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Rental Insights for ZIP Code 37846 (Philadelphia, TN)

Housing Rentals in ZIP Code 37846 (Philadelphia, TN)

37846 ZIP Code in Tennessee

An In-depth Rental Snapshot of ZIP Code 37846

The 37846 ZIP Code is primarily located in Philadelphia, TN in Loudon County. The estimated median housing rent in this region of Tennessee is $581 per month. About 19.6% of all housing units in this Loudon County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 37846 of $581 per month is 33% lower than the aggregate Tennessee median monthly rent of $869, and is 45% lower than the $1,062 the median monthly rent in the U.S. overall. About 49.8% of residents in ZIP Code 37846 pay between $500 and $999 per month for rent. That is 2% lower than in Tennessee overall, in which 50.8% of total state residents pay between $500 and $999 per month for housing. Only 6.3% of renters in this Philadelphia, TN region pay between $1,000 and $1,499 per month for rent.

ZIP Code 37846 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 37846

See the chart below for a comparison of monthly rental costs in ZIP Code 37846, Tennessee, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 37846 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 37846

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

Cost ZIP 37846 Tennessee U.S.
Less than $500 43.9% 12.8% 9.4%
$500 to $999 49.8% 50.8% 36.2%
$1,000 to $1,499 6.3% 26.9% 30.0%
$1,500 to $1,999 0.0% 6.7% 14.0%
$2,000 to $2,499 0.0% 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 37846

Renters in ZIP Code 37846 use an estimated 30.18% of their income to cover their monthly rent payments. That is about 3% 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 37846 renters use about 1% more of their income to cover rent expense. Household income figures for ZIP Code 37846 come in higher than in Tennessee as a whole. The median annual household income in ZIP Code 37846 of $56,694 sits approximately 6% higher than the overall Tennessee median income of $53,320 and approximately 10% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 37846

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 37846, 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 37846 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 37846

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

Rent Cost as % of Income ZIP 37846 Tennessee U.S.
Less than 15.0 percent 11.1% 14.1% 13.1%
15.0 to 19.9 percent 10.7% 13.4% 12.9%
20.0 to 24.9 percent 19.6% 12.8% 12.9%
25.0 to 29.9 percent 6.3% 12.3% 11.6%
30.0 to 34.9 percent 12.2% 9.4% 9.1%
35.0 percent or more 40.2% 37.9% 40.5%

Household Income in ZIP Code 37846

See the table below for the regional comparison of annual household income in ZIP Code 37846.

Income ZIP 37846 Tennessee U.S.
Less than $10,000 15.2% 6.9% 6.0%
$10,000 to $14,999 2.1% 5.2% 4.3%
$15,000 to $24,999 6.0% 10.6% 8.9%
$25,000 to $34,999 6.8% 10.4% 8.9%
$35,000 to $49,999 14.0% 14.0% 12.3%
$50,000 to $74,999 25.1% 18.3% 17.2%
$75,000 to $99,999 12.0% 12.4% 12.7%
$100,000 to $149,999 15.6% 12.8% 15.1%
$150,000 to $199,999 2.2% 4.7% 6.8%
$200,000 or more 0.8% 4.8% 7.7%

Household Income in ZIP Code 37846

See the chart below for a comparison of annual household income figures in ZIP Code 37846, Tennessee, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 37846 alongside the same figures for the state of Tennessee and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 37846

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 37846.

ZIP 37846 Tennessee U.S.
Median Housing Rent $581 $869 $1,062
Renter-Occupied Housing Units 19.6% 33.7% 36.0%
Rental Vacancy Rate 0.0% 7.1% 6.0%
Average Size of Renter-Occupied Unit 2.13 2.42 2.49
Average # of Bedrooms Per Unit 3.04 2.81 2.75
Percent of Income Spent on Rent 30.18% 29.18% 29.83%
Per Capita Income $24,514 $29,859 $34,103
Median Household Income $61,196 $74,750 $88,607
Living Below the Poverty Line 11.8% 11.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 37846

In ZIP Code 37846 (Philadelphia, TN), and estimated 19.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 37846 is estimated at $24,514, which goes along with an estimated median household income of $61,196. About 11.8% of residents in this Loudon County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.13 occupants, while the units have an aggregate average size of 3.04 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.18% of their income on housing rental costs.

Rental FAQs for ZIP Code 37846

1

What is the median monthly rent in ZIP Code 37846?

Median rent for housing in ZIP Code 37846 in Loudon County in Tennessee is approximately $581 per month.
2

Is it expensive to rent in ZIP Code 37846?

Rent in ZIP Code 37846 is lower than average in the state of Tennessee overall. The median monthly rent of $581 in ZIP Code 37846 is approximately 33% lower than the Tennessee median of $869. Additionally, median rent in this Philadelphia, TN region ($581) is about 45% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 37846?

High-priced rentals are not common in the Philadelphia, TN ZIP Code of 37846, 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 37846?

Affordable rentals are more common in ZIP Code 37846 than in Tennessee overall. The percentage of housing rentals in ZIP Code 37846 costing $999 or less per month (93.7%) is approximately 47% 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 105% lower than the previously mentioned 37846 rate of 93.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 37846?

The most common range for rental cost in ZIP Code 37846 is between $500 and $999 per month. About 49.8% of renters in 37846 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 37846 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 37846 is lower than the rental vacancy rate in the state of Tennessee overall. Rental vacancy of 0.0% in ZIP Code 37846 is about 100% lower than the Tennessee rate of 7.1%. Looking more broadly, rental vacancy in this Philadelphia, TN 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 37846? How does it compare to other Tennessee regions?

Median household income in ZIP Code 37846 is higher than in the state of Tennessee overall. Annual household income of $56,694 in ZIP Code 37846 is about 6% higher than the Tennessee median of $53,320. Additionally, median household income in this Philadelphia, TN region ($56,694) is approximately 10% 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 37846 spend on housing costs?

Renters in ZIP Code 37846 spend a higher amount of their income on rent costs than do renters in Tennessee overall. Renters in ZIP Code 37846 spend an estimated 30.18% of their income on rent payments, which is about 3% 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% lower than the ZIP Code 37846 estimated rate of 30.18%.
9

Do renters in ZIP Code 37846 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 37846 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 37846 spending 30 percent or more of their income on rent costs (52.4%) is approximately 11% 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 6% lower than the aforementioned 37846 rate of 52.4%.
10

What is the average household size of renter-occupied units in ZIP Code 37846?

The average household size of renter-occupied units in ZIP Code 37846 is lower than in the state of Tennessee overall. Annual household size of 2.13 in ZIP Code 37846 is about 12% lower than the Tennessee median of 2.42. Additionally, median household size in this Philadelphia, TN region (2.13) is approximately 14% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Tennessee ZIP Codes