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Rental Insights for ZIP Code 64089 (Smithville, MO)

Housing Rentals in ZIP Code 64089 (Smithville, MO)

64089 ZIP Code in Missouri

A Detailed Housing Rental Snapshot of the ZIP Code 64089

ZIP Code 64089 is principally located in Smithville, MO in Clay County. This Missouri region has an estimated median housing rent of $823 per month. About 15.5% of housing units in this Clay County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 3.4%.

The median rent in ZIP Code 64089 of $823 per month is 1% lower than the aggregate Missouri median monthly rent of $830, and is 23% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 64089, approximately 39.1% of residents pay between $500 and $999 per month for rent. That is 30% lower than in Missouri overall, in which 56.1% of total state residents pay between $500 and $999 per month for housing. Just 4.5% of renters in this Smithville, MO region pay between $1,500 and $1,999 per month for rent.

ZIP Code 64089 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 64089

See the chart below for a comparison of monthly rental costs in ZIP Code 64089, Missouri, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 64089 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 64089

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

Cost ZIP 64089 Missouri U.S.
Less than $500 23.4% 12.8% 9.4%
$500 to $999 39.1% 56.1% 36.2%
$1,000 to $1,499 33.0% 24.7% 30.0%
$1,500 to $1,999 4.5% 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 64089

Renters in ZIP Code 64089 use an estimated 24.19% of their income to cover their monthly rent payments. That is about 15% lower 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 64089 renters use about 19% less of their income to cover rent expense. Household income figures for ZIP Code 64089 come in higher than in Missouri as a whole. The median annual household income in ZIP Code 64089 of $85,323 sits approximately 54% higher than the overall Missouri median income of $55,461 and approximately 36% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 64089

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 64089, 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 64089 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 64089

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

Rent Cost as % of Income ZIP 64089 Missouri U.S.
Less than 15.0 percent 30.0% 15.4% 13.1%
15.0 to 19.9 percent 12.9% 14.7% 12.9%
20.0 to 24.9 percent 12.2% 13.3% 12.9%
25.0 to 29.9 percent 14.9% 11.5% 11.6%
30.0 to 34.9 percent 6.6% 8.5% 9.1%
35.0 percent or more 23.4% 36.5% 40.5%

Household Income in ZIP Code 64089

See the table below for the regional comparison of annual household income in ZIP Code 64089.

Income ZIP 64089 Missouri U.S.
Less than $10,000 2.0% 6.2% 6.0%
$10,000 to $14,999 2.2% 4.6% 4.3%
$15,000 to $24,999 5.6% 10.1% 8.9%
$25,000 to $34,999 4.4% 10.2% 8.9%
$35,000 to $49,999 7.9% 14.0% 12.3%
$50,000 to $74,999 17.9% 18.5% 17.2%
$75,000 to $99,999 19.7% 12.7% 12.7%
$100,000 to $149,999 25.0% 13.6% 15.1%
$150,000 to $199,999 7.6% 5.1% 6.8%
$200,000 or more 7.7% 4.8% 7.7%

Household Income in ZIP Code 64089

See the chart below for a comparison of annual household income figures in ZIP Code 64089, Missouri, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 64089 alongside the same figures for the state of Missouri and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 64089

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 64089.

ZIP 64089 Missouri U.S.
Median Housing Rent $823 $830 $1,062
Renter-Occupied Housing Units 15.5% 33.2% 36.0%
Rental Vacancy Rate 3.4% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.57 2.25 2.49
Average # of Bedrooms Per Unit 3.28 2.77 2.75
Percent of Income Spent on Rent 24.19% 28.54% 29.83%
Per Capita Income $36,228 $30,810 $34,103
Median Household Income $100,269 $76,060 $88,607
Living Below the Poverty Line 2.9% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 64089

In ZIP Code 64089 (Smithville, MO), and estimated 15.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.4%.

The per capita income in 64089 is estimated at $36,228, which goes along with an estimated median household income of $100,269. About 2.9% of residents in this Clay County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.57 occupants, while the units have an aggregate average size of 3.28 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.19% of their income on housing rental costs.

Rental FAQs for ZIP Code 64089

1

What is the median monthly rent in ZIP Code 64089?

Median rent for housing in ZIP Code 64089 in Clay County in Missouri is approximately $823 per month.
2

Is it expensive to rent in ZIP Code 64089?

Rent in ZIP Code 64089 is lower than average in the state of Missouri overall. The median monthly rent of $823 in ZIP Code 64089 is approximately 1% lower than the Missouri median of $830. Additionally, median rent in this Smithville, MO region ($823) is about 23% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 64089?

High-priced rentals are not common in the Smithville, MO ZIP Code of 64089, 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 64089?

Affordable rentals are less common in ZIP Code 64089 than in Missouri overall. The percentage of housing rentals in ZIP Code 64089 costing $999 or less per month (62.5%) is approximately 9% lower 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 37% lower than the previously mentioned 64089 rate of 62.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 64089?

The most common range for rental cost in ZIP Code 64089 is between $500 and $999 per month. About 39.1% of renters in 64089 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 64089 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 64089 is lower than the rental vacancy rate in the state of Missouri overall. Rental vacancy of 3.4% in ZIP Code 64089 is about 46% lower than the Missouri rate of 6.3%. Looking more broadly, rental vacancy in this Smithville, MO region (3.4%) is an estimated 43% 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 64089? How does it compare to other Missouri regions?

Median household income in ZIP Code 64089 is higher than in the state of Missouri overall. Annual household income of $85,323 in ZIP Code 64089 is about 54% higher than the Missouri median of $55,461. Additionally, median household income in this Smithville, MO region ($85,323) is approximately 36% 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 64089 spend on housing costs?

Renters in ZIP Code 64089 spend a lower amount of their income on rent costs than do renters in Missouri overall. Renters in ZIP Code 64089 spend an estimated 24.19% of their income on rent payments, which is about 15% lower 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 19% higher than the ZIP Code 64089 estimated rate of 24.19%.
9

Do renters in ZIP Code 64089 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 64089 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 64089 spending 30 percent or more of their income on rent costs (30%) is approximately 33% lower 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 40% higher than the aforementioned 64089 rate of 30%.
10

What is the average household size of renter-occupied units in ZIP Code 64089?

The average household size of renter-occupied units in ZIP Code 64089 is higher than in the state of Missouri overall. Annual household size of 2.57 in ZIP Code 64089 is about 14% higher than the Missouri median of 2.25. Additionally, median household size in this Smithville, MO region (2.57) is approximately 3% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Missouri ZIP Codes