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Rental Insights for ZIP Code 30241 (Lagrange, GA)

Housing Rentals in ZIP Code 30241 (Lagrange, GA)

30241 ZIP Code in Georgia

An In-depth Rental Snapshot of ZIP Code 30241

The 30241 ZIP Code is primarily located in Lagrange, GA in Troup County. The median housing rent in this Georgia region is estimated at $887 per month. About 52.6% of housing units in this Troup County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 5.8%.

The median rent in ZIP Code 30241 of $887 per month is 12% lower than the aggregate Georgia median monthly rent of $1,006, and is 16% lower than the $1,062 the median monthly rent in the U.S. overall. About 55.9% of residents in ZIP Code 30241 pay between $500 and $999 per month for rent. That is 38% higher than in Georgia overall, in which 40.6% of total state residents pay between $500 and $999 per month for housing. Just 0.7% of renters in this Lagrange, GA region pay between $1,500 and $1,999 for monthly rent.

ZIP Code 30241 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 30241

See the chart below for a comparison of monthly rental costs in ZIP Code 30241, Georgia, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 30241 along with those in the state of Georgia and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 30241

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

Cost ZIP 30241 Georgia U.S.
Less than $500 7.2% 8.9% 9.4%
$500 to $999 55.9% 40.6% 36.2%
$1,000 to $1,499 34.6% 35.8% 30.0%
$1,500 to $1,999 0.7% 11.1% 14.0%
$2,000 to $2,499 0.8% 2.4% 5.6%
$2,500 to $2,999 0.8% 0.6% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 30241

Renters in ZIP Code 30241 use an estimated 29.68% of their income to cover their monthly rent payments. That is about 0% higher than in Georgia overall. The estimate for Georgia overall is 29.63% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 30241 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 30241 come in lower than in Georgia as a whole. The median annual household income in ZIP Code 30241 of $44,562 sits approximately 24% lower than the overall Georgia median income of $58,700 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 30241

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 30241, Georgia, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 30241 along with the same calculations in the state of Georgia 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 30241

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

Rent Cost as % of Income ZIP 30241 Georgia U.S.
Less than 15.0 percent 16.5% 13.2% 13.1%
15.0 to 19.9 percent 10.9% 13.4% 12.9%
20.0 to 24.9 percent 12.2% 13.0% 12.9%
25.0 to 29.9 percent 10.5% 11.3% 11.6%
30.0 to 34.9 percent 7.6% 8.9% 9.1%
35.0 percent or more 42.4% 40.1% 40.5%

Household Income in ZIP Code 30241

See the table below for the regional comparison of annual household income in ZIP Code 30241.

Income ZIP 30241 Georgia U.S.
Less than $10,000 10.7% 6.8% 6.0%
$10,000 to $14,999 7.9% 4.5% 4.3%
$15,000 to $24,999 12.7% 9.4% 8.9%
$25,000 to $34,999 9.4% 9.6% 8.9%
$35,000 to $49,999 13.3% 12.9% 12.3%
$50,000 to $74,999 19.6% 17.7% 17.2%
$75,000 to $99,999 9.6% 12.6% 12.7%
$100,000 to $149,999 10.7% 14.2% 15.1%
$150,000 to $199,999 4.2% 5.8% 6.8%
$200,000 or more 1.7% 6.5% 7.7%

Household Income in ZIP Code 30241

See the chart below for a comparison of annual household income figures in ZIP Code 30241, Georgia, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 30241 alongside the same figures for the state of Georgia and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 30241

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 30241.

ZIP 30241 Georgia U.S.
Median Housing Rent $887 $1,006 $1,062
Renter-Occupied Housing Units 52.6% 36.7% 36.0%
Rental Vacancy Rate 5.8% 6.8% 6.0%
Average Size of Renter-Occupied Unit 2.65 2.61 2.49
Average # of Bedrooms Per Unit 2.69 2.99 2.75
Percent of Income Spent on Rent 29.68% 29.63% 29.83%
Per Capita Income $21,358 $31,067 $34,103
Median Household Income $57,579 $82,406 $88,607
Living Below the Poverty Line 19.7% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 30241

In ZIP Code 30241 (Lagrange, GA), and estimated 52.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.8%.

The per capita income in 30241 is estimated at $21,358, which goes along with an estimated median household income of $57,579. About 19.7% of residents in this Troup County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.65 occupants, while the units have an aggregate average size of 2.69 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.68% of their income on housing rental costs.

Rental FAQs for ZIP Code 30241

1

What is the median monthly rent in ZIP Code 30241?

Median rent for housing in ZIP Code 30241 in Troup County in Georgia is approximately $887 per month.
2

Is it expensive to rent in ZIP Code 30241?

Rent in ZIP Code 30241 is lower than average in the state of Georgia overall. The median monthly rent of $887 in ZIP Code 30241 is approximately 12% lower than the Georgia median of $1,006. Additionally, median rent in this Lagrange, GA region ($887) is about 16% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 30241?

High-priced rentals are not common in the Lagrange, GA ZIP Code of 30241, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Georgia overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 30241?

Affordable rentals are more common in ZIP Code 30241 than in Georgia overall. The percentage of housing rentals in ZIP Code 30241 costing $999 or less per month (63.1%) is approximately 27% higher than the Georgia rate of 49.5% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 38% lower than the previously mentioned 30241 rate of 63.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 30241?

The most common range for rental cost in ZIP Code 30241 is between $500 and $999 per month. About 55.9% of renters in 30241 pay in this range for monthly rent. In comparison, approximately 40.6% of renters in the state of Georgia fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 30241 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 30241 is lower than the rental vacancy rate in the state of Georgia overall. Rental vacancy of 5.8% in ZIP Code 30241 is about 15% lower than the Georgia rate of 6.8%. Looking more broadly, rental vacancy in this Lagrange, GA 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 30241? How does it compare to other Georgia regions?

Median household income in ZIP Code 30241 is lower than in the state of Georgia overall. Annual household income of $44,562 in ZIP Code 30241 is about 24% lower than the Georgia median of $58,700. Additionally, median household income in this Lagrange, GA region ($44,562) 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 30241 spend on housing costs?

Renters in ZIP Code 30241 spend a higher amount of their income on rent costs than do renters in Georgia overall. Renters in ZIP Code 30241 spend an estimated 29.68% of their income on rent payments, which is about 0% higher than the overall Georgia estimated rate of 29.63%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 1% higher than the ZIP Code 30241 estimated rate of 29.68%.
9

Do renters in ZIP Code 30241 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 30241 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 30241 spending 30 percent or more of their income on rent costs (50%) is approximately 2% higher than the Georgia rate of 49% 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% lower than the aforementioned 30241 rate of 50%.
10

What is the average household size of renter-occupied units in ZIP Code 30241?

The average household size of renter-occupied units in ZIP Code 30241 is higher than in the state of Georgia overall. Annual household size of 2.65 in ZIP Code 30241 is about 2% higher than the Georgia median of 2.61. Additionally, median household size in this Lagrange, GA region (2.65) is approximately 6% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Georgia ZIP Codes