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Rental Insights for ZIP Code 81041 (Granada, CO)

Housing Rentals in ZIP Code 81041 (Granada, CO)

81041 ZIP Code in Colorado

Everything to Know About Rentals in the U.S. ZIP Code 81041

ZIP Code 81041 is primarily associated with Granada, CO in Prowers County. The median housing rent payment in this Colorado region is $449 per month. About 32.1% of housing units in this Prowers County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 17.3%.

The median rent in ZIP Code 81041 of $449 per month is 65% lower than the aggregate Colorado median monthly rent of $1,271, and is 58% lower than the $1,062 the median monthly rent in the U.S. overall. About 50.5% of residents in ZIP Code 81041 pay less than $500 per month for rent. That is 702% higher than in Colorado overall, in which 6.3% of total state residents pay less than $500 per month for housing. Just 49.5% of renters in this Granada, CO region pay between $500 and $999 per month for rent.

ZIP Code 81041 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 81041

See the chart below for a comparison of monthly rental costs in ZIP Code 81041, Colorado, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 81041 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 81041

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

Cost ZIP 81041 Colorado U.S.
Less than $500 50.5% 6.3% 9.4%
$500 to $999 49.5% 23.8% 36.2%
$1,000 to $1,499 0.0% 35.3% 30.0%
$1,500 to $1,999 0.0% 22.5% 14.0%
$2,000 to $2,499 0.0% 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 81041

Renters in ZIP Code 81041 use an estimated 25.23% of their income to cover their monthly rent payments. That is about 17% 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 81041 renters use about 15% less of their income to cover rent expense. Household income figures for ZIP Code 81041 come in lower than in Colorado as a whole. The median annual household income in ZIP Code 81041 of $37,500 sits approximately 48% lower than the overall Colorado median income of $72,331 and approximately 40% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 81041

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 81041, 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 81041 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 81041

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

Rent Cost as % of Income ZIP 81041 Colorado U.S.
Less than 15.0 percent 33.3% 10.5% 13.1%
15.0 to 19.9 percent 8.6% 12.8% 12.9%
20.0 to 24.9 percent 8.6% 13.6% 12.9%
25.0 to 29.9 percent 17.2% 12.2% 11.6%
30.0 to 34.9 percent 0.0% 9.8% 9.1%
35.0 percent or more 32.3% 41.2% 40.5%

Household Income in ZIP Code 81041

See the table below for the regional comparison of annual household income in ZIP Code 81041.

Income ZIP 81041 Colorado U.S.
Less than $10,000 23.1% 4.8% 6.0%
$10,000 to $14,999 0.9% 3.2% 4.3%
$15,000 to $24,999 11.1% 7.0% 8.9%
$25,000 to $34,999 12.7% 7.6% 8.9%
$35,000 to $49,999 10.5% 11.6% 12.3%
$50,000 to $74,999 16.7% 17.4% 17.2%
$75,000 to $99,999 8.6% 13.8% 12.7%
$100,000 to $149,999 10.8% 17.6% 15.1%
$150,000 to $199,999 0.0% 8.2% 6.8%
$200,000 or more 5.6% 8.8% 7.7%

Household Income in ZIP Code 81041

See the chart below for a comparison of annual household income figures in ZIP Code 81041, Colorado, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 81041 alongside the same figures for the state of Colorado and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 81041

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 81041.

ZIP 81041 Colorado U.S.
Median Housing Rent $449 $1,271 $1,062
Renter-Occupied Housing Units 32.1% 34.8% 36.0%
Rental Vacancy Rate 17.3% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.42 2.39 2.49
Average # of Bedrooms Per Unit 3.06 2.89 2.75
Percent of Income Spent on Rent 25.23% 30.4% 29.83%
Per Capita Income $28,270 $38,226 $34,103
Median Household Income $64,860 $96,970 $88,607
Living Below the Poverty Line 17.0% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 81041

In ZIP Code 81041 (Granada, CO), and estimated 32.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 17.3%.

The per capita income in 81041 is estimated at $28,270, which goes along with an estimated median household income of $64,860. About 17.0% of residents in this Prowers County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.42 occupants, while the units have an aggregate average size of 3.06 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.23% of their income on housing rental costs.

Rental FAQs for ZIP Code 81041

1

What is the median monthly rent in ZIP Code 81041?

Median rent for housing in ZIP Code 81041 in Prowers County in Colorado is approximately $449 per month.
2

Is it expensive to rent in ZIP Code 81041?

Rent in ZIP Code 81041 is lower than average in the state of Colorado overall. The median monthly rent of $449 in ZIP Code 81041 is approximately 65% lower than the Colorado median of $1,271. Additionally, median rent in this Granada, CO region ($449) is about 58% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 81041?

High-priced rentals are not common in the Granada, CO ZIP Code of 81041, 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 81041?

Affordable rentals are more common in ZIP Code 81041 than in Colorado overall. The percentage of housing rentals in ZIP Code 81041 costing $999 or less per month (100%) is approximately 232% 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 119% lower than the previously mentioned 81041 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 81041?

The most common range for rental cost in ZIP Code 81041 is less than $500 per month. About 50.5% of renters in 81041 pay in this range for monthly rent. In comparison, approximately 6.3% of renters in the state of Colorado fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 81041 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 81041 is higher than the rental vacancy rate in the state of Colorado overall. Rental vacancy of 17.3% in ZIP Code 81041 is about 260% higher than the Colorado rate of 4.8%. Looking more broadly, rental vacancy in this Granada, CO region (17.3%) is an estimated 188% 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 81041? How does it compare to other Colorado regions?

Median household income in ZIP Code 81041 is lower than in the state of Colorado overall. Annual household income of $37,500 in ZIP Code 81041 is about 48% lower than the Colorado median of $72,331. Additionally, median household income in this Granada, CO region ($37,500) is approximately 40% 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 81041 spend on housing costs?

Renters in ZIP Code 81041 spend a lower amount of their income on rent costs than do renters in Colorado overall. Renters in ZIP Code 81041 spend an estimated 25.23% of their income on rent payments, which is about 17% 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 15% higher than the ZIP Code 81041 estimated rate of 25.23%.
9

Do renters in ZIP Code 81041 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 81041 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 81041 spending 30 percent or more of their income on rent costs (32.3%) is approximately 37% 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 35% higher than the aforementioned 81041 rate of 32.3%.
10

What is the average household size of renter-occupied units in ZIP Code 81041?

The average household size of renter-occupied units in ZIP Code 81041 is higher than in the state of Colorado overall. Annual household size of 2.42 in ZIP Code 81041 is about 1% higher than the Colorado median of 2.39. Additionally, median household size in this Granada, CO region (2.42) is approximately 3% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Colorado ZIP Codes