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Rental Insights for ZIP Code 41844 (Pippa Passes, KY)

Housing Rentals in ZIP Code 41844 (Pippa Passes, KY)

41844 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 41844

ZIP Code 41844 is primarily located in Pippa Passes, KY in Knott County. The median housing rent payment in this Kentucky region is $326 per month. About 59.0% of all housing units in this Knott County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 0.3%.

The median rent in ZIP Code 41844 of $326 per month is 57% lower than the aggregate Kentucky median monthly rent of $763, and is 69% lower than the $1,062 the median monthly rent in the U.S. overall. About 93.8% of residents in ZIP Code 41844 pay less than $500 per month for rent. That is 445% higher than in Kentucky overall, in which 17.2% of total state residents pay less than $500 per month for housing. Only 6.2% of renters in this Pippa Passes, KY region pay between $500 and $999 per month for rent.

ZIP Code 41844 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 41844

See the chart below for a comparison of monthly rental costs in ZIP Code 41844, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 41844 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 41844

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

Cost ZIP 41844 Kentucky U.S.
Less than $500 93.8% 17.2% 9.4%
$500 to $999 6.2% 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 41844

Renters in ZIP Code 41844 use an estimated 29.01% of their income to cover their monthly rent payments. That is about 3% 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 41844 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 41844 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 41844 of $21,726 sits approximately 57% lower than the overall Kentucky median income of $50,589 and approximately 65% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 41844

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 41844, 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 41844 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 41844

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

Rent Cost as % of Income ZIP 41844 Kentucky U.S.
Less than 15.0 percent 39.4% 17.2% 13.1%
15.0 to 19.9 percent 1.0% 13.8% 12.9%
20.0 to 24.9 percent 1.0% 12.9% 12.9%
25.0 to 29.9 percent 1.6% 11.5% 11.6%
30.0 to 34.9 percent 0.0% 8.6% 9.1%
35.0 percent or more 57.0% 36.0% 40.5%

Household Income in ZIP Code 41844

See the table below for the regional comparison of annual household income in ZIP Code 41844.

Income ZIP 41844 Kentucky U.S.
Less than $10,000 38.3% 8.3% 6.0%
$10,000 to $14,999 8.9% 5.8% 4.3%
$15,000 to $24,999 6.6% 11.1% 8.9%
$25,000 to $34,999 7.2% 10.5% 8.9%
$35,000 to $49,999 18.6% 13.8% 12.3%
$50,000 to $74,999 5.5% 17.7% 17.2%
$75,000 to $99,999 11.0% 12.1% 12.7%
$100,000 to $149,999 1.1% 12.5% 15.1%
$150,000 to $199,999 1.7% 4.3% 6.8%
$200,000 or more 0.9% 3.9% 7.7%

Household Income in ZIP Code 41844

See the chart below for a comparison of annual household income figures in ZIP Code 41844, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 41844 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 41844

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 41844.

ZIP 41844 Kentucky U.S.
Median Housing Rent $326 $763 $1,062
Renter-Occupied Housing Units 59.0% 32.8% 36.0%
Rental Vacancy Rate 0.3% 5.9% 6.0%
Average Size of Renter-Occupied Unit 1.89 2.36 2.49
Average # of Bedrooms Per Unit 2.64 2.78 2.75
Percent of Income Spent on Rent 29.01% 28.3% 29.83%
Per Capita Income $14,641 $28,178 $34,103
Median Household Income $35,938 $70,144 $88,607
Living Below the Poverty Line 39.9% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 41844

In ZIP Code 41844 (Pippa Passes, KY), and estimated 59.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.3%.

The per capita income in 41844 is estimated at $14,641, which goes along with an estimated median household income of $35,938. About 39.9% of residents in this Knott County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.89 occupants, while the units have an aggregate average size of 2.64 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.01% of their income on housing rental costs.

Rental FAQs for ZIP Code 41844

1

What is the median monthly rent in ZIP Code 41844?

Median rent for housing in ZIP Code 41844 in Knott County in Kentucky is approximately $326 per month.
2

Is it expensive to rent in ZIP Code 41844?

Rent in ZIP Code 41844 is lower than average in the state of Kentucky overall. The median monthly rent of $326 in ZIP Code 41844 is approximately 57% lower than the Kentucky median of $763. Additionally, median rent in this Pippa Passes, KY region ($326) is about 69% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 41844?

High-priced rentals are not common in the Pippa Passes, KY ZIP Code of 41844, 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 41844?

Affordable rentals are more common in ZIP Code 41844 than in Kentucky overall. The percentage of housing rentals in ZIP Code 41844 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 41844 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 41844?

The most common range for rental cost in ZIP Code 41844 is less than $500 per month. About 93.8% of renters in 41844 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 41844 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 41844 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 0.3% in ZIP Code 41844 is about 95% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Pippa Passes, KY region (0.3%) is an estimated 95% 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 41844? How does it compare to other Kentucky regions?

Median household income in ZIP Code 41844 is lower than in the state of Kentucky overall. Annual household income of $21,726 in ZIP Code 41844 is about 57% lower than the Kentucky median of $50,589. Additionally, median household income in this Pippa Passes, KY region ($21,726) is approximately 65% 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 41844 spend on housing costs?

Renters in ZIP Code 41844 spend a higher amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 41844 spend an estimated 29.01% of their income on rent payments, which is about 3% 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 3% higher than the ZIP Code 41844 estimated rate of 29.01%.
9

Do renters in ZIP Code 41844 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 41844 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 41844 spending 30 percent or more of their income on rent costs (57%) is approximately 28% 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 15% lower than the aforementioned 41844 rate of 57%.
10

What is the average household size of renter-occupied units in ZIP Code 41844?

The average household size of renter-occupied units in ZIP Code 41844 is lower than in the state of Kentucky overall. Annual household size of 1.89 in ZIP Code 41844 is about 20% lower than the Kentucky median of 2.36. Additionally, median household size in this Pippa Passes, KY region (1.89) is approximately 24% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes