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Rental Insights for ZIP Code 42166 (Summer Shade, KY)

Housing Rentals in ZIP Code 42166 (Summer Shade, KY)

42166 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 42166

ZIP Code 42166 is primarily located in Summer Shade, KY in Metcalfe County. This Kentucky region has a median housing rent payment of $588 per month. Approximately 17.2% of housing units in this Metcalfe County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of zero.

The median rent in ZIP Code 42166 of $588 per month is 23% lower than the aggregate Kentucky median monthly rent of $763, and is 45% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 86.5% of residents in ZIP Code 42166 have a monthly rent payment between $500 and $999. That is 47% higher than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 13.5% of renters in ZIP Code 42166 pay less than $500 for monthly rent.

ZIP Code 42166 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 42166

See the chart below for a comparison of monthly rental costs in ZIP Code 42166, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 42166 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 42166

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

Cost ZIP 42166 Kentucky U.S.
Less than $500 13.5% 17.2% 9.4%
$500 to $999 86.5% 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 42166

Renters in ZIP Code 42166 use an estimated 16.27% of their income to cover their monthly rent payments. That is about 43% 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 42166 renters use about 45% less of their income to cover rent expense. Household income figures for ZIP Code 42166 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 42166 of $38,237 sits approximately 24% lower than the overall Kentucky median income of $50,589 and approximately 39% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 42166

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 42166, 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 42166 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 42166

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

Rent Cost as % of Income ZIP 42166 Kentucky U.S.
Less than 15.0 percent 59.4% 17.2% 13.1%
15.0 to 19.9 percent 24.1% 13.8% 12.9%
20.0 to 24.9 percent 0.0% 12.9% 12.9%
25.0 to 29.9 percent 6.0% 11.5% 11.6%
30.0 to 34.9 percent 0.0% 8.6% 9.1%
35.0 percent or more 10.5% 36.0% 40.5%

Household Income in ZIP Code 42166

See the table below for the regional comparison of annual household income in ZIP Code 42166.

Income ZIP 42166 Kentucky U.S.
Less than $10,000 6.4% 8.3% 6.0%
$10,000 to $14,999 9.6% 5.8% 4.3%
$15,000 to $24,999 20.3% 11.1% 8.9%
$25,000 to $34,999 11.0% 10.5% 8.9%
$35,000 to $49,999 15.2% 13.8% 12.3%
$50,000 to $74,999 14.4% 17.7% 17.2%
$75,000 to $99,999 13.2% 12.1% 12.7%
$100,000 to $149,999 5.0% 12.5% 15.1%
$150,000 to $199,999 5.0% 4.3% 6.8%
$200,000 or more 0.0% 3.9% 7.7%

Household Income in ZIP Code 42166

See the chart below for a comparison of annual household income figures in ZIP Code 42166, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 42166 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 42166

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 42166.

ZIP 42166 Kentucky U.S.
Median Housing Rent $588 $763 $1,062
Renter-Occupied Housing Units 17.2% 32.8% 36.0%
Rental Vacancy Rate 0.0% 5.9% 6.0%
Average Size of Renter-Occupied Unit 2.75 2.36 2.49
Average # of Bedrooms Per Unit 3.01 2.78 2.75
Percent of Income Spent on Rent 16.27% 28.3% 29.83%
Per Capita Income $19,805 $28,178 $34,103
Median Household Income $50,329 $70,144 $88,607
Living Below the Poverty Line 18.0% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 42166

In ZIP Code 42166 (Summer Shade, KY), and estimated 17.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 42166 is estimated at $19,805, which goes along with an estimated median household income of $50,329. About 18.0% of residents in this Metcalfe County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.75 occupants, while the units have an aggregate average size of 3.01 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 16.27% of their income on housing rental costs.

Rental FAQs for ZIP Code 42166

1

What is the median monthly rent in ZIP Code 42166?

Median rent for housing in ZIP Code 42166 in Metcalfe County in Kentucky is approximately $588 per month.
2

Is it expensive to rent in ZIP Code 42166?

Rent in ZIP Code 42166 is lower than average in the state of Kentucky overall. The median monthly rent of $588 in ZIP Code 42166 is approximately 23% lower than the Kentucky median of $763. Additionally, median rent in this Summer Shade, KY region ($588) 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 42166?

High-priced rentals are not common in the Summer Shade, KY ZIP Code of 42166, 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 42166?

Affordable rentals are more common in ZIP Code 42166 than in Kentucky overall. The percentage of housing rentals in ZIP Code 42166 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 42166 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 42166?

The most common range for rental cost in ZIP Code 42166 is between $500 and $999 per month. About 86.5% of renters in 42166 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 42166 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 42166 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 0.0% in ZIP Code 42166 is about 100% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Summer Shade, 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 42166? How does it compare to other Kentucky regions?

Median household income in ZIP Code 42166 is lower than in the state of Kentucky overall. Annual household income of $38,237 in ZIP Code 42166 is about 24% lower than the Kentucky median of $50,589. Additionally, median household income in this Summer Shade, KY region ($38,237) is approximately 39% 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 42166 spend on housing costs?

Renters in ZIP Code 42166 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 42166 spend an estimated 16.27% of their income on rent payments, which is about 43% 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 45% higher than the ZIP Code 42166 estimated rate of 16.27%.
9

Do renters in ZIP Code 42166 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 42166 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 42166 spending 30 percent or more of their income on rent costs (10.5%) is approximately 76% 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 79% higher than the aforementioned 42166 rate of 10.5%.
10

What is the average household size of renter-occupied units in ZIP Code 42166?

The average household size of renter-occupied units in ZIP Code 42166 is higher than in the state of Kentucky overall. Annual household size of 2.75 in ZIP Code 42166 is about 17% higher than the Kentucky median of 2.36. Additionally, median household size in this Summer Shade, KY region (2.75) is approximately 10% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes