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Rental Insights for ZIP Code 43942 (Powhatan Point, OH)

Housing Rentals in ZIP Code 43942 (Powhatan Point, OH)

43942 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 43942

ZIP Code 43942 is primarily located in Powhatan Point, OH in Belmont County. The estimated median housing rent in this Ohio region is $442 per month. About 22.3% of housing units in this Belmont County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of 7.3%.

The median rent in ZIP Code 43942 of $442 per month is 45% lower than the aggregate Ohio median monthly rent of $808, and is 58% lower than the $1,062 the median monthly rent in the U.S. overall. About 51.5% of residents in ZIP Code 43942 pay less than $500 per month for rent. That is 281% higher than in Ohio overall, in which 13.5% of total state residents pay less than $500 per month for housing. Just 1.5% of renters in ZIP Code 43942 pay between $1,000 and $1,499 per month for housing.

ZIP Code 43942 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 43942

See the chart below for a comparison of monthly rental costs in ZIP Code 43942, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 43942 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 43942

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

Cost ZIP 43942 Ohio U.S.
Less than $500 51.5% 13.5% 9.4%
$500 to $999 46.9% 58.3% 36.2%
$1,000 to $1,499 1.5% 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 43942

Renters in ZIP Code 43942 use an estimated 29.98% of their income to cover their monthly rent payments. That is about 5% higher 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 43942 renters use about 1% more of their income to cover rent expense. Household income figures for ZIP Code 43942 come in lower than in Ohio as a whole. The median annual household income in ZIP Code 43942 of $43,519 sits approximately 23% lower than the overall Ohio median income of $56,602 and approximately 31% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 43942

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 43942, 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 43942 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 43942

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

Rent Cost as % of Income ZIP 43942 Ohio U.S.
Less than 15.0 percent 7.9% 15.9% 13.1%
15.0 to 19.9 percent 16.8% 14.5% 12.9%
20.0 to 24.9 percent 9.4% 13.0% 12.9%
25.0 to 29.9 percent 17.8% 11.7% 11.6%
30.0 to 34.9 percent 12.0% 8.4% 9.1%
35.0 percent or more 36.1% 36.4% 40.5%

Household Income in ZIP Code 43942

See the table below for the regional comparison of annual household income in ZIP Code 43942.

Income ZIP 43942 Ohio U.S.
Less than $10,000 9.9% 6.8% 6.0%
$10,000 to $14,999 3.1% 4.6% 4.3%
$15,000 to $24,999 12.7% 9.9% 8.9%
$25,000 to $34,999 10.9% 9.8% 8.9%
$35,000 to $49,999 18.2% 13.4% 12.3%
$50,000 to $74,999 13.0% 18.3% 17.2%
$75,000 to $99,999 17.6% 13.0% 12.7%
$100,000 to $149,999 10.3% 14.1% 15.1%
$150,000 to $199,999 1.6% 5.3% 6.8%
$200,000 or more 2.6% 4.9% 7.7%

Household Income in ZIP Code 43942

See the chart below for a comparison of annual household income figures in ZIP Code 43942, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 43942 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 43942

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 43942.

ZIP 43942 Ohio U.S.
Median Housing Rent $442 $808 $1,062
Renter-Occupied Housing Units 22.3% 33.9% 36.0%
Rental Vacancy Rate 7.3% 5.3% 6.0%
Average Size of Renter-Occupied Unit 1.78 2.23 2.49
Average # of Bedrooms Per Unit 2.57 2.78 2.75
Percent of Income Spent on Rent 29.98% 28.47% 29.83%
Per Capita Income $26,430 $31,552 $34,103
Median Household Income $66,393 $76,958 $88,607
Living Below the Poverty Line 9.9% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 43942

In ZIP Code 43942 (Powhatan Point, OH), and estimated 22.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.3%.

The per capita income in 43942 is estimated at $26,430, which goes along with an estimated median household income of $66,393. About 9.9% of residents in this Belmont County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.78 occupants, while the units have an aggregate average size of 2.57 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.98% of their income on housing rental costs.

Rental FAQs for ZIP Code 43942

1

What is the median monthly rent in ZIP Code 43942?

Median rent for housing in ZIP Code 43942 in Belmont County in Ohio is approximately $442 per month.
2

Is it expensive to rent in ZIP Code 43942?

Rent in ZIP Code 43942 is lower than average in the state of Ohio overall. The median monthly rent of $442 in ZIP Code 43942 is approximately 45% lower than the Ohio median of $808. Additionally, median rent in this Powhatan Point, OH region ($442) is about 58% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 43942?

High-priced rentals are not common in the Powhatan Point, OH ZIP Code of 43942, 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 43942?

Affordable rentals are more common in ZIP Code 43942 than in Ohio overall. The percentage of housing rentals in ZIP Code 43942 costing $999 or less per month (98.4%) is approximately 37% higher 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 116% lower than the previously mentioned 43942 rate of 98.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 43942?

The most common range for rental cost in ZIP Code 43942 is less than $500 per month. About 51.5% of renters in 43942 pay in this range for monthly rent. In comparison, approximately 13.5% of renters in the state of Ohio fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 43942 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 43942 is higher than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 7.3% in ZIP Code 43942 is about 38% higher than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this Powhatan Point, OH region (7.3%) is an estimated 22% 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 43942? How does it compare to other Ohio regions?

Median household income in ZIP Code 43942 is lower than in the state of Ohio overall. Annual household income of $43,519 in ZIP Code 43942 is about 23% lower than the Ohio median of $56,602. Additionally, median household income in this Powhatan Point, OH region ($43,519) is approximately 31% 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 43942 spend on housing costs?

Renters in ZIP Code 43942 spend a higher amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 43942 spend an estimated 29.98% of their income on rent payments, which is about 5% higher 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 1% lower than the ZIP Code 43942 estimated rate of 29.98%.
9

Do renters in ZIP Code 43942 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 43942 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 43942 spending 30 percent or more of their income on rent costs (48.1%) is approximately 7% 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 3% higher than the aforementioned 43942 rate of 48.1%.
10

What is the average household size of renter-occupied units in ZIP Code 43942?

The average household size of renter-occupied units in ZIP Code 43942 is lower than in the state of Ohio overall. Annual household size of 1.78 in ZIP Code 43942 is about 20% lower than the Ohio median of 2.23. Additionally, median household size in this Powhatan Point, OH region (1.78) is approximately 29% lower than median household size of 2.49 in the U.S. as a whole.

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