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Rental Insights for ZIP Code 78932 (Carmine, TX)

Housing Rentals in ZIP Code 78932 (Carmine, TX)

78932 ZIP Code in Texas

A Comprehensive Look at Rentals in the ZIP Code 78932

The 78932 ZIP Code is primarily associated with Carmine, TX in Fayette County. This region of Texas has an estimated median housing rent of $723 per month. About 17.4% of housing units in this Fayette County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 78932 of $723 per month is 31% lower than the aggregate Texas median monthly rent of $1,045, and is 32% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 87.5% of renters in ZIP Code 78932 pay between $500 and $999 per month for housing. That is 121% higher than in Texas overall, in which 39.6% of total state residents pay between $500 and $999 per month for housing. Just 12.5% of renters in ZIP Code 78932 pay less than $500 per month for housing.

ZIP Code 78932 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 78932

See the chart below for a comparison of monthly rental costs in ZIP Code 78932, Texas, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 78932 along with those in the state of Texas and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 78932

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

Cost ZIP 78932 Texas U.S.
Less than $500 12.5% 6.6% 9.4%
$500 to $999 87.5% 39.6% 36.2%
$1,000 to $1,499 0.0% 35.0% 30.0%
$1,500 to $1,999 0.0% 13.3% 14.0%
$2,000 to $2,499 0.0% 3.5% 5.6%
$2,500 to $2,999 0.0% 1.1% 2.4%
$3,000 or more 0.0% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 78932

Renters in ZIP Code 78932 use an estimated 12.19% of their income to cover their monthly rent payments. That is about 58% lower than in Texas overall. The estimate for Texas overall is 29.37% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 78932 renters use about 59% less of their income to cover rent expense. Household income figures for ZIP Code 78932 come in higher than in Texas as a whole. The median annual household income in ZIP Code 78932 of $76,375 sits approximately 23% higher than the overall Texas median income of $61,874 and approximately 22% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 78932

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 78932, Texas, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 78932 along with the same calculations in the state of Texas 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 78932

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

Rent Cost as % of Income ZIP 78932 Texas U.S.
Less than 15.0 percent 87.5% 13.2% 13.1%
15.0 to 19.9 percent 0.0% 13.6% 12.9%
20.0 to 24.9 percent 0.0% 13.6% 12.9%
25.0 to 29.9 percent 12.5% 11.8% 11.6%
30.0 to 34.9 percent 0.0% 9.1% 9.1%
35.0 percent or more 0.0% 38.6% 40.5%

Household Income in ZIP Code 78932

See the table below for the regional comparison of annual household income in ZIP Code 78932.

Income ZIP 78932 Texas U.S.
Less than $10,000 0.5% 6.1% 6.0%
$10,000 to $14,999 1.0% 4.0% 4.3%
$15,000 to $24,999 1.5% 8.9% 8.9%
$25,000 to $34,999 3.1% 9.3% 8.9%
$35,000 to $49,999 22.6% 12.5% 12.3%
$50,000 to $74,999 18.5% 17.6% 17.2%
$75,000 to $99,999 14.4% 12.5% 12.7%
$100,000 to $149,999 26.2% 15.0% 15.1%
$150,000 to $199,999 10.3% 6.7% 6.8%
$200,000 or more 2.1% 7.4% 7.7%

Household Income in ZIP Code 78932

See the chart below for a comparison of annual household income figures in ZIP Code 78932, Texas, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 78932 alongside the same figures for the state of Texas and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 78932

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 78932.

ZIP 78932 Texas U.S.
Median Housing Rent $723 $1,045 $1,062
Renter-Occupied Housing Units 17.4% 38.0% 36.0%
Rental Vacancy Rate 0.0% 7.8% 6.0%
Average Size of Renter-Occupied Unit 2.50 2.63 2.49
Average # of Bedrooms Per Unit 2.69 2.75 2.75
Percent of Income Spent on Rent 12.19% 29.37% 29.83%
Per Capita Income $33,806 $31,277 $34,103
Median Household Income $86,001 $87,260 $88,607
Living Below the Poverty Line 1.1% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 78932

In ZIP Code 78932 (Carmine, TX), and estimated 17.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 78932 is estimated at $33,806, which goes along with an estimated median household income of $86,001. About 1.1% of residents in this Fayette County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.50 occupants, while the units have an aggregate average size of 2.69 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 12.19% of their income on housing rental costs.

Rental FAQs for ZIP Code 78932

1

What is the median monthly rent in ZIP Code 78932?

Median rent for housing in ZIP Code 78932 in Fayette County in Texas is approximately $723 per month.
2

Is it expensive to rent in ZIP Code 78932?

Rent in ZIP Code 78932 is lower than average in the state of Texas overall. The median monthly rent of $723 in ZIP Code 78932 is approximately 31% lower than the Texas median of $1,045. Additionally, median rent in this Carmine, TX region ($723) is about 32% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 78932?

High-priced rentals are not common in the Carmine, TX ZIP Code of 78932, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Texas overall, approximately 0.9% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 78932?

Affordable rentals are more common in ZIP Code 78932 than in Texas overall. The percentage of housing rentals in ZIP Code 78932 costing $999 or less per month (100%) is approximately 116% higher than the Texas rate of 46.2% 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 78932 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 78932?

The most common range for rental cost in ZIP Code 78932 is between $500 and $999 per month. About 87.5% of renters in 78932 pay in this range for monthly rent. In comparison, approximately 39.6% of renters in the state of Texas fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 78932 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 78932 is lower than the rental vacancy rate in the state of Texas overall. Rental vacancy of 0.0% in ZIP Code 78932 is about 100% lower than the Texas rate of 7.8%. Looking more broadly, rental vacancy in this Carmine, TX 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 78932? How does it compare to other Texas regions?

Median household income in ZIP Code 78932 is higher than in the state of Texas overall. Annual household income of $76,375 in ZIP Code 78932 is about 23% higher than the Texas median of $61,874. Additionally, median household income in this Carmine, TX region ($76,375) is approximately 22% 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 78932 spend on housing costs?

Renters in ZIP Code 78932 spend a lower amount of their income on rent costs than do renters in Texas overall. Renters in ZIP Code 78932 spend an estimated 12.19% of their income on rent payments, which is about 58% lower than the overall Texas estimated rate of 29.37%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 59% higher than the ZIP Code 78932 estimated rate of 12.19%.
9

Do renters in ZIP Code 78932 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 78932 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 78932 spending 30 percent or more of their income on rent costs (0%) is approximately 100% lower than the Texas rate of 47.7% 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 100% higher than the aforementioned 78932 rate of 0%.
10

What is the average household size of renter-occupied units in ZIP Code 78932?

The average household size of renter-occupied units in ZIP Code 78932 is lower than in the state of Texas overall. Annual household size of 2.50 in ZIP Code 78932 is about 5% lower than the Texas median of 2.63. Additionally, median household size in this Carmine, TX region (2.50) is approximately 0% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Texas ZIP Codes