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Rental Insights for ZIP Code 19116 (Philadelphia, PA)

Housing Rentals in ZIP Code 19116 (Philadelphia, PA)

19116 ZIP Code in Pennsylvania

Information for Renters in ZIP Code 19116

ZIP Code 19116 is predominantly located in Philadelphia, PA in Philadelphia County. The median housing rent in this region or Pennsylvania is estimated at $1,042 per month. Approximately 39.6% of housing units in this Philadelphia County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 3.9%.

The median rent in ZIP Code 19116 of $1,042 per month is 11% higher than the aggregate Pennsylvania median monthly rent of $938, and is 2% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 52.1% of renters in ZIP Code 19116 pay between $1,000 and $1,499 per month for housing. That is 76% higher than in Pennsylvania overall, in which 29.6% of total state residents pay between $1,000 and $1,499 per month for housing. Just 2.0% of renters in ZIP Code 19116 pay between $2,000 and $2,499 for monthly rent.

ZIP Code 19116 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 19116

See the chart below for a comparison of monthly rental costs in ZIP Code 19116, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 19116 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 19116

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

Cost ZIP 19116 Pennsylvania U.S.
Less than $500 11.4% 12.2% 9.4%
$500 to $999 32.0% 44.0% 36.2%
$1,000 to $1,499 52.1% 29.6% 30.0%
$1,500 to $1,999 2.5% 9.3% 14.0%
$2,000 to $2,499 2.0% 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 19116

Renters in ZIP Code 19116 use an estimated 32.27% of their income to cover their monthly rent payments. That is about 11% higher 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 19116 renters use about 8% more of their income to cover rent expense. Household income figures for ZIP Code 19116 come in lower than in Pennsylvania as a whole. The median annual household income in ZIP Code 19116 of $57,126 sits approximately 7% lower than the overall Pennsylvania median income of $61,744 and approximately 9% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 19116

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 19116, 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 19116 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 19116

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

Rent Cost as % of Income ZIP 19116 Pennsylvania U.S.
Less than 15.0 percent 10.7% 14.8% 13.1%
15.0 to 19.9 percent 7.6% 13.5% 12.9%
20.0 to 24.9 percent 12.0% 12.6% 12.9%
25.0 to 29.9 percent 7.8% 11.3% 11.6%
30.0 to 34.9 percent 12.4% 8.7% 9.1%
35.0 percent or more 49.4% 39.0% 40.5%

Household Income in ZIP Code 19116

See the table below for the regional comparison of annual household income in ZIP Code 19116.

Income ZIP 19116 Pennsylvania U.S.
Less than $10,000 7.8% 6.1% 6.0%
$10,000 to $14,999 7.2% 4.3% 4.3%
$15,000 to $24,999 9.3% 9.3% 8.9%
$25,000 to $34,999 9.8% 9.2% 8.9%
$35,000 to $49,999 10.7% 12.3% 12.3%
$50,000 to $74,999 17.2% 17.6% 17.2%
$75,000 to $99,999 11.4% 13.1% 12.7%
$100,000 to $149,999 14.0% 15.2% 15.1%
$150,000 to $199,999 8.1% 6.4% 6.8%
$200,000 or more 4.4% 6.6% 7.7%

Household Income in ZIP Code 19116

See the chart below for a comparison of annual household income figures in ZIP Code 19116, Pennsylvania, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 19116 alongside the same figures for the state of Pennsylvania and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 19116

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 19116.

ZIP 19116 Pennsylvania U.S.
Median Housing Rent $1,042 $938 $1,062
Renter-Occupied Housing Units 39.6% 31.1% 36.0%
Rental Vacancy Rate 3.9% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.26 2.20 2.49
Average # of Bedrooms Per Unit 2.5 2.8 2.75
Percent of Income Spent on Rent 32.27% 29.19% 29.83%
Per Capita Income $28,891 $34,352 $34,103
Median Household Income $74,261 $84,849 $88,607
Living Below the Poverty Line 13.0% 8.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 19116

In ZIP Code 19116 (Philadelphia, PA), and estimated 39.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.9%.

The per capita income in 19116 is estimated at $28,891, which goes along with an estimated median household income of $74,261. About 13.0% of residents in this Philadelphia County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.26 occupants, while the units have an aggregate average size of 2.5 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.27% of their income on housing rental costs.

Rental FAQs for ZIP Code 19116

1

What is the median monthly rent in ZIP Code 19116?

Median rent for housing in ZIP Code 19116 in Philadelphia County in Pennsylvania is approximately $1,042 per month.
2

Is it expensive to rent in ZIP Code 19116?

Rent in ZIP Code 19116 is higher than average in the state of Pennsylvania overall. The median monthly rent of $1,042 in ZIP Code 19116 is approximately 11% higher than the Pennsylvania median of $938. Additionally, median rent in this Philadelphia, PA region ($1,042) is about 2% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 19116?

High-priced rentals are not common in the Philadelphia, PA ZIP Code of 19116, 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 19116?

Affordable rentals are less common in ZIP Code 19116 than in Pennsylvania overall. The percentage of housing rentals in ZIP Code 19116 costing $999 or less per month (43.4%) is approximately 23% lower 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 5% higher than the previously mentioned 19116 rate of 43.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 19116?

The most common range for rental cost in ZIP Code 19116 is between $1,000 and $1,499 per month. About 52.1% of renters in 19116 pay in this range for monthly rent. In comparison, approximately 29.6% of renters in the state of Pennsylvania fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 19116 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 19116 is lower than the rental vacancy rate in the state of Pennsylvania overall. Rental vacancy of 3.9% in ZIP Code 19116 is about 28% lower than the Pennsylvania rate of 5.4%. Looking more broadly, rental vacancy in this Philadelphia, PA region (3.9%) is an estimated 35% 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 19116? How does it compare to other Pennsylvania regions?

Median household income in ZIP Code 19116 is lower than in the state of Pennsylvania overall. Annual household income of $57,126 in ZIP Code 19116 is about 7% lower than the Pennsylvania median of $61,744. Additionally, median household income in this Philadelphia, PA region ($57,126) is approximately 9% 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 19116 spend on housing costs?

Renters in ZIP Code 19116 spend a higher amount of their income on rent costs than do renters in Pennsylvania overall. Renters in ZIP Code 19116 spend an estimated 32.27% of their income on rent payments, which is about 11% higher 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 8% lower than the ZIP Code 19116 estimated rate of 32.27%.
9

Do renters in ZIP Code 19116 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 19116 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 19116 spending 30 percent or more of their income on rent costs (61.8%) is approximately 30% 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 25% lower than the aforementioned 19116 rate of 61.8%.
10

What is the average household size of renter-occupied units in ZIP Code 19116?

The average household size of renter-occupied units in ZIP Code 19116 is higher than in the state of Pennsylvania overall. Annual household size of 2.26 in ZIP Code 19116 is about 3% higher than the Pennsylvania median of 2.20. Additionally, median household size in this Philadelphia, PA region (2.26) is approximately 9% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Pennsylvania ZIP Codes