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Rental Insights for ZIP Code 15120 (Homestead, PA)

Housing Rentals in ZIP Code 15120 (Homestead, PA)

15120 ZIP Code in Pennsylvania

Information for Renters in ZIP Code 15120

ZIP Code 15120 is predominantly located in Homestead, PA in Allegheny County. The median housing rent payment in this region of Pennsylvania is $727 per month. Approximately 43.0% of housing units in this Allegheny County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 7.1%.

The median rent in ZIP Code 15120 of $727 per month is 22% lower than the aggregate Pennsylvania median monthly rent of $938, and is 32% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 53.3% of residents in ZIP Code 15120 pay between $500 and $999 per month for rent. That is 21% higher than in Pennsylvania overall, in which 44.0% of total state residents pay between $500 and $999 per month for housing. Just 1.5% of renters in ZIP Code 15120 pay between $2,000 and $2,499 for monthly rent.

ZIP Code 15120 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 15120

See the chart below for a comparison of monthly rental costs in ZIP Code 15120, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 15120 along with those in the state of Pennsylvania and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 15120

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

Cost ZIP 15120 Pennsylvania U.S.
Less than $500 23.3% 12.2% 9.4%
$500 to $999 53.3% 44.0% 36.2%
$1,000 to $1,499 18.2% 29.6% 30.0%
$1,500 to $1,999 3.7% 9.3% 14.0%
$2,000 to $2,499 1.5% 2.9% 5.6%
$2,500 to $2,999 0.0% 1.0% 2.4%
$3,000 or more 0.0% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 15120

Renters in ZIP Code 15120 use an estimated 29.14% of their income to cover their monthly rent payments. That is about 0% lower than in Pennsylvania overall. The estimate for Pennsylvania overall is 29.19% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 15120 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 15120 come in lower than in Pennsylvania as a whole. The median annual household income in ZIP Code 15120 of $46,059 sits approximately 25% lower than the overall Pennsylvania median income of $61,744 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 15120

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 15120, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 15120 along with the same calculations in the state of Pennsylvania 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 15120

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

Rent Cost as % of Income ZIP 15120 Pennsylvania U.S.
Less than 15.0 percent 16.1% 14.8% 13.1%
15.0 to 19.9 percent 9.7% 13.5% 12.9%
20.0 to 24.9 percent 13.0% 12.6% 12.9%
25.0 to 29.9 percent 11.7% 11.3% 11.6%
30.0 to 34.9 percent 13.5% 8.7% 9.1%
35.0 percent or more 36.0% 39.0% 40.5%

Household Income in ZIP Code 15120

See the table below for the regional comparison of annual household income in ZIP Code 15120.

Income ZIP 15120 Pennsylvania U.S.
Less than $10,000 9.0% 6.1% 6.0%
$10,000 to $14,999 5.2% 4.3% 4.3%
$15,000 to $24,999 15.0% 9.3% 8.9%
$25,000 to $34,999 12.3% 9.2% 8.9%
$35,000 to $49,999 11.4% 12.3% 12.3%
$50,000 to $74,999 17.9% 17.6% 17.2%
$75,000 to $99,999 8.8% 13.1% 12.7%
$100,000 to $149,999 13.4% 15.2% 15.1%
$150,000 to $199,999 4.4% 6.4% 6.8%
$200,000 or more 2.7% 6.6% 7.7%

Household Income in ZIP Code 15120

See the chart below for a comparison of annual household income figures in ZIP Code 15120, Pennsylvania, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 15120 alongside the same figures for the state of Pennsylvania and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 15120

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 15120.

ZIP 15120 Pennsylvania U.S.
Median Housing Rent $727 $938 $1,062
Renter-Occupied Housing Units 43.0% 31.1% 36.0%
Rental Vacancy Rate 7.1% 5.4% 6.0%
Average Size of Renter-Occupied Unit 1.99 2.20 2.49
Average # of Bedrooms Per Unit 2.4 2.8 2.75
Percent of Income Spent on Rent 29.14% 29.19% 29.83%
Per Capita Income $30,105 $34,352 $34,103
Median Household Income $63,566 $84,849 $88,607
Living Below the Poverty Line 9.4% 8.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 15120

In ZIP Code 15120 (Homestead, PA), and estimated 43.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.1%.

The per capita income in 15120 is estimated at $30,105, which goes along with an estimated median household income of $63,566. About 9.4% of residents in this Allegheny County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.99 occupants, while the units have an aggregate average size of 2.4 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.14% of their income on housing rental costs.

Rental FAQs for ZIP Code 15120

1

What is the median monthly rent in ZIP Code 15120?

Median rent for housing in ZIP Code 15120 in Allegheny County in Pennsylvania is approximately $727 per month.
2

Is it expensive to rent in ZIP Code 15120?

Rent in ZIP Code 15120 is lower than average in the state of Pennsylvania overall. The median monthly rent of $727 in ZIP Code 15120 is approximately 22% lower than the Pennsylvania median of $938. Additionally, median rent in this Homestead, PA region ($727) 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 15120?

High-priced rentals are not common in the Homestead, PA ZIP Code of 15120, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Pennsylvania overall, approximately 0.9% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 15120?

Affordable rentals are more common in ZIP Code 15120 than in Pennsylvania overall. The percentage of housing rentals in ZIP Code 15120 costing $999 or less per month (76.6%) is approximately 36% higher than the Pennsylvania rate of 56.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 68% lower than the previously mentioned 15120 rate of 76.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 15120?

The most common range for rental cost in ZIP Code 15120 is between $500 and $999 per month. About 53.3% of renters in 15120 pay in this range for monthly rent. In comparison, approximately 44.0% of renters in the state of Pennsylvania fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 15120 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 15120 is higher than the rental vacancy rate in the state of Pennsylvania overall. Rental vacancy of 7.1% in ZIP Code 15120 is about 31% higher than the Pennsylvania rate of 5.4%. Looking more broadly, rental vacancy in this Homestead, PA region (7.1%) is an estimated 18% 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 15120? How does it compare to other Pennsylvania regions?

Median household income in ZIP Code 15120 is lower than in the state of Pennsylvania overall. Annual household income of $46,059 in ZIP Code 15120 is about 25% lower than the Pennsylvania median of $61,744. Additionally, median household income in this Homestead, PA region ($46,059) 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 15120 spend on housing costs?

Renters in ZIP Code 15120 spend a lower amount of their income on rent costs than do renters in Pennsylvania overall. Renters in ZIP Code 15120 spend an estimated 29.14% of their income on rent payments, which is about 0% lower than the overall Pennsylvania estimated rate of 29.19%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 2% higher than the ZIP Code 15120 estimated rate of 29.14%.
9

Do renters in ZIP Code 15120 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 15120 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 15120 spending 30 percent or more of their income on rent costs (49.5%) is approximately 4% higher than the Pennsylvania rate of 47.7% 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 0% higher than the aforementioned 15120 rate of 49.5%.
10

What is the average household size of renter-occupied units in ZIP Code 15120?

The average household size of renter-occupied units in ZIP Code 15120 is lower than in the state of Pennsylvania overall. Annual household size of 1.99 in ZIP Code 15120 is about 10% lower than the Pennsylvania median of 2.20. Additionally, median household size in this Homestead, PA region (1.99) is approximately 20% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Pennsylvania ZIP Codes