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Rental Insights for ZIP Code 70740 (Grosse Tete, LA)

Housing Rentals in ZIP Code 70740 (Grosse Tete, LA)

70740 ZIP Code in Louisiana

A Comprehensive Look at Rentals in the ZIP Code 70740

The 70740 ZIP Code is primarily associated with Grosse Tete, LA in Iberville County. The median housing rent in this Louisiana region is estimated at $846 per month. Approximately 33.4% of housing units in this Iberville County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 4.2%.

The median rent in ZIP Code 70740 of $846 per month is 2% lower than the aggregate Louisiana median monthly rent of $866, and is 20% lower than the $1,062 the median monthly rent in the U.S. overall. About 100.0% of residents in ZIP Code 70740 pay between $500 and $999 per month for rent. That is 94% higher than in Louisiana overall, in which 51.5% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 70740 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 70740

See the chart below for a comparison of monthly rental costs in ZIP Code 70740, Louisiana, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 70740 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 70740

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

Cost ZIP 70740 Louisiana U.S.
Less than $500 0.0% 14.0% 9.4%
$500 to $999 100.0% 51.5% 36.2%
$1,000 to $1,499 0.0% 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 70740

Renters in ZIP Code 70740 use an estimated 24.4% of their income to cover their monthly rent payments. That is about 20% lower 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 70740 renters use about 18% less of their income to cover rent expense. Household income figures for ZIP Code 70740 come in lower than in Louisiana as a whole. The median annual household income in ZIP Code 70740 of $44,063 sits approximately 11% lower than the overall Louisiana median income of $49,469 and approximately 30% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 70740

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 70740, 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 70740 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 70740

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

Rent Cost as % of Income ZIP 70740 Louisiana U.S.
Less than 15.0 percent 0.0% 13.4% 13.1%
15.0 to 19.9 percent 72.4% 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 27.6% 45.4% 40.5%

Household Income in ZIP Code 70740

See the table below for the regional comparison of annual household income in ZIP Code 70740.

Income ZIP 70740 Louisiana U.S.
Less than $10,000 29.2% 9.6% 6.0%
$10,000 to $14,999 2.6% 5.9% 4.3%
$15,000 to $24,999 3.2% 12.0% 8.9%
$25,000 to $34,999 4.2% 10.4% 8.9%
$35,000 to $49,999 17.5% 12.5% 12.3%
$50,000 to $74,999 18.8% 16.1% 17.2%
$75,000 to $99,999 6.0% 11.2% 12.7%
$100,000 to $149,999 6.3% 12.6% 15.1%
$150,000 to $199,999 7.8% 5.0% 6.8%
$200,000 or more 4.2% 4.6% 7.7%

Household Income in ZIP Code 70740

See the chart below for a comparison of annual household income figures in ZIP Code 70740, Louisiana, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 70740 alongside the same figures for the state of Louisiana and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 70740

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 70740.

ZIP 70740 Louisiana U.S.
Median Housing Rent $846 $866 $1,062
Renter-Occupied Housing Units 33.4% 34.4% 36.0%
Rental Vacancy Rate 4.2% 8.6% 6.0%
Average Size of Renter-Occupied Unit 1.71 2.48 2.49
Average # of Bedrooms Per Unit 2.75 2.75 2.75
Percent of Income Spent on Rent 24.4% 30.69% 29.83%
Per Capita Income $23,773 $27,923 $34,103
Median Household Income $57,886 $71,001 $88,607
Living Below the Poverty Line 7.6% 14.5% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 70740

In ZIP Code 70740 (Grosse Tete, LA), and estimated 33.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.2%.

The per capita income in 70740 is estimated at $23,773, which goes along with an estimated median household income of $57,886. About 7.6% of residents in this Iberville County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.71 occupants, while the units have an aggregate average size of 2.75 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.4% of their income on housing rental costs.

Rental FAQs for ZIP Code 70740

1

What is the median monthly rent in ZIP Code 70740?

Median rent for housing in ZIP Code 70740 in Iberville County in Louisiana is approximately $846 per month.
2

Is it expensive to rent in ZIP Code 70740?

Rent in ZIP Code 70740 is lower than average in the state of Louisiana overall. The median monthly rent of $846 in ZIP Code 70740 is approximately 2% lower than the Louisiana median of $866. Additionally, median rent in this Grosse Tete, LA region ($846) is about 20% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 70740?

High-priced rentals are not common in the Grosse Tete, LA ZIP Code of 70740, 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 70740?

Affordable rentals are more common in ZIP Code 70740 than in Louisiana overall. The percentage of housing rentals in ZIP Code 70740 costing $999 or less per month (100%) is approximately 53% higher 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 119% lower than the previously mentioned 70740 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 70740?

The most common range for rental cost in ZIP Code 70740 is between $500 and $999 per month. About 100.0% of renters in 70740 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 70740 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 70740 is lower than the rental vacancy rate in the state of Louisiana overall. Rental vacancy of 4.2% in ZIP Code 70740 is about 51% lower than the Louisiana rate of 8.6%. Looking more broadly, rental vacancy in this Grosse Tete, LA region (4.2%) is an estimated 30% 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 70740? How does it compare to other Louisiana regions?

Median household income in ZIP Code 70740 is lower than in the state of Louisiana overall. Annual household income of $44,063 in ZIP Code 70740 is about 11% lower than the Louisiana median of $49,469. Additionally, median household income in this Grosse Tete, LA region ($44,063) is approximately 30% 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 70740 spend on housing costs?

Renters in ZIP Code 70740 spend a lower amount of their income on rent costs than do renters in Louisiana overall. Renters in ZIP Code 70740 spend an estimated 24.4% of their income on rent payments, which is about 20% lower 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 18% higher than the ZIP Code 70740 estimated rate of 24.4%.
9

Do renters in ZIP Code 70740 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 70740 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 70740 spending 30 percent or more of their income on rent costs (27.6%) is approximately 49% lower 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 44% higher than the aforementioned 70740 rate of 27.6%.
10

What is the average household size of renter-occupied units in ZIP Code 70740?

The average household size of renter-occupied units in ZIP Code 70740 is lower than in the state of Louisiana overall. Annual household size of 1.71 in ZIP Code 70740 is about 31% lower than the Louisiana median of 2.48. Additionally, median household size in this Grosse Tete, LA region (1.71) is approximately 31% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Louisiana ZIP Codes