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Rental Insights for ZIP Code 70778 (Sorrento, LA)

Housing Rentals in ZIP Code 70778 (Sorrento, LA)

70778 ZIP Code in Louisiana

A Comprehensive Look at Rentals in the ZIP Code 70778

The 70778 ZIP Code is primarily associated with Sorrento, LA in Ascension County. The median housing rent in this Louisiana region is estimated at $869 per month. Approximately 12.2% of housing units in this Ascension County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 5.6%.

The median rent in ZIP Code 70778 of $869 per month is 0% higher than the aggregate Louisiana median monthly rent of $866, and is 18% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 50.8% of residents in ZIP Code 70778 have a monthly rent payment between $500 and $999. That is 1% lower than in Louisiana overall, in which 51.5% of total state residents pay between $500 and $999 per month for housing. Only 2.3% of renters in this Sorrento, LA region pay between $2,000 and $2,499 per month for rent.

ZIP Code 70778 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 70778

See the chart below for a comparison of monthly rental costs in ZIP Code 70778, Louisiana, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 70778 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 70778

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

Cost ZIP 70778 Louisiana U.S.
Less than $500 8.5% 14.0% 9.4%
$500 to $999 50.8% 51.5% 36.2%
$1,000 to $1,499 25.4% 26.1% 30.0%
$1,500 to $1,999 13.1% 6.2% 14.0%
$2,000 to $2,499 2.3% 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 70778

Renters in ZIP Code 70778 use an estimated 25.15% of their income to cover their monthly rent payments. That is about 18% 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 70778 renters use about 16% less of their income to cover rent expense. Household income figures for ZIP Code 70778 come in higher than in Louisiana as a whole. The median annual household income in ZIP Code 70778 of $90,568 sits approximately 83% higher than the overall Louisiana median income of $49,469 and approximately 44% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 70778

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 70778, 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 70778 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 70778

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

Rent Cost as % of Income ZIP 70778 Louisiana U.S.
Less than 15.0 percent 19.2% 13.4% 13.1%
15.0 to 19.9 percent 32.3% 11.7% 12.9%
20.0 to 24.9 percent 0.0% 10.6% 12.9%
25.0 to 29.9 percent 12.3% 9.8% 11.6%
30.0 to 34.9 percent 11.5% 9.0% 9.1%
35.0 percent or more 24.6% 45.4% 40.5%

Household Income in ZIP Code 70778

See the table below for the regional comparison of annual household income in ZIP Code 70778.

Income ZIP 70778 Louisiana U.S.
Less than $10,000 3.5% 9.6% 6.0%
$10,000 to $14,999 1.9% 5.9% 4.3%
$15,000 to $24,999 9.7% 12.0% 8.9%
$25,000 to $34,999 11.0% 10.4% 8.9%
$35,000 to $49,999 8.9% 12.5% 12.3%
$50,000 to $74,999 9.1% 16.1% 17.2%
$75,000 to $99,999 22.2% 11.2% 12.7%
$100,000 to $149,999 18.0% 12.6% 15.1%
$150,000 to $199,999 14.3% 5.0% 6.8%
$200,000 or more 1.6% 4.6% 7.7%

Household Income in ZIP Code 70778

See the chart below for a comparison of annual household income figures in ZIP Code 70778, Louisiana, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 70778 alongside the same figures for the state of Louisiana and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 70778

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 70778.

ZIP 70778 Louisiana U.S.
Median Housing Rent $869 $866 $1,062
Renter-Occupied Housing Units 12.2% 34.4% 36.0%
Rental Vacancy Rate 5.6% 8.6% 6.0%
Average Size of Renter-Occupied Unit 2.99 2.48 2.49
Average # of Bedrooms Per Unit 3 2.75 2.75
Percent of Income Spent on Rent 25.15% 30.69% 29.83%
Per Capita Income $29,160 $27,923 $34,103
Median Household Income $84,350 $71,001 $88,607
Living Below the Poverty Line 4.2% 14.5% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 70778

In ZIP Code 70778 (Sorrento, LA), and estimated 12.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.6%.

The per capita income in 70778 is estimated at $29,160, which goes along with an estimated median household income of $84,350. About 4.2% of residents in this Ascension County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.99 occupants, while the units have an aggregate average size of 3 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.15% of their income on housing rental costs.

Rental FAQs for ZIP Code 70778

1

What is the median monthly rent in ZIP Code 70778?

Median rent for housing in ZIP Code 70778 in Ascension County in Louisiana is approximately $869 per month.
2

Is it expensive to rent in ZIP Code 70778?

Rent in ZIP Code 70778 is higher than average in the state of Louisiana overall. The median monthly rent of $869 in ZIP Code 70778 is approximately 0% higher than the Louisiana median of $866. Additionally, median rent in this Sorrento, LA region ($869) is about 18% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 70778?

High-priced rentals are not common in the Sorrento, LA ZIP Code of 70778, 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 70778?

Affordable rentals are less common in ZIP Code 70778 than in Louisiana overall. The percentage of housing rentals in ZIP Code 70778 costing $999 or less per month (59.3%) is approximately 9% 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 30% lower than the previously mentioned 70778 rate of 59.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 70778?

The most common range for rental cost in ZIP Code 70778 is between $500 and $999 per month. About 50.8% of renters in 70778 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 70778 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 70778 is lower than the rental vacancy rate in the state of Louisiana overall. Rental vacancy of 5.6% in ZIP Code 70778 is about 35% lower than the Louisiana rate of 8.6%. Looking more broadly, rental vacancy in this Sorrento, LA region (5.6%) is an estimated 7% 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 70778? How does it compare to other Louisiana regions?

Median household income in ZIP Code 70778 is higher than in the state of Louisiana overall. Annual household income of $90,568 in ZIP Code 70778 is about 83% higher than the Louisiana median of $49,469. Additionally, median household income in this Sorrento, LA region ($90,568) is approximately 44% 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 70778 spend on housing costs?

Renters in ZIP Code 70778 spend a lower amount of their income on rent costs than do renters in Louisiana overall. Renters in ZIP Code 70778 spend an estimated 25.15% of their income on rent payments, which is about 18% 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 16% higher than the ZIP Code 70778 estimated rate of 25.15%.
9

Do renters in ZIP Code 70778 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 70778 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 70778 spending 30 percent or more of their income on rent costs (36.1%) is approximately 34% 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 27% higher than the aforementioned 70778 rate of 36.1%.
10

What is the average household size of renter-occupied units in ZIP Code 70778?

The average household size of renter-occupied units in ZIP Code 70778 is higher than in the state of Louisiana overall. Annual household size of 2.99 in ZIP Code 70778 is about 21% higher than the Louisiana median of 2.48. Additionally, median household size in this Sorrento, LA region (2.99) is approximately 20% higher than median household size of 2.49 in the U.S. as a whole.

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