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Rental Insights for ZIP Code 63940 (Fisk, MO)

Housing Rentals in ZIP Code 63940 (Fisk, MO)

63940 ZIP Code in Missouri

A Detailed Housing Rental Snapshot of the ZIP Code 63940

ZIP Code 63940 is principally located in Fisk, MO in Butler County. The estimated median housing rent in this Missouri region is $578 per month. About 18.0% of housing units in this Butler County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of 4.4%.

The median rent in ZIP Code 63940 of $578 per month is 30% lower than the aggregate Missouri median monthly rent of $830, and is 46% lower than the $1,062 the median monthly rent in the U.S. overall. About 49.4% of residents in ZIP Code 63940 pay between $500 and $999 per month for rent. That is 12% lower than in Missouri overall, in which 56.1% of total state residents pay between $500 and $999 per month for housing. Just 16.5% of renters in ZIP Code 63940 pay between $1,000 and $1,499 per month for housing.

ZIP Code 63940 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 63940

See the chart below for a comparison of monthly rental costs in ZIP Code 63940, Missouri, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 63940 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 63940

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

Cost ZIP 63940 Missouri U.S.
Less than $500 34.2% 12.8% 9.4%
$500 to $999 49.4% 56.1% 36.2%
$1,000 to $1,499 16.5% 24.7% 30.0%
$1,500 to $1,999 0.0% 4.4% 14.0%
$2,000 to $2,499 0.0% 1.2% 5.6%
$2,500 to $2,999 0.0% 0.3% 2.4%
$3,000 or more 0.0% 0.4% 2.4%

Rent Cost vs. Income in ZIP Code 63940

Renters in ZIP Code 63940 use an estimated 29.76% of their income to cover their monthly rent payments. That is about 4% 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 63940 renters use about 0% less of their income to cover rent expense. Household income figures for ZIP Code 63940 come in lower than in Missouri as a whole. The median annual household income in ZIP Code 63940 of $51,328 sits approximately 7% lower than the overall Missouri median income of $55,461 and approximately 18% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 63940

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 63940, 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 63940 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 63940

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

Rent Cost as % of Income ZIP 63940 Missouri U.S.
Less than 15.0 percent 21.5% 15.4% 13.1%
15.0 to 19.9 percent 0.0% 14.7% 12.9%
20.0 to 24.9 percent 6.3% 13.3% 12.9%
25.0 to 29.9 percent 21.5% 11.5% 11.6%
30.0 to 34.9 percent 12.7% 8.5% 9.1%
35.0 percent or more 38.0% 36.5% 40.5%

Household Income in ZIP Code 63940

See the table below for the regional comparison of annual household income in ZIP Code 63940.

Income ZIP 63940 Missouri U.S.
Less than $10,000 10.2% 6.2% 6.0%
$10,000 to $14,999 11.2% 4.6% 4.3%
$15,000 to $24,999 7.9% 10.1% 8.9%
$25,000 to $34,999 9.1% 10.2% 8.9%
$35,000 to $49,999 10.1% 14.0% 12.3%
$50,000 to $74,999 17.9% 18.5% 17.2%
$75,000 to $99,999 20.8% 12.7% 12.7%
$100,000 to $149,999 4.8% 13.6% 15.1%
$150,000 to $199,999 2.5% 5.1% 6.8%
$200,000 or more 5.5% 4.8% 7.7%

Household Income in ZIP Code 63940

See the chart below for a comparison of annual household income figures in ZIP Code 63940, Missouri, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 63940 alongside the same figures for the state of Missouri and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 63940

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 63940.

ZIP 63940 Missouri U.S.
Median Housing Rent $578 $830 $1,062
Renter-Occupied Housing Units 18.0% 33.2% 36.0%
Rental Vacancy Rate 4.4% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.19 2.25 2.49
Average # of Bedrooms Per Unit 2.73 2.77 2.75
Percent of Income Spent on Rent 29.76% 28.54% 29.83%
Per Capita Income $26,968 $30,810 $34,103
Median Household Income $61,869 $76,060 $88,607
Living Below the Poverty Line 7.4% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 63940

In ZIP Code 63940 (Fisk, MO), and estimated 18.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.4%.

The per capita income in 63940 is estimated at $26,968, which goes along with an estimated median household income of $61,869. About 7.4% of residents in this Butler County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.19 occupants, while the units have an aggregate average size of 2.73 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.76% of their income on housing rental costs.

Rental FAQs for ZIP Code 63940

1

What is the median monthly rent in ZIP Code 63940?

Median rent for housing in ZIP Code 63940 in Butler County in Missouri is approximately $578 per month.
2

Is it expensive to rent in ZIP Code 63940?

Rent in ZIP Code 63940 is lower than average in the state of Missouri overall. The median monthly rent of $578 in ZIP Code 63940 is approximately 30% lower than the Missouri median of $830. Additionally, median rent in this Fisk, MO region ($578) is about 46% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 63940?

High-priced rentals are not common in the Fisk, MO ZIP Code of 63940, 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 63940?

Affordable rentals are more common in ZIP Code 63940 than in Missouri overall. The percentage of housing rentals in ZIP Code 63940 costing $999 or less per month (83.6%) is approximately 21% 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 83% lower than the previously mentioned 63940 rate of 83.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 63940?

The most common range for rental cost in ZIP Code 63940 is between $500 and $999 per month. About 49.4% of renters in 63940 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 63940 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 63940 is lower than the rental vacancy rate in the state of Missouri overall. Rental vacancy of 4.4% in ZIP Code 63940 is about 30% lower than the Missouri rate of 6.3%. Looking more broadly, rental vacancy in this Fisk, MO region (4.4%) is an estimated 27% 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 63940? How does it compare to other Missouri regions?

Median household income in ZIP Code 63940 is lower than in the state of Missouri overall. Annual household income of $51,328 in ZIP Code 63940 is about 7% lower than the Missouri median of $55,461. Additionally, median household income in this Fisk, MO region ($51,328) is approximately 18% 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 63940 spend on housing costs?

Renters in ZIP Code 63940 spend a higher amount of their income on rent costs than do renters in Missouri overall. Renters in ZIP Code 63940 spend an estimated 29.76% of their income on rent payments, which is about 4% 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 0% higher than the ZIP Code 63940 estimated rate of 29.76%.
9

Do renters in ZIP Code 63940 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 63940 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 63940 spending 30 percent or more of their income on rent costs (50.7%) is approximately 13% 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 2% lower than the aforementioned 63940 rate of 50.7%.
10

What is the average household size of renter-occupied units in ZIP Code 63940?

The average household size of renter-occupied units in ZIP Code 63940 is lower than in the state of Missouri overall. Annual household size of 2.19 in ZIP Code 63940 is about 3% lower than the Missouri median of 2.25. Additionally, median household size in this Fisk, MO region (2.19) is approximately 12% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Missouri ZIP Codes