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Rental Insights for ZIP Code 45786 (Waterford, OH)

Housing Rentals in ZIP Code 45786 (Waterford, OH)

45786 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 45786

ZIP Code 45786 is primarily located in Waterford, OH in Washington County. The median housing rent payment in this region of Ohio is $811 per month. Approximately 10.0% of housing units in this Washington County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of zero.

The median rent in ZIP Code 45786 of $811 per month is 0% higher than the aggregate Ohio median monthly rent of $808, and is 24% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 45786, approximately 67.6% of residents pay between $500 and $999 per month for rent. That is 16% higher than in Ohio overall, in which 58.3% of total state residents pay between $500 and $999 per month for housing. Only 6.9% of renters in this Waterford, OH region pay less than $500 per month for rent.

ZIP Code 45786 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 45786

See the chart below for a comparison of monthly rental costs in ZIP Code 45786, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 45786 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 45786

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

Cost ZIP 45786 Ohio U.S.
Less than $500 6.9% 13.5% 9.4%
$500 to $999 67.6% 58.3% 36.2%
$1,000 to $1,499 25.5% 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 45786

Renters in ZIP Code 45786 use an estimated 19.32% of their income to cover their monthly rent payments. That is about 32% 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 45786 renters use about 35% less of their income to cover rent expense. Household income figures for ZIP Code 45786 come in higher than in Ohio as a whole. The median annual household income in ZIP Code 45786 of $70,049 sits approximately 24% higher than the overall Ohio median income of $56,602 and approximately 11% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 45786

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 45786, 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 45786 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 45786

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

Rent Cost as % of Income ZIP 45786 Ohio U.S.
Less than 15.0 percent 48.0% 15.9% 13.1%
15.0 to 19.9 percent 22.5% 14.5% 12.9%
20.0 to 24.9 percent 5.9% 13.0% 12.9%
25.0 to 29.9 percent 4.9% 11.7% 11.6%
30.0 to 34.9 percent 0.0% 8.4% 9.1%
35.0 percent or more 18.6% 36.4% 40.5%

Household Income in ZIP Code 45786

See the table below for the regional comparison of annual household income in ZIP Code 45786.

Income ZIP 45786 Ohio U.S.
Less than $10,000 2.1% 6.8% 6.0%
$10,000 to $14,999 2.8% 4.6% 4.3%
$15,000 to $24,999 9.1% 9.9% 8.9%
$25,000 to $34,999 9.4% 9.8% 8.9%
$35,000 to $49,999 10.7% 13.4% 12.3%
$50,000 to $74,999 23.2% 18.3% 17.2%
$75,000 to $99,999 22.8% 13.0% 12.7%
$100,000 to $149,999 11.3% 14.1% 15.1%
$150,000 to $199,999 8.1% 5.3% 6.8%
$200,000 or more 0.4% 4.9% 7.7%

Household Income in ZIP Code 45786

See the chart below for a comparison of annual household income figures in ZIP Code 45786, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 45786 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 45786

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 45786.

ZIP 45786 Ohio U.S.
Median Housing Rent $811 $808 $1,062
Renter-Occupied Housing Units 10.0% 33.9% 36.0%
Rental Vacancy Rate 0.0% 5.3% 6.0%
Average Size of Renter-Occupied Unit 1.82 2.23 2.49
Average # of Bedrooms Per Unit 2.91 2.78 2.75
Percent of Income Spent on Rent 19.32% 28.47% 29.83%
Per Capita Income $28,380 $31,552 $34,103
Median Household Income $72,679 $76,958 $88,607
Living Below the Poverty Line 4.6% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 45786

In ZIP Code 45786 (Waterford, OH), and estimated 10.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 45786 is estimated at $28,380, which goes along with an estimated median household income of $72,679. About 4.6% of residents in this Washington County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.82 occupants, while the units have an aggregate average size of 2.91 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 19.32% of their income on housing rental costs.

Rental FAQs for ZIP Code 45786

1

What is the median monthly rent in ZIP Code 45786?

Median rent for housing in ZIP Code 45786 in Washington County in Ohio is approximately $811 per month.
2

Is it expensive to rent in ZIP Code 45786?

Rent in ZIP Code 45786 is higher than average in the state of Ohio overall. The median monthly rent of $811 in ZIP Code 45786 is approximately 0% higher than the Ohio median of $808. Additionally, median rent in this Waterford, OH region ($811) is about 24% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 45786?

High-priced rentals are not common in the Waterford, OH ZIP Code of 45786, 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 45786?

Affordable rentals are more common in ZIP Code 45786 than in Ohio overall. The percentage of housing rentals in ZIP Code 45786 costing $999 or less per month (74.5%) is approximately 4% 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 63% lower than the previously mentioned 45786 rate of 74.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 45786?

The most common range for rental cost in ZIP Code 45786 is between $500 and $999 per month. About 67.6% of renters in 45786 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 45786 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 45786 is lower than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 0.0% in ZIP Code 45786 is about 100% lower than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this Waterford, 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 45786? How does it compare to other Ohio regions?

Median household income in ZIP Code 45786 is higher than in the state of Ohio overall. Annual household income of $70,049 in ZIP Code 45786 is about 24% higher than the Ohio median of $56,602. Additionally, median household income in this Waterford, OH region ($70,049) is approximately 11% 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 45786 spend on housing costs?

Renters in ZIP Code 45786 spend a lower amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 45786 spend an estimated 19.32% of their income on rent payments, which is about 32% 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 35% higher than the ZIP Code 45786 estimated rate of 19.32%.
9

Do renters in ZIP Code 45786 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 45786 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 45786 spending 30 percent or more of their income on rent costs (18.6%) is approximately 58% lower 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 63% higher than the aforementioned 45786 rate of 18.6%.
10

What is the average household size of renter-occupied units in ZIP Code 45786?

The average household size of renter-occupied units in ZIP Code 45786 is lower than in the state of Ohio overall. Annual household size of 1.82 in ZIP Code 45786 is about 18% lower than the Ohio median of 2.23. Additionally, median household size in this Waterford, OH region (1.82) is approximately 27% lower than median household size of 2.49 in the U.S. as a whole.

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