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Rental Insights for ZIP Code 83401 (Idaho Falls, ID)

Housing Rentals in ZIP Code 83401 (Idaho Falls, ID)

83401 ZIP Code in Idaho

Everything to Know About Rentals in the U.S. ZIP Code 83401

ZIP Code 83401 is primarily associated with Idaho Falls, ID in Bonneville County. The estimated median housing rent in this Idaho region is $837 per month. About 31.9% of housing units in the region are renter-occupied, and this Bonneville County ZIP Code has an approximate rental vacancy rate of 2.5%.

The median rent in ZIP Code 83401 of $837 per month is 2% lower than the aggregate Idaho median monthly rent of $853, and is 21% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 72.5% of residents in ZIP Code 83401 pay between $500 and $999 per month for rent. That is 34% higher than in Idaho overall, in which 54.2% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 83401 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 83401

See the chart below for a comparison of monthly rental costs in ZIP Code 83401, Idaho, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 83401 along with those in the state of Idaho and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 83401

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

Cost ZIP 83401 Idaho U.S.
Less than $500 3.3% 12.2% 9.4%
$500 to $999 72.5% 54.2% 36.2%
$1,000 to $1,499 20.6% 26.2% 30.0%
$1,500 to $1,999 1.9% 5.3% 14.0%
$2,000 to $2,499 0.5% 1.1% 5.6%
$2,500 to $2,999 0.0% 0.4% 2.4%
$3,000 or more 1.2% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 83401

Renters in ZIP Code 83401 use an estimated 28.86% of their income to cover their monthly rent payments. That is about 0% lower than in Idaho overall. The estimate for Idaho overall is 28.9% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 83401 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 83401 come in higher than in Idaho as a whole. The median annual household income in ZIP Code 83401 of $56,752 sits approximately 2% higher than the overall Idaho median income of $55,785 and approximately 10% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 83401

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 83401, Idaho, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 83401 along with the same calculations in the state of Idaho 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 83401

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

Rent Cost as % of Income ZIP 83401 Idaho U.S.
Less than 15.0 percent 16.6% 14.9% 13.1%
15.0 to 19.9 percent 13.0% 14.0% 12.9%
20.0 to 24.9 percent 10.9% 13.5% 12.9%
25.0 to 29.9 percent 12.3% 11.4% 11.6%
30.0 to 34.9 percent 9.3% 8.5% 9.1%
35.0 percent or more 37.8% 37.7% 40.5%

Household Income in ZIP Code 83401

See the table below for the regional comparison of annual household income in ZIP Code 83401.

Income ZIP 83401 Idaho U.S.
Less than $10,000 3.9% 5.7% 6.0%
$10,000 to $14,999 4.0% 4.4% 4.3%
$15,000 to $24,999 10.1% 9.8% 8.9%
$25,000 to $34,999 9.0% 10.3% 8.9%
$35,000 to $49,999 16.4% 14.3% 12.3%
$50,000 to $74,999 22.3% 20.2% 17.2%
$75,000 to $99,999 13.9% 12.9% 12.7%
$100,000 to $149,999 13.7% 13.8% 15.1%
$150,000 to $199,999 3.8% 4.6% 6.8%
$200,000 or more 2.9% 4.0% 7.7%

Household Income in ZIP Code 83401

See the chart below for a comparison of annual household income figures in ZIP Code 83401, Idaho, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 83401 alongside the same figures for the state of Idaho and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 83401

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 83401.

ZIP 83401 Idaho U.S.
Median Housing Rent $837 $853 $1,062
Renter-Occupied Housing Units 31.9% 30.0% 36.0%
Rental Vacancy Rate 2.5% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.84 2.54 2.49
Average # of Bedrooms Per Unit 3.45 3.01 2.75
Percent of Income Spent on Rent 28.86% 28.9% 29.83%
Per Capita Income $23,186 $27,970 $34,103
Median Household Income $69,864 $73,810 $88,607
Living Below the Poverty Line 8.8% 9.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 83401

In ZIP Code 83401 (Idaho Falls, ID), and estimated 31.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.5%.

The per capita income in 83401 is estimated at $23,186, which goes along with an estimated median household income of $69,864. About 8.8% of residents in this Bonneville County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.84 occupants, while the units have an aggregate average size of 3.45 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.86% of their income on housing rental costs.

Rental FAQs for ZIP Code 83401

1

What is the median monthly rent in ZIP Code 83401?

Median rent for housing in ZIP Code 83401 in Bonneville County in Idaho is approximately $837 per month.
2

Is it expensive to rent in ZIP Code 83401?

Rent in ZIP Code 83401 is lower than average in the state of Idaho overall. The median monthly rent of $837 in ZIP Code 83401 is approximately 2% lower than the Idaho median of $853. Additionally, median rent in this Idaho Falls, ID region ($837) is about 21% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 83401?

High-priced rentals are more common in ZIP Code 83401 than in Idaho overall. The percentage of rentals in ZIP Code 83401 that cost $3,000 or more per month (1.2%) is about 100% higher than the Idaho rate of 0.6% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 50% higher than the aforementioned 83401 rate of 1.2%.
4

Are affordable rentals common in ZIP Code 83401?

Affordable rentals are more common in ZIP Code 83401 than in Idaho overall. The percentage of housing rentals in ZIP Code 83401 costing $999 or less per month (75.8%) is approximately 14% higher than the Idaho rate of 66.4% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 66% lower than the previously mentioned 83401 rate of 75.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 83401?

The most common range for rental cost in ZIP Code 83401 is between $500 and $999 per month. About 72.5% of renters in 83401 pay in this range for monthly rent. In comparison, approximately 54.2% of renters in the state of Idaho fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 83401 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 83401 is lower than the rental vacancy rate in the state of Idaho overall. Rental vacancy of 2.5% in ZIP Code 83401 is about 51% lower than the Idaho rate of 5.1%. Looking more broadly, rental vacancy in this Idaho Falls, ID region (2.5%) is an estimated 58% 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 83401? How does it compare to other Idaho regions?

Median household income in ZIP Code 83401 is higher than in the state of Idaho overall. Annual household income of $56,752 in ZIP Code 83401 is about 2% higher than the Idaho median of $55,785. Additionally, median household income in this Idaho Falls, ID region ($56,752) is approximately 10% 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 83401 spend on housing costs?

Renters in ZIP Code 83401 spend a lower amount of their income on rent costs than do renters in Idaho overall. Renters in ZIP Code 83401 spend an estimated 28.86% of their income on rent payments, which is about 0% lower than the overall Idaho estimated rate of 28.9%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 3% higher than the ZIP Code 83401 estimated rate of 28.86%.
9

Do renters in ZIP Code 83401 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 83401 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 83401 spending 30 percent or more of their income on rent costs (47.1%) is approximately 2% higher than the Idaho rate of 46.2% 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 5% higher than the aforementioned 83401 rate of 47.1%.
10

What is the average household size of renter-occupied units in ZIP Code 83401?

The average household size of renter-occupied units in ZIP Code 83401 is higher than in the state of Idaho overall. Annual household size of 2.84 in ZIP Code 83401 is about 12% higher than the Idaho median of 2.54. Additionally, median household size in this Idaho Falls, ID region (2.84) is approximately 14% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Idaho ZIP Codes