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Rental Insights for ZIP Code 13118 (Moravia, NY)

Housing Rentals in ZIP Code 13118 (Moravia, NY)

13118 ZIP Code in New York

Information for Renters in ZIP Code 13118

ZIP Code 13118 is predominantly located in Moravia, NY in Cayuga County. The estimated median housing rent in this New York region is $724 per month. Approximately 20.2% of housing units in this Cayuga County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 10.8%.

The median rent in ZIP Code 13118 of $724 per month is 43% lower than the aggregate New York median monthly rent of $1,280, and is 32% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 68.9% of renters in ZIP Code 13118 pay between $500 and $999 per month for housing. That is 192% higher than in New York overall, in which 23.6% of total state residents pay between $500 and $999 per month for housing. Just 0.8% of renters in ZIP Code 13118 pay between $1,500 and $1,999 for monthly rent.

ZIP Code 13118 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 13118

See the chart below for a comparison of monthly rental costs in ZIP Code 13118, New York, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 13118 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 13118

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

Cost ZIP 13118 New York U.S.
Less than $500 16.5% 10.6% 9.4%
$500 to $999 68.9% 23.6% 36.2%
$1,000 to $1,499 13.8% 27.4% 30.0%
$1,500 to $1,999 0.8% 18.9% 14.0%
$2,000 to $2,499 0.0% 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 13118

Renters in ZIP Code 13118 use an estimated 24.74% of their income to cover their monthly rent payments. That is about 18% lower 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 13118 renters use about 17% less of their income to cover rent expense. Household income figures for ZIP Code 13118 come in lower than in New York as a whole. The median annual household income in ZIP Code 13118 of $59,883 sits approximately 13% lower than the overall New York median income of $68,486 and approximately 5% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 13118

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 13118, 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 13118 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 13118

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

Rent Cost as % of Income ZIP 13118 New York U.S.
Less than 15.0 percent 29.5% 13.9% 13.1%
15.0 to 19.9 percent 13.1% 11.6% 12.9%
20.0 to 24.9 percent 14.6% 11.6% 12.9%
25.0 to 29.9 percent 7.1% 10.7% 11.6%
30.0 to 34.9 percent 9.6% 9.1% 9.1%
35.0 percent or more 26.2% 43.1% 40.5%

Household Income in ZIP Code 13118

See the table below for the regional comparison of annual household income in ZIP Code 13118.

Income ZIP 13118 New York U.S.
Less than $10,000 4.7% 6.6% 6.0%
$10,000 to $14,999 4.2% 4.8% 4.3%
$15,000 to $24,999 9.8% 8.5% 8.9%
$25,000 to $34,999 11.1% 7.9% 8.9%
$35,000 to $49,999 13.2% 10.6% 12.3%
$50,000 to $74,999 16.9% 15.2% 17.2%
$75,000 to $99,999 16.5% 12.0% 12.7%
$100,000 to $149,999 17.8% 15.7% 15.1%
$150,000 to $199,999 2.6% 8.1% 6.8%
$200,000 or more 3.0% 10.7% 7.7%

Household Income in ZIP Code 13118

See the chart below for a comparison of annual household income figures in ZIP Code 13118, New York, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 13118 alongside the same figures for the state of New York and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 13118

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 13118.

ZIP 13118 New York U.S.
Median Housing Rent $724 $1,280 $1,062
Renter-Occupied Housing Units 20.2% 46.1% 36.0%
Rental Vacancy Rate 10.8% 4.2% 6.0%
Average Size of Renter-Occupied Unit 2.36 2.41 2.49
Average # of Bedrooms Per Unit 2.91 2.48 2.75
Percent of Income Spent on Rent 24.74% 30.25% 29.83%
Per Capita Income $24,728 $39,326 $34,103
Median Household Income $70,555 $101,945 $88,607
Living Below the Poverty Line 6.7% 10.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 13118

In ZIP Code 13118 (Moravia, NY), and estimated 20.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 10.8%.

The per capita income in 13118 is estimated at $24,728, which goes along with an estimated median household income of $70,555. About 6.7% of residents in this Cayuga County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.36 occupants, while the units have an aggregate average size of 2.91 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.74% of their income on housing rental costs.

Rental FAQs for ZIP Code 13118

1

What is the median monthly rent in ZIP Code 13118?

Median rent for housing in ZIP Code 13118 in Cayuga County in New York is approximately $724 per month.
2

Is it expensive to rent in ZIP Code 13118?

Rent in ZIP Code 13118 is lower than average in the state of New York overall. The median monthly rent of $724 in ZIP Code 13118 is approximately 43% lower than the New York median of $1,280. Additionally, median rent in this Moravia, NY region ($724) is about 32% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 13118?

High-priced rentals are not common in the Moravia, NY ZIP Code of 13118, 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 13118?

Affordable rentals are more common in ZIP Code 13118 than in New York overall. The percentage of housing rentals in ZIP Code 13118 costing $999 or less per month (85.4%) is approximately 150% 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 87% lower than the previously mentioned 13118 rate of 85.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 13118?

The most common range for rental cost in ZIP Code 13118 is between $500 and $999 per month. About 68.9% of renters in 13118 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 13118 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 13118 is higher than the rental vacancy rate in the state of New York overall. Rental vacancy of 10.8% in ZIP Code 13118 is about 157% higher than the New York rate of 4.2%. Looking more broadly, rental vacancy in this Moravia, NY region (10.8%) is an estimated 80% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 13118? How does it compare to other New York regions?

Median household income in ZIP Code 13118 is lower than in the state of New York overall. Annual household income of $59,883 in ZIP Code 13118 is about 13% lower than the New York median of $68,486. Additionally, median household income in this Moravia, NY region ($59,883) is approximately 5% 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 13118 spend on housing costs?

Renters in ZIP Code 13118 spend a lower amount of their income on rent costs than do renters in New York overall. Renters in ZIP Code 13118 spend an estimated 24.74% of their income on rent payments, which is about 18% lower 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 17% higher than the ZIP Code 13118 estimated rate of 24.74%.
9

Do renters in ZIP Code 13118 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 13118 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 13118 spending 30 percent or more of their income on rent costs (35.8%) is approximately 31% lower 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 28% higher than the aforementioned 13118 rate of 35.8%.
10

What is the average household size of renter-occupied units in ZIP Code 13118?

The average household size of renter-occupied units in ZIP Code 13118 is lower than in the state of New York overall. Annual household size of 2.36 in ZIP Code 13118 is about 2% lower than the New York median of 2.41. Additionally, median household size in this Moravia, NY region (2.36) is approximately 5% lower than median household size of 2.49 in the U.S. as a whole.

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