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Rental Insights for ZIP Code 92118 (Coronado, CA)

Housing Rentals in ZIP Code 92118 (Coronado, CA)

92118 ZIP Code in California

An In-depth Dive Into Housing Rentals in ZIP Code 92118

The 92118 ZIP Code is primarily located in Coronado, CA in San Diego County. This California region has a median housing rent payment of $2,479 per month. Approximately 47.1% of housing units in this San Diego County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 5.5%.

The median rent in ZIP Code 92118 of $2,479 per month is 65% higher than the aggregate California median monthly rent of $1,503, and is 133% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 35.1% of renters in ZIP Code 92118 pay $3,000 or more per month for housing. That is 424% higher than in California overall, in which 6.7% of total state residents pay $3,000 or more per month for housing. Just 0.3% of renters in ZIP Code 92118 pay less than $500 for monthly rent.

ZIP Code 92118 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 92118

See the chart below for a comparison of monthly rental costs in ZIP Code 92118, California, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 92118 along with those in the state of California and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 92118

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

Cost ZIP 92118 California U.S.
Less than $500 0.3% 4.9% 9.4%
$500 to $999 2.5% 16.5% 36.2%
$1,000 to $1,499 8.7% 28.6% 30.0%
$1,500 to $1,999 17.0% 23.2% 14.0%
$2,000 to $2,499 22.4% 13.4% 5.6%
$2,500 to $2,999 14.0% 6.9% 2.4%
$3,000 or more 35.1% 6.7% 2.4%

Rent Cost vs. Income in ZIP Code 92118

Renters in ZIP Code 92118 use an estimated 30.72% of their income to cover their monthly rent payments. That is about 2% lower than in California overall. The estimate for California overall is 31.23% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 92118 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 92118 come in higher than in California as a whole. The median annual household income in ZIP Code 92118 of $108,967 sits approximately 45% higher than the overall California median income of $75,235 and approximately 73% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 92118

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 92118, California, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 92118 along with the same calculations in the state of California 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 92118

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

Rent Cost as % of Income ZIP 92118 California U.S.
Less than 15.0 percent 9.7% 10.3% 13.1%
15.0 to 19.9 percent 12.8% 11.2% 12.9%
20.0 to 24.9 percent 15.3% 12.2% 12.9%
25.0 to 29.9 percent 9.8% 11.5% 11.6%
30.0 to 34.9 percent 9.0% 9.6% 9.1%
35.0 percent or more 43.4% 45.2% 40.5%

Household Income in ZIP Code 92118

See the table below for the regional comparison of annual household income in ZIP Code 92118.

Income ZIP 92118 California U.S.
Less than $10,000 4.6% 4.8% 6.0%
$10,000 to $14,999 1.8% 4.1% 4.3%
$15,000 to $24,999 3.7% 7.5% 8.9%
$25,000 to $34,999 4.2% 7.5% 8.9%
$35,000 to $49,999 5.4% 10.5% 12.3%
$50,000 to $74,999 11.7% 15.5% 17.2%
$75,000 to $99,999 12.9% 12.4% 12.7%
$100,000 to $149,999 21.9% 16.6% 15.1%
$150,000 to $199,999 10.6% 8.9% 6.8%
$200,000 or more 23.1% 12.2% 7.7%

Household Income in ZIP Code 92118

See the chart below for a comparison of annual household income figures in ZIP Code 92118, California, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 92118 alongside the same figures for the state of California and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 92118

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 92118.

ZIP 92118 California U.S.
Median Housing Rent $2,479 $1,503 $1,062
Renter-Occupied Housing Units 47.1% 45.2% 36.0%
Rental Vacancy Rate 5.5% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.60 2.88 2.49
Average # of Bedrooms Per Unit 2.64 2.63 2.75
Percent of Income Spent on Rent 30.72% 31.23% 29.83%
Per Capita Income $63,460 $36,955 $34,103
Median Household Income $157,746 $106,916 $88,607
Living Below the Poverty Line 4.5% 9.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 92118

In ZIP Code 92118 (Coronado, CA), and estimated 47.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.5%.

The per capita income in 92118 is estimated at $63,460, which goes along with an estimated median household income of $157,746. About 4.5% of residents in this San Diego County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.60 occupants, while the units have an aggregate average size of 2.64 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.72% of their income on housing rental costs.

Rental FAQs for ZIP Code 92118

1

What is the median monthly rent in ZIP Code 92118?

Median rent for housing in ZIP Code 92118 in San Diego County in California is approximately $2,479 per month.
2

Is it expensive to rent in ZIP Code 92118?

Rent in ZIP Code 92118 is higher than average in the state of California overall. The median monthly rent of $2,479 in ZIP Code 92118 is approximately 65% higher than the California median of $1,503. Additionally, median rent in this Coronado, CA region ($2,479) is about 133% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 92118?

High-priced rentals are more common in ZIP Code 92118 than in California overall. The percentage of rentals in ZIP Code 92118 that cost $3,000 or more per month (35.1%) is about 424% higher than the California rate of 6.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 1363% lower than the aforementioned 92118 rate of 35.1%.
4

Are affordable rentals common in ZIP Code 92118?

Affordable rentals are less common in ZIP Code 92118 than in California overall. The percentage of housing rentals in ZIP Code 92118 costing $999 or less per month (2.8%) is approximately 87% lower than the California rate of 21.4% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 94% higher than the previously mentioned 92118 rate of 2.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 92118?

The most common range for rental cost in ZIP Code 92118 is $3,000 or more per month. About 35.1% of renters in 92118 pay in this range for monthly rent. In comparison, approximately 6.7% of renters in the state of California fall in the $3,000 or more range, and 2.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 92118 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 92118 is higher than the rental vacancy rate in the state of California overall. Rental vacancy of 5.5% in ZIP Code 92118 is about 53% higher than the California rate of 3.6%. Looking more broadly, rental vacancy in this Coronado, CA region (5.5%) is an estimated 8% 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 92118? How does it compare to other California regions?

Median household income in ZIP Code 92118 is higher than in the state of California overall. Annual household income of $108,967 in ZIP Code 92118 is about 45% higher than the California median of $75,235. Additionally, median household income in this Coronado, CA region ($108,967) is approximately 73% higher 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 92118 spend on housing costs?

Renters in ZIP Code 92118 spend a lower amount of their income on rent costs than do renters in California overall. Renters in ZIP Code 92118 spend an estimated 30.72% of their income on rent payments, which is about 2% lower than the overall California estimated rate of 31.23%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 3% lower than the ZIP Code 92118 estimated rate of 30.72%.
9

Do renters in ZIP Code 92118 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 92118 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 92118 spending 30 percent or more of their income on rent costs (52.4%) is approximately 4% lower than the California rate of 54.8% 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 6% lower than the aforementioned 92118 rate of 52.4%.
10

What is the average household size of renter-occupied units in ZIP Code 92118?

The average household size of renter-occupied units in ZIP Code 92118 is lower than in the state of California overall. Annual household size of 2.60 in ZIP Code 92118 is about 10% lower than the California median of 2.88. Additionally, median household size in this Coronado, CA region (2.60) is approximately 4% higher than median household size of 2.49 in the U.S. as a whole.

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