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Rental Insights for ZIP Code 70041 (Buras, LA)

Housing Rentals in ZIP Code 70041 (Buras, LA)

70041 ZIP Code in Louisiana

A Comprehensive Look at Rentals in the ZIP Code 70041

The 70041 ZIP Code is primarily associated with Buras, LA in Plaquemines Parish County. The median housing rent in this Louisiana region is estimated at $883 per month. About 12.2% of housing units in this Plaquemines Parish County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 24.1%.

The median rent in ZIP Code 70041 of $883 per month is 2% higher than the aggregate Louisiana median monthly rent of $866, and is 17% lower than the $1,062 the median monthly rent in the U.S. overall. About 44.6% of residents in ZIP Code 70041 pay between $500 and $999 per month for rent. That is 13% lower than in Louisiana overall, in which 51.5% of total state residents pay between $500 and $999 per month for housing. Just 13.0% of renters in this Buras, LA region pay less than $500 per month for rent.

ZIP Code 70041 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 70041

See the chart below for a comparison of monthly rental costs in ZIP Code 70041, Louisiana, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 70041 along with those in the state of Louisiana and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 70041

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

Cost ZIP 70041 Louisiana U.S.
Less than $500 13.0% 14.0% 9.4%
$500 to $999 44.6% 51.5% 36.2%
$1,000 to $1,499 42.4% 26.1% 30.0%
$1,500 to $1,999 0.0% 6.2% 14.0%
$2,000 to $2,499 0.0% 1.6% 5.6%
$2,500 to $2,999 0.0% 0.4% 2.4%
$3,000 or more 0.0% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 70041

Renters in ZIP Code 70041 use an estimated 37.94% of their income to cover their monthly rent payments. That is about 24% higher than in Louisiana overall. The estimate for Louisiana overall is 30.69% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 70041 renters use about 27% more of their income to cover rent expense. Household income figures for ZIP Code 70041 come in lower than in Louisiana as a whole. The median annual household income in ZIP Code 70041 of $35,281 sits approximately 29% lower than the overall Louisiana median income of $49,469 and approximately 44% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 70041

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 70041, Louisiana, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 70041 along with the same calculations in the state of Louisiana 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 70041

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

Rent Cost as % of Income ZIP 70041 Louisiana U.S.
Less than 15.0 percent 6.5% 13.4% 13.1%
15.0 to 19.9 percent 9.8% 11.7% 12.9%
20.0 to 24.9 percent 0.0% 10.6% 12.9%
25.0 to 29.9 percent 0.0% 9.8% 11.6%
30.0 to 34.9 percent 0.0% 9.0% 9.1%
35.0 percent or more 83.7% 45.4% 40.5%

Household Income in ZIP Code 70041

See the table below for the regional comparison of annual household income in ZIP Code 70041.

Income ZIP 70041 Louisiana U.S.
Less than $10,000 12.7% 9.6% 6.0%
$10,000 to $14,999 5.6% 5.9% 4.3%
$15,000 to $24,999 16.7% 12.0% 8.9%
$25,000 to $34,999 14.6% 10.4% 8.9%
$35,000 to $49,999 9.8% 12.5% 12.3%
$50,000 to $74,999 17.5% 16.1% 17.2%
$75,000 to $99,999 10.6% 11.2% 12.7%
$100,000 to $149,999 8.5% 12.6% 15.1%
$150,000 to $199,999 1.2% 5.0% 6.8%
$200,000 or more 2.7% 4.6% 7.7%

Household Income in ZIP Code 70041

See the chart below for a comparison of annual household income figures in ZIP Code 70041, Louisiana, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 70041 alongside the same figures for the state of Louisiana and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 70041

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 70041.

ZIP 70041 Louisiana U.S.
Median Housing Rent $883 $866 $1,062
Renter-Occupied Housing Units 12.2% 34.4% 36.0%
Rental Vacancy Rate 24.1% 8.6% 6.0%
Average Size of Renter-Occupied Unit 2.36 2.48 2.49
Average # of Bedrooms Per Unit 2.9 2.75 2.75
Percent of Income Spent on Rent 37.94% 30.69% 29.83%
Per Capita Income $20,806 $27,923 $34,103
Median Household Income $51,365 $71,001 $88,607
Living Below the Poverty Line 26.7% 14.5% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 70041

In ZIP Code 70041 (Buras, LA), and estimated 12.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 24.1%.

The per capita income in 70041 is estimated at $20,806, which goes along with an estimated median household income of $51,365. About 26.7% of residents in this Plaquemines Parish County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.36 occupants, while the units have an aggregate average size of 2.9 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 37.94% of their income on housing rental costs.

Rental FAQs for ZIP Code 70041

1

What is the median monthly rent in ZIP Code 70041?

Median rent for housing in ZIP Code 70041 in Plaquemines Parish County in Louisiana is approximately $883 per month.
2

Is it expensive to rent in ZIP Code 70041?

Rent in ZIP Code 70041 is higher than average in the state of Louisiana overall. The median monthly rent of $883 in ZIP Code 70041 is approximately 2% higher than the Louisiana median of $866. Additionally, median rent in this Buras, LA region ($883) is about 17% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 70041?

High-priced rentals are not common in the Buras, LA ZIP Code of 70041, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Louisiana overall, approximately 0.3% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 70041?

Affordable rentals are less common in ZIP Code 70041 than in Louisiana overall. The percentage of housing rentals in ZIP Code 70041 costing $999 or less per month (57.6%) is approximately 12% lower than the Louisiana rate of 65.5% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 26% lower than the previously mentioned 70041 rate of 57.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 70041?

The most common range for rental cost in ZIP Code 70041 is between $500 and $999 per month. About 44.6% of renters in 70041 pay in this range for monthly rent. In comparison, approximately 51.5% of renters in the state of Louisiana fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 70041 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 70041 is higher than the rental vacancy rate in the state of Louisiana overall. Rental vacancy of 24.1% in ZIP Code 70041 is about 180% higher than the Louisiana rate of 8.6%. Looking more broadly, rental vacancy in this Buras, LA region (24.1%) is an estimated 302% 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 70041? How does it compare to other Louisiana regions?

Median household income in ZIP Code 70041 is lower than in the state of Louisiana overall. Annual household income of $35,281 in ZIP Code 70041 is about 29% lower than the Louisiana median of $49,469. Additionally, median household income in this Buras, LA region ($35,281) is approximately 44% 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 70041 spend on housing costs?

Renters in ZIP Code 70041 spend a higher amount of their income on rent costs than do renters in Louisiana overall. Renters in ZIP Code 70041 spend an estimated 37.94% of their income on rent payments, which is about 24% higher than the overall Louisiana estimated rate of 30.69%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 27% lower than the ZIP Code 70041 estimated rate of 37.94%.
9

Do renters in ZIP Code 70041 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 70041 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 70041 spending 30 percent or more of their income on rent costs (83.7%) is approximately 54% higher than the Louisiana rate of 54.4% 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 69% lower than the aforementioned 70041 rate of 83.7%.
10

What is the average household size of renter-occupied units in ZIP Code 70041?

The average household size of renter-occupied units in ZIP Code 70041 is lower than in the state of Louisiana overall. Annual household size of 2.36 in ZIP Code 70041 is about 5% lower than the Louisiana median of 2.48. Additionally, median household size in this Buras, LA region (2.36) is approximately 5% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Louisiana ZIP Codes