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Rental Insights for ZIP Code 43504 (Berkey, OH)

Housing Rentals in ZIP Code 43504 (Berkey, OH)

43504 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 43504

ZIP Code 43504 is primarily located in Berkey, OH in Lucas County. The estimated median housing rent in this Ohio region is $983 per month. About 5.0% of total housing units in this Lucas County ZIP Code are occupied by renters, while the estimated rental vacancy rate is zero.

The median rent in ZIP Code 43504 of $983 per month is 22% higher than the aggregate Ohio median monthly rent of $808, and is 7% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 52.4% of residents in ZIP Code 43504 pay between $500 and $999 per month for rent. That is 10% lower than in Ohio overall, in which 58.3% of total state residents pay between $500 and $999 per month for housing. Just 47.6% of ZIP Code 43504 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 43504 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 43504

See the chart below for a comparison of monthly rental costs in ZIP Code 43504, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 43504 along with those in the state of Ohio and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 43504

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

Cost ZIP 43504 Ohio U.S.
Less than $500 0.0% 13.5% 9.4%
$500 to $999 52.4% 58.3% 36.2%
$1,000 to $1,499 47.6% 22.3% 30.0%
$1,500 to $1,999 0.0% 4.1% 14.0%
$2,000 to $2,499 0.0% 1.0% 5.6%
$2,500 to $2,999 0.0% 0.3% 2.4%
$3,000 or more 0.0% 0.4% 2.4%

Rent Cost vs. Income in ZIP Code 43504

Renters in ZIP Code 43504 use an estimated 28.1% of their income to cover their monthly rent payments. That is about 1% lower than in Ohio overall. The estimate for Ohio overall is 28.47% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 43504 renters use about 6% less of their income to cover rent expense. Household income figures for ZIP Code 43504 come in higher than in Ohio as a whole. The median annual household income in ZIP Code 43504 of $85,057 sits approximately 50% higher than the overall Ohio median income of $56,602 and approximately 35% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 43504

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 43504, Ohio, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 43504 along with the same calculations in the state of Ohio 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 43504

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

Rent Cost as % of Income ZIP 43504 Ohio U.S.
Less than 15.0 percent 33.3% 15.9% 13.1%
15.0 to 19.9 percent 0.0% 14.5% 12.9%
20.0 to 24.9 percent 0.0% 13.0% 12.9%
25.0 to 29.9 percent 14.3% 11.7% 11.6%
30.0 to 34.9 percent 14.3% 8.4% 9.1%
35.0 percent or more 38.1% 36.4% 40.5%

Household Income in ZIP Code 43504

See the table below for the regional comparison of annual household income in ZIP Code 43504.

Income ZIP 43504 Ohio U.S.
Less than $10,000 0.2% 6.8% 6.0%
$10,000 to $14,999 0.7% 4.6% 4.3%
$15,000 to $24,999 8.5% 9.9% 8.9%
$25,000 to $34,999 8.0% 9.8% 8.9%
$35,000 to $49,999 11.9% 13.4% 12.3%
$50,000 to $74,999 16.5% 18.3% 17.2%
$75,000 to $99,999 22.9% 13.0% 12.7%
$100,000 to $149,999 16.2% 14.1% 15.1%
$150,000 to $199,999 10.8% 5.3% 6.8%
$200,000 or more 4.3% 4.9% 7.7%

Household Income in ZIP Code 43504

See the chart below for a comparison of annual household income figures in ZIP Code 43504, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 43504 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 43504

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 43504.

ZIP 43504 Ohio U.S.
Median Housing Rent $983 $808 $1,062
Renter-Occupied Housing Units 5.0% 33.9% 36.0%
Rental Vacancy Rate 0.0% 5.3% 6.0%
Average Size of Renter-Occupied Unit 2.36 2.23 2.49
Average # of Bedrooms Per Unit 3.29 2.78 2.75
Percent of Income Spent on Rent 28.1% 28.47% 29.83%
Per Capita Income $39,693 $31,552 $34,103
Median Household Income $103,573 $76,958 $88,607
Living Below the Poverty Line 2.2% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 43504

In ZIP Code 43504 (Berkey, OH), and estimated 5.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 43504 is estimated at $39,693, which goes along with an estimated median household income of $103,573. About 2.2% of residents in this Lucas County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.36 occupants, while the units have an aggregate average size of 3.29 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.1% of their income on housing rental costs.

Rental FAQs for ZIP Code 43504

1

What is the median monthly rent in ZIP Code 43504?

Median rent for housing in ZIP Code 43504 in Lucas County in Ohio is approximately $983 per month.
2

Is it expensive to rent in ZIP Code 43504?

Rent in ZIP Code 43504 is higher than average in the state of Ohio overall. The median monthly rent of $983 in ZIP Code 43504 is approximately 22% higher than the Ohio median of $808. Additionally, median rent in this Berkey, OH region ($983) is about 7% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 43504?

High-priced rentals are not common in the Berkey, OH ZIP Code of 43504, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Ohio overall, approximately 0.4% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 43504?

Affordable rentals are less common in ZIP Code 43504 than in Ohio overall. The percentage of housing rentals in ZIP Code 43504 costing $999 or less per month (52.4%) is approximately 27% lower than the Ohio rate of 71.8% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 15% lower than the previously mentioned 43504 rate of 52.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 43504?

The most common range for rental cost in ZIP Code 43504 is between $500 and $999 per month. About 52.4% of renters in 43504 pay in this range for monthly rent. In comparison, approximately 58.3% of renters in the state of Ohio fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 43504 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 43504 is lower than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 0.0% in ZIP Code 43504 is about 100% lower than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this Berkey, OH 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 43504? How does it compare to other Ohio regions?

Median household income in ZIP Code 43504 is higher than in the state of Ohio overall. Annual household income of $85,057 in ZIP Code 43504 is about 50% higher than the Ohio median of $56,602. Additionally, median household income in this Berkey, OH region ($85,057) is approximately 35% 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 43504 spend on housing costs?

Renters in ZIP Code 43504 spend a lower amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 43504 spend an estimated 28.1% of their income on rent payments, which is about 1% lower than the overall Ohio estimated rate of 28.47%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 6% higher than the ZIP Code 43504 estimated rate of 28.1%.
9

Do renters in ZIP Code 43504 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 43504 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 43504 spending 30 percent or more of their income on rent costs (52.4%) is approximately 17% higher than the Ohio rate of 44.8% 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 6% lower than the aforementioned 43504 rate of 52.4%.
10

What is the average household size of renter-occupied units in ZIP Code 43504?

The average household size of renter-occupied units in ZIP Code 43504 is higher than in the state of Ohio overall. Annual household size of 2.36 in ZIP Code 43504 is about 6% higher than the Ohio median of 2.23. Additionally, median household size in this Berkey, OH region (2.36) is approximately 5% lower than median household size of 2.49 in the U.S. as a whole.

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