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Rental Insights for ZIP Code 19122 (Philadelphia, PA)

Housing Rentals in ZIP Code 19122 (Philadelphia, PA)

19122 ZIP Code in Pennsylvania

Information for Renters in ZIP Code 19122

ZIP Code 19122 is predominantly located in Philadelphia, PA in Philadelphia County. The median housing rent in this region or Pennsylvania is estimated at $880 per month. Approximately 57.0% of housing units in this Philadelphia County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 7.6%.

The median rent in ZIP Code 19122 of $880 per month is 6% lower than the aggregate Pennsylvania median monthly rent of $938, and is 17% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 37.0% of residents in ZIP Code 19122 pay between $500 and $999 per month for rent. That is 16% lower than in Pennsylvania overall, in which 44.0% of total state residents pay between $500 and $999 per month for housing. Just 0.3% of renters in ZIP Code 19122 pay $3,000 or more for monthly rent.

ZIP Code 19122 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 19122

See the chart below for a comparison of monthly rental costs in ZIP Code 19122, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 19122 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 19122

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

Cost ZIP 19122 Pennsylvania U.S.
Less than $500 23.9% 12.2% 9.4%
$500 to $999 37.0% 44.0% 36.2%
$1,000 to $1,499 24.3% 29.6% 30.0%
$1,500 to $1,999 11.6% 9.3% 14.0%
$2,000 to $2,499 2.4% 2.9% 5.6%
$2,500 to $2,999 0.6% 1.0% 2.4%
$3,000 or more 0.3% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 19122

Renters in ZIP Code 19122 use an estimated 31.43% of their income to cover their monthly rent payments. That is about 8% 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 19122 renters use about 5% more of their income to cover rent expense. Household income figures for ZIP Code 19122 come in lower than in Pennsylvania as a whole. The median annual household income in ZIP Code 19122 of $37,198 sits approximately 40% lower than the overall Pennsylvania median income of $61,744 and approximately 41% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 19122

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 19122, 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 19122 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 19122

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

Rent Cost as % of Income ZIP 19122 Pennsylvania U.S.
Less than 15.0 percent 13.0% 14.8% 13.1%
15.0 to 19.9 percent 12.0% 13.5% 12.9%
20.0 to 24.9 percent 7.3% 12.6% 12.9%
25.0 to 29.9 percent 11.9% 11.3% 11.6%
30.0 to 34.9 percent 6.4% 8.7% 9.1%
35.0 percent or more 49.5% 39.0% 40.5%

Household Income in ZIP Code 19122

See the table below for the regional comparison of annual household income in ZIP Code 19122.

Income ZIP 19122 Pennsylvania U.S.
Less than $10,000 20.5% 6.1% 6.0%
$10,000 to $14,999 7.6% 4.3% 4.3%
$15,000 to $24,999 11.8% 9.3% 8.9%
$25,000 to $34,999 9.3% 9.2% 8.9%
$35,000 to $49,999 10.9% 12.3% 12.3%
$50,000 to $74,999 15.5% 17.6% 17.2%
$75,000 to $99,999 6.5% 13.1% 12.7%
$100,000 to $149,999 10.3% 15.2% 15.1%
$150,000 to $199,999 3.6% 6.4% 6.8%
$200,000 or more 4.1% 6.6% 7.7%

Household Income in ZIP Code 19122

See the chart below for a comparison of annual household income figures in ZIP Code 19122, Pennsylvania, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 19122 alongside the same figures for the state of Pennsylvania and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 19122

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 19122.

ZIP 19122 Pennsylvania U.S.
Median Housing Rent $880 $938 $1,062
Renter-Occupied Housing Units 57.0% 31.1% 36.0%
Rental Vacancy Rate 7.6% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.64 2.20 2.49
Average # of Bedrooms Per Unit 2.66 2.8 2.75
Percent of Income Spent on Rent 31.43% 29.19% 29.83%
Per Capita Income $22,168 $34,352 $34,103
Median Household Income $62,465 $84,849 $88,607
Living Below the Poverty Line 24.3% 8.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 19122

In ZIP Code 19122 (Philadelphia, PA), and estimated 57.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.6%.

The per capita income in 19122 is estimated at $22,168, which goes along with an estimated median household income of $62,465. About 24.3% of residents in this Philadelphia County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.64 occupants, while the units have an aggregate average size of 2.66 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.43% of their income on housing rental costs.

Rental FAQs for ZIP Code 19122

1

What is the median monthly rent in ZIP Code 19122?

Median rent for housing in ZIP Code 19122 in Philadelphia County in Pennsylvania is approximately $880 per month.
2

Is it expensive to rent in ZIP Code 19122?

Rent in ZIP Code 19122 is lower than average in the state of Pennsylvania overall. The median monthly rent of $880 in ZIP Code 19122 is approximately 6% lower than the Pennsylvania median of $938. Additionally, median rent in this Philadelphia, PA region ($880) is about 17% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 19122?

High-priced rentals are less common in ZIP Code 19122 than in Pennsylvania overall. The percentage of rentals in ZIP Code 19122 that cost $3,000 or more per month (0.3%) is about 67% 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 88% higher than the aforementioned 19122 rate of 0.3%.
4

Are affordable rentals common in ZIP Code 19122?

Affordable rentals are more common in ZIP Code 19122 than in Pennsylvania overall. The percentage of housing rentals in ZIP Code 19122 costing $999 or less per month (60.9%) is approximately 8% 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 34% lower than the previously mentioned 19122 rate of 60.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 19122?

The most common range for rental cost in ZIP Code 19122 is between $500 and $999 per month. About 37.0% of renters in 19122 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 19122 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 19122 is higher than the rental vacancy rate in the state of Pennsylvania overall. Rental vacancy of 7.6% in ZIP Code 19122 is about 41% higher than the Pennsylvania rate of 5.4%. Looking more broadly, rental vacancy in this Philadelphia, PA region (7.6%) is an estimated 27% 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 19122? How does it compare to other Pennsylvania regions?

Median household income in ZIP Code 19122 is lower than in the state of Pennsylvania overall. Annual household income of $37,198 in ZIP Code 19122 is about 40% lower than the Pennsylvania median of $61,744. Additionally, median household income in this Philadelphia, PA region ($37,198) is approximately 41% 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 19122 spend on housing costs?

Renters in ZIP Code 19122 spend a higher amount of their income on rent costs than do renters in Pennsylvania overall. Renters in ZIP Code 19122 spend an estimated 31.43% of their income on rent payments, which is about 8% 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 5% lower than the ZIP Code 19122 estimated rate of 31.43%.
9

Do renters in ZIP Code 19122 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 19122 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 19122 spending 30 percent or more of their income on rent costs (55.9%) is approximately 17% 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 13% lower than the aforementioned 19122 rate of 55.9%.
10

What is the average household size of renter-occupied units in ZIP Code 19122?

The average household size of renter-occupied units in ZIP Code 19122 is higher than in the state of Pennsylvania overall. Annual household size of 2.64 in ZIP Code 19122 is about 20% higher than the Pennsylvania median of 2.20. Additionally, median household size in this Philadelphia, PA region (2.64) is approximately 6% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Pennsylvania ZIP Codes