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Rental Insights for ZIP Code 49896 (Wilson, MI)

Housing Rentals in ZIP Code 49896 (Wilson, MI)

49896 ZIP Code in Michigan

Learn About Housing Rentals in the ZIP Code 49896

ZIP Code 49896 is primarily located in Wilson, MI in Menominee County. The median housing rent in this region or Michigan is estimated at $466 per month. About 27.4% of all housing units in this Menominee County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 3.5%.

The median rent in ZIP Code 49896 of $466 per month is 46% lower than the aggregate Michigan median monthly rent of $871, and is 56% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 49896, about 54.7% of renters pay less than $500 per month for housing. That is 360% higher than in Michigan overall, in which 11.9% of total state residents pay less than $500 per month for housing. Only 0.6% of renters in this Wilson, MI region pay between $1,500 and $1,999 per month for rent.

ZIP Code 49896 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 49896

See the chart below for a comparison of monthly rental costs in ZIP Code 49896, Michigan, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 49896 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 49896

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

Cost ZIP 49896 Michigan U.S.
Less than $500 54.7% 11.9% 9.4%
$500 to $999 39.6% 52.7% 36.2%
$1,000 to $1,499 5.0% 26.6% 30.0%
$1,500 to $1,999 0.6% 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 49896

Renters in ZIP Code 49896 use an estimated 21.14% of their income to cover their monthly rent payments. That is about 28% 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 49896 renters use about 29% less of their income to cover rent expense. Household income figures for ZIP Code 49896 come in lower than in Michigan as a whole. The median annual household income in ZIP Code 49896 of $52,895 sits approximately 7% lower than the overall Michigan median income of $57,144 and approximately 16% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 49896

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 49896, 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 49896 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 49896

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

Rent Cost as % of Income ZIP 49896 Michigan U.S.
Less than 15.0 percent 47.8% 13.9% 13.1%
15.0 to 19.9 percent 10.1% 13.1% 12.9%
20.0 to 24.9 percent 5.7% 12.7% 12.9%
25.0 to 29.9 percent 9.4% 11.5% 11.6%
30.0 to 34.9 percent 7.5% 8.8% 9.1%
35.0 percent or more 19.5% 40.0% 40.5%

Household Income in ZIP Code 49896

See the table below for the regional comparison of annual household income in ZIP Code 49896.

Income ZIP 49896 Michigan U.S.
Less than $10,000 6.3% 6.6% 6.0%
$10,000 to $14,999 5.5% 4.4% 4.3%
$15,000 to $24,999 6.6% 9.6% 8.9%
$25,000 to $34,999 14.3% 9.8% 8.9%
$35,000 to $49,999 14.1% 13.5% 12.3%
$50,000 to $74,999 24.6% 18.3% 17.2%
$75,000 to $99,999 9.1% 12.7% 12.7%
$100,000 to $149,999 14.1% 14.2% 15.1%
$150,000 to $199,999 3.0% 5.6% 6.8%
$200,000 or more 2.3% 5.2% 7.7%

Household Income in ZIP Code 49896

See the chart below for a comparison of annual household income figures in ZIP Code 49896, Michigan, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 49896 alongside the same figures for the state of Michigan and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 49896

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 49896.

ZIP 49896 Michigan U.S.
Median Housing Rent $466 $871 $1,062
Renter-Occupied Housing Units 27.4% 28.8% 36.0%
Rental Vacancy Rate 3.5% 5.1% 6.0%
Average Size of Renter-Occupied Unit 3.22 2.26 2.49
Average # of Bedrooms Per Unit 2.95 2.79 2.75
Percent of Income Spent on Rent 21.14% 29.56% 29.83%
Per Capita Income $23,895 $31,713 $34,103
Median Household Income $68,094 $78,400 $88,607
Living Below the Poverty Line 15.4% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 49896

In ZIP Code 49896 (Wilson, MI), and estimated 27.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.5%.

The per capita income in 49896 is estimated at $23,895, which goes along with an estimated median household income of $68,094. About 15.4% of residents in this Menominee County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.22 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 21.14% of their income on housing rental costs.

Rental FAQs for ZIP Code 49896

1

What is the median monthly rent in ZIP Code 49896?

Median rent for housing in ZIP Code 49896 in Menominee County in Michigan is approximately $466 per month.
2

Is it expensive to rent in ZIP Code 49896?

Rent in ZIP Code 49896 is lower than average in the state of Michigan overall. The median monthly rent of $466 in ZIP Code 49896 is approximately 46% lower than the Michigan median of $871. Additionally, median rent in this Wilson, MI region ($466) is about 56% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 49896?

High-priced rentals are not common in the Wilson, MI ZIP Code of 49896, 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 49896?

Affordable rentals are more common in ZIP Code 49896 than in Michigan overall. The percentage of housing rentals in ZIP Code 49896 costing $999 or less per month (94.3%) is approximately 46% 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 107% lower than the previously mentioned 49896 rate of 94.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 49896?

The most common range for rental cost in ZIP Code 49896 is less than $500 per month. About 54.7% of renters in 49896 pay in this range for monthly rent. In comparison, approximately 11.9% of renters in the state of Michigan fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 49896 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 49896 is lower than the rental vacancy rate in the state of Michigan overall. Rental vacancy of 3.5% in ZIP Code 49896 is about 31% lower than the Michigan rate of 5.1%. Looking more broadly, rental vacancy in this Wilson, MI region (3.5%) is an estimated 42% 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 49896? How does it compare to other Michigan regions?

Median household income in ZIP Code 49896 is lower than in the state of Michigan overall. Annual household income of $52,895 in ZIP Code 49896 is about 7% lower than the Michigan median of $57,144. Additionally, median household income in this Wilson, MI region ($52,895) is approximately 16% 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 49896 spend on housing costs?

Renters in ZIP Code 49896 spend a lower amount of their income on rent costs than do renters in Michigan overall. Renters in ZIP Code 49896 spend an estimated 21.14% of their income on rent payments, which is about 28% 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 29% higher than the ZIP Code 49896 estimated rate of 21.14%.
9

Do renters in ZIP Code 49896 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 49896 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 49896 spending 30 percent or more of their income on rent costs (27%) is approximately 45% 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 46% higher than the aforementioned 49896 rate of 27%.
10

What is the average household size of renter-occupied units in ZIP Code 49896?

The average household size of renter-occupied units in ZIP Code 49896 is higher than in the state of Michigan overall. Annual household size of 3.22 in ZIP Code 49896 is about 42% higher than the Michigan median of 2.26. Additionally, median household size in this Wilson, MI region (3.22) is approximately 29% higher than median household size of 2.49 in the U.S. as a whole.

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