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Rental Insights for ZIP Code 32162 (The Villages, FL)

Housing Rentals in ZIP Code 32162 (The Villages, FL)

32162 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 32162

The 32162 ZIP Code is primarily located in The Villages, FL in Sumter County. This Florida region has a median housing rent payment of $1,454 per month. Approximately 4.7% of housing units in this Sumter County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 46.3%.

The median rent in ZIP Code 32162 of $1,454 per month is 24% higher than the aggregate Florida median monthly rent of $1,175, and is 37% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 41.9% of residents in ZIP Code 32162 have a monthly rent payment between $1,000 and $1,499. That is 7% higher than in Florida overall, in which 39.0% of total state residents pay between $1,000 and $1,499 per month for housing. Just 1.5% of renters in ZIP Code 32162 pay less than $500 for monthly rent.

ZIP Code 32162 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 32162

See the chart below for a comparison of monthly rental costs in ZIP Code 32162, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 32162 along with those in the state of Florida and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 32162

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

Cost ZIP 32162 Florida U.S.
Less than $500 1.5% 5.3% 9.4%
$500 to $999 12.3% 29.0% 36.2%
$1,000 to $1,499 41.9% 39.0% 30.0%
$1,500 to $1,999 13.4% 17.8% 14.0%
$2,000 to $2,499 20.7% 5.5% 5.6%
$2,500 to $2,999 0.0% 1.9% 2.4%
$3,000 or more 10.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 32162

Renters in ZIP Code 32162 use an estimated 34.84% of their income to cover their monthly rent payments. That is about 10% higher than in Florida overall. The estimate for Florida overall is 31.74% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 32162 renters use about 17% more of their income to cover rent expense. Household income figures for ZIP Code 32162 come in higher than in Florida as a whole. The median annual household income in ZIP Code 32162 of $63,877 sits approximately 15% higher than the overall Florida median income of $55,660 and approximately 2% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 32162

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 32162, Florida, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 32162 along with the same calculations in the state of Florida 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 32162

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

Rent Cost as % of Income ZIP 32162 Florida U.S.
Less than 15.0 percent 13.4% 8.9% 13.1%
15.0 to 19.9 percent 0.0% 10.7% 12.9%
20.0 to 24.9 percent 4.1% 12.4% 12.9%
25.0 to 29.9 percent 4.8% 11.7% 11.6%
30.0 to 34.9 percent 17.7% 9.6% 9.1%
35.0 percent or more 60.0% 46.7% 40.5%

Household Income in ZIP Code 32162

See the table below for the regional comparison of annual household income in ZIP Code 32162.

Income ZIP 32162 Florida U.S.
Less than $10,000 3.9% 6.5% 6.0%
$10,000 to $14,999 2.1% 4.3% 4.3%
$15,000 to $24,999 6.7% 9.9% 8.9%
$25,000 to $34,999 7.7% 10.3% 8.9%
$35,000 to $49,999 16.3% 13.9% 12.3%
$50,000 to $74,999 23.6% 18.3% 17.2%
$75,000 to $99,999 18.2% 12.4% 12.7%
$100,000 to $149,999 12.6% 13.1% 15.1%
$150,000 to $199,999 5.6% 5.3% 6.8%
$200,000 or more 3.3% 6.0% 7.7%

Household Income in ZIP Code 32162

See the chart below for a comparison of annual household income figures in ZIP Code 32162, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 32162 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 32162

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 32162.

ZIP 32162 Florida U.S.
Median Housing Rent $1,454 $1,175 $1,062
Renter-Occupied Housing Units 4.7% 34.6% 36.0%
Rental Vacancy Rate 46.3% 8.4% 6.0%
Average Size of Renter-Occupied Unit 1.50 2.67 2.49
Average # of Bedrooms Per Unit 2.62 2.63 2.75
Percent of Income Spent on Rent 34.84% 31.74% 29.83%
Per Capita Income $42,853 $31,619 $34,103
Median Household Income $76,614 $80,286 $88,607
Living Below the Poverty Line 2.4% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 32162

In ZIP Code 32162 (The Villages, FL), and estimated 4.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 46.3%.

The per capita income in 32162 is estimated at $42,853, which goes along with an estimated median household income of $76,614. About 2.4% of residents in this Sumter County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.50 occupants, while the units have an aggregate average size of 2.62 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 34.84% of their income on housing rental costs.

Rental FAQs for ZIP Code 32162

1

What is the median monthly rent in ZIP Code 32162?

Median rent for housing in ZIP Code 32162 in Sumter County in Florida is approximately $1,454 per month.
2

Is it expensive to rent in ZIP Code 32162?

Rent in ZIP Code 32162 is higher than average in the state of Florida overall. The median monthly rent of $1,454 in ZIP Code 32162 is approximately 24% higher than the Florida median of $1,175. Additionally, median rent in this The Villages, FL region ($1,454) is about 37% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 32162?

High-priced rentals are more common in ZIP Code 32162 than in Florida overall. The percentage of rentals in ZIP Code 32162 that cost $3,000 or more per month (10.0%) is about 567% higher than the Florida rate of 1.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 317% lower than the aforementioned 32162 rate of 10.0%.
4

Are affordable rentals common in ZIP Code 32162?

Affordable rentals are less common in ZIP Code 32162 than in Florida overall. The percentage of housing rentals in ZIP Code 32162 costing $999 or less per month (13.8%) is approximately 60% lower than the Florida rate of 34.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 70% higher than the previously mentioned 32162 rate of 13.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 32162?

The most common range for rental cost in ZIP Code 32162 is between $1,000 and $1,499 per month. About 41.9% of renters in 32162 pay in this range for monthly rent. In comparison, approximately 39.0% of renters in the state of Florida fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 32162 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 32162 is higher than the rental vacancy rate in the state of Florida overall. Rental vacancy of 46.3% in ZIP Code 32162 is about 451% higher than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this The Villages, FL region (46.3%) is an estimated 672% 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 32162? How does it compare to other Florida regions?

Median household income in ZIP Code 32162 is higher than in the state of Florida overall. Annual household income of $63,877 in ZIP Code 32162 is about 15% higher than the Florida median of $55,660. Additionally, median household income in this The Villages, FL region ($63,877) is approximately 2% higher 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 32162 spend on housing costs?

Renters in ZIP Code 32162 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 32162 spend an estimated 34.84% of their income on rent payments, which is about 10% higher than the overall Florida estimated rate of 31.74%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 17% lower than the ZIP Code 32162 estimated rate of 34.84%.
9

Do renters in ZIP Code 32162 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 32162 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 32162 spending 30 percent or more of their income on rent costs (77.7%) is approximately 38% higher than the Florida rate of 56.3% 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 57% lower than the aforementioned 32162 rate of 77.7%.
10

What is the average household size of renter-occupied units in ZIP Code 32162?

The average household size of renter-occupied units in ZIP Code 32162 is lower than in the state of Florida overall. Annual household size of 1.50 in ZIP Code 32162 is about 44% lower than the Florida median of 2.67. Additionally, median household size in this The Villages, FL region (1.50) is approximately 40% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes