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Rental Insights for ZIP Code 40759 (Rockholds, KY)

Housing Rentals in ZIP Code 40759 (Rockholds, KY)

40759 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 40759

ZIP Code 40759 is primarily located in Rockholds, KY in Whitley County. The median housing rent in this Kentucky region is estimated at $595 per month. Approximately 10.0% of housing units in this Whitley County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of zero.

The median rent in ZIP Code 40759 of $595 per month is 22% lower than the aggregate Kentucky median monthly rent of $763, and is 44% lower than the $1,062 the median monthly rent in the U.S. overall. About 53.0% of renters in ZIP Code 40759 pay between $500 and $999 per month for housing. That is 10% lower than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Only 19.7% of renters in this Rockholds, KY region pay less than $500 per month for rent.

ZIP Code 40759 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 40759

See the chart below for a comparison of monthly rental costs in ZIP Code 40759, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 40759 along with those in the state of Kentucky and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 40759

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

Cost ZIP 40759 Kentucky U.S.
Less than $500 19.7% 17.2% 9.4%
$500 to $999 53.0% 58.9% 36.2%
$1,000 to $1,499 27.3% 19.5% 30.0%
$1,500 to $1,999 0.0% 3.1% 14.0%
$2,000 to $2,499 0.0% 0.7% 5.6%
$2,500 to $2,999 0.0% 0.3% 2.4%
$3,000 or more 0.0% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 40759

Renters in ZIP Code 40759 use an estimated 21.29% of their income to cover their monthly rent payments. That is about 25% lower than in Kentucky overall. The estimate for Kentucky overall is 28.3% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 40759 renters use about 29% less of their income to cover rent expense. Household income figures for ZIP Code 40759 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 40759 of $21,324 sits approximately 58% lower than the overall Kentucky median income of $50,589 and approximately 66% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 40759

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 40759, Kentucky, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 40759 along with the same calculations in the state of Kentucky 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 40759

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

Rent Cost as % of Income ZIP 40759 Kentucky U.S.
Less than 15.0 percent 33.3% 17.2% 13.1%
15.0 to 19.9 percent 19.7% 13.8% 12.9%
20.0 to 24.9 percent 27.3% 12.9% 12.9%
25.0 to 29.9 percent 0.0% 11.5% 11.6%
30.0 to 34.9 percent 0.0% 8.6% 9.1%
35.0 percent or more 19.7% 36.0% 40.5%

Household Income in ZIP Code 40759

See the table below for the regional comparison of annual household income in ZIP Code 40759.

Income ZIP 40759 Kentucky U.S.
Less than $10,000 13.1% 8.3% 6.0%
$10,000 to $14,999 17.5% 5.8% 4.3%
$15,000 to $24,999 24.0% 11.1% 8.9%
$25,000 to $34,999 4.3% 10.5% 8.9%
$35,000 to $49,999 9.9% 13.8% 12.3%
$50,000 to $74,999 19.1% 17.7% 17.2%
$75,000 to $99,999 2.7% 12.1% 12.7%
$100,000 to $149,999 7.3% 12.5% 15.1%
$150,000 to $199,999 0.0% 4.3% 6.8%
$200,000 or more 2.3% 3.9% 7.7%

Household Income in ZIP Code 40759

See the chart below for a comparison of annual household income figures in ZIP Code 40759, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 40759 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 40759

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 40759.

ZIP 40759 Kentucky U.S.
Median Housing Rent $595 $763 $1,062
Renter-Occupied Housing Units 10.0% 32.8% 36.0%
Rental Vacancy Rate 0.0% 5.9% 6.0%
Average Size of Renter-Occupied Unit 3.05 2.36 2.49
Average # of Bedrooms Per Unit 2.72 2.78 2.75
Percent of Income Spent on Rent 21.29% 28.3% 29.83%
Per Capita Income $14,551 $28,178 $34,103
Median Household Income $40,945 $70,144 $88,607
Living Below the Poverty Line 35.1% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 40759

In ZIP Code 40759 (Rockholds, KY), and estimated 10.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 40759 is estimated at $14,551, which goes along with an estimated median household income of $40,945. About 35.1% of residents in this Whitley County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.05 occupants, while the units have an aggregate average size of 2.72 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 21.29% of their income on housing rental costs.

Rental FAQs for ZIP Code 40759

1

What is the median monthly rent in ZIP Code 40759?

Median rent for housing in ZIP Code 40759 in Whitley County in Kentucky is approximately $595 per month.
2

Is it expensive to rent in ZIP Code 40759?

Rent in ZIP Code 40759 is lower than average in the state of Kentucky overall. The median monthly rent of $595 in ZIP Code 40759 is approximately 22% lower than the Kentucky median of $763. Additionally, median rent in this Rockholds, KY region ($595) is about 44% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 40759?

High-priced rentals are not common in the Rockholds, KY ZIP Code of 40759, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Kentucky overall, approximately 0.3% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 40759?

Affordable rentals are less common in ZIP Code 40759 than in Kentucky overall. The percentage of housing rentals in ZIP Code 40759 costing $999 or less per month (72.7%) is approximately 4% lower than the Kentucky rate of 76.1% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 59% lower than the previously mentioned 40759 rate of 72.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 40759?

The most common range for rental cost in ZIP Code 40759 is between $500 and $999 per month. About 53.0% of renters in 40759 pay in this range for monthly rent. In comparison, approximately 58.9% of renters in the state of Kentucky fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 40759 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 40759 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 0.0% in ZIP Code 40759 is about 100% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Rockholds, KY 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 40759? How does it compare to other Kentucky regions?

Median household income in ZIP Code 40759 is lower than in the state of Kentucky overall. Annual household income of $21,324 in ZIP Code 40759 is about 58% lower than the Kentucky median of $50,589. Additionally, median household income in this Rockholds, KY region ($21,324) is approximately 66% 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 40759 spend on housing costs?

Renters in ZIP Code 40759 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 40759 spend an estimated 21.29% of their income on rent payments, which is about 25% lower than the overall Kentucky estimated rate of 28.3%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 29% higher than the ZIP Code 40759 estimated rate of 21.29%.
9

Do renters in ZIP Code 40759 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 40759 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 40759 spending 30 percent or more of their income on rent costs (19.7%) is approximately 56% lower than the Kentucky rate of 44.6% 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 60% higher than the aforementioned 40759 rate of 19.7%.
10

What is the average household size of renter-occupied units in ZIP Code 40759?

The average household size of renter-occupied units in ZIP Code 40759 is higher than in the state of Kentucky overall. Annual household size of 3.05 in ZIP Code 40759 is about 29% higher than the Kentucky median of 2.36. Additionally, median household size in this Rockholds, KY region (3.05) is approximately 22% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes