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Rental Insights for ZIP Code 42441 (Nebo, KY)

Housing Rentals in ZIP Code 42441 (Nebo, KY)

42441 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 42441

ZIP Code 42441 is primarily located in Nebo, KY in Hopkins County. This Kentucky region has a median housing rent payment of $616 per month. About 25.9% of housing units in the region are renter-occupied, and this Hopkins County ZIP Code has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 42441 of $616 per month is 19% lower than the aggregate Kentucky median monthly rent of $763, and is 42% lower than the $1,062 the median monthly rent in the U.S. overall. About 70.1% of residents in ZIP Code 42441 pay between $500 and $999 per month for rent. That is 19% higher than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 42441 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 42441

See the chart below for a comparison of monthly rental costs in ZIP Code 42441, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 42441 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 42441

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

Cost ZIP 42441 Kentucky U.S.
Less than $500 29.9% 17.2% 9.4%
$500 to $999 70.1% 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 42441

Renters in ZIP Code 42441 use an estimated 16% 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 42441 renters use about 46% less of their income to cover rent expense. Household income figures for ZIP Code 42441 come in higher than in Kentucky as a whole. The median annual household income in ZIP Code 42441 of $63,977 sits approximately 26% higher than the overall Kentucky median income of $50,589 and approximately 2% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 42441

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 42441, 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 42441 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 42441

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

Rent Cost as % of Income ZIP 42441 Kentucky U.S.
Less than 15.0 percent 54.0% 17.2% 13.1%
15.0 to 19.9 percent 27.6% 13.8% 12.9%
20.0 to 24.9 percent 9.2% 12.9% 12.9%
25.0 to 29.9 percent 1.1% 11.5% 11.6%
30.0 to 34.9 percent 0.0% 8.6% 9.1%
35.0 percent or more 8.0% 36.0% 40.5%

Household Income in ZIP Code 42441

See the table below for the regional comparison of annual household income in ZIP Code 42441.

Income ZIP 42441 Kentucky U.S.
Less than $10,000 12.9% 8.3% 6.0%
$10,000 to $14,999 0.8% 5.8% 4.3%
$15,000 to $24,999 4.7% 11.1% 8.9%
$25,000 to $34,999 13.7% 10.5% 8.9%
$35,000 to $49,999 10.5% 13.8% 12.3%
$50,000 to $74,999 18.1% 17.7% 17.2%
$75,000 to $99,999 16.8% 12.1% 12.7%
$100,000 to $149,999 19.7% 12.5% 15.1%
$150,000 to $199,999 1.2% 4.3% 6.8%
$200,000 or more 1.6% 3.9% 7.7%

Household Income in ZIP Code 42441

See the chart below for a comparison of annual household income figures in ZIP Code 42441, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 42441 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 42441

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 42441.

ZIP 42441 Kentucky U.S.
Median Housing Rent $616 $763 $1,062
Renter-Occupied Housing Units 25.9% 32.8% 36.0%
Rental Vacancy Rate 0.0% 5.9% 6.0%
Average Size of Renter-Occupied Unit 1.45 2.36 2.49
Average # of Bedrooms Per Unit 2.79 2.78 2.75
Percent of Income Spent on Rent 16% 28.3% 29.83%
Per Capita Income $27,111 $28,178 $34,103
Median Household Income $69,988 $70,144 $88,607
Living Below the Poverty Line 6.9% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 42441

In ZIP Code 42441 (Nebo, KY), and estimated 25.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 42441 is estimated at $27,111, which goes along with an estimated median household income of $69,988. About 6.9% of residents in this Hopkins County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.45 occupants, while the units have an aggregate average size of 2.79 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 16% of their income on housing rental costs.

Rental FAQs for ZIP Code 42441

1

What is the median monthly rent in ZIP Code 42441?

Median rent for housing in ZIP Code 42441 in Hopkins County in Kentucky is approximately $616 per month.
2

Is it expensive to rent in ZIP Code 42441?

Rent in ZIP Code 42441 is lower than average in the state of Kentucky overall. The median monthly rent of $616 in ZIP Code 42441 is approximately 19% lower than the Kentucky median of $763. Additionally, median rent in this Nebo, KY region ($616) is about 42% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 42441?

High-priced rentals are not common in the Nebo, KY ZIP Code of 42441, 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 42441?

Affordable rentals are more common in ZIP Code 42441 than in Kentucky overall. The percentage of housing rentals in ZIP Code 42441 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 42441 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 42441?

The most common range for rental cost in ZIP Code 42441 is between $500 and $999 per month. About 70.1% of renters in 42441 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 42441 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 42441 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 0.0% in ZIP Code 42441 is about 100% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Nebo, 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 42441? How does it compare to other Kentucky regions?

Median household income in ZIP Code 42441 is higher than in the state of Kentucky overall. Annual household income of $63,977 in ZIP Code 42441 is about 26% higher than the Kentucky median of $50,589. Additionally, median household income in this Nebo, KY region ($63,977) is approximately 2% higher 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 42441 spend on housing costs?

Renters in ZIP Code 42441 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 42441 spend an estimated 16% 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 46% higher than the ZIP Code 42441 estimated rate of 16%.
9

Do renters in ZIP Code 42441 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 42441 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 42441 spending 30 percent or more of their income on rent costs (8%) is approximately 82% 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 84% higher than the aforementioned 42441 rate of 8%.
10

What is the average household size of renter-occupied units in ZIP Code 42441?

The average household size of renter-occupied units in ZIP Code 42441 is lower than in the state of Kentucky overall. Annual household size of 1.45 in ZIP Code 42441 is about 39% lower than the Kentucky median of 2.36. Additionally, median household size in this Nebo, KY region (1.45) is approximately 42% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes