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Rental Insights for ZIP Code 37722 (Cosby, TN)

Housing Rentals in ZIP Code 37722 (Cosby, TN)

37722 ZIP Code in Tennessee

An In-depth Rental Snapshot of ZIP Code 37722

The 37722 ZIP Code is primarily located in Cosby, TN in Cocke County. The estimated median housing rent in this region of Tennessee is $538 per month. Approximately 20.4% of housing units in this Cocke County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 32.9%.

The median rent in ZIP Code 37722 of $538 per month is 38% lower than the aggregate Tennessee median monthly rent of $869, and is 49% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 47.4% of residents in ZIP Code 37722 pay between $500 and $999 per month for rent. That is 7% lower than in Tennessee overall, in which 50.8% of total state residents pay between $500 and $999 per month for housing. Only 2.4% of renters in this Cosby, TN region pay between $1,000 and $1,499 per month for rent.

ZIP Code 37722 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 37722

See the chart below for a comparison of monthly rental costs in ZIP Code 37722, Tennessee, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 37722 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 37722

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

Cost ZIP 37722 Tennessee U.S.
Less than $500 43.6% 12.8% 9.4%
$500 to $999 47.4% 50.8% 36.2%
$1,000 to $1,499 2.4% 26.9% 30.0%
$1,500 to $1,999 0.0% 6.7% 14.0%
$2,000 to $2,499 6.6% 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 37722

Renters in ZIP Code 37722 use an estimated 32.67% of their income to cover their monthly rent payments. That is about 12% 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 37722 renters use about 10% more of their income to cover rent expense. Household income figures for ZIP Code 37722 come in lower than in Tennessee as a whole. The median annual household income in ZIP Code 37722 of $41,120 sits approximately 23% lower than the overall Tennessee median income of $53,320 and approximately 35% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 37722

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 37722, 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 37722 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 37722

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

Rent Cost as % of Income ZIP 37722 Tennessee U.S.
Less than 15.0 percent 12.1% 14.1% 13.1%
15.0 to 19.9 percent 8.3% 13.4% 12.9%
20.0 to 24.9 percent 8.1% 12.8% 12.9%
25.0 to 29.9 percent 5.5% 12.3% 11.6%
30.0 to 34.9 percent 14.2% 9.4% 9.1%
35.0 percent or more 51.9% 37.9% 40.5%

Household Income in ZIP Code 37722

See the table below for the regional comparison of annual household income in ZIP Code 37722.

Income ZIP 37722 Tennessee U.S.
Less than $10,000 7.8% 6.9% 6.0%
$10,000 to $14,999 10.4% 5.2% 4.3%
$15,000 to $24,999 13.0% 10.6% 8.9%
$25,000 to $34,999 11.5% 10.4% 8.9%
$35,000 to $49,999 17.8% 14.0% 12.3%
$50,000 to $74,999 17.9% 18.3% 17.2%
$75,000 to $99,999 9.9% 12.4% 12.7%
$100,000 to $149,999 8.3% 12.8% 15.1%
$150,000 to $199,999 2.9% 4.7% 6.8%
$200,000 or more 0.5% 4.8% 7.7%

Household Income in ZIP Code 37722

See the chart below for a comparison of annual household income figures in ZIP Code 37722, Tennessee, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 37722 alongside the same figures for the state of Tennessee and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 37722

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 37722.

ZIP 37722 Tennessee U.S.
Median Housing Rent $538 $869 $1,062
Renter-Occupied Housing Units 20.4% 33.7% 36.0%
Rental Vacancy Rate 32.9% 7.1% 6.0%
Average Size of Renter-Occupied Unit 2.34 2.42 2.49
Average # of Bedrooms Per Unit 2.41 2.81 2.75
Percent of Income Spent on Rent 32.67% 29.18% 29.83%
Per Capita Income $21,353 $29,859 $34,103
Median Household Income $51,387 $74,750 $88,607
Living Below the Poverty Line 13.4% 11.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 37722

In ZIP Code 37722 (Cosby, TN), and estimated 20.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 32.9%.

The per capita income in 37722 is estimated at $21,353, which goes along with an estimated median household income of $51,387. About 13.4% of residents in this Cocke County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.34 occupants, while the units have an aggregate average size of 2.41 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.67% of their income on housing rental costs.

Rental FAQs for ZIP Code 37722

1

What is the median monthly rent in ZIP Code 37722?

Median rent for housing in ZIP Code 37722 in Cocke County in Tennessee is approximately $538 per month.
2

Is it expensive to rent in ZIP Code 37722?

Rent in ZIP Code 37722 is lower than average in the state of Tennessee overall. The median monthly rent of $538 in ZIP Code 37722 is approximately 38% lower than the Tennessee median of $869. Additionally, median rent in this Cosby, TN region ($538) is about 49% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 37722?

High-priced rentals are not common in the Cosby, TN ZIP Code of 37722, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Tennessee 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 37722?

Affordable rentals are more common in ZIP Code 37722 than in Tennessee overall. The percentage of housing rentals in ZIP Code 37722 costing $999 or less per month (91%) is approximately 43% higher 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 100% lower than the previously mentioned 37722 rate of 91%.
5

What is the most common cost range that rentals fall into in ZIP Code 37722?

The most common range for rental cost in ZIP Code 37722 is between $500 and $999 per month. About 47.4% of renters in 37722 pay in this range for monthly rent. In comparison, approximately 50.8% of renters in the state of Tennessee fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 37722 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 37722 is higher than the rental vacancy rate in the state of Tennessee overall. Rental vacancy of 32.9% in ZIP Code 37722 is about 363% higher than the Tennessee rate of 7.1%. Looking more broadly, rental vacancy in this Cosby, TN region (32.9%) is an estimated 448% 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 37722? How does it compare to other Tennessee regions?

Median household income in ZIP Code 37722 is lower than in the state of Tennessee overall. Annual household income of $41,120 in ZIP Code 37722 is about 23% lower than the Tennessee median of $53,320. Additionally, median household income in this Cosby, TN region ($41,120) is approximately 35% 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 37722 spend on housing costs?

Renters in ZIP Code 37722 spend a higher amount of their income on rent costs than do renters in Tennessee overall. Renters in ZIP Code 37722 spend an estimated 32.67% of their income on rent payments, which is about 12% 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 10% lower than the ZIP Code 37722 estimated rate of 32.67%.
9

Do renters in ZIP Code 37722 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 37722 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 37722 spending 30 percent or more of their income on rent costs (66.1%) is approximately 40% higher 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 33% lower than the aforementioned 37722 rate of 66.1%.
10

What is the average household size of renter-occupied units in ZIP Code 37722?

The average household size of renter-occupied units in ZIP Code 37722 is lower than in the state of Tennessee overall. Annual household size of 2.34 in ZIP Code 37722 is about 3% lower than the Tennessee median of 2.42. Additionally, median household size in this Cosby, TN region (2.34) is approximately 6% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Tennessee ZIP Codes