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Rental Insights for ZIP Code 18640 (Pittston, PA)

Housing Rentals in ZIP Code 18640 (Pittston, PA)

18640 ZIP Code in Pennsylvania

Information for Renters in ZIP Code 18640

ZIP Code 18640 is predominantly located in Pittston, PA in Luzerne County. This region of Pennsylvania has an estimated median housing rent of $853 per month. Approximately 36.4% of housing units in this Luzerne County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 3.2%.

The median rent in ZIP Code 18640 of $853 per month is 9% lower than the aggregate Pennsylvania median monthly rent of $938, and is 20% lower than the $1,062 the median monthly rent in the U.S. overall. About 52.1% of residents in ZIP Code 18640 pay between $500 and $999 per month for rent. That is 18% higher than in Pennsylvania overall, in which 44.0% of total state residents pay between $500 and $999 per month for housing. Just 0.4% of renters in this Pittston, PA region pay $3,000 or more for monthly rent.

ZIP Code 18640 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 18640

See the chart below for a comparison of monthly rental costs in ZIP Code 18640, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 18640 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 18640

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

Cost ZIP 18640 Pennsylvania U.S.
Less than $500 19.2% 12.2% 9.4%
$500 to $999 52.1% 44.0% 36.2%
$1,000 to $1,499 26.1% 29.6% 30.0%
$1,500 to $1,999 2.3% 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 0.4% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 18640

Renters in ZIP Code 18640 use an estimated 28.89% of their income to cover their monthly rent payments. That is about 1% 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 18640 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 18640 come in lower than in Pennsylvania as a whole. The median annual household income in ZIP Code 18640 of $47,418 sits approximately 23% lower than the overall Pennsylvania median income of $61,744 and approximately 25% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 18640

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 18640, 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 18640 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 18640

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

Rent Cost as % of Income ZIP 18640 Pennsylvania U.S.
Less than 15.0 percent 14.9% 14.8% 13.1%
15.0 to 19.9 percent 14.5% 13.5% 12.9%
20.0 to 24.9 percent 13.3% 12.6% 12.9%
25.0 to 29.9 percent 10.4% 11.3% 11.6%
30.0 to 34.9 percent 8.8% 8.7% 9.1%
35.0 percent or more 38.0% 39.0% 40.5%

Household Income in ZIP Code 18640

See the table below for the regional comparison of annual household income in ZIP Code 18640.

Income ZIP 18640 Pennsylvania U.S.
Less than $10,000 6.4% 6.1% 6.0%
$10,000 to $14,999 6.6% 4.3% 4.3%
$15,000 to $24,999 12.7% 9.3% 8.9%
$25,000 to $34,999 13.3% 9.2% 8.9%
$35,000 to $49,999 12.5% 12.3% 12.3%
$50,000 to $74,999 16.0% 17.6% 17.2%
$75,000 to $99,999 13.1% 13.1% 12.7%
$100,000 to $149,999 12.2% 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 18640

See the chart below for a comparison of annual household income figures in ZIP Code 18640, Pennsylvania, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 18640 alongside the same figures for the state of Pennsylvania and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 18640

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 18640.

ZIP 18640 Pennsylvania U.S.
Median Housing Rent $853 $938 $1,062
Renter-Occupied Housing Units 36.4% 31.1% 36.0%
Rental Vacancy Rate 3.2% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.00 2.20 2.49
Average # of Bedrooms Per Unit 2.7 2.8 2.75
Percent of Income Spent on Rent 28.89% 29.19% 29.83%
Per Capita Income $28,689 $34,352 $34,103
Median Household Income $63,845 $84,849 $88,607
Living Below the Poverty Line 12.6% 8.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 18640

In ZIP Code 18640 (Pittston, PA), and estimated 36.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.2%.

The per capita income in 18640 is estimated at $28,689, which goes along with an estimated median household income of $63,845. About 12.6% of residents in this Luzerne County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.00 occupants, while the units have an aggregate average size of 2.7 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.89% of their income on housing rental costs.

Rental FAQs for ZIP Code 18640

1

What is the median monthly rent in ZIP Code 18640?

Median rent for housing in ZIP Code 18640 in Luzerne County in Pennsylvania is approximately $853 per month.
2

Is it expensive to rent in ZIP Code 18640?

Rent in ZIP Code 18640 is lower than average in the state of Pennsylvania overall. The median monthly rent of $853 in ZIP Code 18640 is approximately 9% lower than the Pennsylvania median of $938. Additionally, median rent in this Pittston, PA region ($853) is about 20% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 18640?

High-priced rentals are less common in ZIP Code 18640 than in Pennsylvania overall. The percentage of rentals in ZIP Code 18640 that cost $3,000 or more per month (0.4%) is about 56% lower than the Pennsylvania rate of 0.9% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 83% higher than the aforementioned 18640 rate of 0.4%.
4

Are affordable rentals common in ZIP Code 18640?

Affordable rentals are more common in ZIP Code 18640 than in Pennsylvania overall. The percentage of housing rentals in ZIP Code 18640 costing $999 or less per month (71.3%) is approximately 27% 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 56% lower than the previously mentioned 18640 rate of 71.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 18640?

The most common range for rental cost in ZIP Code 18640 is between $500 and $999 per month. About 52.1% of renters in 18640 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 18640 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 18640 is lower than the rental vacancy rate in the state of Pennsylvania overall. Rental vacancy of 3.2% in ZIP Code 18640 is about 41% lower than the Pennsylvania rate of 5.4%. Looking more broadly, rental vacancy in this Pittston, PA region (3.2%) is an estimated 47% 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 18640? How does it compare to other Pennsylvania regions?

Median household income in ZIP Code 18640 is lower than in the state of Pennsylvania overall. Annual household income of $47,418 in ZIP Code 18640 is about 23% lower than the Pennsylvania median of $61,744. Additionally, median household income in this Pittston, PA region ($47,418) is approximately 25% 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 18640 spend on housing costs?

Renters in ZIP Code 18640 spend a lower amount of their income on rent costs than do renters in Pennsylvania overall. Renters in ZIP Code 18640 spend an estimated 28.89% of their income on rent payments, which is about 1% 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 3% higher than the ZIP Code 18640 estimated rate of 28.89%.
9

Do renters in ZIP Code 18640 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 18640 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 18640 spending 30 percent or more of their income on rent costs (46.8%) is approximately 2% lower 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 6% higher than the aforementioned 18640 rate of 46.8%.
10

What is the average household size of renter-occupied units in ZIP Code 18640?

The average household size of renter-occupied units in ZIP Code 18640 is lower than in the state of Pennsylvania overall. Annual household size of 2.00 in ZIP Code 18640 is about 9% lower than the Pennsylvania median of 2.20. Additionally, median household size in this Pittston, PA region (2.00) 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