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Rental Insights for ZIP Code 42721 (Caneyville, KY)

Housing Rentals in ZIP Code 42721 (Caneyville, KY)

42721 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 42721

ZIP Code 42721 is primarily located in Caneyville, KY in Grayson County. This Kentucky region has a median housing rent payment of $599 per month. Approximately 20.0% of housing units in this Grayson County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 2.2%.

The median rent in ZIP Code 42721 of $599 per month is 21% 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. An estimated 62.8% of residents in ZIP Code 42721 pay between $500 and $999 per month for rent. That is 7% higher than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Only 37.2% of renters in this Caneyville, KY region pay less than $500 per month for rent.

ZIP Code 42721 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 42721

See the chart below for a comparison of monthly rental costs in ZIP Code 42721, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 42721 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 42721

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

Cost ZIP 42721 Kentucky U.S.
Less than $500 37.2% 17.2% 9.4%
$500 to $999 62.8% 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 42721

Renters in ZIP Code 42721 use an estimated 28.38% of their income to cover their monthly rent payments. That is about 0% 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 42721 renters use about 5% less of their income to cover rent expense. Household income figures for ZIP Code 42721 come in lower than in Kentucky as a whole. The median annual household income in ZIP Code 42721 of $38,220 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 42721

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 42721, 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 42721 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 42721

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

Rent Cost as % of Income ZIP 42721 Kentucky U.S.
Less than 15.0 percent 15.1% 17.2% 13.1%
15.0 to 19.9 percent 27.4% 13.8% 12.9%
20.0 to 24.9 percent 4.5% 12.9% 12.9%
25.0 to 29.9 percent 5.6% 11.5% 11.6%
30.0 to 34.9 percent 6.7% 8.6% 9.1%
35.0 percent or more 40.8% 36.0% 40.5%

Household Income in ZIP Code 42721

See the table below for the regional comparison of annual household income in ZIP Code 42721.

Income ZIP 42721 Kentucky U.S.
Less than $10,000 12.4% 8.3% 6.0%
$10,000 to $14,999 8.5% 5.8% 4.3%
$15,000 to $24,999 12.3% 11.1% 8.9%
$25,000 to $34,999 11.5% 10.5% 8.9%
$35,000 to $49,999 17.8% 13.8% 12.3%
$50,000 to $74,999 17.0% 17.7% 17.2%
$75,000 to $99,999 12.7% 12.1% 12.7%
$100,000 to $149,999 6.0% 12.5% 15.1%
$150,000 to $199,999 1.7% 4.3% 6.8%
$200,000 or more 0.0% 3.9% 7.7%

Household Income in ZIP Code 42721

See the chart below for a comparison of annual household income figures in ZIP Code 42721, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 42721 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 42721

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 42721.

ZIP 42721 Kentucky U.S.
Median Housing Rent $599 $763 $1,062
Renter-Occupied Housing Units 20.0% 32.8% 36.0%
Rental Vacancy Rate 2.2% 5.9% 6.0%
Average Size of Renter-Occupied Unit 2.45 2.36 2.49
Average # of Bedrooms Per Unit 2.87 2.78 2.75
Percent of Income Spent on Rent 28.38% 28.3% 29.83%
Per Capita Income $19,244 $28,178 $34,103
Median Household Income $46,268 $70,144 $88,607
Living Below the Poverty Line 19.7% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 42721

In ZIP Code 42721 (Caneyville, KY), and estimated 20.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.2%.

The per capita income in 42721 is estimated at $19,244, which goes along with an estimated median household income of $46,268. About 19.7% of residents in this Grayson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.45 occupants, while the units have an aggregate average size of 2.87 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.38% of their income on housing rental costs.

Rental FAQs for ZIP Code 42721

1

What is the median monthly rent in ZIP Code 42721?

Median rent for housing in ZIP Code 42721 in Grayson County in Kentucky is approximately $599 per month.
2

Is it expensive to rent in ZIP Code 42721?

Rent in ZIP Code 42721 is lower than average in the state of Kentucky overall. The median monthly rent of $599 in ZIP Code 42721 is approximately 21% lower than the Kentucky median of $763. Additionally, median rent in this Caneyville, KY region ($599) 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 42721?

High-priced rentals are not common in the Caneyville, KY ZIP Code of 42721, 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 42721?

Affordable rentals are more common in ZIP Code 42721 than in Kentucky overall. The percentage of housing rentals in ZIP Code 42721 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 42721 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 42721?

The most common range for rental cost in ZIP Code 42721 is between $500 and $999 per month. About 62.8% of renters in 42721 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 42721 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 42721 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 2.2% in ZIP Code 42721 is about 63% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Caneyville, KY region (2.2%) is an estimated 63% 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 42721? How does it compare to other Kentucky regions?

Median household income in ZIP Code 42721 is lower than in the state of Kentucky overall. Annual household income of $38,220 in ZIP Code 42721 is about 24% lower than the Kentucky median of $50,589. Additionally, median household income in this Caneyville, KY region ($38,220) 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 42721 spend on housing costs?

Renters in ZIP Code 42721 spend a higher amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 42721 spend an estimated 28.38% of their income on rent payments, which is about 0% 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 5% higher than the ZIP Code 42721 estimated rate of 28.38%.
9

Do renters in ZIP Code 42721 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 42721 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 42721 spending 30 percent or more of their income on rent costs (47.5%) is approximately 7% 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 4% higher than the aforementioned 42721 rate of 47.5%.
10

What is the average household size of renter-occupied units in ZIP Code 42721?

The average household size of renter-occupied units in ZIP Code 42721 is higher than in the state of Kentucky overall. Annual household size of 2.45 in ZIP Code 42721 is about 4% higher than the Kentucky median of 2.36. Additionally, median household size in this Caneyville, KY region (2.45) is approximately 2% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes