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Rental Insights for ZIP Code 81073 (Springfield, CO)

Housing Rentals in ZIP Code 81073 (Springfield, CO)

81073 ZIP Code in Colorado

Everything to Know About Rentals in the U.S. ZIP Code 81073

ZIP Code 81073 is primarily associated with Springfield, CO in Baca County. The median housing rent payment in this Colorado region is $446 per month. About 29.9% of housing units in this Baca County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 12.6%.

The median rent in ZIP Code 81073 of $446 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. An estimated 53.2% of residents in ZIP Code 81073 have a monthly rent payment less than $500. That is 744% higher than in Colorado overall, in which 6.3% of total state residents pay less than $500 per month for housing. Just 6.0% of renters in this Springfield, CO region pay between $1,000 and $1,499 per month for rent.

ZIP Code 81073 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 81073

See the chart below for a comparison of monthly rental costs in ZIP Code 81073, Colorado, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 81073 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 81073

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

Cost ZIP 81073 Colorado U.S.
Less than $500 53.2% 6.3% 9.4%
$500 to $999 40.9% 23.8% 36.2%
$1,000 to $1,499 6.0% 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 81073

Renters in ZIP Code 81073 use an estimated 25.77% of their income to cover their monthly rent payments. That is about 15% 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 81073 renters use about 14% less of their income to cover rent expense. Household income figures for ZIP Code 81073 come in lower than in Colorado as a whole. The median annual household income in ZIP Code 81073 of $34,083 sits approximately 53% lower than the overall Colorado median income of $72,331 and approximately 46% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 81073

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 81073, 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 81073 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 81073

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

Rent Cost as % of Income ZIP 81073 Colorado U.S.
Less than 15.0 percent 28.9% 10.5% 13.1%
15.0 to 19.9 percent 4.4% 12.8% 12.9%
20.0 to 24.9 percent 11.8% 13.6% 12.9%
25.0 to 29.9 percent 22.4% 12.2% 11.6%
30.0 to 34.9 percent 4.8% 9.8% 9.1%
35.0 percent or more 27.6% 41.2% 40.5%

Household Income in ZIP Code 81073

See the table below for the regional comparison of annual household income in ZIP Code 81073.

Income ZIP 81073 Colorado U.S.
Less than $10,000 12.5% 4.8% 6.0%
$10,000 to $14,999 9.9% 3.2% 4.3%
$15,000 to $24,999 14.4% 7.0% 8.9%
$25,000 to $34,999 15.9% 7.6% 8.9%
$35,000 to $49,999 12.9% 11.6% 12.3%
$50,000 to $74,999 10.0% 17.4% 17.2%
$75,000 to $99,999 12.2% 13.8% 12.7%
$100,000 to $149,999 7.3% 17.6% 15.1%
$150,000 to $199,999 3.4% 8.2% 6.8%
$200,000 or more 1.5% 8.8% 7.7%

Household Income in ZIP Code 81073

See the chart below for a comparison of annual household income figures in ZIP Code 81073, Colorado, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 81073 alongside the same figures for the state of Colorado and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 81073

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 81073.

ZIP 81073 Colorado U.S.
Median Housing Rent $446 $1,271 $1,062
Renter-Occupied Housing Units 29.9% 34.8% 36.0%
Rental Vacancy Rate 12.6% 4.8% 6.0%
Average Size of Renter-Occupied Unit 1.96 2.39 2.49
Average # of Bedrooms Per Unit 2.72 2.89 2.75
Percent of Income Spent on Rent 25.77% 30.4% 29.83%
Per Capita Income $24,623 $38,226 $34,103
Median Household Income $51,119 $96,970 $88,607
Living Below the Poverty Line 22.4% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 81073

In ZIP Code 81073 (Springfield, CO), and estimated 29.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 12.6%.

The per capita income in 81073 is estimated at $24,623, which goes along with an estimated median household income of $51,119. About 22.4% of residents in this Baca County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.96 occupants, while the units have an aggregate average size of 2.72 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.77% of their income on housing rental costs.

Rental FAQs for ZIP Code 81073

1

What is the median monthly rent in ZIP Code 81073?

Median rent for housing in ZIP Code 81073 in Baca County in Colorado is approximately $446 per month.
2

Is it expensive to rent in ZIP Code 81073?

Rent in ZIP Code 81073 is lower than average in the state of Colorado overall. The median monthly rent of $446 in ZIP Code 81073 is approximately 65% lower than the Colorado median of $1,271. Additionally, median rent in this Springfield, CO region ($446) 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 81073?

High-priced rentals are not common in the Springfield, CO ZIP Code of 81073, 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 81073?

Affordable rentals are more common in ZIP Code 81073 than in Colorado overall. The percentage of housing rentals in ZIP Code 81073 costing $999 or less per month (94.1%) is approximately 213% 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 106% lower than the previously mentioned 81073 rate of 94.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 81073?

The most common range for rental cost in ZIP Code 81073 is less than $500 per month. About 53.2% of renters in 81073 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 81073 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 81073 is higher than the rental vacancy rate in the state of Colorado overall. Rental vacancy of 12.6% in ZIP Code 81073 is about 163% higher than the Colorado rate of 4.8%. Looking more broadly, rental vacancy in this Springfield, CO region (12.6%) is an estimated 110% 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 81073? How does it compare to other Colorado regions?

Median household income in ZIP Code 81073 is lower than in the state of Colorado overall. Annual household income of $34,083 in ZIP Code 81073 is about 53% lower than the Colorado median of $72,331. Additionally, median household income in this Springfield, CO region ($34,083) is approximately 46% 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 81073 spend on housing costs?

Renters in ZIP Code 81073 spend a lower amount of their income on rent costs than do renters in Colorado overall. Renters in ZIP Code 81073 spend an estimated 25.77% of their income on rent payments, which is about 15% 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 14% higher than the ZIP Code 81073 estimated rate of 25.77%.
9

Do renters in ZIP Code 81073 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 81073 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 81073 spending 30 percent or more of their income on rent costs (32.4%) is approximately 36% 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 81073 rate of 32.4%.
10

What is the average household size of renter-occupied units in ZIP Code 81073?

The average household size of renter-occupied units in ZIP Code 81073 is lower than in the state of Colorado overall. Annual household size of 1.96 in ZIP Code 81073 is about 18% lower than the Colorado median of 2.39. Additionally, median household size in this Springfield, CO region (1.96) is approximately 21% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Colorado ZIP Codes