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Rental Insights for ZIP Code 23060 (Glen Allen, VA)

Housing Rentals in ZIP Code 23060 (Glen Allen, VA)

23060 ZIP Code in Virginia

A Detailed Snapshot of Renters in the ZIP Code 23060

The 23060 ZIP Code is predominantly located in Glen Allen, VA in Henrico County. The estimated median housing rent in this Virginia region is $1,230 per month. About 24.0% of housing units in this Henrico County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 6.0%.

The median rent in ZIP Code 23060 of $1,230 per month is 0% lower than the aggregate Virginia median monthly rent of $1,234, and is 16% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 58.1% of residents in ZIP Code 23060 have a monthly rent payment between $1,000 and $1,499. That is 93% higher than in Virginia overall, in which 30.1% of total state residents pay between $1,000 and $1,499 per month for housing. Just 0.4% of renters in this Glen Allen, VA region pay less than $500 per month for rent.

ZIP Code 23060 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 23060

See the chart below for a comparison of monthly rental costs in ZIP Code 23060, Virginia, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 23060 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 23060

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

Cost ZIP 23060 Virginia U.S.
Less than $500 0.4% 7.5% 9.4%
$500 to $999 15.5% 27.1% 36.2%
$1,000 to $1,499 58.1% 30.1% 30.0%
$1,500 to $1,999 19.8% 20.2% 14.0%
$2,000 to $2,499 4.3% 8.8% 5.6%
$2,500 to $2,999 1.1% 3.5% 2.4%
$3,000 or more 0.8% 2.8% 2.4%

Rent Cost vs. Income in ZIP Code 23060

Renters in ZIP Code 23060 use an estimated 27.7% of their income to cover their monthly rent payments. That is about 6% 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 23060 renters use about 7% less of their income to cover rent expense. Household income figures for ZIP Code 23060 come in higher than in Virginia as a whole. The median annual household income in ZIP Code 23060 of $86,134 sits approximately 16% higher than the overall Virginia median income of $74,222 and approximately 37% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 23060

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 23060, 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 23060 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 23060

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

Rent Cost as % of Income ZIP 23060 Virginia U.S.
Less than 15.0 percent 14.7% 12.7% 13.1%
15.0 to 19.9 percent 11.3% 13.7% 12.9%
20.0 to 24.9 percent 18.4% 14.0% 12.9%
25.0 to 29.9 percent 19.8% 11.8% 11.6%
30.0 to 34.9 percent 5.5% 9.3% 9.1%
35.0 percent or more 30.3% 38.5% 40.5%

Household Income in ZIP Code 23060

See the table below for the regional comparison of annual household income in ZIP Code 23060.

Income ZIP 23060 Virginia U.S.
Less than $10,000 1.8% 5.1% 6.0%
$10,000 to $14,999 1.0% 3.4% 4.3%
$15,000 to $24,999 4.1% 7.2% 8.9%
$25,000 to $34,999 4.7% 7.4% 8.9%
$35,000 to $49,999 11.4% 11.0% 12.3%
$50,000 to $74,999 18.1% 16.4% 17.2%
$75,000 to $99,999 17.6% 13.0% 12.7%
$100,000 to $149,999 18.4% 17.0% 15.1%
$150,000 to $199,999 12.1% 8.7% 6.8%
$200,000 or more 10.7% 10.9% 7.7%

Household Income in ZIP Code 23060

See the chart below for a comparison of annual household income figures in ZIP Code 23060, Virginia, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 23060 alongside the same figures for the state of Virginia and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 23060

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 23060.

ZIP 23060 Virginia U.S.
Median Housing Rent $1,230 $1,234 $1,062
Renter-Occupied Housing Units 24.0% 33.7% 36.0%
Rental Vacancy Rate 6.0% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.62 2.48 2.49
Average # of Bedrooms Per Unit 3.33 2.97 2.75
Percent of Income Spent on Rent 27.7% 29.45% 29.83%
Per Capita Income $41,371 $39,278 $34,103
Median Household Income $108,959 $101,746 $88,607
Living Below the Poverty Line 3.4% 7.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 23060

In ZIP Code 23060 (Glen Allen, VA), and estimated 24.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.0%.

The per capita income in 23060 is estimated at $41,371, which goes along with an estimated median household income of $108,959. About 3.4% of residents in this Henrico County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.62 occupants, while the units have an aggregate average size of 3.33 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.7% of their income on housing rental costs.

Rental FAQs for ZIP Code 23060

1

What is the median monthly rent in ZIP Code 23060?

Median rent for housing in ZIP Code 23060 in Henrico County in Virginia is approximately $1,230 per month.
2

Is it expensive to rent in ZIP Code 23060?

Rent in ZIP Code 23060 is lower than average in the state of Virginia overall. The median monthly rent of $1,230 in ZIP Code 23060 is approximately 0% lower than the Virginia median of $1,234. Additionally, median rent in this Glen Allen, VA region ($1,230) is about 16% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 23060?

High-priced rentals are less common in ZIP Code 23060 than in Virginia overall. The percentage of rentals in ZIP Code 23060 that cost $3,000 or more per month (0.8%) is about 71% lower than the Virginia rate of 2.8% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 67% higher than the aforementioned 23060 rate of 0.8%.
4

Are affordable rentals common in ZIP Code 23060?

Affordable rentals are less common in ZIP Code 23060 than in Virginia overall. The percentage of housing rentals in ZIP Code 23060 costing $999 or less per month (15.9%) is approximately 54% 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 65% higher than the previously mentioned 23060 rate of 15.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 23060?

The most common range for rental cost in ZIP Code 23060 is between $1,000 and $1,499 per month. About 58.1% of renters in 23060 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 23060 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 23060 is higher than the rental vacancy rate in the state of Virginia overall. Rental vacancy of 6.0% in ZIP Code 23060 is about 11% higher than the Virginia rate of 5.4%. Looking more broadly, rental vacancy in this Glen Allen, VA region (6.0%) is an estimated 0% 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 23060? How does it compare to other Virginia regions?

Median household income in ZIP Code 23060 is higher than in the state of Virginia overall. Annual household income of $86,134 in ZIP Code 23060 is about 16% higher than the Virginia median of $74,222. Additionally, median household income in this Glen Allen, VA region ($86,134) is approximately 37% 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 23060 spend on housing costs?

Renters in ZIP Code 23060 spend a lower amount of their income on rent costs than do renters in Virginia overall. Renters in ZIP Code 23060 spend an estimated 27.7% of their income on rent payments, which is about 6% 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 7% higher than the ZIP Code 23060 estimated rate of 27.7%.
9

Do renters in ZIP Code 23060 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 23060 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 23060 spending 30 percent or more of their income on rent costs (35.8%) is approximately 25% 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 28% higher than the aforementioned 23060 rate of 35.8%.
10

What is the average household size of renter-occupied units in ZIP Code 23060?

The average household size of renter-occupied units in ZIP Code 23060 is higher than in the state of Virginia overall. Annual household size of 2.62 in ZIP Code 23060 is about 6% higher than the Virginia median of 2.48. Additionally, median household size in this Glen Allen, VA region (2.62) is approximately 5% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Virginia ZIP Codes