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Rental Insights for ZIP Code 48631 (Kawkawlin, MI)

Housing Rentals in ZIP Code 48631 (Kawkawlin, MI)

48631 ZIP Code in Michigan

Learn About Housing Rentals in the ZIP Code 48631

ZIP Code 48631 is primarily located in Kawkawlin, MI in Bay County. This region of Michigan has an estimated median housing rent of $643 per month. Approximately 10.4% of housing units in this Bay County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of zero.

The median rent in ZIP Code 48631 of $643 per month is 26% lower than the aggregate Michigan median monthly rent of $871, and is 39% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 77.9% of renters in ZIP Code 48631 pay between $500 and $999 per month for housing. That is 48% higher than in Michigan overall, in which 52.7% of total state residents pay between $500 and $999 per month for housing. Just 22.1% of renters in this Kawkawlin, MI region pay between $1,000 and $1,499 for monthly rent.

ZIP Code 48631 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 48631

See the chart below for a comparison of monthly rental costs in ZIP Code 48631, Michigan, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 48631 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 48631

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

Cost ZIP 48631 Michigan U.S.
Less than $500 0.0% 11.9% 9.4%
$500 to $999 77.9% 52.7% 36.2%
$1,000 to $1,499 22.1% 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 48631

Renters in ZIP Code 48631 use an estimated 24.41% of their income to cover their monthly rent payments. That is about 17% 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 48631 renters use about 18% less of their income to cover rent expense. Household income figures for ZIP Code 48631 come in lower than in Michigan as a whole. The median annual household income in ZIP Code 48631 of $55,925 sits approximately 2% lower than the overall Michigan median income of $57,144 and approximately 11% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 48631

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 48631, 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 48631 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 48631

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

Rent Cost as % of Income ZIP 48631 Michigan U.S.
Less than 15.0 percent 31.4% 13.9% 13.1%
15.0 to 19.9 percent 4.1% 13.1% 12.9%
20.0 to 24.9 percent 34.3% 12.7% 12.9%
25.0 to 29.9 percent 0.0% 11.5% 11.6%
30.0 to 34.9 percent 0.0% 8.8% 9.1%
35.0 percent or more 30.2% 40.0% 40.5%

Household Income in ZIP Code 48631

See the table below for the regional comparison of annual household income in ZIP Code 48631.

Income ZIP 48631 Michigan U.S.
Less than $10,000 3.4% 6.6% 6.0%
$10,000 to $14,999 3.0% 4.4% 4.3%
$15,000 to $24,999 10.7% 9.6% 8.9%
$25,000 to $34,999 8.5% 9.8% 8.9%
$35,000 to $49,999 12.3% 13.5% 12.3%
$50,000 to $74,999 27.4% 18.3% 17.2%
$75,000 to $99,999 16.9% 12.7% 12.7%
$100,000 to $149,999 9.5% 14.2% 15.1%
$150,000 to $199,999 6.8% 5.6% 6.8%
$200,000 or more 1.7% 5.2% 7.7%

Household Income in ZIP Code 48631

See the chart below for a comparison of annual household income figures in ZIP Code 48631, Michigan, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 48631 alongside the same figures for the state of Michigan and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 48631

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 48631.

ZIP 48631 Michigan U.S.
Median Housing Rent $643 $871 $1,062
Renter-Occupied Housing Units 10.4% 28.8% 36.0%
Rental Vacancy Rate 0.0% 5.1% 6.0%
Average Size of Renter-Occupied Unit 1.82 2.26 2.49
Average # of Bedrooms Per Unit 2.95 2.79 2.75
Percent of Income Spent on Rent 24.41% 29.56% 29.83%
Per Capita Income $28,900 $31,713 $34,103
Median Household Income $68,677 $78,400 $88,607
Living Below the Poverty Line 2.5% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 48631

In ZIP Code 48631 (Kawkawlin, MI), and estimated 10.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 48631 is estimated at $28,900, which goes along with an estimated median household income of $68,677. About 2.5% of residents in this Bay 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 2.95 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.41% of their income on housing rental costs.

Rental FAQs for ZIP Code 48631

1

What is the median monthly rent in ZIP Code 48631?

Median rent for housing in ZIP Code 48631 in Bay County in Michigan is approximately $643 per month.
2

Is it expensive to rent in ZIP Code 48631?

Rent in ZIP Code 48631 is lower than average in the state of Michigan overall. The median monthly rent of $643 in ZIP Code 48631 is approximately 26% lower than the Michigan median of $871. Additionally, median rent in this Kawkawlin, MI region ($643) is about 39% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 48631?

High-priced rentals are not common in the Kawkawlin, MI ZIP Code of 48631, 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 48631?

Affordable rentals are more common in ZIP Code 48631 than in Michigan overall. The percentage of housing rentals in ZIP Code 48631 costing $999 or less per month (77.9%) is approximately 21% 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 71% lower than the previously mentioned 48631 rate of 77.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 48631?

The most common range for rental cost in ZIP Code 48631 is between $500 and $999 per month. About 77.9% of renters in 48631 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 48631 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 48631 is lower than the rental vacancy rate in the state of Michigan overall. Rental vacancy of 0.0% in ZIP Code 48631 is about 100% lower than the Michigan rate of 5.1%. Looking more broadly, rental vacancy in this Kawkawlin, 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 48631? How does it compare to other Michigan regions?

Median household income in ZIP Code 48631 is lower than in the state of Michigan overall. Annual household income of $55,925 in ZIP Code 48631 is about 2% lower than the Michigan median of $57,144. Additionally, median household income in this Kawkawlin, MI region ($55,925) is approximately 11% 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 48631 spend on housing costs?

Renters in ZIP Code 48631 spend a lower amount of their income on rent costs than do renters in Michigan overall. Renters in ZIP Code 48631 spend an estimated 24.41% of their income on rent payments, which is about 17% 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 18% higher than the ZIP Code 48631 estimated rate of 24.41%.
9

Do renters in ZIP Code 48631 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 48631 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 48631 spending 30 percent or more of their income on rent costs (30.2%) is approximately 38% 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 39% higher than the aforementioned 48631 rate of 30.2%.
10

What is the average household size of renter-occupied units in ZIP Code 48631?

The average household size of renter-occupied units in ZIP Code 48631 is lower than in the state of Michigan overall. Annual household size of 1.82 in ZIP Code 48631 is about 19% lower than the Michigan median of 2.26. Additionally, median household size in this Kawkawlin, MI region (1.82) is approximately 27% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Michigan ZIP Codes