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Rental Insights for ZIP Code 27897 (Woodland, NC)

Housing Rentals in ZIP Code 27897 (Woodland, NC)

27897 ZIP Code in North Carolina

A Detailed Snapshot of Renters in the ZIP Code 27897

The 27897 ZIP Code is predominantly located in Woodland, NC in Northampton County. The estimated median housing rent in this region of North Carolina is $511 per month. About 43.6% of all housing units in this Northampton County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 5.8%.

The median rent in ZIP Code 27897 of $511 per month is 44% lower than the aggregate North Carolina median monthly rent of $907, and is 52% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 27897, about 47.7% of renters pay less than $500 per month for housing. That is 359% higher than in North Carolina overall, in which 10.4% of total state residents pay less than $500 per month for housing. Only 4.7% of renters in this Woodland, NC region pay between $1,000 and $1,499 per month for rent.

ZIP Code 27897 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 27897

See the chart below for a comparison of monthly rental costs in ZIP Code 27897, North Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 27897 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 27897

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

Cost ZIP 27897 North Carolina U.S.
Less than $500 47.7% 10.4% 9.4%
$500 to $999 47.7% 49.3% 36.2%
$1,000 to $1,499 4.7% 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 0.0% 0.5% 2.4%
$3,000 or more 0.0% 0.5% 2.4%

Rent Cost vs. Income in ZIP Code 27897

Renters in ZIP Code 27897 use an estimated 29.37% of their income to cover their monthly rent payments. That is about 1% higher 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 27897 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 27897 come in lower than in North Carolina as a whole. The median annual household income in ZIP Code 27897 of $45,865 sits approximately 16% lower than the overall North Carolina median income of $54,602 and approximately 27% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 27897

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 27897, 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 27897 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 27897

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

Rent Cost as % of Income ZIP 27897 North Carolina U.S.
Less than 15.0 percent 20.7% 14.1% 13.1%
15.0 to 19.9 percent 10.7% 13.6% 12.9%
20.0 to 24.9 percent 2.0% 13.2% 12.9%
25.0 to 29.9 percent 17.3% 11.6% 11.6%
30.0 to 34.9 percent 7.3% 9.1% 9.1%
35.0 percent or more 42.0% 38.3% 40.5%

Household Income in ZIP Code 27897

See the table below for the regional comparison of annual household income in ZIP Code 27897.

Income ZIP 27897 North Carolina U.S.
Less than $10,000 15.1% 6.4% 6.0%
$10,000 to $14,999 4.1% 5.0% 4.3%
$15,000 to $24,999 8.9% 10.3% 8.9%
$25,000 to $34,999 4.5% 10.3% 8.9%
$35,000 to $49,999 26.4% 13.9% 12.3%
$50,000 to $74,999 24.3% 18.0% 17.2%
$75,000 to $99,999 9.9% 12.4% 12.7%
$100,000 to $149,999 5.4% 13.1% 15.1%
$150,000 to $199,999 1.6% 5.1% 6.8%
$200,000 or more 0.0% 5.4% 7.7%

Household Income in ZIP Code 27897

See the chart below for a comparison of annual household income figures in ZIP Code 27897, North Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 27897 alongside the same figures for the state of North Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 27897

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 27897.

ZIP 27897 North Carolina U.S.
Median Housing Rent $511 $907 $1,062
Renter-Occupied Housing Units 43.6% 34.8% 36.0%
Rental Vacancy Rate 5.8% 6.8% 6.0%
Average Size of Renter-Occupied Unit 2.34 2.43 2.49
Average # of Bedrooms Per Unit 2.75 2.84 2.75
Percent of Income Spent on Rent 29.37% 29.19% 29.83%
Per Capita Income $19,706 $30,783 $34,103
Median Household Income $49,353 $76,940 $88,607
Living Below the Poverty Line 16.0% 10.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 27897

In ZIP Code 27897 (Woodland, NC), and estimated 43.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.8%.

The per capita income in 27897 is estimated at $19,706, which goes along with an estimated median household income of $49,353. About 16.0% of residents in this Northampton County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.34 occupants, while the units have an aggregate average size of 2.75 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.37% of their income on housing rental costs.

Rental FAQs for ZIP Code 27897

1

What is the median monthly rent in ZIP Code 27897?

Median rent for housing in ZIP Code 27897 in Northampton County in North Carolina is approximately $511 per month.
2

Is it expensive to rent in ZIP Code 27897?

Rent in ZIP Code 27897 is lower than average in the state of North Carolina overall. The median monthly rent of $511 in ZIP Code 27897 is approximately 44% lower than the North Carolina median of $907. Additionally, median rent in this Woodland, NC region ($511) is about 52% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 27897?

High-priced rentals are not common in the Woodland, NC ZIP Code of 27897, 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 27897?

Affordable rentals are more common in ZIP Code 27897 than in North Carolina overall. The percentage of housing rentals in ZIP Code 27897 costing $999 or less per month (95.4%) is approximately 60% 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 109% lower than the previously mentioned 27897 rate of 95.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 27897?

The most common range for rental cost in ZIP Code 27897 is less than $500 per month. About 47.7% of renters in 27897 pay in this range for monthly rent. In comparison, approximately 10.4% of renters in the state of North Carolina fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 27897 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 27897 is lower than the rental vacancy rate in the state of North Carolina overall. Rental vacancy of 5.8% in ZIP Code 27897 is about 15% lower than the North Carolina rate of 6.8%. Looking more broadly, rental vacancy in this Woodland, NC region (5.8%) is an estimated 3% 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 27897? How does it compare to other North Carolina regions?

Median household income in ZIP Code 27897 is lower than in the state of North Carolina overall. Annual household income of $45,865 in ZIP Code 27897 is about 16% lower than the North Carolina median of $54,602. Additionally, median household income in this Woodland, NC region ($45,865) is approximately 27% 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 27897 spend on housing costs?

Renters in ZIP Code 27897 spend a higher amount of their income on rent costs than do renters in North Carolina overall. Renters in ZIP Code 27897 spend an estimated 29.37% of their income on rent payments, which is about 1% higher 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 2% higher than the ZIP Code 27897 estimated rate of 29.37%.
9

Do renters in ZIP Code 27897 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 27897 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 27897 spending 30 percent or more of their income on rent costs (49.3%) is approximately 4% higher 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 1% higher than the aforementioned 27897 rate of 49.3%.
10

What is the average household size of renter-occupied units in ZIP Code 27897?

The average household size of renter-occupied units in ZIP Code 27897 is lower than in the state of North Carolina overall. Annual household size of 2.34 in ZIP Code 27897 is about 4% lower than the North Carolina median of 2.43. Additionally, median household size in this Woodland, NC region (2.34) is approximately 6% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Carolina ZIP Codes