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Rental Insights for ZIP Code 89429 (Silver Springs, NV)

Housing Rentals in ZIP Code 89429 (Silver Springs, NV)

89429 ZIP Code in Nevada

Everything to Know About Rentals in the U.S. ZIP Code 89429

ZIP Code 89429 is primarily associated with Silver Springs, NV in Lyon County. The median housing rent in this region or Nevada is estimated at $1,008 per month. About 22.5% of housing units in the region are renter-occupied, and this Lyon County ZIP Code has an approximate rental vacancy rate of 4.1%.

The median rent in ZIP Code 89429 of $1,008 per month is 9% lower than the aggregate Nevada median monthly rent of $1,107, and is 5% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 42.4% of residents in ZIP Code 89429 pay between $1,000 and $1,499 per month for rent. That is 6% higher than in Nevada overall, in which 40.1% of total state residents pay between $1,000 and $1,499 per month for housing.

ZIP Code 89429 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 89429

See the chart below for a comparison of monthly rental costs in ZIP Code 89429, Nevada, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 89429 along with those in the state of Nevada and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 89429

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

Cost ZIP 89429 Nevada U.S.
Less than $500 9.1% 3.8% 9.4%
$500 to $999 39.6% 36.2% 36.2%
$1,000 to $1,499 42.4% 40.1% 30.0%
$1,500 to $1,999 2.3% 15.2% 14.0%
$2,000 to $2,499 6.6% 3.4% 5.6%
$2,500 to $2,999 0.0% 0.8% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 89429

Renters in ZIP Code 89429 use an estimated 32.55% of their income to cover their monthly rent payments. That is about 9% higher than in Nevada overall. The estimate for Nevada overall is 29.91% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 89429 renters use about 9% more of their income to cover rent expense. Household income figures for ZIP Code 89429 come in lower than in Nevada as a whole. The median annual household income in ZIP Code 89429 of $46,301 sits approximately 23% lower than the overall Nevada median income of $60,365 and approximately 26% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 89429

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 89429, Nevada, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 89429 along with the same calculations in the state of Nevada 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 89429

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

Rent Cost as % of Income ZIP 89429 Nevada U.S.
Less than 15.0 percent 9.6% 11.9% 13.1%
15.0 to 19.9 percent 8.1% 13.6% 12.9%
20.0 to 24.9 percent 5.1% 13.3% 12.9%
25.0 to 29.9 percent 17.9% 11.6% 11.6%
30.0 to 34.9 percent 11.0% 9.2% 9.1%
35.0 percent or more 48.3% 40.4% 40.5%

Household Income in ZIP Code 89429

See the table below for the regional comparison of annual household income in ZIP Code 89429.

Income ZIP 89429 Nevada U.S.
Less than $10,000 5.9% 6.0% 6.0%
$10,000 to $14,999 6.1% 3.7% 4.3%
$15,000 to $24,999 16.1% 8.8% 8.9%
$25,000 to $34,999 11.0% 9.4% 8.9%
$35,000 to $49,999 13.0% 13.7% 12.3%
$50,000 to $74,999 17.2% 18.7% 17.2%
$75,000 to $99,999 14.0% 13.7% 12.7%
$100,000 to $149,999 10.1% 14.9% 15.1%
$150,000 to $199,999 3.0% 5.8% 6.8%
$200,000 or more 3.6% 5.4% 7.7%

Household Income in ZIP Code 89429

See the chart below for a comparison of annual household income figures in ZIP Code 89429, Nevada, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 89429 alongside the same figures for the state of Nevada and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 89429

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 89429.

ZIP 89429 Nevada U.S.
Median Housing Rent $1,008 $1,107 $1,062
Renter-Occupied Housing Units 22.5% 43.7% 36.0%
Rental Vacancy Rate 4.1% 7.9% 6.0%
Average Size of Renter-Occupied Unit 2.88 2.61 2.49
Average # of Bedrooms Per Unit 2.82 2.74 2.75
Percent of Income Spent on Rent 32.55% 29.91% 29.83%
Per Capita Income $24,202 $31,557 $34,103
Median Household Income $61,746 $81,496 $88,607
Living Below the Poverty Line 7.5% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 89429

In ZIP Code 89429 (Silver Springs, NV), and estimated 22.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.1%.

The per capita income in 89429 is estimated at $24,202, which goes along with an estimated median household income of $61,746. About 7.5% of residents in this Lyon County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.88 occupants, while the units have an aggregate average size of 2.82 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.55% of their income on housing rental costs.

Rental FAQs for ZIP Code 89429

1

What is the median monthly rent in ZIP Code 89429?

Median rent for housing in ZIP Code 89429 in Lyon County in Nevada is approximately $1,008 per month.
2

Is it expensive to rent in ZIP Code 89429?

Rent in ZIP Code 89429 is lower than average in the state of Nevada overall. The median monthly rent of $1,008 in ZIP Code 89429 is approximately 9% lower than the Nevada median of $1,107. Additionally, median rent in this Silver Springs, NV region ($1,008) is about 5% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 89429?

High-priced rentals are not common in the Silver Springs, NV ZIP Code of 89429, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Nevada 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 89429?

Affordable rentals are more common in ZIP Code 89429 than in Nevada overall. The percentage of housing rentals in ZIP Code 89429 costing $999 or less per month (48.7%) is approximately 22% higher than the Nevada rate of 40% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 7% lower than the previously mentioned 89429 rate of 48.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 89429?

The most common range for rental cost in ZIP Code 89429 is between $1,000 and $1,499 per month. About 42.4% of renters in 89429 pay in this range for monthly rent. In comparison, approximately 40.1% of renters in the state of Nevada 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 89429 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 89429 is lower than the rental vacancy rate in the state of Nevada overall. Rental vacancy of 4.1% in ZIP Code 89429 is about 48% lower than the Nevada rate of 7.9%. Looking more broadly, rental vacancy in this Silver Springs, NV region (4.1%) is an estimated 32% 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 89429? How does it compare to other Nevada regions?

Median household income in ZIP Code 89429 is lower than in the state of Nevada overall. Annual household income of $46,301 in ZIP Code 89429 is about 23% lower than the Nevada median of $60,365. Additionally, median household income in this Silver Springs, NV region ($46,301) is approximately 26% 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 89429 spend on housing costs?

Renters in ZIP Code 89429 spend a higher amount of their income on rent costs than do renters in Nevada overall. Renters in ZIP Code 89429 spend an estimated 32.55% of their income on rent payments, which is about 9% higher than the overall Nevada estimated rate of 29.91%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 9% lower than the ZIP Code 89429 estimated rate of 32.55%.
9

Do renters in ZIP Code 89429 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 89429 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 89429 spending 30 percent or more of their income on rent costs (59.3%) is approximately 20% higher than the Nevada rate of 49.6% 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 20% lower than the aforementioned 89429 rate of 59.3%.
10

What is the average household size of renter-occupied units in ZIP Code 89429?

The average household size of renter-occupied units in ZIP Code 89429 is higher than in the state of Nevada overall. Annual household size of 2.88 in ZIP Code 89429 is about 10% higher than the Nevada median of 2.61. Additionally, median household size in this Silver Springs, NV region (2.88) is approximately 16% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Nevada ZIP Codes