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Rental Insights for ZIP Code 84745 (La Verkin, UT)

Housing Rentals in ZIP Code 84745 (La Verkin, UT)

84745 ZIP Code in Utah

Everything to Know About Rentals in the U.S. ZIP Code 84745

ZIP Code 84745 is primarily associated with La Verkin, UT in Washington County. This Utah region has an estimated median housing rent of $1,030 per month. Approximately 16.5% of housing units in this Washington County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 3.5%.

The median rent in ZIP Code 84745 of $1,030 per month is 1% lower than the aggregate Utah median monthly rent of $1,037, and is 3% lower than the $1,062 the median monthly rent in the U.S. overall. About 44.9% of residents in ZIP Code 84745 pay between $1,000 and $1,499 per month for rent. That is 27% higher than in Utah overall, in which 35.4% of total state residents pay between $1,000 and $1,499 per month for housing. Only 5.4% of renters in this La Verkin, UT region pay less than $500 per month for rent.

ZIP Code 84745 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 84745

See the chart below for a comparison of monthly rental costs in ZIP Code 84745, Utah, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 84745 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 84745

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

Cost ZIP 84745 Utah U.S.
Less than $500 5.4% 7.2% 9.4%
$500 to $999 42.2% 39.7% 36.2%
$1,000 to $1,499 44.9% 35.4% 30.0%
$1,500 to $1,999 7.6% 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 84745

Renters in ZIP Code 84745 use an estimated 31.79% of their income to cover their monthly rent payments. That is about 11% higher 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 84745 renters use about 7% more of their income to cover rent expense. Household income figures for ZIP Code 84745 come in lower than in Utah as a whole. The median annual household income in ZIP Code 84745 of $52,704 sits approximately 26% lower than the overall Utah median income of $71,621 and approximately 16% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 84745

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 84745, 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 84745 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 84745

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

Rent Cost as % of Income ZIP 84745 Utah U.S.
Less than 15.0 percent 9.2% 13.9% 13.1%
15.0 to 19.9 percent 4.3% 15.1% 12.9%
20.0 to 24.9 percent 17.3% 14.5% 12.9%
25.0 to 29.9 percent 16.2% 11.9% 11.6%
30.0 to 34.9 percent 7.6% 9.3% 9.1%
35.0 percent or more 45.4% 35.3% 40.5%

Household Income in ZIP Code 84745

See the table below for the regional comparison of annual household income in ZIP Code 84745.

Income ZIP 84745 Utah U.S.
Less than $10,000 4.3% 3.9% 6.0%
$10,000 to $14,999 2.5% 2.9% 4.3%
$15,000 to $24,999 12.3% 6.4% 8.9%
$25,000 to $34,999 11.6% 7.7% 8.9%
$35,000 to $49,999 18.8% 12.1% 12.3%
$50,000 to $74,999 31.7% 19.5% 17.2%
$75,000 to $99,999 9.6% 15.5% 12.7%
$100,000 to $149,999 8.1% 18.5% 15.1%
$150,000 to $199,999 0.5% 7.2% 6.8%
$200,000 or more 0.6% 6.4% 7.7%

Household Income in ZIP Code 84745

See the chart below for a comparison of annual household income figures in ZIP Code 84745, Utah, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 84745 alongside the same figures for the state of Utah and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 84745

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 84745.

ZIP 84745 Utah U.S.
Median Housing Rent $1,030 $1,037 $1,062
Renter-Occupied Housing Units 16.5% 29.8% 36.0%
Rental Vacancy Rate 3.5% 6.0% 6.0%
Average Size of Renter-Occupied Unit 3.65 2.80 2.49
Average # of Bedrooms Per Unit 3.31 3.43 2.75
Percent of Income Spent on Rent 31.79% 28.59% 29.83%
Per Capita Income $17,093 $29,775 $34,103
Median Household Income $53,728 $91,292 $88,607
Living Below the Poverty Line 11.7% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 84745

In ZIP Code 84745 (La Verkin, UT), and estimated 16.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.5%.

The per capita income in 84745 is estimated at $17,093, which goes along with an estimated median household income of $53,728. About 11.7% of residents in this Washington County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.65 occupants, while the units have an aggregate average size of 3.31 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.79% of their income on housing rental costs.

Rental FAQs for ZIP Code 84745

1

What is the median monthly rent in ZIP Code 84745?

Median rent for housing in ZIP Code 84745 in Washington County in Utah is approximately $1,030 per month.
2

Is it expensive to rent in ZIP Code 84745?

Rent in ZIP Code 84745 is lower than average in the state of Utah overall. The median monthly rent of $1,030 in ZIP Code 84745 is approximately 1% lower than the Utah median of $1,037. Additionally, median rent in this La Verkin, UT region ($1,030) is about 3% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 84745?

High-priced rentals are not common in the La Verkin, UT ZIP Code of 84745, 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 84745?

Affordable rentals are more common in ZIP Code 84745 than in Utah overall. The percentage of housing rentals in ZIP Code 84745 costing $999 or less per month (47.6%) is approximately 1% 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 4% lower than the previously mentioned 84745 rate of 47.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 84745?

The most common range for rental cost in ZIP Code 84745 is between $1,000 and $1,499 per month. About 44.9% of renters in 84745 pay in this range for monthly rent. In comparison, approximately 35.4% of renters in the state of Utah fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 84745 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 84745 is lower than the rental vacancy rate in the state of Utah overall. Rental vacancy of 3.5% in ZIP Code 84745 is about 42% lower than the Utah rate of 6.0%. Looking more broadly, rental vacancy in this La Verkin, UT region (3.5%) is an estimated 42% 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 84745? How does it compare to other Utah regions?

Median household income in ZIP Code 84745 is lower than in the state of Utah overall. Annual household income of $52,704 in ZIP Code 84745 is about 26% lower than the Utah median of $71,621. Additionally, median household income in this La Verkin, UT region ($52,704) is approximately 16% 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 84745 spend on housing costs?

Renters in ZIP Code 84745 spend a higher amount of their income on rent costs than do renters in Utah overall. Renters in ZIP Code 84745 spend an estimated 31.79% of their income on rent payments, which is about 11% higher 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 7% lower than the ZIP Code 84745 estimated rate of 31.79%.
9

Do renters in ZIP Code 84745 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 84745 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 84745 spending 30 percent or more of their income on rent costs (53%) is approximately 19% higher 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 7% lower than the aforementioned 84745 rate of 53%.
10

What is the average household size of renter-occupied units in ZIP Code 84745?

The average household size of renter-occupied units in ZIP Code 84745 is higher than in the state of Utah overall. Annual household size of 3.65 in ZIP Code 84745 is about 30% higher than the Utah median of 2.80. Additionally, median household size in this La Verkin, UT region (3.65) is approximately 47% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Utah ZIP Codes