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Rental Insights for ZIP Code 71435 (Grayson, LA)

Housing Rentals in ZIP Code 71435 (Grayson, LA)

71435 ZIP Code in Louisiana

A Comprehensive Look at Rentals in the ZIP Code 71435

The 71435 ZIP Code is primarily associated with Grayson, LA in Caldwell County. The median housing rent payment in this Louisiana region is $690 per month. About 13.5% of housing units in the region are renter-occupied, and this Caldwell County ZIP Code has an approximate rental vacancy rate of 9.7%.

The median rent in ZIP Code 71435 of $690 per month is 20% lower than the aggregate Louisiana median monthly rent of $866, and is 35% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 69.1% of renters in ZIP Code 71435 pay between $500 and $999 per month for housing. That is 34% higher than in Louisiana overall, in which 51.5% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 71435 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 71435

See the chart below for a comparison of monthly rental costs in ZIP Code 71435, Louisiana, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 71435 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 71435

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

Cost ZIP 71435 Louisiana U.S.
Less than $500 22.8% 14.0% 9.4%
$500 to $999 69.1% 51.5% 36.2%
$1,000 to $1,499 8.1% 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 71435

Renters in ZIP Code 71435 use an estimated 23.49% of their income to cover their monthly rent payments. That is about 23% 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 71435 renters use about 21% less of their income to cover rent expense. Household income figures for ZIP Code 71435 come in higher than in Louisiana as a whole. The median annual household income in ZIP Code 71435 of $50,432 sits approximately 2% higher than the overall Louisiana median income of $49,469 and approximately 20% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 71435

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 71435, 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 71435 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 71435

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

Rent Cost as % of Income ZIP 71435 Louisiana U.S.
Less than 15.0 percent 26.5% 13.4% 13.1%
15.0 to 19.9 percent 19.9% 11.7% 12.9%
20.0 to 24.9 percent 15.4% 10.6% 12.9%
25.0 to 29.9 percent 11.0% 9.8% 11.6%
30.0 to 34.9 percent 7.4% 9.0% 9.1%
35.0 percent or more 19.9% 45.4% 40.5%

Household Income in ZIP Code 71435

See the table below for the regional comparison of annual household income in ZIP Code 71435.

Income ZIP 71435 Louisiana U.S.
Less than $10,000 12.6% 9.6% 6.0%
$10,000 to $14,999 5.9% 5.9% 4.3%
$15,000 to $24,999 15.0% 12.0% 8.9%
$25,000 to $34,999 8.9% 10.4% 8.9%
$35,000 to $49,999 6.8% 12.5% 12.3%
$50,000 to $74,999 17.4% 16.1% 17.2%
$75,000 to $99,999 8.4% 11.2% 12.7%
$100,000 to $149,999 18.5% 12.6% 15.1%
$150,000 to $199,999 6.1% 5.0% 6.8%
$200,000 or more 0.3% 4.6% 7.7%

Household Income in ZIP Code 71435

See the chart below for a comparison of annual household income figures in ZIP Code 71435, Louisiana, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 71435 alongside the same figures for the state of Louisiana and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 71435

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 71435.

ZIP 71435 Louisiana U.S.
Median Housing Rent $690 $866 $1,062
Renter-Occupied Housing Units 13.5% 34.4% 36.0%
Rental Vacancy Rate 9.7% 8.6% 6.0%
Average Size of Renter-Occupied Unit 2.93 2.48 2.49
Average # of Bedrooms Per Unit 2.77 2.75 2.75
Percent of Income Spent on Rent 23.49% 30.69% 29.83%
Per Capita Income $23,218 $27,923 $34,103
Median Household Income $60,901 $71,001 $88,607
Living Below the Poverty Line 13.6% 14.5% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 71435

In ZIP Code 71435 (Grayson, LA), and estimated 13.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.7%.

The per capita income in 71435 is estimated at $23,218, which goes along with an estimated median household income of $60,901. About 13.6% of residents in this Caldwell County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.93 occupants, while the units have an aggregate average size of 2.77 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.49% of their income on housing rental costs.

Rental FAQs for ZIP Code 71435

1

What is the median monthly rent in ZIP Code 71435?

Median rent for housing in ZIP Code 71435 in Caldwell County in Louisiana is approximately $690 per month.
2

Is it expensive to rent in ZIP Code 71435?

Rent in ZIP Code 71435 is lower than average in the state of Louisiana overall. The median monthly rent of $690 in ZIP Code 71435 is approximately 20% lower than the Louisiana median of $866. Additionally, median rent in this Grayson, LA region ($690) is about 35% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 71435?

High-priced rentals are not common in the Grayson, LA ZIP Code of 71435, 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 71435?

Affordable rentals are more common in ZIP Code 71435 than in Louisiana overall. The percentage of housing rentals in ZIP Code 71435 costing $999 or less per month (91.9%) is approximately 40% 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 102% lower than the previously mentioned 71435 rate of 91.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 71435?

The most common range for rental cost in ZIP Code 71435 is between $500 and $999 per month. About 69.1% of renters in 71435 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 71435 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 71435 is higher than the rental vacancy rate in the state of Louisiana overall. Rental vacancy of 9.7% in ZIP Code 71435 is about 13% higher than the Louisiana rate of 8.6%. Looking more broadly, rental vacancy in this Grayson, LA region (9.7%) is an estimated 62% 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 71435? How does it compare to other Louisiana regions?

Median household income in ZIP Code 71435 is higher than in the state of Louisiana overall. Annual household income of $50,432 in ZIP Code 71435 is about 2% higher than the Louisiana median of $49,469. Additionally, median household income in this Grayson, LA region ($50,432) is approximately 20% 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 71435 spend on housing costs?

Renters in ZIP Code 71435 spend a lower amount of their income on rent costs than do renters in Louisiana overall. Renters in ZIP Code 71435 spend an estimated 23.49% of their income on rent payments, which is about 23% 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 21% higher than the ZIP Code 71435 estimated rate of 23.49%.
9

Do renters in ZIP Code 71435 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 71435 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 71435 spending 30 percent or more of their income on rent costs (27.3%) is approximately 50% 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 45% higher than the aforementioned 71435 rate of 27.3%.
10

What is the average household size of renter-occupied units in ZIP Code 71435?

The average household size of renter-occupied units in ZIP Code 71435 is higher than in the state of Louisiana overall. Annual household size of 2.93 in ZIP Code 71435 is about 18% higher than the Louisiana median of 2.48. Additionally, median household size in this Grayson, LA region (2.93) is approximately 18% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Louisiana ZIP Codes