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Rental Insights for ZIP Code 84307 (Corinne, UT)

Housing Rentals in ZIP Code 84307 (Corinne, UT)

84307 ZIP Code in Utah

Everything to Know About Rentals in the U.S. ZIP Code 84307

ZIP Code 84307 is primarily associated with Corinne, UT in Box Elder County. This Utah region has an estimated median housing rent of $941 per month. Approximately 11.1% of housing units in the region are renter-occupied, and this this Box Elder County ZIP Code has an estimated rental vacancy rate of zero.

The median rent in ZIP Code 84307 of $941 per month is 9% lower than the aggregate Utah median monthly rent of $1,037, and is 11% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 66.7% of residents in ZIP Code 84307 pay between $500 and $999 per month for rent. That is 68% higher than in Utah overall, in which 39.7% of total state residents pay between $500 and $999 per month for housing. Only 33.3% of ZIP Code 84307 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 84307 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 84307

See the chart below for a comparison of monthly rental costs in ZIP Code 84307, Utah, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 84307 along with those in the state of Utah and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 84307

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

Cost ZIP 84307 Utah U.S.
Less than $500 0.0% 7.2% 9.4%
$500 to $999 66.7% 39.7% 36.2%
$1,000 to $1,499 33.3% 35.4% 30.0%
$1,500 to $1,999 0.0% 13.2% 14.0%
$2,000 to $2,499 0.0% 3.0% 5.6%
$2,500 to $2,999 0.0% 0.8% 2.4%
$3,000 or more 0.0% 0.8% 2.4%

Rent Cost vs. Income in ZIP Code 84307

Renters in ZIP Code 84307 use an estimated 23.79% of their income to cover their monthly rent payments. That is about 17% lower than in Utah overall. The estimate for Utah overall is 28.59% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 84307 renters use about 20% less of their income to cover rent expense. Household income figures for ZIP Code 84307 come in lower than in Utah as a whole. The median annual household income in ZIP Code 84307 of $56,094 sits approximately 22% lower than the overall Utah median income of $71,621 and approximately 11% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 84307

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 84307, Utah, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 84307 along with the same calculations in the state of Utah 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 84307

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

Rent Cost as % of Income ZIP 84307 Utah U.S.
Less than 15.0 percent 0.0% 13.9% 13.1%
15.0 to 19.9 percent 43.6% 15.1% 12.9%
20.0 to 24.9 percent 17.9% 14.5% 12.9%
25.0 to 29.9 percent 28.2% 11.9% 11.6%
30.0 to 34.9 percent 0.0% 9.3% 9.1%
35.0 percent or more 10.3% 35.3% 40.5%

Household Income in ZIP Code 84307

See the table below for the regional comparison of annual household income in ZIP Code 84307.

Income ZIP 84307 Utah U.S.
Less than $10,000 3.0% 3.9% 6.0%
$10,000 to $14,999 0.3% 2.9% 4.3%
$15,000 to $24,999 4.6% 6.4% 8.9%
$25,000 to $34,999 3.0% 7.7% 8.9%
$35,000 to $49,999 19.5% 12.1% 12.3%
$50,000 to $74,999 32.8% 19.5% 17.2%
$75,000 to $99,999 20.1% 15.5% 12.7%
$100,000 to $149,999 13.3% 18.5% 15.1%
$150,000 to $199,999 3.5% 7.2% 6.8%
$200,000 or more 0.0% 6.4% 7.7%

Household Income in ZIP Code 84307

See the chart below for a comparison of annual household income figures in ZIP Code 84307, Utah, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 84307 alongside the same figures for the state of Utah and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 84307

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 84307.

ZIP 84307 Utah U.S.
Median Housing Rent $941 $1,037 $1,062
Renter-Occupied Housing Units 11.1% 29.8% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 4.15 2.80 2.49
Average # of Bedrooms Per Unit 3.45 3.43 2.75
Percent of Income Spent on Rent 23.79% 28.59% 29.83%
Per Capita Income $25,249 $29,775 $34,103
Median Household Income $68,666 $91,292 $88,607
Living Below the Poverty Line 6.3% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 84307

In ZIP Code 84307 (Corinne, UT), and estimated 11.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 84307 is estimated at $25,249, which goes along with an estimated median household income of $68,666. About 6.3% of residents in this Box Elder County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 4.15 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 23.79% of their income on housing rental costs.

Rental FAQs for ZIP Code 84307

1

What is the median monthly rent in ZIP Code 84307?

Median rent for housing in ZIP Code 84307 in Box Elder County in Utah is approximately $941 per month.
2

Is it expensive to rent in ZIP Code 84307?

Rent in ZIP Code 84307 is lower than average in the state of Utah overall. The median monthly rent of $941 in ZIP Code 84307 is approximately 9% lower than the Utah median of $1,037. Additionally, median rent in this Corinne, UT region ($941) is about 11% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 84307?

High-priced rentals are not common in the Corinne, UT ZIP Code of 84307, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Utah overall, approximately 0.8% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 84307?

Affordable rentals are more common in ZIP Code 84307 than in Utah overall. The percentage of housing rentals in ZIP Code 84307 costing $999 or less per month (66.7%) is approximately 42% higher than the Utah rate of 46.9% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 46% lower than the previously mentioned 84307 rate of 66.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 84307?

The most common range for rental cost in ZIP Code 84307 is between $500 and $999 per month. About 66.7% of renters in 84307 pay in this range for monthly rent. In comparison, approximately 39.7% of renters in the state of Utah fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 84307 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 84307 is lower than the rental vacancy rate in the state of Utah overall. Rental vacancy of 0.0% in ZIP Code 84307 is about 100% lower than the Utah rate of 6.0%. Looking more broadly, rental vacancy in this Corinne, UT region (0.0%) is an estimated 100% 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 84307? How does it compare to other Utah regions?

Median household income in ZIP Code 84307 is lower than in the state of Utah overall. Annual household income of $56,094 in ZIP Code 84307 is about 22% lower than the Utah median of $71,621. Additionally, median household income in this Corinne, UT region ($56,094) is approximately 11% 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 84307 spend on housing costs?

Renters in ZIP Code 84307 spend a lower amount of their income on rent costs than do renters in Utah overall. Renters in ZIP Code 84307 spend an estimated 23.79% of their income on rent payments, which is about 17% lower than the overall Utah estimated rate of 28.59%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 20% higher than the ZIP Code 84307 estimated rate of 23.79%.
9

Do renters in ZIP Code 84307 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 84307 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 84307 spending 30 percent or more of their income on rent costs (10.3%) is approximately 77% lower than the Utah rate of 44.6% 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 79% higher than the aforementioned 84307 rate of 10.3%.
10

What is the average household size of renter-occupied units in ZIP Code 84307?

The average household size of renter-occupied units in ZIP Code 84307 is higher than in the state of Utah overall. Annual household size of 4.15 in ZIP Code 84307 is about 48% higher than the Utah median of 2.80. Additionally, median household size in this Corinne, UT region (4.15) is approximately 67% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Utah ZIP Codes