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Rental Insights for ZIP Code 71220 (Bastrop, LA)

Housing Rentals in ZIP Code 71220 (Bastrop, LA)

71220 ZIP Code in Louisiana

A Comprehensive Look at Rentals in the ZIP Code 71220

The 71220 ZIP Code is primarily associated with Bastrop, LA in Morehouse County. The median housing rent payment in this Louisiana region is $572 per month. About 35.0% of housing units in this Morehouse County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 10.0%.

The median rent in ZIP Code 71220 of $572 per month is 34% lower than the aggregate Louisiana median monthly rent of $866, and is 46% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 63.1% of residents in ZIP Code 71220 pay between $500 and $999 per month for rent. That is 23% higher than in Louisiana overall, in which 51.5% of total state residents pay between $500 and $999 per month for housing. Just 0.3% of renters in this Bastrop, LA region pay $3,000 or more for monthly rent.

ZIP Code 71220 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 71220

See the chart below for a comparison of monthly rental costs in ZIP Code 71220, Louisiana, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 71220 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 71220

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

Cost ZIP 71220 Louisiana U.S.
Less than $500 33.4% 14.0% 9.4%
$500 to $999 63.1% 51.5% 36.2%
$1,000 to $1,499 2.7% 26.1% 30.0%
$1,500 to $1,999 0.5% 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 0.3% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 71220

Renters in ZIP Code 71220 use an estimated 32.1% of their income to cover their monthly rent payments. That is about 5% 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 71220 renters use about 8% more of their income to cover rent expense. Household income figures for ZIP Code 71220 come in lower than in Louisiana as a whole. The median annual household income in ZIP Code 71220 of $32,288 sits approximately 35% lower than the overall Louisiana median income of $49,469 and approximately 49% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 71220

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 71220, 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 71220 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 71220

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

Rent Cost as % of Income ZIP 71220 Louisiana U.S.
Less than 15.0 percent 10.6% 13.4% 13.1%
15.0 to 19.9 percent 11.7% 11.7% 12.9%
20.0 to 24.9 percent 9.6% 10.6% 12.9%
25.0 to 29.9 percent 9.5% 9.8% 11.6%
30.0 to 34.9 percent 7.3% 9.0% 9.1%
35.0 percent or more 51.4% 45.4% 40.5%

Household Income in ZIP Code 71220

See the table below for the regional comparison of annual household income in ZIP Code 71220.

Income ZIP 71220 Louisiana U.S.
Less than $10,000 16.0% 9.6% 6.0%
$10,000 to $14,999 8.3% 5.9% 4.3%
$15,000 to $24,999 17.1% 12.0% 8.9%
$25,000 to $34,999 11.3% 10.4% 8.9%
$35,000 to $49,999 13.8% 12.5% 12.3%
$50,000 to $74,999 15.6% 16.1% 17.2%
$75,000 to $99,999 8.3% 11.2% 12.7%
$100,000 to $149,999 7.4% 12.6% 15.1%
$150,000 to $199,999 1.2% 5.0% 6.8%
$200,000 or more 1.0% 4.6% 7.7%

Household Income in ZIP Code 71220

See the chart below for a comparison of annual household income figures in ZIP Code 71220, Louisiana, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 71220 alongside the same figures for the state of Louisiana and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 71220

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 71220.

ZIP 71220 Louisiana U.S.
Median Housing Rent $572 $866 $1,062
Renter-Occupied Housing Units 35.0% 34.4% 36.0%
Rental Vacancy Rate 10.0% 8.6% 6.0%
Average Size of Renter-Occupied Unit 2.48 2.48 2.49
Average # of Bedrooms Per Unit 2.67 2.75 2.75
Percent of Income Spent on Rent 32.1% 30.69% 29.83%
Per Capita Income $17,844 $27,923 $34,103
Median Household Income $44,713 $71,001 $88,607
Living Below the Poverty Line 25.2% 14.5% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 71220

In ZIP Code 71220 (Bastrop, LA), and estimated 35.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 10.0%.

The per capita income in 71220 is estimated at $17,844, which goes along with an estimated median household income of $44,713. About 25.2% of residents in this Morehouse County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.48 occupants, while the units have an aggregate average size of 2.67 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.1% of their income on housing rental costs.

Rental FAQs for ZIP Code 71220

1

What is the median monthly rent in ZIP Code 71220?

Median rent for housing in ZIP Code 71220 in Morehouse County in Louisiana is approximately $572 per month.
2

Is it expensive to rent in ZIP Code 71220?

Rent in ZIP Code 71220 is lower than average in the state of Louisiana overall. The median monthly rent of $572 in ZIP Code 71220 is approximately 34% lower than the Louisiana median of $866. Additionally, median rent in this Bastrop, LA region ($572) 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 71220?

High-priced rentals are not uncommon in ZIP Code 71220 when compared to Louisiana overall. The percentage of rentals in ZIP Code 71220 that cost $3,000 or more per month (0.3%) is about 0% roughly equal to the Louisiana rate of 0.3% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 88% higher than the aforementioned 71220 rate of 0.3%.
4

Are affordable rentals common in ZIP Code 71220?

Affordable rentals are more common in ZIP Code 71220 than in Louisiana overall. The percentage of housing rentals in ZIP Code 71220 costing $999 or less per month (96.5%) is approximately 47% 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 112% lower than the previously mentioned 71220 rate of 96.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 71220?

The most common range for rental cost in ZIP Code 71220 is between $500 and $999 per month. About 63.1% of renters in 71220 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 71220 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 71220 is higher than the rental vacancy rate in the state of Louisiana overall. Rental vacancy of 10.0% in ZIP Code 71220 is about 16% higher than the Louisiana rate of 8.6%. Looking more broadly, rental vacancy in this Bastrop, LA region (10.0%) is an estimated 67% 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 71220? How does it compare to other Louisiana regions?

Median household income in ZIP Code 71220 is lower than in the state of Louisiana overall. Annual household income of $32,288 in ZIP Code 71220 is about 35% lower than the Louisiana median of $49,469. Additionally, median household income in this Bastrop, LA region ($32,288) is approximately 49% 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 71220 spend on housing costs?

Renters in ZIP Code 71220 spend a higher amount of their income on rent costs than do renters in Louisiana overall. Renters in ZIP Code 71220 spend an estimated 32.1% of their income on rent payments, which is about 5% 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 8% lower than the ZIP Code 71220 estimated rate of 32.1%.
9

Do renters in ZIP Code 71220 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 71220 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 71220 spending 30 percent or more of their income on rent costs (58.7%) is approximately 8% 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 18% lower than the aforementioned 71220 rate of 58.7%.
10

What is the average household size of renter-occupied units in ZIP Code 71220?

The average household size of renter-occupied units in ZIP Code 71220 is lower than in the state of Louisiana overall. Annual household size of 2.48 in ZIP Code 71220 is about 0% lower than the Louisiana median of 2.48. Additionally, median household size in this Bastrop, LA region (2.48) is approximately 0% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Louisiana ZIP Codes