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Rental Insights for ZIP Code 62418 (Brownstown, IL)

Housing Rentals in ZIP Code 62418 (Brownstown, IL)

62418 ZIP Code in Illinois

A Detailed Housing Rental Snapshot of the ZIP Code 62418

ZIP Code 62418 is principally located in Brownstown, IL in Fayette County. This Illinois region has a median housing rent payment of $585 per month. About 23.6% of housing units in the region are renter-occupied, and this Fayette County ZIP Code has an approximate rental vacancy rate of 13.3%.

The median rent in ZIP Code 62418 of $585 per month is 42% lower than the aggregate Illinois median monthly rent of $1,010, and is 45% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 68.8% of renters in ZIP Code 62418 pay between $500 and $999 per month for housing. That is 77% higher than in Illinois overall, in which 38.8% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 62418 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 62418

See the chart below for a comparison of monthly rental costs in ZIP Code 62418, Illinois, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 62418 along with those in the state of Illinois and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 62418

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

Cost ZIP 62418 Illinois U.S.
Less than $500 29.6% 10.4% 9.4%
$500 to $999 68.8% 38.8% 36.2%
$1,000 to $1,499 1.6% 30.1% 30.0%
$1,500 to $1,999 0.0% 12.8% 14.0%
$2,000 to $2,499 0.0% 4.7% 5.6%
$2,500 to $2,999 0.0% 1.8% 2.4%
$3,000 or more 0.0% 1.4% 2.4%

Rent Cost vs. Income in ZIP Code 62418

Renters in ZIP Code 62418 use an estimated 23.68% of their income to cover their monthly rent payments. That is about 19% lower than in Illinois overall. The estimate for Illinois overall is 29.36% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 62418 renters use about 21% less of their income to cover rent expense. Household income figures for ZIP Code 62418 come in lower than in Illinois as a whole. The median annual household income in ZIP Code 62418 of $48,594 sits approximately 26% lower than the overall Illinois median income of $65,886 and approximately 23% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 62418

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 62418, Illinois, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 62418 along with the same calculations in the state of Illinois 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 62418

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

Rent Cost as % of Income ZIP 62418 Illinois U.S.
Less than 15.0 percent 38.6% 14.1% 13.1%
15.0 to 19.9 percent 8.7% 13.6% 12.9%
20.0 to 24.9 percent 12.0% 13.1% 12.9%
25.0 to 29.9 percent 10.9% 11.2% 11.6%
30.0 to 34.9 percent 1.1% 8.6% 9.1%
35.0 percent or more 28.8% 39.4% 40.5%

Household Income in ZIP Code 62418

See the table below for the regional comparison of annual household income in ZIP Code 62418.

Income ZIP 62418 Illinois U.S.
Less than $10,000 1.2% 6.3% 6.0%
$10,000 to $14,999 3.7% 3.8% 4.3%
$15,000 to $24,999 14.6% 8.6% 8.9%
$25,000 to $34,999 16.7% 8.4% 8.9%
$35,000 to $49,999 14.3% 11.6% 12.3%
$50,000 to $74,999 19.7% 16.7% 17.2%
$75,000 to $99,999 11.7% 12.8% 12.7%
$100,000 to $149,999 10.7% 16.1% 15.1%
$150,000 to $199,999 4.1% 7.4% 6.8%
$200,000 or more 3.2% 8.3% 7.7%

Household Income in ZIP Code 62418

See the chart below for a comparison of annual household income figures in ZIP Code 62418, Illinois, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 62418 alongside the same figures for the state of Illinois and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 62418

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 62418.

ZIP 62418 Illinois U.S.
Median Housing Rent $585 $1,010 $1,062
Renter-Occupied Housing Units 23.6% 33.9% 36.0%
Rental Vacancy Rate 13.3% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.92 2.35 2.49
Average # of Bedrooms Per Unit 2.61 2.7 2.75
Percent of Income Spent on Rent 23.68% 29.36% 29.83%
Per Capita Income $27,891 $36,038 $34,103
Median Household Income $71,046 $92,395 $88,607
Living Below the Poverty Line 9.2% 8.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 62418

In ZIP Code 62418 (Brownstown, IL), and estimated 23.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 13.3%.

The per capita income in 62418 is estimated at $27,891, which goes along with an estimated median household income of $71,046. About 9.2% of residents in this Fayette County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.92 occupants, while the units have an aggregate average size of 2.61 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.68% of their income on housing rental costs.

Rental FAQs for ZIP Code 62418

1

What is the median monthly rent in ZIP Code 62418?

Median rent for housing in ZIP Code 62418 in Fayette County in Illinois is approximately $585 per month.
2

Is it expensive to rent in ZIP Code 62418?

Rent in ZIP Code 62418 is lower than average in the state of Illinois overall. The median monthly rent of $585 in ZIP Code 62418 is approximately 42% lower than the Illinois median of $1,010. Additionally, median rent in this Brownstown, IL region ($585) is about 45% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 62418?

High-priced rentals are not common in the Brownstown, IL ZIP Code of 62418, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Illinois overall, approximately 1.4% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 62418?

Affordable rentals are more common in ZIP Code 62418 than in Illinois overall. The percentage of housing rentals in ZIP Code 62418 costing $999 or less per month (98.4%) is approximately 100% higher than the Illinois rate of 49.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 116% lower than the previously mentioned 62418 rate of 98.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 62418?

The most common range for rental cost in ZIP Code 62418 is between $500 and $999 per month. About 68.8% of renters in 62418 pay in this range for monthly rent. In comparison, approximately 38.8% of renters in the state of Illinois fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 62418 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 62418 is higher than the rental vacancy rate in the state of Illinois overall. Rental vacancy of 13.3% in ZIP Code 62418 is about 115% higher than the Illinois rate of 6.2%. Looking more broadly, rental vacancy in this Brownstown, IL region (13.3%) is an estimated 122% 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 62418? How does it compare to other Illinois regions?

Median household income in ZIP Code 62418 is lower than in the state of Illinois overall. Annual household income of $48,594 in ZIP Code 62418 is about 26% lower than the Illinois median of $65,886. Additionally, median household income in this Brownstown, IL region ($48,594) is approximately 23% 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 62418 spend on housing costs?

Renters in ZIP Code 62418 spend a lower amount of their income on rent costs than do renters in Illinois overall. Renters in ZIP Code 62418 spend an estimated 23.68% of their income on rent payments, which is about 19% lower than the overall Illinois estimated rate of 29.36%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 21% higher than the ZIP Code 62418 estimated rate of 23.68%.
9

Do renters in ZIP Code 62418 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 62418 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 62418 spending 30 percent or more of their income on rent costs (29.9%) is approximately 38% lower than the Illinois rate of 48% 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 62418 rate of 29.9%.
10

What is the average household size of renter-occupied units in ZIP Code 62418?

The average household size of renter-occupied units in ZIP Code 62418 is higher than in the state of Illinois overall. Annual household size of 2.92 in ZIP Code 62418 is about 24% higher than the Illinois median of 2.35. Additionally, median household size in this Brownstown, IL region (2.92) is approximately 17% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Illinois ZIP Codes