Renters Local

Rental Insights for ZIP Code 12937 (Fort Covington, NY)

Housing Rentals in ZIP Code 12937 (Fort Covington, NY)

12937 ZIP Code in New York

Information for Renters in ZIP Code 12937

ZIP Code 12937 is predominantly located in Fort Covington, NY in Franklin County. This New York region has a median housing rent payment of $801 per month. About 26.1% of housing units in this Franklin County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of 5.0%.

The median rent in ZIP Code 12937 of $801 per month is 37% lower than the aggregate New York median monthly rent of $1,280, and is 25% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 81.8% of renters in ZIP Code 12937 pay between $500 and $999 per month for housing. That is 247% higher than in New York overall, in which 23.6% of total state residents pay between $500 and $999 per month for housing. Just 5.0% of renters in ZIP Code 12937 pay less than $500 per month for housing.

ZIP Code 12937 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 12937

See the chart below for a comparison of monthly rental costs in ZIP Code 12937, New York, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 12937 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 12937

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

Cost ZIP 12937 New York U.S.
Less than $500 5.0% 10.6% 9.4%
$500 to $999 81.8% 23.6% 36.2%
$1,000 to $1,499 6.9% 27.4% 30.0%
$1,500 to $1,999 0.0% 18.9% 14.0%
$2,000 to $2,499 6.3% 9.1% 5.6%
$2,500 to $2,999 0.0% 4.4% 2.4%
$3,000 or more 0.0% 6.0% 2.4%

Rent Cost vs. Income in ZIP Code 12937

Renters in ZIP Code 12937 use an estimated 33.14% of their income to cover their monthly rent payments. That is about 10% 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 12937 renters use about 11% more of their income to cover rent expense. Household income figures for ZIP Code 12937 come in lower than in New York as a whole. The median annual household income in ZIP Code 12937 of $45,800 sits approximately 33% lower than the overall New York median income of $68,486 and approximately 27% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 12937

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 12937, 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 12937 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 12937

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

Rent Cost as % of Income ZIP 12937 New York U.S.
Less than 15.0 percent 2.5% 13.9% 13.1%
15.0 to 19.9 percent 24.5% 11.6% 12.9%
20.0 to 24.9 percent 11.9% 11.6% 12.9%
25.0 to 29.9 percent 0.0% 10.7% 11.6%
30.0 to 34.9 percent 0.0% 9.1% 9.1%
35.0 percent or more 61.0% 43.1% 40.5%

Household Income in ZIP Code 12937

See the table below for the regional comparison of annual household income in ZIP Code 12937.

Income ZIP 12937 New York U.S.
Less than $10,000 5.0% 6.6% 6.0%
$10,000 to $14,999 3.6% 4.8% 4.3%
$15,000 to $24,999 18.5% 8.5% 8.9%
$25,000 to $34,999 8.4% 7.9% 8.9%
$35,000 to $49,999 24.5% 10.6% 12.3%
$50,000 to $74,999 17.9% 15.2% 17.2%
$75,000 to $99,999 9.9% 12.0% 12.7%
$100,000 to $149,999 11.4% 15.7% 15.1%
$150,000 to $199,999 0.5% 8.1% 6.8%
$200,000 or more 0.3% 10.7% 7.7%

Household Income in ZIP Code 12937

See the chart below for a comparison of annual household income figures in ZIP Code 12937, New York, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 12937 alongside the same figures for the state of New York and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 12937

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 12937.

ZIP 12937 New York U.S.
Median Housing Rent $801 $1,280 $1,062
Renter-Occupied Housing Units 26.1% 46.1% 36.0%
Rental Vacancy Rate 5.0% 4.2% 6.0%
Average Size of Renter-Occupied Unit 2.17 2.41 2.49
Average # of Bedrooms Per Unit 2.98 2.48 2.75
Percent of Income Spent on Rent 33.14% 30.25% 29.83%
Per Capita Income $17,706 $39,326 $34,103
Median Household Income $50,955 $101,945 $88,607
Living Below the Poverty Line 10.4% 10.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 12937

In ZIP Code 12937 (Fort Covington, NY), and estimated 26.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.0%.

The per capita income in 12937 is estimated at $17,706, which goes along with an estimated median household income of $50,955. About 10.4% of residents in this Franklin County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.17 occupants, while the units have an aggregate average size of 2.98 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 33.14% of their income on housing rental costs.

Rental FAQs for ZIP Code 12937

1

What is the median monthly rent in ZIP Code 12937?

Median rent for housing in ZIP Code 12937 in Franklin County in New York is approximately $801 per month.
2

Is it expensive to rent in ZIP Code 12937?

Rent in ZIP Code 12937 is lower than average in the state of New York overall. The median monthly rent of $801 in ZIP Code 12937 is approximately 37% lower than the New York median of $1,280. Additionally, median rent in this Fort Covington, NY region ($801) is about 25% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 12937?

High-priced rentals are not common in the Fort Covington, NY ZIP Code of 12937, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of New York overall, approximately 6.0% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 12937?

Affordable rentals are more common in ZIP Code 12937 than in New York overall. The percentage of housing rentals in ZIP Code 12937 costing $999 or less per month (86.8%) is approximately 154% higher 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 90% lower than the previously mentioned 12937 rate of 86.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 12937?

The most common range for rental cost in ZIP Code 12937 is between $500 and $999 per month. About 81.8% of renters in 12937 pay in this range for monthly rent. In comparison, approximately 23.6% of renters in the state of New York fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 12937 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 12937 is higher than the rental vacancy rate in the state of New York overall. Rental vacancy of 5.0% in ZIP Code 12937 is about 19% higher than the New York rate of 4.2%. Looking more broadly, rental vacancy in this Fort Covington, NY region (5.0%) is an estimated 17% 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 12937? How does it compare to other New York regions?

Median household income in ZIP Code 12937 is lower than in the state of New York overall. Annual household income of $45,800 in ZIP Code 12937 is about 33% lower than the New York median of $68,486. Additionally, median household income in this Fort Covington, NY region ($45,800) is approximately 27% 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 12937 spend on housing costs?

Renters in ZIP Code 12937 spend a higher amount of their income on rent costs than do renters in New York overall. Renters in ZIP Code 12937 spend an estimated 33.14% of their income on rent payments, which is about 10% 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 11% lower than the ZIP Code 12937 estimated rate of 33.14%.
9

Do renters in ZIP Code 12937 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 12937 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 12937 spending 30 percent or more of their income on rent costs (61%) is approximately 17% 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 23% lower than the aforementioned 12937 rate of 61%.
10

What is the average household size of renter-occupied units in ZIP Code 12937?

The average household size of renter-occupied units in ZIP Code 12937 is lower than in the state of New York overall. Annual household size of 2.17 in ZIP Code 12937 is about 10% lower than the New York median of 2.41. Additionally, median household size in this Fort Covington, NY region (2.17) is approximately 13% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New York ZIP Codes