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Rental Insights for ZIP Code 80816 (Florissant, CO)

Housing Rentals in ZIP Code 80816 (Florissant, CO)

80816 ZIP Code in Colorado

Everything to Know About Rentals in the U.S. ZIP Code 80816

ZIP Code 80816 is primarily associated with Florissant, CO in Teller County. The median housing rent in this Colorado region is estimated at $1,161 per month. About 9.9% of all housing units in this Teller County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 17.1%.

The median rent in ZIP Code 80816 of $1,161 per month is 9% lower than the aggregate Colorado median monthly rent of $1,271, and is 9% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 47.9% of renters in ZIP Code 80816 pay between $1,000 and $1,499 per month for housing. That is 36% higher than in Colorado overall, in which 35.3% of total state residents pay between $1,000 and $1,499 per month for housing. Only 26.0% of renters in this Florissant, CO region pay between $2,000 and $2,499 per month for rent.

ZIP Code 80816 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 80816

See the chart below for a comparison of monthly rental costs in ZIP Code 80816, Colorado, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 80816 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 80816

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

Cost ZIP 80816 Colorado U.S.
Less than $500 0.0% 6.3% 9.4%
$500 to $999 26.0% 23.8% 36.2%
$1,000 to $1,499 47.9% 35.3% 30.0%
$1,500 to $1,999 0.0% 22.5% 14.0%
$2,000 to $2,499 26.0% 8.1% 5.6%
$2,500 to $2,999 0.0% 2.5% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 80816

Renters in ZIP Code 80816 use an estimated 30.19% 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 80816 renters use about 1% more of their income to cover rent expense. Household income figures for ZIP Code 80816 come in lower than in Colorado as a whole. The median annual household income in ZIP Code 80816 of $63,911 sits approximately 12% lower than the overall Colorado median income of $72,331 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 80816

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 80816, 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 80816 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 80816

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

Rent Cost as % of Income ZIP 80816 Colorado U.S.
Less than 15.0 percent 0.0% 10.5% 13.1%
15.0 to 19.9 percent 28.8% 12.8% 12.9%
20.0 to 24.9 percent 6.5% 13.6% 12.9%
25.0 to 29.9 percent 25.1% 12.2% 11.6%
30.0 to 34.9 percent 0.0% 9.8% 9.1%
35.0 percent or more 39.5% 41.2% 40.5%

Household Income in ZIP Code 80816

See the table below for the regional comparison of annual household income in ZIP Code 80816.

Income ZIP 80816 Colorado U.S.
Less than $10,000 4.2% 4.8% 6.0%
$10,000 to $14,999 2.0% 3.2% 4.3%
$15,000 to $24,999 11.4% 7.0% 8.9%
$25,000 to $34,999 8.4% 7.6% 8.9%
$35,000 to $49,999 10.8% 11.6% 12.3%
$50,000 to $74,999 19.6% 17.4% 17.2%
$75,000 to $99,999 13.9% 13.8% 12.7%
$100,000 to $149,999 20.4% 17.6% 15.1%
$150,000 to $199,999 4.0% 8.2% 6.8%
$200,000 or more 5.3% 8.8% 7.7%

Household Income in ZIP Code 80816

See the chart below for a comparison of annual household income figures in ZIP Code 80816, Colorado, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 80816 alongside the same figures for the state of Colorado and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 80816

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 80816.

ZIP 80816 Colorado U.S.
Median Housing Rent $1,161 $1,271 $1,062
Renter-Occupied Housing Units 9.9% 34.8% 36.0%
Rental Vacancy Rate 17.1% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.75 2.39 2.49
Average # of Bedrooms Per Unit 2.84 2.89 2.75
Percent of Income Spent on Rent 30.19% 30.4% 29.83%
Per Capita Income $34,572 $38,226 $34,103
Median Household Income $82,244 $96,970 $88,607
Living Below the Poverty Line 6.8% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 80816

In ZIP Code 80816 (Florissant, CO), and estimated 9.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 17.1%.

The per capita income in 80816 is estimated at $34,572, which goes along with an estimated median household income of $82,244. About 6.8% of residents in this Teller 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 2.84 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.19% of their income on housing rental costs.

Rental FAQs for ZIP Code 80816

1

What is the median monthly rent in ZIP Code 80816?

Median rent for housing in ZIP Code 80816 in Teller County in Colorado is approximately $1,161 per month.
2

Is it expensive to rent in ZIP Code 80816?

Rent in ZIP Code 80816 is lower than average in the state of Colorado overall. The median monthly rent of $1,161 in ZIP Code 80816 is approximately 9% lower than the Colorado median of $1,271. Additionally, median rent in this Florissant, CO region ($1,161) is about 9% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 80816?

High-priced rentals are not common in the Florissant, CO ZIP Code of 80816, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Colorado overall, approximately 1.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 80816?

Affordable rentals are less common in ZIP Code 80816 than in Colorado overall. The percentage of housing rentals in ZIP Code 80816 costing $999 or less per month (26%) is approximately 14% lower 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 43% higher than the previously mentioned 80816 rate of 26%.
5

What is the most common cost range that rentals fall into in ZIP Code 80816?

The most common range for rental cost in ZIP Code 80816 is between $1,000 and $1,499 per month. About 47.9% of renters in 80816 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 80816 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 80816 is higher than the rental vacancy rate in the state of Colorado overall. Rental vacancy of 17.1% in ZIP Code 80816 is about 256% higher than the Colorado rate of 4.8%. Looking more broadly, rental vacancy in this Florissant, CO region (17.1%) is an estimated 185% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 80816? How does it compare to other Colorado regions?

Median household income in ZIP Code 80816 is lower than in the state of Colorado overall. Annual household income of $63,911 in ZIP Code 80816 is about 12% lower than the Colorado median of $72,331. Additionally, median household income in this Florissant, CO region ($63,911) 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 80816 spend on housing costs?

Renters in ZIP Code 80816 spend a lower amount of their income on rent costs than do renters in Colorado overall. Renters in ZIP Code 80816 spend an estimated 30.19% 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 1% lower than the ZIP Code 80816 estimated rate of 30.19%.
9

Do renters in ZIP Code 80816 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 80816 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 80816 spending 30 percent or more of their income on rent costs (39.5%) is approximately 23% 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 20% higher than the aforementioned 80816 rate of 39.5%.
10

What is the average household size of renter-occupied units in ZIP Code 80816?

The average household size of renter-occupied units in ZIP Code 80816 is higher than in the state of Colorado overall. Annual household size of 2.75 in ZIP Code 80816 is about 15% higher than the Colorado median of 2.39. Additionally, median household size in this Florissant, CO 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 Colorado ZIP Codes