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Rental Insights for ZIP Code 83540 (Lapwai, ID)

Housing Rentals in ZIP Code 83540 (Lapwai, ID)

83540 ZIP Code in Idaho

Everything to Know About Rentals in the U.S. ZIP Code 83540

ZIP Code 83540 is primarily associated with Lapwai, ID in Nez Perce County. The estimated median housing rent in this Idaho region is $734 per month. About 38.8% of total housing units in this Nez Perce County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 0.7%.

The median rent in ZIP Code 83540 of $734 per month is 14% lower than the aggregate Idaho median monthly rent of $853, and is 31% lower than the $1,062 the median monthly rent in the U.S. overall. About 75.0% of residents in ZIP Code 83540 pay between $500 and $999 per month for rent. That is 38% higher than in Idaho overall, in which 54.2% of total state residents pay between $500 and $999 per month for housing. Just 5.6% of ZIP Code 83540 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 83540 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 83540

See the chart below for a comparison of monthly rental costs in ZIP Code 83540, Idaho, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 83540 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 83540

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

Cost ZIP 83540 Idaho U.S.
Less than $500 19.4% 12.2% 9.4%
$500 to $999 75.0% 54.2% 36.2%
$1,000 to $1,499 5.6% 26.2% 30.0%
$1,500 to $1,999 0.0% 5.3% 14.0%
$2,000 to $2,499 0.0% 1.1% 5.6%
$2,500 to $2,999 0.0% 0.4% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 83540

Renters in ZIP Code 83540 use an estimated 24.98% of their income to cover their monthly rent payments. That is about 14% 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 83540 renters use about 16% less of their income to cover rent expense. Household income figures for ZIP Code 83540 come in lower than in Idaho as a whole. The median annual household income in ZIP Code 83540 of $50,288 sits approximately 10% lower than the overall Idaho median income of $55,785 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 83540

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 83540, 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 83540 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 83540

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

Rent Cost as % of Income ZIP 83540 Idaho U.S.
Less than 15.0 percent 26.2% 14.9% 13.1%
15.0 to 19.9 percent 16.8% 14.0% 12.9%
20.0 to 24.9 percent 9.0% 13.5% 12.9%
25.0 to 29.9 percent 13.5% 11.4% 11.6%
30.0 to 34.9 percent 9.4% 8.5% 9.1%
35.0 percent or more 25.0% 37.7% 40.5%

Household Income in ZIP Code 83540

See the table below for the regional comparison of annual household income in ZIP Code 83540.

Income ZIP 83540 Idaho U.S.
Less than $10,000 4.9% 5.7% 6.0%
$10,000 to $14,999 8.3% 4.4% 4.3%
$15,000 to $24,999 10.2% 9.8% 8.9%
$25,000 to $34,999 12.4% 10.3% 8.9%
$35,000 to $49,999 14.0% 14.3% 12.3%
$50,000 to $74,999 22.3% 20.2% 17.2%
$75,000 to $99,999 12.0% 12.9% 12.7%
$100,000 to $149,999 10.7% 13.8% 15.1%
$150,000 to $199,999 3.5% 4.6% 6.8%
$200,000 or more 1.8% 4.0% 7.7%

Household Income in ZIP Code 83540

See the chart below for a comparison of annual household income figures in ZIP Code 83540, Idaho, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 83540 alongside the same figures for the state of Idaho and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 83540

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 83540.

ZIP 83540 Idaho U.S.
Median Housing Rent $734 $853 $1,062
Renter-Occupied Housing Units 38.8% 30.0% 36.0%
Rental Vacancy Rate 0.7% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.91 2.54 2.49
Average # of Bedrooms Per Unit 3.14 3.01 2.75
Percent of Income Spent on Rent 24.98% 28.9% 29.83%
Per Capita Income $19,037 $27,970 $34,103
Median Household Income $60,302 $73,810 $88,607
Living Below the Poverty Line 16.1% 9.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 83540

In ZIP Code 83540 (Lapwai, ID), and estimated 38.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.7%.

The per capita income in 83540 is estimated at $19,037, which goes along with an estimated median household income of $60,302. About 16.1% of residents in this Nez Perce County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.91 occupants, while the units have an aggregate average size of 3.14 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.98% of their income on housing rental costs.

Rental FAQs for ZIP Code 83540

1

What is the median monthly rent in ZIP Code 83540?

Median rent for housing in ZIP Code 83540 in Nez Perce County in Idaho is approximately $734 per month.
2

Is it expensive to rent in ZIP Code 83540?

Rent in ZIP Code 83540 is lower than average in the state of Idaho overall. The median monthly rent of $734 in ZIP Code 83540 is approximately 14% lower than the Idaho median of $853. Additionally, median rent in this Lapwai, ID region ($734) is about 31% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 83540?

High-priced rentals are not common in the Lapwai, ID ZIP Code of 83540, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Idaho overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 83540?

Affordable rentals are more common in ZIP Code 83540 than in Idaho overall. The percentage of housing rentals in ZIP Code 83540 costing $999 or less per month (94.4%) is approximately 42% 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 107% lower than the previously mentioned 83540 rate of 94.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 83540?

The most common range for rental cost in ZIP Code 83540 is between $500 and $999 per month. About 75.0% of renters in 83540 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 83540 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 83540 is lower than the rental vacancy rate in the state of Idaho overall. Rental vacancy of 0.7% in ZIP Code 83540 is about 86% lower than the Idaho rate of 5.1%. Looking more broadly, rental vacancy in this Lapwai, ID region (0.7%) is an estimated 88% 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 83540? How does it compare to other Idaho regions?

Median household income in ZIP Code 83540 is lower than in the state of Idaho overall. Annual household income of $50,288 in ZIP Code 83540 is about 10% lower than the Idaho median of $55,785. Additionally, median household income in this Lapwai, ID region ($50,288) 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 83540 spend on housing costs?

Renters in ZIP Code 83540 spend a lower amount of their income on rent costs than do renters in Idaho overall. Renters in ZIP Code 83540 spend an estimated 24.98% of their income on rent payments, which is about 14% 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 16% higher than the ZIP Code 83540 estimated rate of 24.98%.
9

Do renters in ZIP Code 83540 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 83540 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 83540 spending 30 percent or more of their income on rent costs (34.4%) is approximately 26% lower 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 31% higher than the aforementioned 83540 rate of 34.4%.
10

What is the average household size of renter-occupied units in ZIP Code 83540?

The average household size of renter-occupied units in ZIP Code 83540 is higher than in the state of Idaho overall. Annual household size of 2.91 in ZIP Code 83540 is about 15% higher than the Idaho median of 2.54. Additionally, median household size in this Lapwai, ID region (2.91) is approximately 17% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Idaho ZIP Codes