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Rental Insights for ZIP Code 22482 (Kilmarnock, VA)

Housing Rentals in ZIP Code 22482 (Kilmarnock, VA)

22482 ZIP Code in Virginia

A Detailed Snapshot of Renters in the ZIP Code 22482

The 22482 ZIP Code is predominantly located in Kilmarnock, VA in Lancaster County. This Virginia region has a median housing rent payment of $792 per month. About 30.3% of housing units in the region are renter-occupied, and this Lancaster County ZIP Code has an approximate rental vacancy rate of 5.1%.

The median rent in ZIP Code 22482 of $792 per month is 36% lower than the aggregate Virginia median monthly rent of $1,234, and is 25% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 22482, approximately 34.1% of residents pay between $500 and $999 per month for rent. That is 26% higher than in Virginia overall, in which 27.1% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 22482 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 22482

See the chart below for a comparison of monthly rental costs in ZIP Code 22482, Virginia, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 22482 along with those in the state of Virginia and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 22482

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

Cost ZIP 22482 Virginia U.S.
Less than $500 33.3% 7.5% 9.4%
$500 to $999 34.1% 27.1% 36.2%
$1,000 to $1,499 26.2% 30.1% 30.0%
$1,500 to $1,999 6.4% 20.2% 14.0%
$2,000 to $2,499 0.0% 8.8% 5.6%
$2,500 to $2,999 0.0% 3.5% 2.4%
$3,000 or more 0.0% 2.8% 2.4%

Rent Cost vs. Income in ZIP Code 22482

Renters in ZIP Code 22482 use an estimated 27.16% of their income to cover their monthly rent payments. That is about 8% lower than in Virginia overall. The estimate for Virginia overall is 29.45% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 22482 renters use about 9% less of their income to cover rent expense. Household income figures for ZIP Code 22482 come in lower than in Virginia as a whole. The median annual household income in ZIP Code 22482 of $51,976 sits approximately 30% lower than the overall Virginia median income of $74,222 and approximately 17% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 22482

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 22482, Virginia, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 22482 along with the same calculations in the state of Virginia 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 22482

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

Rent Cost as % of Income ZIP 22482 Virginia U.S.
Less than 15.0 percent 15.4% 12.7% 13.1%
15.0 to 19.9 percent 10.3% 13.7% 12.9%
20.0 to 24.9 percent 25.6% 14.0% 12.9%
25.0 to 29.9 percent 10.3% 11.8% 11.6%
30.0 to 34.9 percent 11.0% 9.3% 9.1%
35.0 percent or more 27.4% 38.5% 40.5%

Household Income in ZIP Code 22482

See the table below for the regional comparison of annual household income in ZIP Code 22482.

Income ZIP 22482 Virginia U.S.
Less than $10,000 7.9% 5.1% 6.0%
$10,000 to $14,999 7.1% 3.4% 4.3%
$15,000 to $24,999 7.0% 7.2% 8.9%
$25,000 to $34,999 8.8% 7.4% 8.9%
$35,000 to $49,999 17.4% 11.0% 12.3%
$50,000 to $74,999 12.1% 16.4% 17.2%
$75,000 to $99,999 12.2% 13.0% 12.7%
$100,000 to $149,999 11.0% 17.0% 15.1%
$150,000 to $199,999 7.9% 8.7% 6.8%
$200,000 or more 8.4% 10.9% 7.7%

Household Income in ZIP Code 22482

See the chart below for a comparison of annual household income figures in ZIP Code 22482, Virginia, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 22482 alongside the same figures for the state of Virginia and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 22482

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 22482.

ZIP 22482 Virginia U.S.
Median Housing Rent $792 $1,234 $1,062
Renter-Occupied Housing Units 30.3% 33.7% 36.0%
Rental Vacancy Rate 5.1% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.24 2.48 2.49
Average # of Bedrooms Per Unit 2.74 2.97 2.75
Percent of Income Spent on Rent 27.16% 29.45% 29.83%
Per Capita Income $39,812 $39,278 $34,103
Median Household Income $88,704 $101,746 $88,607
Living Below the Poverty Line 5.2% 7.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 22482

In ZIP Code 22482 (Kilmarnock, VA), and estimated 30.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.1%.

The per capita income in 22482 is estimated at $39,812, which goes along with an estimated median household income of $88,704. About 5.2% of residents in this Lancaster County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.24 occupants, while the units have an aggregate average size of 2.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.16% of their income on housing rental costs.

Rental FAQs for ZIP Code 22482

1

What is the median monthly rent in ZIP Code 22482?

Median rent for housing in ZIP Code 22482 in Lancaster County in Virginia is approximately $792 per month.
2

Is it expensive to rent in ZIP Code 22482?

Rent in ZIP Code 22482 is lower than average in the state of Virginia overall. The median monthly rent of $792 in ZIP Code 22482 is approximately 36% lower than the Virginia median of $1,234. Additionally, median rent in this Kilmarnock, VA region ($792) is about 25% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 22482?

High-priced rentals are not common in the Kilmarnock, VA ZIP Code of 22482, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Virginia overall, approximately 2.8% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 22482?

Affordable rentals are more common in ZIP Code 22482 than in Virginia overall. The percentage of housing rentals in ZIP Code 22482 costing $999 or less per month (67.4%) is approximately 95% higher than the Virginia rate of 34.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 48% lower than the previously mentioned 22482 rate of 67.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 22482?

The most common range for rental cost in ZIP Code 22482 is between $500 and $999 per month. About 34.1% of renters in 22482 pay in this range for monthly rent. In comparison, approximately 27.1% of renters in the state of Virginia fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 22482 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 22482 is lower than the rental vacancy rate in the state of Virginia overall. Rental vacancy of 5.1% in ZIP Code 22482 is about 6% lower than the Virginia rate of 5.4%. Looking more broadly, rental vacancy in this Kilmarnock, VA region (5.1%) is an estimated 15% 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 22482? How does it compare to other Virginia regions?

Median household income in ZIP Code 22482 is lower than in the state of Virginia overall. Annual household income of $51,976 in ZIP Code 22482 is about 30% lower than the Virginia median of $74,222. Additionally, median household income in this Kilmarnock, VA region ($51,976) is approximately 17% 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 22482 spend on housing costs?

Renters in ZIP Code 22482 spend a lower amount of their income on rent costs than do renters in Virginia overall. Renters in ZIP Code 22482 spend an estimated 27.16% of their income on rent payments, which is about 8% lower than the overall Virginia estimated rate of 29.45%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 9% higher than the ZIP Code 22482 estimated rate of 27.16%.
9

Do renters in ZIP Code 22482 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 22482 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 22482 spending 30 percent or more of their income on rent costs (38.4%) is approximately 20% lower than the Virginia rate of 47.8% 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 23% higher than the aforementioned 22482 rate of 38.4%.
10

What is the average household size of renter-occupied units in ZIP Code 22482?

The average household size of renter-occupied units in ZIP Code 22482 is lower than in the state of Virginia overall. Annual household size of 2.24 in ZIP Code 22482 is about 10% lower than the Virginia median of 2.48. Additionally, median household size in this Kilmarnock, VA region (2.24) is approximately 10% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Virginia ZIP Codes