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Rental Insights for ZIP Code 63501 (Kirksville, MO)

Housing Rentals in ZIP Code 63501 (Kirksville, MO)

63501 ZIP Code in Missouri

A Detailed Housing Rental Snapshot of the ZIP Code 63501

ZIP Code 63501 is principally located in Kirksville, MO in Adair County. The estimated median housing rent in this Missouri region is $645 per month. About 45.0% of total housing units in this Adair County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 6.0%.

The median rent in ZIP Code 63501 of $645 per month is 22% lower than the aggregate Missouri median monthly rent of $830, and is 39% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 61.5% of residents in ZIP Code 63501 pay between $500 and $999 per month for rent. That is 10% higher than in Missouri overall, in which 56.1% of total state residents pay between $500 and $999 per month for housing. Just 0.9% of ZIP Code 63501 renters pay between $2,500 and $2,999 for monthly rent.

ZIP Code 63501 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 63501

See the chart below for a comparison of monthly rental costs in ZIP Code 63501, Missouri, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 63501 along with those in the state of Missouri and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 63501

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

Cost ZIP 63501 Missouri U.S.
Less than $500 23.4% 12.8% 9.4%
$500 to $999 61.5% 56.1% 36.2%
$1,000 to $1,499 12.3% 24.7% 30.0%
$1,500 to $1,999 1.9% 4.4% 14.0%
$2,000 to $2,499 0.0% 1.2% 5.6%
$2,500 to $2,999 0.9% 0.3% 2.4%
$3,000 or more 0.0% 0.4% 2.4%

Rent Cost vs. Income in ZIP Code 63501

Renters in ZIP Code 63501 use an estimated 31.85% of their income to cover their monthly rent payments. That is about 12% higher than in Missouri overall. The estimate for Missouri overall is 28.54% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 63501 renters use about 7% more of their income to cover rent expense. Household income figures for ZIP Code 63501 come in lower than in Missouri as a whole. The median annual household income in ZIP Code 63501 of $40,333 sits approximately 27% lower than the overall Missouri median income of $55,461 and approximately 36% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 63501

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 63501, Missouri, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 63501 along with the same calculations in the state of Missouri 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 63501

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

Rent Cost as % of Income ZIP 63501 Missouri U.S.
Less than 15.0 percent 11.9% 15.4% 13.1%
15.0 to 19.9 percent 8.2% 14.7% 12.9%
20.0 to 24.9 percent 9.1% 13.3% 12.9%
25.0 to 29.9 percent 13.1% 11.5% 11.6%
30.0 to 34.9 percent 9.1% 8.5% 9.1%
35.0 percent or more 48.5% 36.5% 40.5%

Household Income in ZIP Code 63501

See the table below for the regional comparison of annual household income in ZIP Code 63501.

Income ZIP 63501 Missouri U.S.
Less than $10,000 15.1% 6.2% 6.0%
$10,000 to $14,999 8.4% 4.6% 4.3%
$15,000 to $24,999 13.6% 10.1% 8.9%
$25,000 to $34,999 9.2% 10.2% 8.9%
$35,000 to $49,999 13.6% 14.0% 12.3%
$50,000 to $74,999 14.2% 18.5% 17.2%
$75,000 to $99,999 9.7% 12.7% 12.7%
$100,000 to $149,999 10.0% 13.6% 15.1%
$150,000 to $199,999 4.0% 5.1% 6.8%
$200,000 or more 2.1% 4.8% 7.7%

Household Income in ZIP Code 63501

See the chart below for a comparison of annual household income figures in ZIP Code 63501, Missouri, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 63501 alongside the same figures for the state of Missouri and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 63501

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 63501.

ZIP 63501 Missouri U.S.
Median Housing Rent $645 $830 $1,062
Renter-Occupied Housing Units 45.0% 33.2% 36.0%
Rental Vacancy Rate 6.0% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.27 2.25 2.49
Average # of Bedrooms Per Unit 2.57 2.77 2.75
Percent of Income Spent on Rent 31.85% 28.54% 29.83%
Per Capita Income $23,187 $30,810 $34,103
Median Household Income $59,013 $76,060 $88,607
Living Below the Poverty Line 8.7% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 63501

In ZIP Code 63501 (Kirksville, MO), and estimated 45.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.0%.

The per capita income in 63501 is estimated at $23,187, which goes along with an estimated median household income of $59,013. About 8.7% of residents in this Adair County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.27 occupants, while the units have an aggregate average size of 2.57 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.85% of their income on housing rental costs.

Rental FAQs for ZIP Code 63501

1

What is the median monthly rent in ZIP Code 63501?

Median rent for housing in ZIP Code 63501 in Adair County in Missouri is approximately $645 per month.
2

Is it expensive to rent in ZIP Code 63501?

Rent in ZIP Code 63501 is lower than average in the state of Missouri overall. The median monthly rent of $645 in ZIP Code 63501 is approximately 22% lower than the Missouri median of $830. Additionally, median rent in this Kirksville, MO region ($645) is about 39% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 63501?

High-priced rentals are not common in the Kirksville, MO ZIP Code of 63501, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Missouri 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 63501?

Affordable rentals are more common in ZIP Code 63501 than in Missouri overall. The percentage of housing rentals in ZIP Code 63501 costing $999 or less per month (84.9%) is approximately 23% higher than the Missouri rate of 68.9% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 86% lower than the previously mentioned 63501 rate of 84.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 63501?

The most common range for rental cost in ZIP Code 63501 is between $500 and $999 per month. About 61.5% of renters in 63501 pay in this range for monthly rent. In comparison, approximately 56.1% of renters in the state of Missouri fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 63501 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 63501 is lower than the rental vacancy rate in the state of Missouri overall. Rental vacancy of 6.0% in ZIP Code 63501 is about 5% lower than the Missouri rate of 6.3%. Looking more broadly, rental vacancy in this Kirksville, MO region (6.0%) is an estimated 0% 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 63501? How does it compare to other Missouri regions?

Median household income in ZIP Code 63501 is lower than in the state of Missouri overall. Annual household income of $40,333 in ZIP Code 63501 is about 27% lower than the Missouri median of $55,461. Additionally, median household income in this Kirksville, MO region ($40,333) is approximately 36% 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 63501 spend on housing costs?

Renters in ZIP Code 63501 spend a higher amount of their income on rent costs than do renters in Missouri overall. Renters in ZIP Code 63501 spend an estimated 31.85% of their income on rent payments, which is about 12% higher than the overall Missouri estimated rate of 28.54%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 7% lower than the ZIP Code 63501 estimated rate of 31.85%.
9

Do renters in ZIP Code 63501 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 63501 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 63501 spending 30 percent or more of their income on rent costs (57.6%) is approximately 28% higher than the Missouri rate of 45% 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 16% lower than the aforementioned 63501 rate of 57.6%.
10

What is the average household size of renter-occupied units in ZIP Code 63501?

The average household size of renter-occupied units in ZIP Code 63501 is higher than in the state of Missouri overall. Annual household size of 2.27 in ZIP Code 63501 is about 1% higher than the Missouri median of 2.25. Additionally, median household size in this Kirksville, MO region (2.27) is approximately 9% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Missouri ZIP Codes