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Rental Insights for ZIP Code 24226 (Clinchco, VA)

Housing Rentals in ZIP Code 24226 (Clinchco, VA)

24226 ZIP Code in Virginia

A Detailed Snapshot of Renters in the ZIP Code 24226

The 24226 ZIP Code is predominantly located in Clinchco, VA in Dickenson County. This Virginia region has an estimated median housing rent of $599 per month. About 21.7% of housing units in this Dickenson County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 2.9%.

The median rent in ZIP Code 24226 of $599 per month is 51% lower than the aggregate Virginia median monthly rent of $1,234, and is 44% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 82.8% of residents in ZIP Code 24226 pay between $500 and $999 per month for rent. That is 206% higher than in Virginia overall, in which 27.1% of total state residents pay between $500 and $999 per month for housing. Just 4.3% of renters in this Clinchco, VA region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 24226 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 24226

See the chart below for a comparison of monthly rental costs in ZIP Code 24226, Virginia, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 24226 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 24226

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

Cost ZIP 24226 Virginia U.S.
Less than $500 12.9% 7.5% 9.4%
$500 to $999 82.8% 27.1% 36.2%
$1,000 to $1,499 0.0% 30.1% 30.0%
$1,500 to $1,999 0.0% 20.2% 14.0%
$2,000 to $2,499 4.3% 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 24226

Renters in ZIP Code 24226 use an estimated 29.79% of their income to cover their monthly rent payments. That is about 1% 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 24226 renters use about 0% less of their income to cover rent expense. Household income figures for ZIP Code 24226 come in lower than in Virginia as a whole. The median annual household income in ZIP Code 24226 of $29,848 sits approximately 60% lower than the overall Virginia median income of $74,222 and approximately 53% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 24226

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 24226, 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 24226 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 24226

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

Rent Cost as % of Income ZIP 24226 Virginia U.S.
Less than 15.0 percent 17.2% 12.7% 13.1%
15.0 to 19.9 percent 25.9% 13.7% 12.9%
20.0 to 24.9 percent 0.0% 14.0% 12.9%
25.0 to 29.9 percent 4.3% 11.8% 11.6%
30.0 to 34.9 percent 0.0% 9.3% 9.1%
35.0 percent or more 52.6% 38.5% 40.5%

Household Income in ZIP Code 24226

See the table below for the regional comparison of annual household income in ZIP Code 24226.

Income ZIP 24226 Virginia U.S.
Less than $10,000 14.4% 5.1% 6.0%
$10,000 to $14,999 10.3% 3.4% 4.3%
$15,000 to $24,999 20.0% 7.2% 8.9%
$25,000 to $34,999 13.4% 7.4% 8.9%
$35,000 to $49,999 9.7% 11.0% 12.3%
$50,000 to $74,999 14.1% 16.4% 17.2%
$75,000 to $99,999 6.8% 13.0% 12.7%
$100,000 to $149,999 4.2% 17.0% 15.1%
$150,000 to $199,999 4.7% 8.7% 6.8%
$200,000 or more 2.4% 10.9% 7.7%

Household Income in ZIP Code 24226

See the chart below for a comparison of annual household income figures in ZIP Code 24226, Virginia, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 24226 alongside the same figures for the state of Virginia and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 24226

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 24226.

ZIP 24226 Virginia U.S.
Median Housing Rent $599 $1,234 $1,062
Renter-Occupied Housing Units 21.7% 33.7% 36.0%
Rental Vacancy Rate 2.9% 5.4% 6.0%
Average Size of Renter-Occupied Unit 1.77 2.48 2.49
Average # of Bedrooms Per Unit 2.74 2.97 2.75
Percent of Income Spent on Rent 29.79% 29.45% 29.83%
Per Capita Income $55,286 $39,278 $34,103
Median Household Income $103,916 $101,746 $88,607
Living Below the Poverty Line 20.0% 7.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 24226

In ZIP Code 24226 (Clinchco, VA), and estimated 21.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.9%.

The per capita income in 24226 is estimated at $55,286, which goes along with an estimated median household income of $103,916. About 20.0% of residents in this Dickenson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.77 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 29.79% of their income on housing rental costs.

Rental FAQs for ZIP Code 24226

1

What is the median monthly rent in ZIP Code 24226?

Median rent for housing in ZIP Code 24226 in Dickenson County in Virginia is approximately $599 per month.
2

Is it expensive to rent in ZIP Code 24226?

Rent in ZIP Code 24226 is lower than average in the state of Virginia overall. The median monthly rent of $599 in ZIP Code 24226 is approximately 51% lower than the Virginia median of $1,234. Additionally, median rent in this Clinchco, VA region ($599) is about 44% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 24226?

High-priced rentals are not common in the Clinchco, VA ZIP Code of 24226, 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 24226?

Affordable rentals are more common in ZIP Code 24226 than in Virginia overall. The percentage of housing rentals in ZIP Code 24226 costing $999 or less per month (95.7%) is approximately 177% 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 110% lower than the previously mentioned 24226 rate of 95.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 24226?

The most common range for rental cost in ZIP Code 24226 is between $500 and $999 per month. About 82.8% of renters in 24226 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 24226 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 24226 is lower than the rental vacancy rate in the state of Virginia overall. Rental vacancy of 2.9% in ZIP Code 24226 is about 46% lower than the Virginia rate of 5.4%. Looking more broadly, rental vacancy in this Clinchco, VA region (2.9%) is an estimated 52% 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 24226? How does it compare to other Virginia regions?

Median household income in ZIP Code 24226 is lower than in the state of Virginia overall. Annual household income of $29,848 in ZIP Code 24226 is about 60% lower than the Virginia median of $74,222. Additionally, median household income in this Clinchco, VA region ($29,848) is approximately 53% 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 24226 spend on housing costs?

Renters in ZIP Code 24226 spend a higher amount of their income on rent costs than do renters in Virginia overall. Renters in ZIP Code 24226 spend an estimated 29.79% of their income on rent payments, which is about 1% 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 0% higher than the ZIP Code 24226 estimated rate of 29.79%.
9

Do renters in ZIP Code 24226 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 24226 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 24226 spending 30 percent or more of their income on rent costs (52.6%) is approximately 10% 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 6% lower than the aforementioned 24226 rate of 52.6%.
10

What is the average household size of renter-occupied units in ZIP Code 24226?

The average household size of renter-occupied units in ZIP Code 24226 is lower than in the state of Virginia overall. Annual household size of 1.77 in ZIP Code 24226 is about 29% lower than the Virginia median of 2.48. Additionally, median household size in this Clinchco, VA region (1.77) is approximately 29% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Virginia ZIP Codes