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Rental Insights for ZIP Code 54921 (Bancroft, WI)

Housing Rentals in ZIP Code 54921 (Bancroft, WI)

54921 ZIP Code in Wisconsin

A Deep Analysis of Housing Rentals in the ZIP Code 54921

The 54921 ZIP Code is principally located in Bancroft, WI in Portage County. This Wisconsin region has an estimated median housing rent of $709 per month. About 9.6% of housing units in this Portage County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 54921 of $709 per month is 17% lower than the aggregate Wisconsin median monthly rent of $856, and is 33% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 62.5% of residents in ZIP Code 54921 pay between $500 and $999 per month for rent. That is 9% higher than in Wisconsin overall, in which 57.3% of total state residents pay between $500 and $999 per month for housing. Just 15.6% of renters in ZIP Code 54921 pay between $1,000 and $1,499 per month for housing.

ZIP Code 54921 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 54921

See the chart below for a comparison of monthly rental costs in ZIP Code 54921, Wisconsin, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 54921 along with those in the state of Wisconsin and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 54921

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

Cost ZIP 54921 Wisconsin U.S.
Less than $500 21.9% 10.2% 9.4%
$500 to $999 62.5% 57.3% 36.2%
$1,000 to $1,499 15.6% 25.3% 30.0%
$1,500 to $1,999 0.0% 5.2% 14.0%
$2,000 to $2,499 0.0% 1.2% 5.6%
$2,500 to $2,999 0.0% 0.4% 2.4%
$3,000 or more 0.0% 0.4% 2.4%

Rent Cost vs. Income in ZIP Code 54921

Renters in ZIP Code 54921 use an estimated 19.53% of their income to cover their monthly rent payments. That is about 31% lower than in Wisconsin overall. The estimate for Wisconsin overall is 28.24% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 54921 renters use about 35% less of their income to cover rent expense. Household income figures for ZIP Code 54921 come in lower than in Wisconsin as a whole. The median annual household income in ZIP Code 54921 of $52,188 sits approximately 15% lower than the overall Wisconsin median income of $61,747 and approximately 17% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 54921

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 54921, Wisconsin, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 54921 along with the same calculations in the state of Wisconsin 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 54921

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

Rent Cost as % of Income ZIP 54921 Wisconsin U.S.
Less than 15.0 percent 37.5% 16.3% 13.1%
15.0 to 19.9 percent 28.1% 14.8% 12.9%
20.0 to 24.9 percent 18.8% 13.5% 12.9%
25.0 to 29.9 percent 0.0% 11.4% 11.6%
30.0 to 34.9 percent 0.0% 8.5% 9.1%
35.0 percent or more 15.6% 35.5% 40.5%

Household Income in ZIP Code 54921

See the table below for the regional comparison of annual household income in ZIP Code 54921.

Income ZIP 54921 Wisconsin U.S.
Less than $10,000 3.8% 4.7% 6.0%
$10,000 to $14,999 5.1% 4.3% 4.3%
$15,000 to $24,999 10.7% 9.0% 8.9%
$25,000 to $34,999 6.5% 9.4% 8.9%
$35,000 to $49,999 18.3% 13.3% 12.3%
$50,000 to $74,999 25.1% 18.8% 17.2%
$75,000 to $99,999 9.4% 14.2% 12.7%
$100,000 to $149,999 11.2% 15.8% 15.1%
$150,000 to $199,999 5.4% 5.7% 6.8%
$200,000 or more 4.5% 4.9% 7.7%

Household Income in ZIP Code 54921

See the chart below for a comparison of annual household income figures in ZIP Code 54921, Wisconsin, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 54921 alongside the same figures for the state of Wisconsin and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 54921

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 54921.

ZIP 54921 Wisconsin U.S.
Median Housing Rent $709 $856 $1,062
Renter-Occupied Housing Units 9.6% 33.0% 36.0%
Rental Vacancy Rate 0.0% 4.9% 6.0%
Average Size of Renter-Occupied Unit 2.49 2.15 2.49
Average # of Bedrooms Per Unit 2.85 2.72 2.75
Percent of Income Spent on Rent 19.53% 28.24% 29.83%
Per Capita Income $29,591 $33,375 $34,103
Median Household Income $70,320 $80,674 $88,607
Living Below the Poverty Line 3.4% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 54921

In ZIP Code 54921 (Bancroft, WI), and estimated 9.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 54921 is estimated at $29,591, which goes along with an estimated median household income of $70,320. About 3.4% of residents in this Portage County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.49 occupants, while the units have an aggregate average size of 2.85 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 19.53% of their income on housing rental costs.

Rental FAQs for ZIP Code 54921

1

What is the median monthly rent in ZIP Code 54921?

Median rent for housing in ZIP Code 54921 in Portage County in Wisconsin is approximately $709 per month.
2

Is it expensive to rent in ZIP Code 54921?

Rent in ZIP Code 54921 is lower than average in the state of Wisconsin overall. The median monthly rent of $709 in ZIP Code 54921 is approximately 17% lower than the Wisconsin median of $856. Additionally, median rent in this Bancroft, WI region ($709) is about 33% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 54921?

High-priced rentals are not common in the Bancroft, WI ZIP Code of 54921, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Wisconsin overall, approximately 0.4% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 54921?

Affordable rentals are more common in ZIP Code 54921 than in Wisconsin overall. The percentage of housing rentals in ZIP Code 54921 costing $999 or less per month (84.4%) is approximately 25% higher than the Wisconsin rate of 67.5% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 85% lower than the previously mentioned 54921 rate of 84.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 54921?

The most common range for rental cost in ZIP Code 54921 is between $500 and $999 per month. About 62.5% of renters in 54921 pay in this range for monthly rent. In comparison, approximately 57.3% of renters in the state of Wisconsin fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 54921 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 54921 is lower than the rental vacancy rate in the state of Wisconsin overall. Rental vacancy of 0.0% in ZIP Code 54921 is about 100% lower than the Wisconsin rate of 4.9%. Looking more broadly, rental vacancy in this Bancroft, WI 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 54921? How does it compare to other Wisconsin regions?

Median household income in ZIP Code 54921 is lower than in the state of Wisconsin overall. Annual household income of $52,188 in ZIP Code 54921 is about 15% lower than the Wisconsin median of $61,747. Additionally, median household income in this Bancroft, WI region ($52,188) is approximately 17% 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 54921 spend on housing costs?

Renters in ZIP Code 54921 spend a lower amount of their income on rent costs than do renters in Wisconsin overall. Renters in ZIP Code 54921 spend an estimated 19.53% of their income on rent payments, which is about 31% lower than the overall Wisconsin estimated rate of 28.24%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 35% higher than the ZIP Code 54921 estimated rate of 19.53%.
9

Do renters in ZIP Code 54921 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 54921 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 54921 spending 30 percent or more of their income on rent costs (15.6%) is approximately 65% lower than the Wisconsin rate of 44% 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 69% higher than the aforementioned 54921 rate of 15.6%.
10

What is the average household size of renter-occupied units in ZIP Code 54921?

The average household size of renter-occupied units in ZIP Code 54921 is higher than in the state of Wisconsin overall. Annual household size of 2.49 in ZIP Code 54921 is about 16% higher than the Wisconsin median of 2.15. Additionally, median household size in this Bancroft, WI region (2.49) is approximately 0% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Wisconsin ZIP Codes