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Rental Insights for ZIP Code 48436 (Gaines, MI)

Housing Rentals in ZIP Code 48436 (Gaines, MI)

48436 ZIP Code in Michigan

Learn About Housing Rentals in the ZIP Code 48436

ZIP Code 48436 is primarily located in Gaines, MI in Genesee County. This region of Michigan has an estimated median housing rent of $781 per month. About 5.7% of housing units in the region are renter-occupied, and this Genesee County ZIP Code has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 48436 of $781 per month is 10% lower than the aggregate Michigan median monthly rent of $871, and is 26% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 69.1% of renters in ZIP Code 48436 pay between $500 and $999 per month for housing. That is 31% higher than in Michigan overall, in which 52.7% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 48436 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 48436

See the chart below for a comparison of monthly rental costs in ZIP Code 48436, Michigan, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 48436 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 48436

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

Cost ZIP 48436 Michigan U.S.
Less than $500 6.2% 11.9% 9.4%
$500 to $999 69.1% 52.7% 36.2%
$1,000 to $1,499 24.7% 26.6% 30.0%
$1,500 to $1,999 0.0% 6.0% 14.0%
$2,000 to $2,499 0.0% 1.7% 5.6%
$2,500 to $2,999 0.0% 0.5% 2.4%
$3,000 or more 0.0% 0.7% 2.4%

Rent Cost vs. Income in ZIP Code 48436

Renters in ZIP Code 48436 use an estimated 26.64% of their income to cover their monthly rent payments. That is about 10% 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 48436 renters use about 11% less of their income to cover rent expense. Household income figures for ZIP Code 48436 come in higher than in Michigan as a whole. The median annual household income in ZIP Code 48436 of $76,579 sits approximately 34% higher than the overall Michigan median income of $57,144 and approximately 22% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 48436

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 48436, 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 48436 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 48436

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

Rent Cost as % of Income ZIP 48436 Michigan U.S.
Less than 15.0 percent 22.2% 13.9% 13.1%
15.0 to 19.9 percent 25.9% 13.1% 12.9%
20.0 to 24.9 percent 2.5% 12.7% 12.9%
25.0 to 29.9 percent 6.2% 11.5% 11.6%
30.0 to 34.9 percent 7.4% 8.8% 9.1%
35.0 percent or more 35.8% 40.0% 40.5%

Household Income in ZIP Code 48436

See the table below for the regional comparison of annual household income in ZIP Code 48436.

Income ZIP 48436 Michigan U.S.
Less than $10,000 4.1% 6.6% 6.0%
$10,000 to $14,999 1.3% 4.4% 4.3%
$15,000 to $24,999 8.1% 9.6% 8.9%
$25,000 to $34,999 5.1% 9.8% 8.9%
$35,000 to $49,999 15.5% 13.5% 12.3%
$50,000 to $74,999 15.0% 18.3% 17.2%
$75,000 to $99,999 24.4% 12.7% 12.7%
$100,000 to $149,999 13.0% 14.2% 15.1%
$150,000 to $199,999 8.0% 5.6% 6.8%
$200,000 or more 5.5% 5.2% 7.7%

Household Income in ZIP Code 48436

See the chart below for a comparison of annual household income figures in ZIP Code 48436, Michigan, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 48436 alongside the same figures for the state of Michigan and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 48436

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 48436.

ZIP 48436 Michigan U.S.
Median Housing Rent $781 $871 $1,062
Renter-Occupied Housing Units 5.7% 28.8% 36.0%
Rental Vacancy Rate 0.0% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.07 2.26 2.49
Average # of Bedrooms Per Unit 3.26 2.79 2.75
Percent of Income Spent on Rent 26.64% 29.56% 29.83%
Per Capita Income $32,705 $31,713 $34,103
Median Household Income $85,283 $78,400 $88,607
Living Below the Poverty Line 5.4% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 48436

In ZIP Code 48436 (Gaines, MI), and estimated 5.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 48436 is estimated at $32,705, which goes along with an estimated median household income of $85,283. About 5.4% of residents in this Genesee County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.07 occupants, while the units have an aggregate average size of 3.26 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.64% of their income on housing rental costs.

Rental FAQs for ZIP Code 48436

1

What is the median monthly rent in ZIP Code 48436?

Median rent for housing in ZIP Code 48436 in Genesee County in Michigan is approximately $781 per month.
2

Is it expensive to rent in ZIP Code 48436?

Rent in ZIP Code 48436 is lower than average in the state of Michigan overall. The median monthly rent of $781 in ZIP Code 48436 is approximately 10% lower than the Michigan median of $871. Additionally, median rent in this Gaines, MI region ($781) is about 26% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 48436?

High-priced rentals are not common in the Gaines, MI ZIP Code of 48436, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Michigan overall, approximately 0.7% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 48436?

Affordable rentals are more common in ZIP Code 48436 than in Michigan overall. The percentage of housing rentals in ZIP Code 48436 costing $999 or less per month (75.3%) is approximately 17% higher 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 65% lower than the previously mentioned 48436 rate of 75.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 48436?

The most common range for rental cost in ZIP Code 48436 is between $500 and $999 per month. About 69.1% of renters in 48436 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 48436 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 48436 is lower than the rental vacancy rate in the state of Michigan overall. Rental vacancy of 0.0% in ZIP Code 48436 is about 100% lower than the Michigan rate of 5.1%. Looking more broadly, rental vacancy in this Gaines, MI 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 48436? How does it compare to other Michigan regions?

Median household income in ZIP Code 48436 is higher than in the state of Michigan overall. Annual household income of $76,579 in ZIP Code 48436 is about 34% higher than the Michigan median of $57,144. Additionally, median household income in this Gaines, MI region ($76,579) is approximately 22% 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 48436 spend on housing costs?

Renters in ZIP Code 48436 spend a lower amount of their income on rent costs than do renters in Michigan overall. Renters in ZIP Code 48436 spend an estimated 26.64% of their income on rent payments, which is about 10% 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 11% higher than the ZIP Code 48436 estimated rate of 26.64%.
9

Do renters in ZIP Code 48436 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 48436 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 48436 spending 30 percent or more of their income on rent costs (43.2%) 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 13% higher than the aforementioned 48436 rate of 43.2%.
10

What is the average household size of renter-occupied units in ZIP Code 48436?

The average household size of renter-occupied units in ZIP Code 48436 is lower than in the state of Michigan overall. Annual household size of 2.07 in ZIP Code 48436 is about 8% lower than the Michigan median of 2.26. Additionally, median household size in this Gaines, MI region (2.07) is approximately 17% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Michigan ZIP Codes