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Rental Insights for ZIP Code 62549 (Mt Zion, IL)

Housing Rentals in ZIP Code 62549 (Mt Zion, IL)

62549 ZIP Code in Illinois

A Detailed Housing Rental Snapshot of the ZIP Code 62549

ZIP Code 62549 is principally located in Mt Zion, IL in Macon County. This Illinois region has a median housing rent payment of $662 per month. About 21.9% of total housing units in this Macon County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 10.0%.

The median rent in ZIP Code 62549 of $662 per month is 34% lower than the aggregate Illinois median monthly rent of $1,010, and is 38% lower than the $1,062 the median monthly rent in the U.S. overall. About 42.5% of residents in ZIP Code 62549 pay between $500 and $999 per month for rent. That is 10% higher than in Illinois overall, in which 38.8% of total state residents pay between $500 and $999 per month for housing. Just 4.8% of ZIP Code 62549 renters pay $3,000 or more for monthly rent.

ZIP Code 62549 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 62549

See the chart below for a comparison of monthly rental costs in ZIP Code 62549, Illinois, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 62549 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 62549

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

Cost ZIP 62549 Illinois U.S.
Less than $500 18.1% 10.4% 9.4%
$500 to $999 42.5% 38.8% 36.2%
$1,000 to $1,499 22.3% 30.1% 30.0%
$1,500 to $1,999 12.2% 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 4.8% 1.4% 2.4%

Rent Cost vs. Income in ZIP Code 62549

Renters in ZIP Code 62549 use an estimated 26.07% of their income to cover their monthly rent payments. That is about 11% 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 62549 renters use about 13% less of their income to cover rent expense. Household income figures for ZIP Code 62549 come in higher than in Illinois as a whole. The median annual household income in ZIP Code 62549 of $80,156 sits approximately 22% higher than the overall Illinois median income of $65,886 and approximately 28% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 62549

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 62549, 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 62549 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 62549

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

Rent Cost as % of Income ZIP 62549 Illinois U.S.
Less than 15.0 percent 18.7% 14.1% 13.1%
15.0 to 19.9 percent 13.1% 13.6% 12.9%
20.0 to 24.9 percent 24.0% 13.1% 12.9%
25.0 to 29.9 percent 10.1% 11.2% 11.6%
30.0 to 34.9 percent 7.6% 8.6% 9.1%
35.0 percent or more 26.5% 39.4% 40.5%

Household Income in ZIP Code 62549

See the table below for the regional comparison of annual household income in ZIP Code 62549.

Income ZIP 62549 Illinois U.S.
Less than $10,000 1.6% 6.3% 6.0%
$10,000 to $14,999 3.9% 3.8% 4.3%
$15,000 to $24,999 8.3% 8.6% 8.9%
$25,000 to $34,999 5.7% 8.4% 8.9%
$35,000 to $49,999 9.6% 11.6% 12.3%
$50,000 to $74,999 18.4% 16.7% 17.2%
$75,000 to $99,999 14.8% 12.8% 12.7%
$100,000 to $149,999 21.3% 16.1% 15.1%
$150,000 to $199,999 7.1% 7.4% 6.8%
$200,000 or more 9.3% 8.3% 7.7%

Household Income in ZIP Code 62549

See the chart below for a comparison of annual household income figures in ZIP Code 62549, Illinois, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 62549 alongside the same figures for the state of Illinois and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 62549

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 62549.

ZIP 62549 Illinois U.S.
Median Housing Rent $662 $1,010 $1,062
Renter-Occupied Housing Units 21.9% 33.9% 36.0%
Rental Vacancy Rate 10.0% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.15 2.35 2.49
Average # of Bedrooms Per Unit 3.07 2.7 2.75
Percent of Income Spent on Rent 26.07% 29.36% 29.83%
Per Capita Income $34,130 $36,038 $34,103
Median Household Income $95,500 $92,395 $88,607
Living Below the Poverty Line 4.0% 8.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 62549

In ZIP Code 62549 (Mt Zion, IL), and estimated 21.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 10.0%.

The per capita income in 62549 is estimated at $34,130, which goes along with an estimated median household income of $95,500. About 4.0% of residents in this Macon County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.15 occupants, while the units have an aggregate average size of 3.07 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.07% of their income on housing rental costs.

Rental FAQs for ZIP Code 62549

1

What is the median monthly rent in ZIP Code 62549?

Median rent for housing in ZIP Code 62549 in Macon County in Illinois is approximately $662 per month.
2

Is it expensive to rent in ZIP Code 62549?

Rent in ZIP Code 62549 is lower than average in the state of Illinois overall. The median monthly rent of $662 in ZIP Code 62549 is approximately 34% lower than the Illinois median of $1,010. Additionally, median rent in this Mt Zion, IL region ($662) is about 38% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 62549?

High-priced rentals are more common in ZIP Code 62549 than in Illinois overall. The percentage of rentals in ZIP Code 62549 that cost $3,000 or more per month (4.8%) is about 243% higher than the Illinois rate of 1.4% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 100% lower than the aforementioned 62549 rate of 4.8%.
4

Are affordable rentals common in ZIP Code 62549?

Affordable rentals are more common in ZIP Code 62549 than in Illinois overall. The percentage of housing rentals in ZIP Code 62549 costing $999 or less per month (60.6%) is approximately 23% 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 33% lower than the previously mentioned 62549 rate of 60.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 62549?

The most common range for rental cost in ZIP Code 62549 is between $500 and $999 per month. About 42.5% of renters in 62549 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 62549 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 62549 is higher than the rental vacancy rate in the state of Illinois overall. Rental vacancy of 10.0% in ZIP Code 62549 is about 61% higher than the Illinois rate of 6.2%. Looking more broadly, rental vacancy in this Mt Zion, IL region (10.0%) is an estimated 67% 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 62549? How does it compare to other Illinois regions?

Median household income in ZIP Code 62549 is higher than in the state of Illinois overall. Annual household income of $80,156 in ZIP Code 62549 is about 22% higher than the Illinois median of $65,886. Additionally, median household income in this Mt Zion, IL region ($80,156) is approximately 28% 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 62549 spend on housing costs?

Renters in ZIP Code 62549 spend a lower amount of their income on rent costs than do renters in Illinois overall. Renters in ZIP Code 62549 spend an estimated 26.07% of their income on rent payments, which is about 11% 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 13% higher than the ZIP Code 62549 estimated rate of 26.07%.
9

Do renters in ZIP Code 62549 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 62549 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 62549 spending 30 percent or more of their income on rent costs (34.1%) is approximately 29% 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 31% higher than the aforementioned 62549 rate of 34.1%.
10

What is the average household size of renter-occupied units in ZIP Code 62549?

The average household size of renter-occupied units in ZIP Code 62549 is lower than in the state of Illinois overall. Annual household size of 2.15 in ZIP Code 62549 is about 9% lower than the Illinois median of 2.35. Additionally, median household size in this Mt Zion, IL region (2.15) is approximately 14% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Illinois ZIP Codes