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Rental Insights for ZIP Code 28001 (Albemarle, NC)

Housing Rentals in ZIP Code 28001 (Albemarle, NC)

28001 ZIP Code in North Carolina

A Detailed Snapshot of Renters in the ZIP Code 28001

The 28001 ZIP Code is predominantly located in Albemarle, NC in Stanly County. This region of North Carolina has an estimated median housing rent of $695 per month. About 31.5% of housing units in this Stanly County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 5.1%.

The median rent in ZIP Code 28001 of $695 per month is 23% lower than the aggregate North Carolina median monthly rent of $907, and is 35% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 58.6% of residents in ZIP Code 28001 pay between $500 and $999 per month for rent. That is 19% higher than in North Carolina overall, in which 49.3% of total state residents pay between $500 and $999 per month for housing. Just 1.7% of renters in this Albemarle, NC region pay between $1,500 and $1,999 per month for rent.

ZIP Code 28001 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 28001

See the chart below for a comparison of monthly rental costs in ZIP Code 28001, North Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 28001 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 28001

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

Cost ZIP 28001 North Carolina U.S.
Less than $500 26.8% 10.4% 9.4%
$500 to $999 58.6% 49.3% 36.2%
$1,000 to $1,499 13.0% 29.9% 30.0%
$1,500 to $1,999 1.7% 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 28001

Renters in ZIP Code 28001 use an estimated 27.03% of their income to cover their monthly rent payments. That is about 7% 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 28001 renters use about 9% less of their income to cover rent expense. Household income figures for ZIP Code 28001 come in lower than in North Carolina as a whole. The median annual household income in ZIP Code 28001 of $49,205 sits approximately 10% lower than the overall North Carolina median income of $54,602 and approximately 22% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 28001

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 28001, 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 28001 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 28001

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

Rent Cost as % of Income ZIP 28001 North Carolina U.S.
Less than 15.0 percent 20.1% 14.1% 13.1%
15.0 to 19.9 percent 14.0% 13.6% 12.9%
20.0 to 24.9 percent 14.0% 13.2% 12.9%
25.0 to 29.9 percent 13.3% 11.6% 11.6%
30.0 to 34.9 percent 6.9% 9.1% 9.1%
35.0 percent or more 31.8% 38.3% 40.5%

Household Income in ZIP Code 28001

See the table below for the regional comparison of annual household income in ZIP Code 28001.

Income ZIP 28001 North Carolina U.S.
Less than $10,000 6.6% 6.4% 6.0%
$10,000 to $14,999 5.9% 5.0% 4.3%
$15,000 to $24,999 10.6% 10.3% 8.9%
$25,000 to $34,999 9.8% 10.3% 8.9%
$35,000 to $49,999 17.7% 13.9% 12.3%
$50,000 to $74,999 18.5% 18.0% 17.2%
$75,000 to $99,999 13.3% 12.4% 12.7%
$100,000 to $149,999 11.6% 13.1% 15.1%
$150,000 to $199,999 3.4% 5.1% 6.8%
$200,000 or more 2.5% 5.4% 7.7%

Household Income in ZIP Code 28001

See the chart below for a comparison of annual household income figures in ZIP Code 28001, North Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 28001 alongside the same figures for the state of North Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 28001

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 28001.

ZIP 28001 North Carolina U.S.
Median Housing Rent $695 $907 $1,062
Renter-Occupied Housing Units 31.5% 34.8% 36.0%
Rental Vacancy Rate 5.1% 6.8% 6.0%
Average Size of Renter-Occupied Unit 2.54 2.43 2.49
Average # of Bedrooms Per Unit 2.67 2.84 2.75
Percent of Income Spent on Rent 27.03% 29.19% 29.83%
Per Capita Income $25,418 $30,783 $34,103
Median Household Income $62,528 $76,940 $88,607
Living Below the Poverty Line 13.1% 10.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 28001

In ZIP Code 28001 (Albemarle, NC), and estimated 31.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.1%.

The per capita income in 28001 is estimated at $25,418, which goes along with an estimated median household income of $62,528. About 13.1% of residents in this Stanly County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.54 occupants, while the units have an aggregate average size of 2.67 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.03% of their income on housing rental costs.

Rental FAQs for ZIP Code 28001

1

What is the median monthly rent in ZIP Code 28001?

Median rent for housing in ZIP Code 28001 in Stanly County in North Carolina is approximately $695 per month.
2

Is it expensive to rent in ZIP Code 28001?

Rent in ZIP Code 28001 is lower than average in the state of North Carolina overall. The median monthly rent of $695 in ZIP Code 28001 is approximately 23% lower than the North Carolina median of $907. Additionally, median rent in this Albemarle, NC region ($695) is about 35% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 28001?

High-priced rentals are not common in the Albemarle, NC ZIP Code of 28001, 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 28001?

Affordable rentals are more common in ZIP Code 28001 than in North Carolina overall. The percentage of housing rentals in ZIP Code 28001 costing $999 or less per month (85.4%) is approximately 43% 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 87% lower than the previously mentioned 28001 rate of 85.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 28001?

The most common range for rental cost in ZIP Code 28001 is between $500 and $999 per month. About 58.6% of renters in 28001 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 28001 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 28001 is lower than the rental vacancy rate in the state of North Carolina overall. Rental vacancy of 5.1% in ZIP Code 28001 is about 25% lower than the North Carolina rate of 6.8%. Looking more broadly, rental vacancy in this Albemarle, NC region (5.1%) is an estimated 15% 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 28001? How does it compare to other North Carolina regions?

Median household income in ZIP Code 28001 is lower than in the state of North Carolina overall. Annual household income of $49,205 in ZIP Code 28001 is about 10% lower than the North Carolina median of $54,602. Additionally, median household income in this Albemarle, NC region ($49,205) is approximately 22% 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 28001 spend on housing costs?

Renters in ZIP Code 28001 spend a lower amount of their income on rent costs than do renters in North Carolina overall. Renters in ZIP Code 28001 spend an estimated 27.03% of their income on rent payments, which is about 7% 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 9% higher than the ZIP Code 28001 estimated rate of 27.03%.
9

Do renters in ZIP Code 28001 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 28001 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 28001 spending 30 percent or more of their income on rent costs (38.7%) is approximately 18% 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 22% higher than the aforementioned 28001 rate of 38.7%.
10

What is the average household size of renter-occupied units in ZIP Code 28001?

The average household size of renter-occupied units in ZIP Code 28001 is higher than in the state of North Carolina overall. Annual household size of 2.54 in ZIP Code 28001 is about 5% higher than the North Carolina median of 2.43. Additionally, median household size in this Albemarle, NC region (2.54) is approximately 2% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Carolina ZIP Codes