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Rental Insights for ZIP Code 48757 (Reese, MI)

Housing Rentals in ZIP Code 48757 (Reese, MI)

48757 ZIP Code in Michigan

Learn About Housing Rentals in the ZIP Code 48757

ZIP Code 48757 is primarily located in Reese, MI in Tuscola County. This region of Michigan has an estimated median housing rent of $656 per month. Approximately 13.3% of housing units in this Tuscola 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 48757 of $656 per month is 25% lower than the aggregate Michigan median monthly rent of $871, and is 38% lower than the $1,062 the median monthly rent in the U.S. overall. About 83.3% of renters in ZIP Code 48757 pay between $500 and $999 per month for housing. That is 58% higher than in Michigan overall, in which 52.7% of total state residents pay between $500 and $999 per month for housing. Only 6.2% of renters in this Reese, MI region pay less than $500 per month for rent.

ZIP Code 48757 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 48757

See the chart below for a comparison of monthly rental costs in ZIP Code 48757, Michigan, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 48757 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 48757

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

Cost ZIP 48757 Michigan U.S.
Less than $500 6.2% 11.9% 9.4%
$500 to $999 83.3% 52.7% 36.2%
$1,000 to $1,499 10.5% 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 48757

Renters in ZIP Code 48757 use an estimated 26.18% of their income to cover their monthly rent payments. That is about 11% 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 48757 renters use about 12% less of their income to cover rent expense. Household income figures for ZIP Code 48757 come in higher than in Michigan as a whole. The median annual household income in ZIP Code 48757 of $63,813 sits approximately 12% higher than the overall Michigan median income of $57,144 and approximately 2% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 48757

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 48757, 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 48757 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 48757

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

Rent Cost as % of Income ZIP 48757 Michigan U.S.
Less than 15.0 percent 22.2% 13.9% 13.1%
15.0 to 19.9 percent 20.4% 13.1% 12.9%
20.0 to 24.9 percent 10.5% 12.7% 12.9%
25.0 to 29.9 percent 8.6% 11.5% 11.6%
30.0 to 34.9 percent 6.2% 8.8% 9.1%
35.0 percent or more 32.1% 40.0% 40.5%

Household Income in ZIP Code 48757

See the table below for the regional comparison of annual household income in ZIP Code 48757.

Income ZIP 48757 Michigan U.S.
Less than $10,000 3.1% 6.6% 6.0%
$10,000 to $14,999 1.9% 4.4% 4.3%
$15,000 to $24,999 8.8% 9.6% 8.9%
$25,000 to $34,999 9.6% 9.8% 8.9%
$35,000 to $49,999 16.7% 13.5% 12.3%
$50,000 to $74,999 18.0% 18.3% 17.2%
$75,000 to $99,999 20.3% 12.7% 12.7%
$100,000 to $149,999 16.7% 14.2% 15.1%
$150,000 to $199,999 2.4% 5.6% 6.8%
$200,000 or more 2.4% 5.2% 7.7%

Household Income in ZIP Code 48757

See the chart below for a comparison of annual household income figures in ZIP Code 48757, Michigan, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 48757 alongside the same figures for the state of Michigan and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 48757

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 48757.

ZIP 48757 Michigan U.S.
Median Housing Rent $656 $871 $1,062
Renter-Occupied Housing Units 13.3% 28.8% 36.0%
Rental Vacancy Rate 0.0% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.19 2.26 2.49
Average # of Bedrooms Per Unit 3.05 2.79 2.75
Percent of Income Spent on Rent 26.18% 29.56% 29.83%
Per Capita Income $33,440 $31,713 $34,103
Median Household Income $80,160 $78,400 $88,607
Living Below the Poverty Line 5.7% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 48757

In ZIP Code 48757 (Reese, MI), and estimated 13.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 48757 is estimated at $33,440, which goes along with an estimated median household income of $80,160. About 5.7% of residents in this Tuscola County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.19 occupants, while the units have an aggregate average size of 3.05 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.18% of their income on housing rental costs.

Rental FAQs for ZIP Code 48757

1

What is the median monthly rent in ZIP Code 48757?

Median rent for housing in ZIP Code 48757 in Tuscola County in Michigan is approximately $656 per month.
2

Is it expensive to rent in ZIP Code 48757?

Rent in ZIP Code 48757 is lower than average in the state of Michigan overall. The median monthly rent of $656 in ZIP Code 48757 is approximately 25% lower than the Michigan median of $871. Additionally, median rent in this Reese, MI region ($656) is about 38% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 48757?

High-priced rentals are not common in the Reese, MI ZIP Code of 48757, 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 48757?

Affordable rentals are more common in ZIP Code 48757 than in Michigan overall. The percentage of housing rentals in ZIP Code 48757 costing $999 or less per month (89.5%) is approximately 39% 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 96% lower than the previously mentioned 48757 rate of 89.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 48757?

The most common range for rental cost in ZIP Code 48757 is between $500 and $999 per month. About 83.3% of renters in 48757 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 48757 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 48757 is lower than the rental vacancy rate in the state of Michigan overall. Rental vacancy of 0.0% in ZIP Code 48757 is about 100% lower than the Michigan rate of 5.1%. Looking more broadly, rental vacancy in this Reese, 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 48757? How does it compare to other Michigan regions?

Median household income in ZIP Code 48757 is higher than in the state of Michigan overall. Annual household income of $63,813 in ZIP Code 48757 is about 12% higher than the Michigan median of $57,144. Additionally, median household income in this Reese, MI region ($63,813) is approximately 2% 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 48757 spend on housing costs?

Renters in ZIP Code 48757 spend a lower amount of their income on rent costs than do renters in Michigan overall. Renters in ZIP Code 48757 spend an estimated 26.18% of their income on rent payments, which is about 11% 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 12% higher than the ZIP Code 48757 estimated rate of 26.18%.
9

Do renters in ZIP Code 48757 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 48757 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 48757 spending 30 percent or more of their income on rent costs (38.3%) is approximately 22% 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 23% higher than the aforementioned 48757 rate of 38.3%.
10

What is the average household size of renter-occupied units in ZIP Code 48757?

The average household size of renter-occupied units in ZIP Code 48757 is lower than in the state of Michigan overall. Annual household size of 2.19 in ZIP Code 48757 is about 3% lower than the Michigan median of 2.26. Additionally, median household size in this Reese, MI region (2.19) is approximately 12% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Michigan ZIP Codes