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Rental Insights for ZIP Code 28768 (Pisgah Forest, NC)

Housing Rentals in ZIP Code 28768 (Pisgah Forest, NC)

28768 ZIP Code in North Carolina

A Detailed Snapshot of Renters in the ZIP Code 28768

The 28768 ZIP Code is predominantly located in Pisgah Forest, NC in Transylvania County. This region of North Carolina has an estimated median housing rent of $788 per month. Approximately 18.6% of housing units in this Transylvania County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of zero.

The median rent in ZIP Code 28768 of $788 per month is 13% lower than the aggregate North Carolina median monthly rent of $907, and is 26% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 81.0% of residents in ZIP Code 28768 have a monthly rent payment between $500 and $999. That is 64% higher than in North Carolina overall, in which 49.3% of total state residents pay between $500 and $999 per month for housing. Only 6.3% of renters in this Pisgah Forest, NC region pay between $2,000 and $2,499 per month for rent.

ZIP Code 28768 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 28768

See the chart below for a comparison of monthly rental costs in ZIP Code 28768, North Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 28768 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 28768

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

Cost ZIP 28768 North Carolina U.S.
Less than $500 0.0% 10.4% 9.4%
$500 to $999 81.0% 49.3% 36.2%
$1,000 to $1,499 12.7% 29.9% 30.0%
$1,500 to $1,999 0.0% 7.6% 14.0%
$2,000 to $2,499 6.3% 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 28768

Renters in ZIP Code 28768 use an estimated 25.91% of their income to cover their monthly rent payments. That is about 11% 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 28768 renters use about 13% less of their income to cover rent expense. Household income figures for ZIP Code 28768 come in higher than in North Carolina as a whole. The median annual household income in ZIP Code 28768 of $58,115 sits approximately 6% higher than the overall North Carolina median income of $54,602 and approximately 8% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 28768

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 28768, 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 28768 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 28768

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

Rent Cost as % of Income ZIP 28768 North Carolina U.S.
Less than 15.0 percent 29.4% 14.1% 13.1%
15.0 to 19.9 percent 7.1% 13.6% 12.9%
20.0 to 24.9 percent 13.2% 13.2% 12.9%
25.0 to 29.9 percent 15.5% 11.6% 11.6%
30.0 to 34.9 percent 3.0% 9.1% 9.1%
35.0 percent or more 31.8% 38.3% 40.5%

Household Income in ZIP Code 28768

See the table below for the regional comparison of annual household income in ZIP Code 28768.

Income ZIP 28768 North Carolina U.S.
Less than $10,000 6.6% 6.4% 6.0%
$10,000 to $14,999 3.3% 5.0% 4.3%
$15,000 to $24,999 7.3% 10.3% 8.9%
$25,000 to $34,999 10.9% 10.3% 8.9%
$35,000 to $49,999 13.6% 13.9% 12.3%
$50,000 to $74,999 21.2% 18.0% 17.2%
$75,000 to $99,999 14.6% 12.4% 12.7%
$100,000 to $149,999 14.6% 13.1% 15.1%
$150,000 to $199,999 3.6% 5.1% 6.8%
$200,000 or more 4.3% 5.4% 7.7%

Household Income in ZIP Code 28768

See the chart below for a comparison of annual household income figures in ZIP Code 28768, North Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 28768 alongside the same figures for the state of North Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 28768

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 28768.

ZIP 28768 North Carolina U.S.
Median Housing Rent $788 $907 $1,062
Renter-Occupied Housing Units 18.6% 34.8% 36.0%
Rental Vacancy Rate 0.0% 6.8% 6.0%
Average Size of Renter-Occupied Unit 2.35 2.43 2.49
Average # of Bedrooms Per Unit 2.9 2.84 2.75
Percent of Income Spent on Rent 25.91% 29.19% 29.83%
Per Capita Income $30,042 $30,783 $34,103
Median Household Income $72,202 $76,940 $88,607
Living Below the Poverty Line 8.3% 10.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 28768

In ZIP Code 28768 (Pisgah Forest, NC), and estimated 18.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 28768 is estimated at $30,042, which goes along with an estimated median household income of $72,202. About 8.3% of residents in this Transylvania County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.35 occupants, while the units have an aggregate average size of 2.9 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.91% of their income on housing rental costs.

Rental FAQs for ZIP Code 28768

1

What is the median monthly rent in ZIP Code 28768?

Median rent for housing in ZIP Code 28768 in Transylvania County in North Carolina is approximately $788 per month.
2

Is it expensive to rent in ZIP Code 28768?

Rent in ZIP Code 28768 is lower than average in the state of North Carolina overall. The median monthly rent of $788 in ZIP Code 28768 is approximately 13% lower than the North Carolina median of $907. Additionally, median rent in this Pisgah Forest, NC region ($788) is about 26% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 28768?

High-priced rentals are not common in the Pisgah Forest, NC ZIP Code of 28768, 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 28768?

Affordable rentals are more common in ZIP Code 28768 than in North Carolina overall. The percentage of housing rentals in ZIP Code 28768 costing $999 or less per month (81%) is approximately 36% 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 78% lower than the previously mentioned 28768 rate of 81%.
5

What is the most common cost range that rentals fall into in ZIP Code 28768?

The most common range for rental cost in ZIP Code 28768 is between $500 and $999 per month. About 81.0% of renters in 28768 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 28768 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 28768 is lower than the rental vacancy rate in the state of North Carolina overall. Rental vacancy of 0.0% in ZIP Code 28768 is about 100% lower than the North Carolina rate of 6.8%. Looking more broadly, rental vacancy in this Pisgah Forest, NC region (0.0%) is an estimated 100% 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 28768? How does it compare to other North Carolina regions?

Median household income in ZIP Code 28768 is higher than in the state of North Carolina overall. Annual household income of $58,115 in ZIP Code 28768 is about 6% higher than the North Carolina median of $54,602. Additionally, median household income in this Pisgah Forest, NC region ($58,115) is approximately 8% 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 28768 spend on housing costs?

Renters in ZIP Code 28768 spend a lower amount of their income on rent costs than do renters in North Carolina overall. Renters in ZIP Code 28768 spend an estimated 25.91% of their income on rent payments, which is about 11% 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 13% higher than the ZIP Code 28768 estimated rate of 25.91%.
9

Do renters in ZIP Code 28768 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 28768 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 28768 spending 30 percent or more of their income on rent costs (34.8%) is approximately 27% 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 30% higher than the aforementioned 28768 rate of 34.8%.
10

What is the average household size of renter-occupied units in ZIP Code 28768?

The average household size of renter-occupied units in ZIP Code 28768 is lower than in the state of North Carolina overall. Annual household size of 2.35 in ZIP Code 28768 is about 3% lower than the North Carolina median of 2.43. Additionally, median household size in this Pisgah Forest, NC region (2.35) 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