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Rental Insights for ZIP Code 49892 (Vulcan, MI)

Housing Rentals in ZIP Code 49892 (Vulcan, MI)

49892 ZIP Code in Michigan

Learn About Housing Rentals in the ZIP Code 49892

ZIP Code 49892 is primarily located in Vulcan, MI in Dickinson County. The median housing rent in this region or Michigan is estimated at $612 per month. About 9.0% of all housing units in this Dickinson County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 8.4%.

The median rent in ZIP Code 49892 of $612 per month is 30% lower than the aggregate Michigan median monthly rent of $871, and is 42% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 49892, about 68.3% of renters pay between $500 and $999 per month for housing. That is 30% higher than in Michigan overall, in which 52.7% of total state residents pay between $500 and $999 per month for housing. Only 5.0% of renters in this Vulcan, MI region pay between $1,000 and $1,499 per month for rent.

ZIP Code 49892 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 49892

See the chart below for a comparison of monthly rental costs in ZIP Code 49892, Michigan, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 49892 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 49892

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

Cost ZIP 49892 Michigan U.S.
Less than $500 26.7% 11.9% 9.4%
$500 to $999 68.3% 52.7% 36.2%
$1,000 to $1,499 5.0% 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 49892

Renters in ZIP Code 49892 use an estimated 24.43% 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 49892 renters use about 18% less of their income to cover rent expense. Household income figures for ZIP Code 49892 come in higher than in Michigan as a whole. The median annual household income in ZIP Code 49892 of $63,147 sits approximately 11% higher than the overall Michigan median income of $57,144 and approximately 0% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 49892

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 49892, 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 49892 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 49892

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

Rent Cost as % of Income ZIP 49892 Michigan U.S.
Less than 15.0 percent 23.3% 13.9% 13.1%
15.0 to 19.9 percent 28.3% 13.1% 12.9%
20.0 to 24.9 percent 6.7% 12.7% 12.9%
25.0 to 29.9 percent 11.7% 11.5% 11.6%
30.0 to 34.9 percent 3.3% 8.8% 9.1%
35.0 percent or more 26.7% 40.0% 40.5%

Household Income in ZIP Code 49892

See the table below for the regional comparison of annual household income in ZIP Code 49892.

Income ZIP 49892 Michigan U.S.
Less than $10,000 6.4% 6.6% 6.0%
$10,000 to $14,999 3.4% 4.4% 4.3%
$15,000 to $24,999 6.8% 9.6% 8.9%
$25,000 to $34,999 8.4% 9.8% 8.9%
$35,000 to $49,999 15.1% 13.5% 12.3%
$50,000 to $74,999 21.1% 18.3% 17.2%
$75,000 to $99,999 19.2% 12.7% 12.7%
$100,000 to $149,999 15.3% 14.2% 15.1%
$150,000 to $199,999 3.9% 5.6% 6.8%
$200,000 or more 0.4% 5.2% 7.7%

Household Income in ZIP Code 49892

See the chart below for a comparison of annual household income figures in ZIP Code 49892, Michigan, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 49892 alongside the same figures for the state of Michigan and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 49892

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 49892.

ZIP 49892 Michigan U.S.
Median Housing Rent $612 $871 $1,062
Renter-Occupied Housing Units 9.0% 28.8% 36.0%
Rental Vacancy Rate 8.4% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.83 2.26 2.49
Average # of Bedrooms Per Unit 2.74 2.79 2.75
Percent of Income Spent on Rent 24.43% 29.56% 29.83%
Per Capita Income $30,634 $31,713 $34,103
Median Household Income $67,509 $78,400 $88,607
Living Below the Poverty Line 4.8% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 49892

In ZIP Code 49892 (Vulcan, MI), and estimated 9.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 8.4%.

The per capita income in 49892 is estimated at $30,634, which goes along with an estimated median household income of $67,509. About 4.8% of residents in this Dickinson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.83 occupants, while the units have an aggregate average size of 2.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.43% of their income on housing rental costs.

Rental FAQs for ZIP Code 49892

1

What is the median monthly rent in ZIP Code 49892?

Median rent for housing in ZIP Code 49892 in Dickinson County in Michigan is approximately $612 per month.
2

Is it expensive to rent in ZIP Code 49892?

Rent in ZIP Code 49892 is lower than average in the state of Michigan overall. The median monthly rent of $612 in ZIP Code 49892 is approximately 30% lower than the Michigan median of $871. Additionally, median rent in this Vulcan, MI region ($612) is about 42% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 49892?

High-priced rentals are not common in the Vulcan, MI ZIP Code of 49892, 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 49892?

Affordable rentals are more common in ZIP Code 49892 than in Michigan overall. The percentage of housing rentals in ZIP Code 49892 costing $999 or less per month (95%) is approximately 47% 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 108% lower than the previously mentioned 49892 rate of 95%.
5

What is the most common cost range that rentals fall into in ZIP Code 49892?

The most common range for rental cost in ZIP Code 49892 is between $500 and $999 per month. About 68.3% of renters in 49892 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 49892 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 49892 is higher than the rental vacancy rate in the state of Michigan overall. Rental vacancy of 8.4% in ZIP Code 49892 is about 65% higher than the Michigan rate of 5.1%. Looking more broadly, rental vacancy in this Vulcan, MI region (8.4%) is an estimated 40% 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 49892? How does it compare to other Michigan regions?

Median household income in ZIP Code 49892 is higher than in the state of Michigan overall. Annual household income of $63,147 in ZIP Code 49892 is about 11% higher than the Michigan median of $57,144. Additionally, median household income in this Vulcan, MI region ($63,147) is approximately 0% 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 49892 spend on housing costs?

Renters in ZIP Code 49892 spend a lower amount of their income on rent costs than do renters in Michigan overall. Renters in ZIP Code 49892 spend an estimated 24.43% 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 49892 estimated rate of 24.43%.
9

Do renters in ZIP Code 49892 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 49892 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 49892 spending 30 percent or more of their income on rent costs (30%) is approximately 39% 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 40% higher than the aforementioned 49892 rate of 30%.
10

What is the average household size of renter-occupied units in ZIP Code 49892?

The average household size of renter-occupied units in ZIP Code 49892 is higher than in the state of Michigan overall. Annual household size of 2.83 in ZIP Code 49892 is about 25% higher than the Michigan median of 2.26. Additionally, median household size in this Vulcan, MI region (2.83) is approximately 14% higher than median household size of 2.49 in the U.S. as a whole.

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