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Rental Insights for ZIP Code 23047 (Doswell, VA)

Housing Rentals in ZIP Code 23047 (Doswell, VA)

23047 ZIP Code in Virginia

A Detailed Snapshot of Renters in the ZIP Code 23047

The 23047 ZIP Code is predominantly located in Doswell, VA in Hanover County. The estimated median housing rent in this Virginia region is $1,334 per month. About 11.3% of housing units in this Hanover County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 37.1%.

The median rent in ZIP Code 23047 of $1,334 per month is 8% higher than the aggregate Virginia median monthly rent of $1,234, and is 26% higher than the $1,062 the median monthly rent in the U.S. overall. About 100.0% of residents in ZIP Code 23047 pay between $1,000 and $1,499 per month for rent. That is 232% higher than in Virginia overall, in which 30.1% of total state residents pay between $1,000 and $1,499 per month for housing.

ZIP Code 23047 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 23047

See the chart below for a comparison of monthly rental costs in ZIP Code 23047, Virginia, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 23047 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 23047

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

Cost ZIP 23047 Virginia U.S.
Less than $500 0.0% 7.5% 9.4%
$500 to $999 0.0% 27.1% 36.2%
$1,000 to $1,499 100.0% 30.1% 30.0%
$1,500 to $1,999 0.0% 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 23047

Renters in ZIP Code 23047 use an estimated 30.85% of their income to cover their monthly rent payments. That is about 5% higher 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 23047 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 23047 come in lower than in Virginia as a whole. The median annual household income in ZIP Code 23047 of $68,932 sits approximately 7% lower than the overall Virginia median income of $74,222 and approximately 10% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 23047

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 23047, 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 23047 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 23047

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

Rent Cost as % of Income ZIP 23047 Virginia U.S.
Less than 15.0 percent 17.0% 12.7% 13.1%
15.0 to 19.9 percent 24.5% 13.7% 12.9%
20.0 to 24.9 percent 0.0% 14.0% 12.9%
25.0 to 29.9 percent 0.0% 11.8% 11.6%
30.0 to 34.9 percent 0.0% 9.3% 9.1%
35.0 percent or more 58.5% 38.5% 40.5%

Household Income in ZIP Code 23047

See the table below for the regional comparison of annual household income in ZIP Code 23047.

Income ZIP 23047 Virginia U.S.
Less than $10,000 1.1% 5.1% 6.0%
$10,000 to $14,999 9.8% 3.4% 4.3%
$15,000 to $24,999 2.3% 7.2% 8.9%
$25,000 to $34,999 1.6% 7.4% 8.9%
$35,000 to $49,999 13.7% 11.0% 12.3%
$50,000 to $74,999 26.2% 16.4% 17.2%
$75,000 to $99,999 13.0% 13.0% 12.7%
$100,000 to $149,999 6.4% 17.0% 15.1%
$150,000 to $199,999 11.8% 8.7% 6.8%
$200,000 or more 14.1% 10.9% 7.7%

Household Income in ZIP Code 23047

See the chart below for a comparison of annual household income figures in ZIP Code 23047, Virginia, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 23047 alongside the same figures for the state of Virginia and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 23047

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 23047.

ZIP 23047 Virginia U.S.
Median Housing Rent $1,334 $1,234 $1,062
Renter-Occupied Housing Units 11.3% 33.7% 36.0%
Rental Vacancy Rate 37.1% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.82 2.48 2.49
Average # of Bedrooms Per Unit 3.12 2.97 2.75
Percent of Income Spent on Rent 30.85% 29.45% 29.83%
Per Capita Income $49,577 $39,278 $34,103
Median Household Income $123,596 $101,746 $88,607
Living Below the Poverty Line 6.5% 7.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 23047

In ZIP Code 23047 (Doswell, VA), and estimated 11.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 37.1%.

The per capita income in 23047 is estimated at $49,577, which goes along with an estimated median household income of $123,596. About 6.5% of residents in this Hanover County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.82 occupants, while the units have an aggregate average size of 3.12 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.85% of their income on housing rental costs.

Rental FAQs for ZIP Code 23047

1

What is the median monthly rent in ZIP Code 23047?

Median rent for housing in ZIP Code 23047 in Hanover County in Virginia is approximately $1,334 per month.
2

Is it expensive to rent in ZIP Code 23047?

Rent in ZIP Code 23047 is higher than average in the state of Virginia overall. The median monthly rent of $1,334 in ZIP Code 23047 is approximately 8% higher than the Virginia median of $1,234. Additionally, median rent in this Doswell, VA region ($1,334) is about 26% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 23047?

High-priced rentals are not common in the Doswell, VA ZIP Code of 23047, 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 23047?

Affordable rentals are less common in ZIP Code 23047 than in Virginia overall. The percentage of housing rentals in ZIP Code 23047 costing $999 or less per month (0%) is approximately 100% lower 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 100% higher than the previously mentioned 23047 rate of 0%.
5

What is the most common cost range that rentals fall into in ZIP Code 23047?

The most common range for rental cost in ZIP Code 23047 is between $1,000 and $1,499 per month. About 100.0% of renters in 23047 pay in this range for monthly rent. In comparison, approximately 30.1% of renters in the state of Virginia 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 23047 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 23047 is higher than the rental vacancy rate in the state of Virginia overall. Rental vacancy of 37.1% in ZIP Code 23047 is about 587% higher than the Virginia rate of 5.4%. Looking more broadly, rental vacancy in this Doswell, VA region (37.1%) is an estimated 518% 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 23047? How does it compare to other Virginia regions?

Median household income in ZIP Code 23047 is lower than in the state of Virginia overall. Annual household income of $68,932 in ZIP Code 23047 is about 7% lower than the Virginia median of $74,222. Additionally, median household income in this Doswell, VA region ($68,932) is approximately 10% higher 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 23047 spend on housing costs?

Renters in ZIP Code 23047 spend a higher amount of their income on rent costs than do renters in Virginia overall. Renters in ZIP Code 23047 spend an estimated 30.85% of their income on rent payments, which is about 5% higher 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 3% lower than the ZIP Code 23047 estimated rate of 30.85%.
9

Do renters in ZIP Code 23047 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 23047 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 23047 spending 30 percent or more of their income on rent costs (58.5%) is approximately 22% higher 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 18% lower than the aforementioned 23047 rate of 58.5%.
10

What is the average household size of renter-occupied units in ZIP Code 23047?

The average household size of renter-occupied units in ZIP Code 23047 is higher than in the state of Virginia overall. Annual household size of 2.82 in ZIP Code 23047 is about 14% higher than the Virginia median of 2.48. Additionally, median household size in this Doswell, VA region (2.82) is approximately 13% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Virginia ZIP Codes