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Rental Insights for ZIP Code 14747 (Kennedy, NY)

Housing Rentals in ZIP Code 14747 (Kennedy, NY)

14747 ZIP Code in New York

Information for Renters in ZIP Code 14747

ZIP Code 14747 is predominantly located in Kennedy, NY in Chautauqua County. This New York region has an estimated median housing rent of $501 per month. Approximately 13.1% of housing units in this Chautauqua County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 13.0%.

The median rent in ZIP Code 14747 of $501 per month is 61% lower than the aggregate New York median monthly rent of $1,280, and is 53% lower than the $1,062 the median monthly rent in the U.S. overall. About 50.5% of residents in ZIP Code 14747 pay between $500 and $999 per month for rent. That is 114% higher than in New York overall, in which 23.6% of total state residents pay between $500 and $999 per month for housing. Only 49.5% of renters in this Kennedy, NY region pay less than $500 per month for rent.

ZIP Code 14747 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 14747

See the chart below for a comparison of monthly rental costs in ZIP Code 14747, New York, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 14747 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 14747

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

Cost ZIP 14747 New York U.S.
Less than $500 49.5% 10.6% 9.4%
$500 to $999 50.5% 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 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 14747

Renters in ZIP Code 14747 use an estimated 27.67% of their income to cover their monthly rent payments. That is about 9% 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 14747 renters use about 7% less of their income to cover rent expense. Household income figures for ZIP Code 14747 come in lower than in New York as a whole. The median annual household income in ZIP Code 14747 of $51,969 sits approximately 24% lower than the overall New York median income of $68,486 and approximately 17% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 14747

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 14747, 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 14747 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 14747

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

Rent Cost as % of Income ZIP 14747 New York U.S.
Less than 15.0 percent 14.7% 13.9% 13.1%
15.0 to 19.9 percent 20.0% 11.6% 12.9%
20.0 to 24.9 percent 10.5% 11.6% 12.9%
25.0 to 29.9 percent 4.2% 10.7% 11.6%
30.0 to 34.9 percent 23.2% 9.1% 9.1%
35.0 percent or more 27.4% 43.1% 40.5%

Household Income in ZIP Code 14747

See the table below for the regional comparison of annual household income in ZIP Code 14747.

Income ZIP 14747 New York U.S.
Less than $10,000 10.0% 6.6% 6.0%
$10,000 to $14,999 3.7% 4.8% 4.3%
$15,000 to $24,999 11.7% 8.5% 8.9%
$25,000 to $34,999 7.9% 7.9% 8.9%
$35,000 to $49,999 13.2% 10.6% 12.3%
$50,000 to $74,999 20.7% 15.2% 17.2%
$75,000 to $99,999 16.0% 12.0% 12.7%
$100,000 to $149,999 14.3% 15.7% 15.1%
$150,000 to $199,999 0.7% 8.1% 6.8%
$200,000 or more 1.8% 10.7% 7.7%

Household Income in ZIP Code 14747

See the chart below for a comparison of annual household income figures in ZIP Code 14747, New York, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 14747 alongside the same figures for the state of New York and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 14747

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 14747.

ZIP 14747 New York U.S.
Median Housing Rent $501 $1,280 $1,062
Renter-Occupied Housing Units 13.1% 46.1% 36.0%
Rental Vacancy Rate 13.0% 4.2% 6.0%
Average Size of Renter-Occupied Unit 1.75 2.41 2.49
Average # of Bedrooms Per Unit 2.69 2.48 2.75
Percent of Income Spent on Rent 27.67% 30.25% 29.83%
Per Capita Income $28,868 $39,326 $34,103
Median Household Income $73,659 $101,945 $88,607
Living Below the Poverty Line 12.1% 10.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 14747

In ZIP Code 14747 (Kennedy, NY), and estimated 13.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 13.0%.

The per capita income in 14747 is estimated at $28,868, which goes along with an estimated median household income of $73,659. About 12.1% of residents in this Chautauqua County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.75 occupants, while the units have an aggregate average size of 2.69 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.67% of their income on housing rental costs.

Rental FAQs for ZIP Code 14747

1

What is the median monthly rent in ZIP Code 14747?

Median rent for housing in ZIP Code 14747 in Chautauqua County in New York is approximately $501 per month.
2

Is it expensive to rent in ZIP Code 14747?

Rent in ZIP Code 14747 is lower than average in the state of New York overall. The median monthly rent of $501 in ZIP Code 14747 is approximately 61% lower than the New York median of $1,280. Additionally, median rent in this Kennedy, NY region ($501) is about 53% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 14747?

High-priced rentals are not common in the Kennedy, NY ZIP Code of 14747, 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 14747?

Affordable rentals are more common in ZIP Code 14747 than in New York overall. The percentage of housing rentals in ZIP Code 14747 costing $999 or less per month (100%) is approximately 192% 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 119% lower than the previously mentioned 14747 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 14747?

The most common range for rental cost in ZIP Code 14747 is between $500 and $999 per month. About 50.5% of renters in 14747 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 14747 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 14747 is higher than the rental vacancy rate in the state of New York overall. Rental vacancy of 13.0% in ZIP Code 14747 is about 210% higher than the New York rate of 4.2%. Looking more broadly, rental vacancy in this Kennedy, NY region (13.0%) is an estimated 117% 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 14747? How does it compare to other New York regions?

Median household income in ZIP Code 14747 is lower than in the state of New York overall. Annual household income of $51,969 in ZIP Code 14747 is about 24% lower than the New York median of $68,486. Additionally, median household income in this Kennedy, NY region ($51,969) is approximately 17% 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 14747 spend on housing costs?

Renters in ZIP Code 14747 spend a lower amount of their income on rent costs than do renters in New York overall. Renters in ZIP Code 14747 spend an estimated 27.67% of their income on rent payments, which is about 9% 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 7% higher than the ZIP Code 14747 estimated rate of 27.67%.
9

Do renters in ZIP Code 14747 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 14747 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 14747 spending 30 percent or more of their income on rent costs (50.6%) is approximately 3% 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 2% lower than the aforementioned 14747 rate of 50.6%.
10

What is the average household size of renter-occupied units in ZIP Code 14747?

The average household size of renter-occupied units in ZIP Code 14747 is lower than in the state of New York overall. Annual household size of 1.75 in ZIP Code 14747 is about 27% lower than the New York median of 2.41. Additionally, median household size in this Kennedy, NY region (1.75) is approximately 30% lower than median household size of 2.49 in the U.S. as a whole.

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