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Rental Insights for ZIP Code 48092 (Warren, MI)

Housing Rentals in ZIP Code 48092 (Warren, MI)

48092 ZIP Code in Michigan

Learn About Housing Rentals in the ZIP Code 48092

ZIP Code 48092 is primarily located in Warren, MI in Macomb County. This region of Michigan has an estimated median housing rent of $948 per month. About 24.1% of housing units in this Macomb County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 6.2%.

The median rent in ZIP Code 48092 of $948 per month is 9% higher than the aggregate Michigan median monthly rent of $871, and is 11% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 48092, about 56.8% of renters pay between $500 and $999 per month for housing. That is 8% higher than in Michigan overall, in which 52.7% of total state residents pay between $500 and $999 per month for housing. Just 0.4% of renters in this Warren, MI region pay between $2,000 and $2,499 per month for rent.

ZIP Code 48092 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 48092

See the chart below for a comparison of monthly rental costs in ZIP Code 48092, Michigan, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 48092 along with those in the state of Michigan and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 48092

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

Cost ZIP 48092 Michigan U.S.
Less than $500 2.6% 11.9% 9.4%
$500 to $999 56.8% 52.7% 36.2%
$1,000 to $1,499 28.1% 26.6% 30.0%
$1,500 to $1,999 11.1% 6.0% 14.0%
$2,000 to $2,499 0.4% 1.7% 5.6%
$2,500 to $2,999 0.0% 0.5% 2.4%
$3,000 or more 1.0% 0.7% 2.4%

Rent Cost vs. Income in ZIP Code 48092

Renters in ZIP Code 48092 use an estimated 29.06% of their income to cover their monthly rent payments. That is about 2% lower than in Michigan overall. The estimate for Michigan overall is 29.56% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 48092 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 48092 come in higher than in Michigan as a whole. The median annual household income in ZIP Code 48092 of $58,161 sits approximately 2% higher than the overall Michigan median income of $57,144 and approximately 7% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 48092

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 48092, Michigan, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 48092 along with the same calculations in the state of Michigan 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 48092

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

Rent Cost as % of Income ZIP 48092 Michigan U.S.
Less than 15.0 percent 9.1% 13.9% 13.1%
15.0 to 19.9 percent 19.2% 13.1% 12.9%
20.0 to 24.9 percent 14.3% 12.7% 12.9%
25.0 to 29.9 percent 13.7% 11.5% 11.6%
30.0 to 34.9 percent 7.3% 8.8% 9.1%
35.0 percent or more 36.3% 40.0% 40.5%

Household Income in ZIP Code 48092

See the table below for the regional comparison of annual household income in ZIP Code 48092.

Income ZIP 48092 Michigan U.S.
Less than $10,000 4.5% 6.6% 6.0%
$10,000 to $14,999 2.3% 4.4% 4.3%
$15,000 to $24,999 8.3% 9.6% 8.9%
$25,000 to $34,999 10.2% 9.8% 8.9%
$35,000 to $49,999 16.2% 13.5% 12.3%
$50,000 to $74,999 21.7% 18.3% 17.2%
$75,000 to $99,999 14.7% 12.7% 12.7%
$100,000 to $149,999 14.7% 14.2% 15.1%
$150,000 to $199,999 5.4% 5.6% 6.8%
$200,000 or more 2.1% 5.2% 7.7%

Household Income in ZIP Code 48092

See the chart below for a comparison of annual household income figures in ZIP Code 48092, Michigan, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 48092 alongside the same figures for the state of Michigan and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 48092

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 48092.

ZIP 48092 Michigan U.S.
Median Housing Rent $948 $871 $1,062
Renter-Occupied Housing Units 24.1% 28.8% 36.0%
Rental Vacancy Rate 6.2% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.50 2.26 2.49
Average # of Bedrooms Per Unit 2.81 2.79 2.75
Percent of Income Spent on Rent 29.06% 29.56% 29.83%
Per Capita Income $27,430 $31,713 $34,103
Median Household Income $70,885 $78,400 $88,607
Living Below the Poverty Line 9.5% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 48092

In ZIP Code 48092 (Warren, MI), and estimated 24.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.2%.

The per capita income in 48092 is estimated at $27,430, which goes along with an estimated median household income of $70,885. About 9.5% of residents in this Macomb County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.50 occupants, while the units have an aggregate average size of 2.81 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.06% of their income on housing rental costs.

Rental FAQs for ZIP Code 48092

1

What is the median monthly rent in ZIP Code 48092?

Median rent for housing in ZIP Code 48092 in Macomb County in Michigan is approximately $948 per month.
2

Is it expensive to rent in ZIP Code 48092?

Rent in ZIP Code 48092 is higher than average in the state of Michigan overall. The median monthly rent of $948 in ZIP Code 48092 is approximately 9% higher than the Michigan median of $871. Additionally, median rent in this Warren, MI region ($948) is about 11% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 48092?

High-priced rentals are more common in ZIP Code 48092 than in Michigan overall. The percentage of rentals in ZIP Code 48092 that cost $3,000 or more per month (1.0%) is about 43% higher than the Michigan rate of 0.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 58% higher than the aforementioned 48092 rate of 1.0%.
4

Are affordable rentals common in ZIP Code 48092?

Affordable rentals are less common in ZIP Code 48092 than in Michigan overall. The percentage of housing rentals in ZIP Code 48092 costing $999 or less per month (59.4%) is approximately 8% lower than the Michigan rate of 64.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 30% lower than the previously mentioned 48092 rate of 59.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 48092?

The most common range for rental cost in ZIP Code 48092 is between $500 and $999 per month. About 56.8% of renters in 48092 pay in this range for monthly rent. In comparison, approximately 52.7% of renters in the state of Michigan fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 48092 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 48092 is higher than the rental vacancy rate in the state of Michigan overall. Rental vacancy of 6.2% in ZIP Code 48092 is about 22% higher than the Michigan rate of 5.1%. Looking more broadly, rental vacancy in this Warren, MI region (6.2%) is an estimated 3% 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 48092? How does it compare to other Michigan regions?

Median household income in ZIP Code 48092 is higher than in the state of Michigan overall. Annual household income of $58,161 in ZIP Code 48092 is about 2% higher than the Michigan median of $57,144. Additionally, median household income in this Warren, MI region ($58,161) is approximately 7% 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 48092 spend on housing costs?

Renters in ZIP Code 48092 spend a lower amount of their income on rent costs than do renters in Michigan overall. Renters in ZIP Code 48092 spend an estimated 29.06% of their income on rent payments, which is about 2% lower than the overall Michigan estimated rate of 29.56%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 3% higher than the ZIP Code 48092 estimated rate of 29.06%.
9

Do renters in ZIP Code 48092 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 48092 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 48092 spending 30 percent or more of their income on rent costs (43.6%) is approximately 11% lower than the Michigan rate of 48.8% 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 12% higher than the aforementioned 48092 rate of 43.6%.
10

What is the average household size of renter-occupied units in ZIP Code 48092?

The average household size of renter-occupied units in ZIP Code 48092 is higher than in the state of Michigan overall. Annual household size of 2.50 in ZIP Code 48092 is about 11% higher than the Michigan median of 2.26. Additionally, median household size in this Warren, MI region (2.50) is approximately 0% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Michigan ZIP Codes