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Rental Insights for ZIP Code 39866 (Morgan, GA)

Housing Rentals in ZIP Code 39866 (Morgan, GA)

39866 ZIP Code in Georgia

An In-depth Rental Snapshot of ZIP Code 39866

The 39866 ZIP Code is primarily located in Morgan, GA in Calhoun County. The median housing rent in this region or Georgia is estimated at $467 per month. About 23.9% of all housing units in this Calhoun County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 10.8%.

The median rent in ZIP Code 39866 of $467 per month is 54% lower than the aggregate Georgia median monthly rent of $1,006, and is 56% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 70.0% of residents in ZIP Code 39866 have a monthly rent payment less than $500. That is 687% higher than in Georgia overall, in which 8.9% of total state residents pay less than $500 per month for housing. Only 30.0% of renters in this Morgan, GA region pay between $500 and $999 per month for rent.

ZIP Code 39866 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 39866

See the chart below for a comparison of monthly rental costs in ZIP Code 39866, Georgia, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 39866 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 39866

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

Cost ZIP 39866 Georgia U.S.
Less than $500 70.0% 8.9% 9.4%
$500 to $999 30.0% 40.6% 36.2%
$1,000 to $1,499 0.0% 35.8% 30.0%
$1,500 to $1,999 0.0% 11.1% 14.0%
$2,000 to $2,499 0.0% 2.4% 5.6%
$2,500 to $2,999 0.0% 0.6% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 39866

Renters in ZIP Code 39866 use an estimated 20.82% of their income to cover their monthly rent payments. That is about 30% lower 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 39866 renters use about 30% less of their income to cover rent expense. Household income figures for ZIP Code 39866 come in lower than in Georgia as a whole. The median annual household income in ZIP Code 39866 of $30,500 sits approximately 48% lower than the overall Georgia median income of $58,700 and approximately 51% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 39866

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 39866, 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 39866 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 39866

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

Rent Cost as % of Income ZIP 39866 Georgia U.S.
Less than 15.0 percent 66.7% 13.2% 13.1%
15.0 to 19.9 percent 0.0% 13.4% 12.9%
20.0 to 24.9 percent 0.0% 13.0% 12.9%
25.0 to 29.9 percent 0.0% 11.3% 11.6%
30.0 to 34.9 percent 0.0% 8.9% 9.1%
35.0 percent or more 33.3% 40.1% 40.5%

Household Income in ZIP Code 39866

See the table below for the regional comparison of annual household income in ZIP Code 39866.

Income ZIP 39866 Georgia U.S.
Less than $10,000 13.0% 6.8% 6.0%
$10,000 to $14,999 10.1% 4.5% 4.3%
$15,000 to $24,999 19.6% 9.4% 8.9%
$25,000 to $34,999 12.3% 9.6% 8.9%
$35,000 to $49,999 16.7% 12.9% 12.3%
$50,000 to $74,999 12.3% 17.7% 17.2%
$75,000 to $99,999 8.7% 12.6% 12.7%
$100,000 to $149,999 2.9% 14.2% 15.1%
$150,000 to $199,999 0.7% 5.8% 6.8%
$200,000 or more 3.6% 6.5% 7.7%

Household Income in ZIP Code 39866

See the chart below for a comparison of annual household income figures in ZIP Code 39866, Georgia, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 39866 alongside the same figures for the state of Georgia and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 39866

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 39866.

ZIP 39866 Georgia U.S.
Median Housing Rent $467 $1,006 $1,062
Renter-Occupied Housing Units 23.9% 36.7% 36.0%
Rental Vacancy Rate 10.8% 6.8% 6.0%
Average Size of Renter-Occupied Unit 2.79 2.61 2.49
Average # of Bedrooms Per Unit 2.77 2.99 2.75
Percent of Income Spent on Rent 20.82% 29.63% 29.83%
Per Capita Income $5,374 $31,067 $34,103
Median Household Income $54,546 $82,406 $88,607
Living Below the Poverty Line 39.7% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 39866

In ZIP Code 39866 (Morgan, GA), and estimated 23.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 10.8%.

The per capita income in 39866 is estimated at $5,374, which goes along with an estimated median household income of $54,546. About 39.7% of residents in this Calhoun County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.79 occupants, while the units have an aggregate average size of 2.77 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 20.82% of their income on housing rental costs.

Rental FAQs for ZIP Code 39866

1

What is the median monthly rent in ZIP Code 39866?

Median rent for housing in ZIP Code 39866 in Calhoun County in Georgia is approximately $467 per month.
2

Is it expensive to rent in ZIP Code 39866?

Rent in ZIP Code 39866 is lower than average in the state of Georgia overall. The median monthly rent of $467 in ZIP Code 39866 is approximately 54% lower than the Georgia median of $1,006. Additionally, median rent in this Morgan, GA region ($467) is about 56% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 39866?

High-priced rentals are not common in the Morgan, GA ZIP Code of 39866, 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 39866?

Affordable rentals are more common in ZIP Code 39866 than in Georgia overall. The percentage of housing rentals in ZIP Code 39866 costing $999 or less per month (100%) is approximately 102% 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 119% lower than the previously mentioned 39866 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 39866?

The most common range for rental cost in ZIP Code 39866 is less than $500 per month. About 70.0% of renters in 39866 pay in this range for monthly rent. In comparison, approximately 8.9% of renters in the state of Georgia fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 39866 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 39866 is higher than the rental vacancy rate in the state of Georgia overall. Rental vacancy of 10.8% in ZIP Code 39866 is about 59% higher than the Georgia rate of 6.8%. Looking more broadly, rental vacancy in this Morgan, GA region (10.8%) is an estimated 80% 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 39866? How does it compare to other Georgia regions?

Median household income in ZIP Code 39866 is lower than in the state of Georgia overall. Annual household income of $30,500 in ZIP Code 39866 is about 48% lower than the Georgia median of $58,700. Additionally, median household income in this Morgan, GA region ($30,500) is approximately 51% 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 39866 spend on housing costs?

Renters in ZIP Code 39866 spend a lower amount of their income on rent costs than do renters in Georgia overall. Renters in ZIP Code 39866 spend an estimated 20.82% of their income on rent payments, which is about 30% lower 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 30% higher than the ZIP Code 39866 estimated rate of 20.82%.
9

Do renters in ZIP Code 39866 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 39866 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 39866 spending 30 percent or more of their income on rent costs (33.3%) is approximately 32% lower 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 33% higher than the aforementioned 39866 rate of 33.3%.
10

What is the average household size of renter-occupied units in ZIP Code 39866?

The average household size of renter-occupied units in ZIP Code 39866 is higher than in the state of Georgia overall. Annual household size of 2.79 in ZIP Code 39866 is about 7% higher than the Georgia median of 2.61. Additionally, median household size in this Morgan, GA region (2.79) is approximately 12% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Georgia ZIP Codes