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Rental Insights for ZIP Code 80620 (Evans, CO)

Housing Rentals in ZIP Code 80620 (Evans, CO)

80620 ZIP Code in Colorado

Everything to Know About Rentals in the U.S. ZIP Code 80620

ZIP Code 80620 is primarily associated with Evans, CO in Weld County. The median housing rent in this Colorado region is estimated at $1,231 per month. Approximately 40.1% of housing units in this Weld County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 2.1%.

The median rent in ZIP Code 80620 of $1,231 per month is 3% lower than the aggregate Colorado median monthly rent of $1,271, and is 16% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 41.5% of residents in ZIP Code 80620 pay between $1,000 and $1,499 per month for rent. That is 18% higher than in Colorado overall, in which 35.3% of total state residents pay between $1,000 and $1,499 per month for housing. Just 0.9% of renters in this Evans, CO region pay $3,000 or more for monthly rent.

ZIP Code 80620 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 80620

See the chart below for a comparison of monthly rental costs in ZIP Code 80620, Colorado, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 80620 along with those in the state of Colorado and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 80620

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

Cost ZIP 80620 Colorado U.S.
Less than $500 2.5% 6.3% 9.4%
$500 to $999 29.5% 23.8% 36.2%
$1,000 to $1,499 41.5% 35.3% 30.0%
$1,500 to $1,999 22.0% 22.5% 14.0%
$2,000 to $2,499 3.6% 8.1% 5.6%
$2,500 to $2,999 0.0% 2.5% 2.4%
$3,000 or more 0.9% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 80620

Renters in ZIP Code 80620 use an estimated 29.95% of their income to cover their monthly rent payments. That is about 1% lower than in Colorado overall. The estimate for Colorado overall is 30.4% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 80620 renters use about 0% more of their income to cover rent expense. Household income figures for ZIP Code 80620 come in lower than in Colorado as a whole. The median annual household income in ZIP Code 80620 of $55,254 sits approximately 24% lower than the overall Colorado median income of $72,331 and approximately 12% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 80620

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 80620, Colorado, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 80620 along with the same calculations in the state of Colorado 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 80620

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

Rent Cost as % of Income ZIP 80620 Colorado U.S.
Less than 15.0 percent 13.8% 10.5% 13.1%
15.0 to 19.9 percent 11.2% 12.8% 12.9%
20.0 to 24.9 percent 11.1% 13.6% 12.9%
25.0 to 29.9 percent 14.1% 12.2% 11.6%
30.0 to 34.9 percent 8.9% 9.8% 9.1%
35.0 percent or more 40.8% 41.2% 40.5%

Household Income in ZIP Code 80620

See the table below for the regional comparison of annual household income in ZIP Code 80620.

Income ZIP 80620 Colorado U.S.
Less than $10,000 3.6% 4.8% 6.0%
$10,000 to $14,999 3.1% 3.2% 4.3%
$15,000 to $24,999 11.2% 7.0% 8.9%
$25,000 to $34,999 9.9% 7.6% 8.9%
$35,000 to $49,999 16.9% 11.6% 12.3%
$50,000 to $74,999 20.7% 17.4% 17.2%
$75,000 to $99,999 14.3% 13.8% 12.7%
$100,000 to $149,999 14.2% 17.6% 15.1%
$150,000 to $199,999 3.1% 8.2% 6.8%
$200,000 or more 2.9% 8.8% 7.7%

Household Income in ZIP Code 80620

See the chart below for a comparison of annual household income figures in ZIP Code 80620, Colorado, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 80620 alongside the same figures for the state of Colorado and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 80620

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 80620.

ZIP 80620 Colorado U.S.
Median Housing Rent $1,231 $1,271 $1,062
Renter-Occupied Housing Units 40.1% 34.8% 36.0%
Rental Vacancy Rate 2.1% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.81 2.39 2.49
Average # of Bedrooms Per Unit 3.02 2.89 2.75
Percent of Income Spent on Rent 29.95% 30.4% 29.83%
Per Capita Income $24,368 $38,226 $34,103
Median Household Income $68,742 $96,970 $88,607
Living Below the Poverty Line 10.6% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 80620

In ZIP Code 80620 (Evans, CO), and estimated 40.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.1%.

The per capita income in 80620 is estimated at $24,368, which goes along with an estimated median household income of $68,742. About 10.6% of residents in this Weld County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.81 occupants, while the units have an aggregate average size of 3.02 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.95% of their income on housing rental costs.

Rental FAQs for ZIP Code 80620

1

What is the median monthly rent in ZIP Code 80620?

Median rent for housing in ZIP Code 80620 in Weld County in Colorado is approximately $1,231 per month.
2

Is it expensive to rent in ZIP Code 80620?

Rent in ZIP Code 80620 is lower than average in the state of Colorado overall. The median monthly rent of $1,231 in ZIP Code 80620 is approximately 3% lower than the Colorado median of $1,271. Additionally, median rent in this Evans, CO region ($1,231) is about 16% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 80620?

High-priced rentals are less common in ZIP Code 80620 than in Colorado overall. The percentage of rentals in ZIP Code 80620 that cost $3,000 or more per month (0.9%) is about 40% lower than the Colorado rate of 1.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 63% higher than the aforementioned 80620 rate of 0.9%.
4

Are affordable rentals common in ZIP Code 80620?

Affordable rentals are more common in ZIP Code 80620 than in Colorado overall. The percentage of housing rentals in ZIP Code 80620 costing $999 or less per month (32%) is approximately 6% higher than the Colorado rate of 30.1% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 30% higher than the previously mentioned 80620 rate of 32%.
5

What is the most common cost range that rentals fall into in ZIP Code 80620?

The most common range for rental cost in ZIP Code 80620 is between $1,000 and $1,499 per month. About 41.5% of renters in 80620 pay in this range for monthly rent. In comparison, approximately 35.3% of renters in the state of Colorado fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 80620 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 80620 is lower than the rental vacancy rate in the state of Colorado overall. Rental vacancy of 2.1% in ZIP Code 80620 is about 56% lower than the Colorado rate of 4.8%. Looking more broadly, rental vacancy in this Evans, CO region (2.1%) is an estimated 65% 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 80620? How does it compare to other Colorado regions?

Median household income in ZIP Code 80620 is lower than in the state of Colorado overall. Annual household income of $55,254 in ZIP Code 80620 is about 24% lower than the Colorado median of $72,331. Additionally, median household income in this Evans, CO region ($55,254) is approximately 12% 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 80620 spend on housing costs?

Renters in ZIP Code 80620 spend a lower amount of their income on rent costs than do renters in Colorado overall. Renters in ZIP Code 80620 spend an estimated 29.95% of their income on rent payments, which is about 1% lower than the overall Colorado estimated rate of 30.4%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 0% lower than the ZIP Code 80620 estimated rate of 29.95%.
9

Do renters in ZIP Code 80620 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 80620 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 80620 spending 30 percent or more of their income on rent costs (49.7%) is approximately 3% lower than the Colorado rate of 51% 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 0% lower than the aforementioned 80620 rate of 49.7%.
10

What is the average household size of renter-occupied units in ZIP Code 80620?

The average household size of renter-occupied units in ZIP Code 80620 is higher than in the state of Colorado overall. Annual household size of 2.81 in ZIP Code 80620 is about 18% higher than the Colorado median of 2.39. Additionally, median household size in this Evans, CO region (2.81) is approximately 13% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Colorado ZIP Codes