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Rental Insights for ZIP Code 41124 (Blaine, KY)

Housing Rentals in ZIP Code 41124 (Blaine, KY)

41124 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 41124

ZIP Code 41124 is primarily located in Blaine, KY in Lawrence County. The median housing rent payment in this Kentucky region is $458 per month. Approximately 32.3% of housing units in this Lawrence County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of zero.

The median rent in ZIP Code 41124 of $458 per month is 40% lower than the aggregate Kentucky median monthly rent of $763, and is 57% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 72.1% of residents in ZIP Code 41124 pay less than $500 per month for rent. That is 319% higher than in Kentucky overall, in which 17.2% of total state residents pay less than $500 per month for housing. Just 27.9% of renters in ZIP Code 41124 pay between $500 and $999 for monthly rent.

ZIP Code 41124 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 41124

See the chart below for a comparison of monthly rental costs in ZIP Code 41124, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 41124 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 41124

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

Cost ZIP 41124 Kentucky U.S.
Less than $500 72.1% 17.2% 9.4%
$500 to $999 27.9% 58.9% 36.2%
$1,000 to $1,499 0.0% 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 41124

Renters in ZIP Code 41124 use an estimated 29.46% of their income to cover their monthly rent payments. That is about 4% higher 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 41124 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 41124 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 41124 of $31,500 sits approximately 38% lower than the overall Kentucky median income of $50,589 and approximately 50% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 41124

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 41124, 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 41124 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 41124

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

Rent Cost as % of Income ZIP 41124 Kentucky U.S.
Less than 15.0 percent 38.2% 17.2% 13.1%
15.0 to 19.9 percent 0.0% 13.8% 12.9%
20.0 to 24.9 percent 2.9% 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 58.8% 36.0% 40.5%

Household Income in ZIP Code 41124

See the table below for the regional comparison of annual household income in ZIP Code 41124.

Income ZIP 41124 Kentucky U.S.
Less than $10,000 28.5% 8.3% 6.0%
$10,000 to $14,999 7.1% 5.8% 4.3%
$15,000 to $24,999 12.2% 11.1% 8.9%
$25,000 to $34,999 3.8% 10.5% 8.9%
$35,000 to $49,999 13.0% 13.8% 12.3%
$50,000 to $74,999 21.2% 17.7% 17.2%
$75,000 to $99,999 9.2% 12.1% 12.7%
$100,000 to $149,999 4.9% 12.5% 15.1%
$150,000 to $199,999 0.0% 4.3% 6.8%
$200,000 or more 0.0% 3.9% 7.7%

Household Income in ZIP Code 41124

See the chart below for a comparison of annual household income figures in ZIP Code 41124, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 41124 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 41124

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 41124.

ZIP 41124 Kentucky U.S.
Median Housing Rent $458 $763 $1,062
Renter-Occupied Housing Units 32.3% 32.8% 36.0%
Rental Vacancy Rate 0.0% 5.9% 6.0%
Average Size of Renter-Occupied Unit 1.74 2.36 2.49
Average # of Bedrooms Per Unit 2.92 2.78 2.75
Percent of Income Spent on Rent 29.46% 28.3% 29.83%
Per Capita Income $17,879 $28,178 $34,103
Median Household Income $37,549 $70,144 $88,607
Living Below the Poverty Line 21.7% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 41124

In ZIP Code 41124 (Blaine, KY), and estimated 32.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 41124 is estimated at $17,879, which goes along with an estimated median household income of $37,549. About 21.7% of residents in this Lawrence County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.74 occupants, while the units have an aggregate average size of 2.92 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 41124

1

What is the median monthly rent in ZIP Code 41124?

Median rent for housing in ZIP Code 41124 in Lawrence County in Kentucky is approximately $458 per month.
2

Is it expensive to rent in ZIP Code 41124?

Rent in ZIP Code 41124 is lower than average in the state of Kentucky overall. The median monthly rent of $458 in ZIP Code 41124 is approximately 40% lower than the Kentucky median of $763. Additionally, median rent in this Blaine, KY region ($458) is about 57% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 41124?

High-priced rentals are not common in the Blaine, KY ZIP Code of 41124, 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 41124?

Affordable rentals are more common in ZIP Code 41124 than in Kentucky overall. The percentage of housing rentals in ZIP Code 41124 costing $999 or less per month (100%) is approximately 31% higher 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 119% lower than the previously mentioned 41124 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 41124?

The most common range for rental cost in ZIP Code 41124 is less than $500 per month. About 72.1% of renters in 41124 pay in this range for monthly rent. In comparison, approximately 17.2% of renters in the state of Kentucky fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 41124 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 41124 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 0.0% in ZIP Code 41124 is about 100% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Blaine, 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 41124? How does it compare to other Kentucky regions?

Median household income in ZIP Code 41124 is lower than in the state of Kentucky overall. Annual household income of $31,500 in ZIP Code 41124 is about 38% lower than the Kentucky median of $50,589. Additionally, median household income in this Blaine, KY region ($31,500) is approximately 50% 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 41124 spend on housing costs?

Renters in ZIP Code 41124 spend a higher amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 41124 spend an estimated 29.46% of their income on rent payments, which is about 4% higher 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 1% higher than the ZIP Code 41124 estimated rate of 29.46%.
9

Do renters in ZIP Code 41124 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 41124 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 41124 spending 30 percent or more of their income on rent costs (58.8%) is approximately 32% higher 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 19% lower than the aforementioned 41124 rate of 58.8%.
10

What is the average household size of renter-occupied units in ZIP Code 41124?

The average household size of renter-occupied units in ZIP Code 41124 is lower than in the state of Kentucky overall. Annual household size of 1.74 in ZIP Code 41124 is about 26% lower than the Kentucky median of 2.36. Additionally, median household size in this Blaine, KY region (1.74) is approximately 30% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes