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Rental Insights for ZIP Code 10996 (West Point, NY)

Housing Rentals in ZIP Code 10996 (West Point, NY)

10996 ZIP Code in New York

Information for Renters in ZIP Code 10996

ZIP Code 10996 is predominantly located in West Point, NY in Orange County. The median housing rent in this New York region is estimated at $3,142 per month. About 99.0% of housing units in this Orange County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 10996 of $3,142 per month is 145% higher than the aggregate New York median monthly rent of $1,280, and is 196% higher than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 10996, about 59.6% of renters pay $3,000 or more per month for housing. That is 893% higher than in New York overall, in which 6.0% of total state residents pay $3,000 or more per month for housing. Just 1.3% of renters in ZIP Code 10996 pay between $500 and $999 per month for housing.

ZIP Code 10996 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 10996

See the chart below for a comparison of monthly rental costs in ZIP Code 10996, New York, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 10996 along with those in the state of New York and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 10996

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

Cost ZIP 10996 New York U.S.
Less than $500 0.0% 10.6% 9.4%
$500 to $999 1.3% 23.6% 36.2%
$1,000 to $1,499 0.0% 27.4% 30.0%
$1,500 to $1,999 0.0% 18.9% 14.0%
$2,000 to $2,499 17.2% 9.1% 5.6%
$2,500 to $2,999 21.9% 4.4% 2.4%
$3,000 or more 59.6% 6.0% 2.4%

Rent Cost vs. Income in ZIP Code 10996

Renters in ZIP Code 10996 use an estimated 31.8% of their income to cover their monthly rent payments. That is about 5% higher than in New York overall. The estimate for New York overall is 30.25% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 10996 renters use about 7% more of their income to cover rent expense. Household income figures for ZIP Code 10996 come in higher than in New York as a whole. The median annual household income in ZIP Code 10996 of $115,217 sits approximately 68% higher than the overall New York median income of $68,486 and approximately 83% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 10996

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 10996, New York, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 10996 along with the same calculations in the state of New York 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 10996

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

Rent Cost as % of Income ZIP 10996 New York U.S.
Less than 15.0 percent 2.2% 13.9% 13.1%
15.0 to 19.9 percent 10.9% 11.6% 12.9%
20.0 to 24.9 percent 16.5% 11.6% 12.9%
25.0 to 29.9 percent 11.5% 10.7% 11.6%
30.0 to 34.9 percent 21.9% 9.1% 9.1%
35.0 percent or more 36.9% 43.1% 40.5%

Household Income in ZIP Code 10996

See the table below for the regional comparison of annual household income in ZIP Code 10996.

Income ZIP 10996 New York U.S.
Less than $10,000 0.0% 6.6% 6.0%
$10,000 to $14,999 0.0% 4.8% 4.3%
$15,000 to $24,999 0.0% 8.5% 8.9%
$25,000 to $34,999 2.3% 7.9% 8.9%
$35,000 to $49,999 2.7% 10.6% 12.3%
$50,000 to $74,999 9.7% 15.2% 17.2%
$75,000 to $99,999 15.2% 12.0% 12.7%
$100,000 to $149,999 42.5% 15.7% 15.1%
$150,000 to $199,999 7.5% 8.1% 6.8%
$200,000 or more 20.0% 10.7% 7.7%

Household Income in ZIP Code 10996

See the chart below for a comparison of annual household income figures in ZIP Code 10996, New York, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 10996 alongside the same figures for the state of New York and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 10996

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 10996.

ZIP 10996 New York U.S.
Median Housing Rent $3,142 $1,280 $1,062
Renter-Occupied Housing Units 99.0% 46.1% 36.0%
Rental Vacancy Rate 0.0% 4.2% 6.0%
Average Size of Renter-Occupied Unit 3.79 2.41 2.49
Average # of Bedrooms Per Unit 3.54 2.48 2.75
Percent of Income Spent on Rent 31.8% 30.25% 29.83%
Per Capita Income $23,301 $39,326 $34,103
Median Household Income $132,145 $101,945 $88,607
Living Below the Poverty Line 0.0% 10.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 10996

In ZIP Code 10996 (West Point, NY), and estimated 99.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 10996 is estimated at $23,301, which goes along with an estimated median household income of $132,145. About 0.0% of residents in this Orange County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.79 occupants, while the units have an aggregate average size of 3.54 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.8% of their income on housing rental costs.

Rental FAQs for ZIP Code 10996

1

What is the median monthly rent in ZIP Code 10996?

Median rent for housing in ZIP Code 10996 in Orange County in New York is approximately $3,142 per month.
2

Is it expensive to rent in ZIP Code 10996?

Rent in ZIP Code 10996 is higher than average in the state of New York overall. The median monthly rent of $3,142 in ZIP Code 10996 is approximately 145% higher than the New York median of $1,280. Additionally, median rent in this West Point, NY region ($3,142) is about 196% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 10996?

High-priced rentals are more common in ZIP Code 10996 than in New York overall. The percentage of rentals in ZIP Code 10996 that cost $3,000 or more per month (59.6%) is about 893% higher than the New York rate of 6.0% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 2383% lower than the aforementioned 10996 rate of 59.6%.
4

Are affordable rentals common in ZIP Code 10996?

Affordable rentals are less common in ZIP Code 10996 than in New York overall. The percentage of housing rentals in ZIP Code 10996 costing $999 or less per month (1.3%) is approximately 96% lower than the New York rate of 34.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 97% higher than the previously mentioned 10996 rate of 1.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 10996?

The most common range for rental cost in ZIP Code 10996 is $3,000 or more per month. About 59.6% of renters in 10996 pay in this range for monthly rent. In comparison, approximately 6.0% of renters in the state of New York fall in the $3,000 or more range, and 2.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 10996 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 10996 is lower than the rental vacancy rate in the state of New York overall. Rental vacancy of 0.0% in ZIP Code 10996 is about 100% lower than the New York rate of 4.2%. Looking more broadly, rental vacancy in this West Point, NY 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 10996? How does it compare to other New York regions?

Median household income in ZIP Code 10996 is higher than in the state of New York overall. Annual household income of $115,217 in ZIP Code 10996 is about 68% higher than the New York median of $68,486. Additionally, median household income in this West Point, NY region ($115,217) is approximately 83% 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 10996 spend on housing costs?

Renters in ZIP Code 10996 spend a higher amount of their income on rent costs than do renters in New York overall. Renters in ZIP Code 10996 spend an estimated 31.8% of their income on rent payments, which is about 5% higher than the overall New York estimated rate of 30.25%. 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 10996 estimated rate of 31.8%.
9

Do renters in ZIP Code 10996 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 10996 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 10996 spending 30 percent or more of their income on rent costs (58.8%) is approximately 13% higher than the New York rate of 52.2% 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 19% lower than the aforementioned 10996 rate of 58.8%.
10

What is the average household size of renter-occupied units in ZIP Code 10996?

The average household size of renter-occupied units in ZIP Code 10996 is higher than in the state of New York overall. Annual household size of 3.79 in ZIP Code 10996 is about 57% higher than the New York median of 2.41. Additionally, median household size in this West Point, NY region (3.79) is approximately 52% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New York ZIP Codes