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Rental Insights for ZIP Code 71322 (Bunkie, LA)

Housing Rentals in ZIP Code 71322 (Bunkie, LA)

71322 ZIP Code in Louisiana

A Comprehensive Look at Rentals in the ZIP Code 71322

The 71322 ZIP Code is primarily associated with Bunkie, LA in Avoyelles County. The median housing rent payment in this Louisiana region is $884 per month. Approximately 28.5% of housing units in the region are renter-occupied, and this this Avoyelles County ZIP Code has an estimated rental vacancy rate of 18.2%.

The median rent in ZIP Code 71322 of $884 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. An estimated 56.8% of residents in ZIP Code 71322 pay between $500 and $999 per month for rent. That is 10% higher than in Louisiana overall, in which 51.5% of total state residents pay between $500 and $999 per month for housing. Only 9.9% of ZIP Code 71322 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 71322 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 71322

See the chart below for a comparison of monthly rental costs in ZIP Code 71322, Louisiana, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 71322 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 71322

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

Cost ZIP 71322 Louisiana U.S.
Less than $500 15.3% 14.0% 9.4%
$500 to $999 56.8% 51.5% 36.2%
$1,000 to $1,499 9.9% 26.1% 30.0%
$1,500 to $1,999 18.1% 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 71322

Renters in ZIP Code 71322 use an estimated 32.88% of their income to cover their monthly rent payments. That is about 7% 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 71322 renters use about 10% more of their income to cover rent expense. Household income figures for ZIP Code 71322 come in lower than in Louisiana as a whole. The median annual household income in ZIP Code 71322 of $35,929 sits approximately 27% lower than the overall Louisiana median income of $49,469 and approximately 43% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 71322

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 71322, 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 71322 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 71322

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

Rent Cost as % of Income ZIP 71322 Louisiana U.S.
Less than 15.0 percent 2.1% 13.4% 13.1%
15.0 to 19.9 percent 19.3% 11.7% 12.9%
20.0 to 24.9 percent 4.2% 10.6% 12.9%
25.0 to 29.9 percent 14.8% 9.8% 11.6%
30.0 to 34.9 percent 10.5% 9.0% 9.1%
35.0 percent or more 49.1% 45.4% 40.5%

Household Income in ZIP Code 71322

See the table below for the regional comparison of annual household income in ZIP Code 71322.

Income ZIP 71322 Louisiana U.S.
Less than $10,000 7.6% 9.6% 6.0%
$10,000 to $14,999 2.9% 5.9% 4.3%
$15,000 to $24,999 28.2% 12.0% 8.9%
$25,000 to $34,999 9.4% 10.4% 8.9%
$35,000 to $49,999 13.5% 12.5% 12.3%
$50,000 to $74,999 19.7% 16.1% 17.2%
$75,000 to $99,999 6.4% 11.2% 12.7%
$100,000 to $149,999 4.6% 12.6% 15.1%
$150,000 to $199,999 4.6% 5.0% 6.8%
$200,000 or more 3.1% 4.6% 7.7%

Household Income in ZIP Code 71322

See the chart below for a comparison of annual household income figures in ZIP Code 71322, Louisiana, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 71322 alongside the same figures for the state of Louisiana and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 71322

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 71322.

ZIP 71322 Louisiana U.S.
Median Housing Rent $884 $866 $1,062
Renter-Occupied Housing Units 28.5% 34.4% 36.0%
Rental Vacancy Rate 18.2% 8.6% 6.0%
Average Size of Renter-Occupied Unit 2.56 2.48 2.49
Average # of Bedrooms Per Unit 2.92 2.75 2.75
Percent of Income Spent on Rent 32.88% 30.69% 29.83%
Per Capita Income $21,095 $27,923 $34,103
Median Household Income $53,305 $71,001 $88,607
Living Below the Poverty Line 9.3% 14.5% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 71322

In ZIP Code 71322 (Bunkie, LA), and estimated 28.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 18.2%.

The per capita income in 71322 is estimated at $21,095, which goes along with an estimated median household income of $53,305. About 9.3% of residents in this Avoyelles County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.56 occupants, while the units have an aggregate average size of 2.92 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.88% of their income on housing rental costs.

Rental FAQs for ZIP Code 71322

1

What is the median monthly rent in ZIP Code 71322?

Median rent for housing in ZIP Code 71322 in Avoyelles County in Louisiana is approximately $884 per month.
2

Is it expensive to rent in ZIP Code 71322?

Rent in ZIP Code 71322 is higher than average in the state of Louisiana overall. The median monthly rent of $884 in ZIP Code 71322 is approximately 2% higher than the Louisiana median of $866. Additionally, median rent in this Bunkie, LA region ($884) 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 71322?

High-priced rentals are not common in the Bunkie, LA ZIP Code of 71322, 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 71322?

Affordable rentals are more common in ZIP Code 71322 than in Louisiana overall. The percentage of housing rentals in ZIP Code 71322 costing $999 or less per month (72.1%) is approximately 10% 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 58% lower than the previously mentioned 71322 rate of 72.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 71322?

The most common range for rental cost in ZIP Code 71322 is between $500 and $999 per month. About 56.8% of renters in 71322 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 71322 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 71322 is higher than the rental vacancy rate in the state of Louisiana overall. Rental vacancy of 18.2% in ZIP Code 71322 is about 112% higher than the Louisiana rate of 8.6%. Looking more broadly, rental vacancy in this Bunkie, LA region (18.2%) is an estimated 203% 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 71322? How does it compare to other Louisiana regions?

Median household income in ZIP Code 71322 is lower than in the state of Louisiana overall. Annual household income of $35,929 in ZIP Code 71322 is about 27% lower than the Louisiana median of $49,469. Additionally, median household income in this Bunkie, LA region ($35,929) is approximately 43% 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 71322 spend on housing costs?

Renters in ZIP Code 71322 spend a higher amount of their income on rent costs than do renters in Louisiana overall. Renters in ZIP Code 71322 spend an estimated 32.88% of their income on rent payments, which is about 7% 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 10% lower than the ZIP Code 71322 estimated rate of 32.88%.
9

Do renters in ZIP Code 71322 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 71322 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 71322 spending 30 percent or more of their income on rent costs (59.6%) is approximately 10% 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 20% lower than the aforementioned 71322 rate of 59.6%.
10

What is the average household size of renter-occupied units in ZIP Code 71322?

The average household size of renter-occupied units in ZIP Code 71322 is higher than in the state of Louisiana overall. Annual household size of 2.56 in ZIP Code 71322 is about 3% higher than the Louisiana median of 2.48. Additionally, median household size in this Bunkie, LA region (2.56) is approximately 3% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Louisiana ZIP Codes