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Rental Insights for ZIP Code 37076 (Hermitage, TN)

Housing Rentals in ZIP Code 37076 (Hermitage, TN)

37076 ZIP Code in Tennessee

An In-depth Rental Snapshot of ZIP Code 37076

The 37076 ZIP Code is primarily located in Hermitage, TN in Davidson County. The estimated median housing rent in this region of Tennessee is $1,137 per month. About 42.5% of housing units in this Davidson County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 5.9%.

The median rent in ZIP Code 37076 of $1,137 per month is 31% higher than the aggregate Tennessee median monthly rent of $869, and is 7% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 56.0% of residents in ZIP Code 37076 have a monthly rent payment between $1,000 and $1,499. That is 108% higher than in Tennessee overall, in which 26.9% of total state residents pay between $1,000 and $1,499 per month for housing. Just 0.1% of renters in this Hermitage, TN region pay between $2,500 and $2,999 per month for rent.

ZIP Code 37076 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 37076

See the chart below for a comparison of monthly rental costs in ZIP Code 37076, Tennessee, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 37076 along with those in the state of Tennessee and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 37076

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

Cost ZIP 37076 Tennessee U.S.
Less than $500 3.1% 12.8% 9.4%
$500 to $999 26.8% 50.8% 36.2%
$1,000 to $1,499 56.0% 26.9% 30.0%
$1,500 to $1,999 10.3% 6.7% 14.0%
$2,000 to $2,499 2.7% 1.8% 5.6%
$2,500 to $2,999 0.1% 0.5% 2.4%
$3,000 or more 0.9% 0.5% 2.4%

Rent Cost vs. Income in ZIP Code 37076

Renters in ZIP Code 37076 use an estimated 29.46% of their income to cover their monthly rent payments. That is about 1% higher than in Tennessee overall. The estimate for Tennessee overall is 29.18% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 37076 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 37076 come in higher than in Tennessee as a whole. The median annual household income in ZIP Code 37076 of $65,870 sits approximately 24% higher than the overall Tennessee median income of $53,320 and approximately 5% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 37076

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 37076, Tennessee, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 37076 along with the same calculations in the state of Tennessee 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 37076

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

Rent Cost as % of Income ZIP 37076 Tennessee U.S.
Less than 15.0 percent 11.2% 14.1% 13.1%
15.0 to 19.9 percent 13.2% 13.4% 12.9%
20.0 to 24.9 percent 15.1% 12.8% 12.9%
25.0 to 29.9 percent 14.1% 12.3% 11.6%
30.0 to 34.9 percent 10.1% 9.4% 9.1%
35.0 percent or more 36.4% 37.9% 40.5%

Household Income in ZIP Code 37076

See the table below for the regional comparison of annual household income in ZIP Code 37076.

Income ZIP 37076 Tennessee U.S.
Less than $10,000 4.0% 6.9% 6.0%
$10,000 to $14,999 2.3% 5.2% 4.3%
$15,000 to $24,999 6.5% 10.6% 8.9%
$25,000 to $34,999 9.7% 10.4% 8.9%
$35,000 to $49,999 14.3% 14.0% 12.3%
$50,000 to $74,999 20.7% 18.3% 17.2%
$75,000 to $99,999 15.2% 12.4% 12.7%
$100,000 to $149,999 16.5% 12.8% 15.1%
$150,000 to $199,999 6.9% 4.7% 6.8%
$200,000 or more 3.9% 4.8% 7.7%

Household Income in ZIP Code 37076

See the chart below for a comparison of annual household income figures in ZIP Code 37076, Tennessee, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 37076 alongside the same figures for the state of Tennessee and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 37076

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 37076.

ZIP 37076 Tennessee U.S.
Median Housing Rent $1,137 $869 $1,062
Renter-Occupied Housing Units 42.5% 33.7% 36.0%
Rental Vacancy Rate 5.9% 7.1% 6.0%
Average Size of Renter-Occupied Unit 2.09 2.42 2.49
Average # of Bedrooms Per Unit 2.61 2.81 2.75
Percent of Income Spent on Rent 29.46% 29.18% 29.83%
Per Capita Income $34,778 $29,859 $34,103
Median Household Income $78,803 $74,750 $88,607
Living Below the Poverty Line 7.7% 11.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 37076

In ZIP Code 37076 (Hermitage, TN), and estimated 42.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.9%.

The per capita income in 37076 is estimated at $34,778, which goes along with an estimated median household income of $78,803. About 7.7% of residents in this Davidson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.09 occupants, while the units have an aggregate average size of 2.61 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.46% of their income on housing rental costs.

Rental FAQs for ZIP Code 37076

1

What is the median monthly rent in ZIP Code 37076?

Median rent for housing in ZIP Code 37076 in Davidson County in Tennessee is approximately $1,137 per month.
2

Is it expensive to rent in ZIP Code 37076?

Rent in ZIP Code 37076 is higher than average in the state of Tennessee overall. The median monthly rent of $1,137 in ZIP Code 37076 is approximately 31% higher than the Tennessee median of $869. Additionally, median rent in this Hermitage, TN region ($1,137) is about 7% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 37076?

High-priced rentals are more common in ZIP Code 37076 than in Tennessee overall. The percentage of rentals in ZIP Code 37076 that cost $3,000 or more per month (0.9%) is about 80% higher than the Tennessee rate of 0.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 63% higher than the aforementioned 37076 rate of 0.9%.
4

Are affordable rentals common in ZIP Code 37076?

Affordable rentals are less common in ZIP Code 37076 than in Tennessee overall. The percentage of housing rentals in ZIP Code 37076 costing $999 or less per month (29.9%) is approximately 53% lower than the Tennessee rate of 63.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 34% higher than the previously mentioned 37076 rate of 29.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 37076?

The most common range for rental cost in ZIP Code 37076 is between $1,000 and $1,499 per month. About 56.0% of renters in 37076 pay in this range for monthly rent. In comparison, approximately 26.9% of renters in the state of Tennessee 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 37076 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 37076 is lower than the rental vacancy rate in the state of Tennessee overall. Rental vacancy of 5.9% in ZIP Code 37076 is about 17% lower than the Tennessee rate of 7.1%. Looking more broadly, rental vacancy in this Hermitage, TN region (5.9%) is an estimated 2% 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 37076? How does it compare to other Tennessee regions?

Median household income in ZIP Code 37076 is higher than in the state of Tennessee overall. Annual household income of $65,870 in ZIP Code 37076 is about 24% higher than the Tennessee median of $53,320. Additionally, median household income in this Hermitage, TN region ($65,870) is approximately 5% 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 37076 spend on housing costs?

Renters in ZIP Code 37076 spend a higher amount of their income on rent costs than do renters in Tennessee overall. Renters in ZIP Code 37076 spend an estimated 29.46% of their income on rent payments, which is about 1% higher than the overall Tennessee estimated rate of 29.18%. 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 37076 estimated rate of 29.46%.
9

Do renters in ZIP Code 37076 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 37076 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 37076 spending 30 percent or more of their income on rent costs (46.5%) is approximately 2% lower than the Tennessee rate of 47.3% 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 6% higher than the aforementioned 37076 rate of 46.5%.
10

What is the average household size of renter-occupied units in ZIP Code 37076?

The average household size of renter-occupied units in ZIP Code 37076 is lower than in the state of Tennessee overall. Annual household size of 2.09 in ZIP Code 37076 is about 14% lower than the Tennessee median of 2.42. Additionally, median household size in this Hermitage, TN region (2.09) is approximately 16% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Tennessee ZIP Codes