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Rental Insights for ZIP Code 27344 (Siler City, NC)

Housing Rentals in ZIP Code 27344 (Siler City, NC)

27344 ZIP Code in North Carolina

A Detailed Snapshot of Renters in the ZIP Code 27344

The 27344 ZIP Code is predominantly located in Siler City, NC in Chatham County. The estimated median housing rent in this region of North Carolina is $707 per month. Approximately 34.9% of housing units in the region are renter-occupied, and this this Chatham County ZIP Code has an estimated rental vacancy rate of 7.7%.

The median rent in ZIP Code 27344 of $707 per month is 22% lower than the aggregate North Carolina median monthly rent of $907, and is 33% lower than the $1,062 the median monthly rent in the U.S. overall. About 66.6% of residents in ZIP Code 27344 pay between $500 and $999 per month for rent. That is 35% higher than in North Carolina overall, in which 49.3% of total state residents pay between $500 and $999 per month for housing. Only 0.8% of ZIP Code 27344 renters pay between $2,500 and $2,999 for monthly rent.

ZIP Code 27344 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 27344

See the chart below for a comparison of monthly rental costs in ZIP Code 27344, North Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 27344 along with those in the state of North Carolina and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 27344

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

Cost ZIP 27344 North Carolina U.S.
Less than $500 17.8% 10.4% 9.4%
$500 to $999 66.6% 49.3% 36.2%
$1,000 to $1,499 14.8% 29.9% 30.0%
$1,500 to $1,999 0.0% 7.6% 14.0%
$2,000 to $2,499 0.0% 1.8% 5.6%
$2,500 to $2,999 0.8% 0.5% 2.4%
$3,000 or more 0.0% 0.5% 2.4%

Rent Cost vs. Income in ZIP Code 27344

Renters in ZIP Code 27344 use an estimated 26.85% of their income to cover their monthly rent payments. That is about 8% lower than in North Carolina overall. The estimate for North Carolina overall is 29.19% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 27344 renters use about 10% less of their income to cover rent expense. Household income figures for ZIP Code 27344 come in lower than in North Carolina as a whole. The median annual household income in ZIP Code 27344 of $44,795 sits approximately 18% lower than the overall North Carolina median income of $54,602 and approximately 29% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 27344

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 27344, North Carolina, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 27344 along with the same calculations in the state of North Carolina 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 27344

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

Rent Cost as % of Income ZIP 27344 North Carolina U.S.
Less than 15.0 percent 20.7% 14.1% 13.1%
15.0 to 19.9 percent 17.4% 13.6% 12.9%
20.0 to 24.9 percent 9.1% 13.2% 12.9%
25.0 to 29.9 percent 10.9% 11.6% 11.6%
30.0 to 34.9 percent 11.2% 9.1% 9.1%
35.0 percent or more 30.7% 38.3% 40.5%

Household Income in ZIP Code 27344

See the table below for the regional comparison of annual household income in ZIP Code 27344.

Income ZIP 27344 North Carolina U.S.
Less than $10,000 4.9% 6.4% 6.0%
$10,000 to $14,999 7.1% 5.0% 4.3%
$15,000 to $24,999 12.8% 10.3% 8.9%
$25,000 to $34,999 14.3% 10.3% 8.9%
$35,000 to $49,999 15.0% 13.9% 12.3%
$50,000 to $74,999 18.8% 18.0% 17.2%
$75,000 to $99,999 11.4% 12.4% 12.7%
$100,000 to $149,999 10.3% 13.1% 15.1%
$150,000 to $199,999 3.6% 5.1% 6.8%
$200,000 or more 1.8% 5.4% 7.7%

Household Income in ZIP Code 27344

See the chart below for a comparison of annual household income figures in ZIP Code 27344, North Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 27344 alongside the same figures for the state of North Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 27344

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 27344.

ZIP 27344 North Carolina U.S.
Median Housing Rent $707 $907 $1,062
Renter-Occupied Housing Units 34.9% 34.8% 36.0%
Rental Vacancy Rate 7.7% 6.8% 6.0%
Average Size of Renter-Occupied Unit 3.09 2.43 2.49
Average # of Bedrooms Per Unit 2.82 2.84 2.75
Percent of Income Spent on Rent 26.85% 29.19% 29.83%
Per Capita Income $23,198 $30,783 $34,103
Median Household Income $61,882 $76,940 $88,607
Living Below the Poverty Line 12.6% 10.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 27344

In ZIP Code 27344 (Siler City, NC), and estimated 34.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.7%.

The per capita income in 27344 is estimated at $23,198, which goes along with an estimated median household income of $61,882. About 12.6% of residents in this Chatham County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.09 occupants, while the units have an aggregate average size of 2.82 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.85% of their income on housing rental costs.

Rental FAQs for ZIP Code 27344

1

What is the median monthly rent in ZIP Code 27344?

Median rent for housing in ZIP Code 27344 in Chatham County in North Carolina is approximately $707 per month.
2

Is it expensive to rent in ZIP Code 27344?

Rent in ZIP Code 27344 is lower than average in the state of North Carolina overall. The median monthly rent of $707 in ZIP Code 27344 is approximately 22% lower than the North Carolina median of $907. Additionally, median rent in this Siler City, NC region ($707) is about 33% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 27344?

High-priced rentals are not common in the Siler City, NC ZIP Code of 27344, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of North Carolina overall, approximately 0.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 27344?

Affordable rentals are more common in ZIP Code 27344 than in North Carolina overall. The percentage of housing rentals in ZIP Code 27344 costing $999 or less per month (84.4%) is approximately 41% higher than the North Carolina rate of 59.7% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 85% lower than the previously mentioned 27344 rate of 84.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 27344?

The most common range for rental cost in ZIP Code 27344 is between $500 and $999 per month. About 66.6% of renters in 27344 pay in this range for monthly rent. In comparison, approximately 49.3% of renters in the state of North Carolina fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 27344 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 27344 is higher than the rental vacancy rate in the state of North Carolina overall. Rental vacancy of 7.7% in ZIP Code 27344 is about 13% higher than the North Carolina rate of 6.8%. Looking more broadly, rental vacancy in this Siler City, NC region (7.7%) is an estimated 28% 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 27344? How does it compare to other North Carolina regions?

Median household income in ZIP Code 27344 is lower than in the state of North Carolina overall. Annual household income of $44,795 in ZIP Code 27344 is about 18% lower than the North Carolina median of $54,602. Additionally, median household income in this Siler City, NC region ($44,795) is approximately 29% 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 27344 spend on housing costs?

Renters in ZIP Code 27344 spend a lower amount of their income on rent costs than do renters in North Carolina overall. Renters in ZIP Code 27344 spend an estimated 26.85% of their income on rent payments, which is about 8% lower than the overall North Carolina 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 10% higher than the ZIP Code 27344 estimated rate of 26.85%.
9

Do renters in ZIP Code 27344 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 27344 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 27344 spending 30 percent or more of their income on rent costs (41.9%) is approximately 12% lower than the North Carolina rate of 47.4% 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 16% higher than the aforementioned 27344 rate of 41.9%.
10

What is the average household size of renter-occupied units in ZIP Code 27344?

The average household size of renter-occupied units in ZIP Code 27344 is higher than in the state of North Carolina overall. Annual household size of 3.09 in ZIP Code 27344 is about 27% higher than the North Carolina median of 2.43. Additionally, median household size in this Siler City, NC region (3.09) is approximately 24% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Carolina ZIP Codes