Renters Local

Rental Insights for ZIP Code 16127 (Grove City, PA)

Housing Rentals in ZIP Code 16127 (Grove City, PA)

16127 ZIP Code in Pennsylvania

Information for Renters in ZIP Code 16127

ZIP Code 16127 is predominantly located in Grove City, PA in Mercer County. This region of Pennsylvania has a median housing rent payment of $718 per month. Approximately 24.5% of housing units in this Mercer County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 1.7%.

The median rent in ZIP Code 16127 of $718 per month is 23% 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 69.6% of residents in ZIP Code 16127 pay between $500 and $999 per month for rent. That is 58% higher than in Pennsylvania overall, in which 44.0% of total state residents pay between $500 and $999 per month for housing. Just 1.0% of renters in ZIP Code 16127 pay between $1,500 and $1,999 for monthly rent.

ZIP Code 16127 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 16127

See the chart below for a comparison of monthly rental costs in ZIP Code 16127, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 16127 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 16127

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

Cost ZIP 16127 Pennsylvania U.S.
Less than $500 14.1% 12.2% 9.4%
$500 to $999 69.6% 44.0% 36.2%
$1,000 to $1,499 15.3% 29.6% 30.0%
$1,500 to $1,999 1.0% 9.3% 14.0%
$2,000 to $2,499 0.0% 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 16127

Renters in ZIP Code 16127 use an estimated 28.66% of their income to cover their monthly rent payments. That is about 2% 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 16127 renters use about 4% less of their income to cover rent expense. Household income figures for ZIP Code 16127 come in lower than in Pennsylvania as a whole. The median annual household income in ZIP Code 16127 of $61,301 sits approximately 1% lower than the overall Pennsylvania median income of $61,744 and approximately 2% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 16127

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 16127, 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 16127 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 16127

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

Rent Cost as % of Income ZIP 16127 Pennsylvania U.S.
Less than 15.0 percent 16.9% 14.8% 13.1%
15.0 to 19.9 percent 11.0% 13.5% 12.9%
20.0 to 24.9 percent 10.3% 12.6% 12.9%
25.0 to 29.9 percent 12.7% 11.3% 11.6%
30.0 to 34.9 percent 16.3% 8.7% 9.1%
35.0 percent or more 32.8% 39.0% 40.5%

Household Income in ZIP Code 16127

See the table below for the regional comparison of annual household income in ZIP Code 16127.

Income ZIP 16127 Pennsylvania U.S.
Less than $10,000 2.9% 6.1% 6.0%
$10,000 to $14,999 4.4% 4.3% 4.3%
$15,000 to $24,999 11.9% 9.3% 8.9%
$25,000 to $34,999 10.5% 9.2% 8.9%
$35,000 to $49,999 11.0% 12.3% 12.3%
$50,000 to $74,999 18.7% 17.6% 17.2%
$75,000 to $99,999 17.5% 13.1% 12.7%
$100,000 to $149,999 15.2% 15.2% 15.1%
$150,000 to $199,999 3.9% 6.4% 6.8%
$200,000 or more 4.0% 6.6% 7.7%

Household Income in ZIP Code 16127

See the chart below for a comparison of annual household income figures in ZIP Code 16127, Pennsylvania, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 16127 alongside the same figures for the state of Pennsylvania and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 16127

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 16127.

ZIP 16127 Pennsylvania U.S.
Median Housing Rent $718 $938 $1,062
Renter-Occupied Housing Units 24.5% 31.1% 36.0%
Rental Vacancy Rate 1.7% 5.4% 6.0%
Average Size of Renter-Occupied Unit 1.82 2.20 2.49
Average # of Bedrooms Per Unit 2.83 2.8 2.75
Percent of Income Spent on Rent 28.66% 29.19% 29.83%
Per Capita Income $27,292 $34,352 $34,103
Median Household Income $77,008 $84,849 $88,607
Living Below the Poverty Line 7.3% 8.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 16127

In ZIP Code 16127 (Grove City, PA), and estimated 24.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.7%.

The per capita income in 16127 is estimated at $27,292, which goes along with an estimated median household income of $77,008. About 7.3% of residents in this Mercer County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.82 occupants, while the units have an aggregate average size of 2.83 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.66% of their income on housing rental costs.

Rental FAQs for ZIP Code 16127

1

What is the median monthly rent in ZIP Code 16127?

Median rent for housing in ZIP Code 16127 in Mercer County in Pennsylvania is approximately $718 per month.
2

Is it expensive to rent in ZIP Code 16127?

Rent in ZIP Code 16127 is lower than average in the state of Pennsylvania overall. The median monthly rent of $718 in ZIP Code 16127 is approximately 23% lower than the Pennsylvania median of $938. Additionally, median rent in this Grove City, PA region ($718) 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 16127?

High-priced rentals are not common in the Grove City, PA ZIP Code of 16127, 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 16127?

Affordable rentals are more common in ZIP Code 16127 than in Pennsylvania overall. The percentage of housing rentals in ZIP Code 16127 costing $999 or less per month (83.7%) is approximately 49% 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 84% lower than the previously mentioned 16127 rate of 83.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 16127?

The most common range for rental cost in ZIP Code 16127 is between $500 and $999 per month. About 69.6% of renters in 16127 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 16127 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 16127 is lower than the rental vacancy rate in the state of Pennsylvania overall. Rental vacancy of 1.7% in ZIP Code 16127 is about 69% lower than the Pennsylvania rate of 5.4%. Looking more broadly, rental vacancy in this Grove City, PA region (1.7%) is an estimated 72% 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 16127? How does it compare to other Pennsylvania regions?

Median household income in ZIP Code 16127 is lower than in the state of Pennsylvania overall. Annual household income of $61,301 in ZIP Code 16127 is about 1% lower than the Pennsylvania median of $61,744. Additionally, median household income in this Grove City, PA region ($61,301) is approximately 2% 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 16127 spend on housing costs?

Renters in ZIP Code 16127 spend a lower amount of their income on rent costs than do renters in Pennsylvania overall. Renters in ZIP Code 16127 spend an estimated 28.66% of their income on rent payments, which is about 2% 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 4% higher than the ZIP Code 16127 estimated rate of 28.66%.
9

Do renters in ZIP Code 16127 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 16127 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 16127 spending 30 percent or more of their income on rent costs (49.1%) is approximately 3% 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 1% higher than the aforementioned 16127 rate of 49.1%.
10

What is the average household size of renter-occupied units in ZIP Code 16127?

The average household size of renter-occupied units in ZIP Code 16127 is lower than in the state of Pennsylvania overall. Annual household size of 1.82 in ZIP Code 16127 is about 17% lower than the Pennsylvania median of 2.20. Additionally, median household size in this Grove City, PA region (1.82) is approximately 27% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Pennsylvania ZIP Codes