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Rental Insights for ZIP Code 42633 (Monticello, KY)

Housing Rentals in ZIP Code 42633 (Monticello, KY)

42633 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 42633

ZIP Code 42633 is primarily located in Monticello, KY in Wayne County. This Kentucky region has a median housing rent payment of $537 per month. Approximately 27.3% of housing units in this Wayne County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 6.4%.

The median rent in ZIP Code 42633 of $537 per month is 30% lower than the aggregate Kentucky median monthly rent of $763, and is 49% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 58.2% of renters in ZIP Code 42633 pay between $500 and $999 per month for housing. That is 1% lower than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 0.4% of renters in this Monticello, KY region pay between $1,000 and $1,499 for monthly rent.

ZIP Code 42633 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 42633

See the chart below for a comparison of monthly rental costs in ZIP Code 42633, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 42633 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 42633

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

Cost ZIP 42633 Kentucky U.S.
Less than $500 41.4% 17.2% 9.4%
$500 to $999 58.2% 58.9% 36.2%
$1,000 to $1,499 0.4% 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 42633

Renters in ZIP Code 42633 use an estimated 26.75% of their income to cover their monthly rent payments. That is about 5% 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 42633 renters use about 10% less of their income to cover rent expense. Household income figures for ZIP Code 42633 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 42633 of $34,502 sits approximately 32% lower than the overall Kentucky median income of $50,589 and approximately 45% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 42633

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 42633, 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 42633 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 42633

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

Rent Cost as % of Income ZIP 42633 Kentucky U.S.
Less than 15.0 percent 24.7% 17.2% 13.1%
15.0 to 19.9 percent 11.4% 13.8% 12.9%
20.0 to 24.9 percent 12.1% 12.9% 12.9%
25.0 to 29.9 percent 11.1% 11.5% 11.6%
30.0 to 34.9 percent 7.9% 8.6% 9.1%
35.0 percent or more 32.8% 36.0% 40.5%

Household Income in ZIP Code 42633

See the table below for the regional comparison of annual household income in ZIP Code 42633.

Income ZIP 42633 Kentucky U.S.
Less than $10,000 13.5% 8.3% 6.0%
$10,000 to $14,999 7.6% 5.8% 4.3%
$15,000 to $24,999 17.4% 11.1% 8.9%
$25,000 to $34,999 12.2% 10.5% 8.9%
$35,000 to $49,999 12.4% 13.8% 12.3%
$50,000 to $74,999 19.8% 17.7% 17.2%
$75,000 to $99,999 6.7% 12.1% 12.7%
$100,000 to $149,999 6.3% 12.5% 15.1%
$150,000 to $199,999 2.1% 4.3% 6.8%
$200,000 or more 1.9% 3.9% 7.7%

Household Income in ZIP Code 42633

See the chart below for a comparison of annual household income figures in ZIP Code 42633, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 42633 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 42633

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 42633.

ZIP 42633 Kentucky U.S.
Median Housing Rent $537 $763 $1,062
Renter-Occupied Housing Units 27.3% 32.8% 36.0%
Rental Vacancy Rate 6.4% 5.9% 6.0%
Average Size of Renter-Occupied Unit 2.64 2.36 2.49
Average # of Bedrooms Per Unit 2.65 2.78 2.75
Percent of Income Spent on Rent 26.75% 28.3% 29.83%
Per Capita Income $25,260 $28,178 $34,103
Median Household Income $54,403 $70,144 $88,607
Living Below the Poverty Line 19.2% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 42633

In ZIP Code 42633 (Monticello, KY), and estimated 27.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.4%.

The per capita income in 42633 is estimated at $25,260, which goes along with an estimated median household income of $54,403. About 19.2% of residents in this Wayne County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.64 occupants, while the units have an aggregate average size of 2.65 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.75% of their income on housing rental costs.

Rental FAQs for ZIP Code 42633

1

What is the median monthly rent in ZIP Code 42633?

Median rent for housing in ZIP Code 42633 in Wayne County in Kentucky is approximately $537 per month.
2

Is it expensive to rent in ZIP Code 42633?

Rent in ZIP Code 42633 is lower than average in the state of Kentucky overall. The median monthly rent of $537 in ZIP Code 42633 is approximately 30% lower than the Kentucky median of $763. Additionally, median rent in this Monticello, KY region ($537) is about 49% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 42633?

High-priced rentals are not common in the Monticello, KY ZIP Code of 42633, 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 42633?

Affordable rentals are more common in ZIP Code 42633 than in Kentucky overall. The percentage of housing rentals in ZIP Code 42633 costing $999 or less per month (99.6%) 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 118% lower than the previously mentioned 42633 rate of 99.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 42633?

The most common range for rental cost in ZIP Code 42633 is between $500 and $999 per month. About 58.2% of renters in 42633 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 42633 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 42633 is higher than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 6.4% in ZIP Code 42633 is about 8% higher than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Monticello, KY region (6.4%) is an estimated 7% 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 42633? How does it compare to other Kentucky regions?

Median household income in ZIP Code 42633 is lower than in the state of Kentucky overall. Annual household income of $34,502 in ZIP Code 42633 is about 32% lower than the Kentucky median of $50,589. Additionally, median household income in this Monticello, KY region ($34,502) is approximately 45% 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 42633 spend on housing costs?

Renters in ZIP Code 42633 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 42633 spend an estimated 26.75% of their income on rent payments, which is about 5% 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 10% higher than the ZIP Code 42633 estimated rate of 26.75%.
9

Do renters in ZIP Code 42633 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 42633 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 42633 spending 30 percent or more of their income on rent costs (40.7%) is approximately 9% 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 18% higher than the aforementioned 42633 rate of 40.7%.
10

What is the average household size of renter-occupied units in ZIP Code 42633?

The average household size of renter-occupied units in ZIP Code 42633 is higher than in the state of Kentucky overall. Annual household size of 2.64 in ZIP Code 42633 is about 12% higher than the Kentucky median of 2.36. Additionally, median household size in this Monticello, KY region (2.64) is approximately 6% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes