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Rental Insights for ZIP Code 49676 (Rapid City, MI)

Housing Rentals in ZIP Code 49676 (Rapid City, MI)

49676 ZIP Code in Michigan

Learn About Housing Rentals in the ZIP Code 49676

ZIP Code 49676 is primarily located in Rapid City, MI in Kalkaska County. The median housing rent in this region or Michigan is estimated at $738 per month. Approximately 12.7% of housing units in this Kalkaska County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 7.2%.

The median rent in ZIP Code 49676 of $738 per month is 15% lower than the aggregate Michigan median monthly rent of $871, and is 31% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 71.2% of residents in ZIP Code 49676 have a monthly rent payment between $500 and $999. That is 35% higher than in Michigan overall, in which 52.7% of total state residents pay between $500 and $999 per month for housing. Just 2.2% of renters in this Rapid City, MI region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 49676 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 49676

See the chart below for a comparison of monthly rental costs in ZIP Code 49676, Michigan, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 49676 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 49676

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

Cost ZIP 49676 Michigan U.S.
Less than $500 17.9% 11.9% 9.4%
$500 to $999 71.2% 52.7% 36.2%
$1,000 to $1,499 3.3% 26.6% 30.0%
$1,500 to $1,999 5.4% 6.0% 14.0%
$2,000 to $2,499 2.2% 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 49676

Renters in ZIP Code 49676 use an estimated 31.81% of their income to cover their monthly rent payments. That is about 8% higher 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 49676 renters use about 7% more of their income to cover rent expense. Household income figures for ZIP Code 49676 come in lower than in Michigan as a whole. The median annual household income in ZIP Code 49676 of $56,300 sits approximately 1% lower than the overall Michigan median income of $57,144 and approximately 10% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 49676

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 49676, 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 49676 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 49676

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

Rent Cost as % of Income ZIP 49676 Michigan U.S.
Less than 15.0 percent 2.0% 13.9% 13.1%
15.0 to 19.9 percent 21.8% 13.1% 12.9%
20.0 to 24.9 percent 5.4% 12.7% 12.9%
25.0 to 29.9 percent 11.6% 11.5% 11.6%
30.0 to 34.9 percent 17.7% 8.8% 9.1%
35.0 percent or more 41.5% 40.0% 40.5%

Household Income in ZIP Code 49676

See the table below for the regional comparison of annual household income in ZIP Code 49676.

Income ZIP 49676 Michigan U.S.
Less than $10,000 8.3% 6.6% 6.0%
$10,000 to $14,999 1.7% 4.4% 4.3%
$15,000 to $24,999 10.4% 9.6% 8.9%
$25,000 to $34,999 9.6% 9.8% 8.9%
$35,000 to $49,999 13.4% 13.5% 12.3%
$50,000 to $74,999 24.7% 18.3% 17.2%
$75,000 to $99,999 11.1% 12.7% 12.7%
$100,000 to $149,999 12.5% 14.2% 15.1%
$150,000 to $199,999 3.3% 5.6% 6.8%
$200,000 or more 4.8% 5.2% 7.7%

Household Income in ZIP Code 49676

See the chart below for a comparison of annual household income figures in ZIP Code 49676, Michigan, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 49676 alongside the same figures for the state of Michigan and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 49676

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 49676.

ZIP 49676 Michigan U.S.
Median Housing Rent $738 $871 $1,062
Renter-Occupied Housing Units 12.7% 28.8% 36.0%
Rental Vacancy Rate 7.2% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.31 2.26 2.49
Average # of Bedrooms Per Unit 2.88 2.79 2.75
Percent of Income Spent on Rent 31.81% 29.56% 29.83%
Per Capita Income $31,539 $31,713 $34,103
Median Household Income $75,528 $78,400 $88,607
Living Below the Poverty Line 11.7% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 49676

In ZIP Code 49676 (Rapid City, MI), and estimated 12.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.2%.

The per capita income in 49676 is estimated at $31,539, which goes along with an estimated median household income of $75,528. About 11.7% of residents in this Kalkaska County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.31 occupants, while the units have an aggregate average size of 2.88 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.81% of their income on housing rental costs.

Rental FAQs for ZIP Code 49676

1

What is the median monthly rent in ZIP Code 49676?

Median rent for housing in ZIP Code 49676 in Kalkaska County in Michigan is approximately $738 per month.
2

Is it expensive to rent in ZIP Code 49676?

Rent in ZIP Code 49676 is lower than average in the state of Michigan overall. The median monthly rent of $738 in ZIP Code 49676 is approximately 15% lower than the Michigan median of $871. Additionally, median rent in this Rapid City, MI region ($738) is about 31% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 49676?

High-priced rentals are not common in the Rapid City, MI ZIP Code of 49676, 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 49676?

Affordable rentals are more common in ZIP Code 49676 than in Michigan overall. The percentage of housing rentals in ZIP Code 49676 costing $999 or less per month (89.1%) is approximately 38% 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 95% lower than the previously mentioned 49676 rate of 89.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 49676?

The most common range for rental cost in ZIP Code 49676 is between $500 and $999 per month. About 71.2% of renters in 49676 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 49676 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 49676 is higher than the rental vacancy rate in the state of Michigan overall. Rental vacancy of 7.2% in ZIP Code 49676 is about 41% higher than the Michigan rate of 5.1%. Looking more broadly, rental vacancy in this Rapid City, MI region (7.2%) is an estimated 20% 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 49676? How does it compare to other Michigan regions?

Median household income in ZIP Code 49676 is lower than in the state of Michigan overall. Annual household income of $56,300 in ZIP Code 49676 is about 1% lower than the Michigan median of $57,144. Additionally, median household income in this Rapid City, MI region ($56,300) is approximately 10% 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 49676 spend on housing costs?

Renters in ZIP Code 49676 spend a higher amount of their income on rent costs than do renters in Michigan overall. Renters in ZIP Code 49676 spend an estimated 31.81% of their income on rent payments, which is about 8% higher 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 7% lower than the ZIP Code 49676 estimated rate of 31.81%.
9

Do renters in ZIP Code 49676 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 49676 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 49676 spending 30 percent or more of their income on rent costs (59.2%) is approximately 21% higher 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 19% lower than the aforementioned 49676 rate of 59.2%.
10

What is the average household size of renter-occupied units in ZIP Code 49676?

The average household size of renter-occupied units in ZIP Code 49676 is higher than in the state of Michigan overall. Annual household size of 2.31 in ZIP Code 49676 is about 2% higher than the Michigan median of 2.26. Additionally, median household size in this Rapid City, MI region (2.31) is approximately 7% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Michigan ZIP Codes