

Do renters in ZIP Code 42157 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 42157 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 42157 spending 30 percent or more of their income on rent costs (72.7%) is approximately 63% 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 47% lower than the aforementioned 42157 rate of 72.7%.
10

What is the average household size of renter-occupied units in ZIP Code 42157?

The average household size of renter-occupied units in ZIP Code 42157 is lower than in the state of Kentucky overall. Annual household size of 2.32 in ZIP Code 42157 is about 2% lower than the Kentucky median of 2.36. Additionally, median household size in this Mount Hermon, KY region (2.32) is approximately 7% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes