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Rental Insights for ZIP Code 81201 (Salida, CO)

Housing Rentals in ZIP Code 81201 (Salida, CO)

81201 ZIP Code in Colorado

Everything to Know About Rentals in the U.S. ZIP Code 81201

ZIP Code 81201 is primarily associated with Salida, CO in Chaffee County. The median housing rent payment in this Colorado region is $986 per month. About 21.3% of housing units in this Chaffee County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 9.1%.

The median rent in ZIP Code 81201 of $986 per month is 22% lower than the aggregate Colorado median monthly rent of $1,271, and is 7% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 41.0% of residents in ZIP Code 81201 pay between $500 and $999 per month for rent. That is 72% higher than in Colorado overall, in which 23.8% of total state residents pay between $500 and $999 per month for housing. Just 1.0% of renters in this Salida, CO region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 81201 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 81201

See the chart below for a comparison of monthly rental costs in ZIP Code 81201, Colorado, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 81201 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 81201

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

Cost ZIP 81201 Colorado U.S.
Less than $500 11.0% 6.3% 9.4%
$500 to $999 41.0% 23.8% 36.2%
$1,000 to $1,499 36.6% 35.3% 30.0%
$1,500 to $1,999 8.9% 22.5% 14.0%
$2,000 to $2,499 1.0% 8.1% 5.6%
$2,500 to $2,999 1.5% 2.5% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 81201

Renters in ZIP Code 81201 use an estimated 31.07% of their income to cover their monthly rent payments. That is about 2% higher 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 81201 renters use about 4% more of their income to cover rent expense. Household income figures for ZIP Code 81201 come in lower than in Colorado as a whole. The median annual household income in ZIP Code 81201 of $57,882 sits approximately 20% lower than the overall Colorado median income of $72,331 and approximately 8% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 81201

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 81201, 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 81201 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 81201

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

Rent Cost as % of Income ZIP 81201 Colorado U.S.
Less than 15.0 percent 12.9% 10.5% 13.1%
15.0 to 19.9 percent 7.2% 12.8% 12.9%
20.0 to 24.9 percent 12.3% 13.6% 12.9%
25.0 to 29.9 percent 15.0% 12.2% 11.6%
30.0 to 34.9 percent 6.9% 9.8% 9.1%
35.0 percent or more 45.6% 41.2% 40.5%

Household Income in ZIP Code 81201

See the table below for the regional comparison of annual household income in ZIP Code 81201.

Income ZIP 81201 Colorado U.S.
Less than $10,000 6.5% 4.8% 6.0%
$10,000 to $14,999 5.0% 3.2% 4.3%
$15,000 to $24,999 11.6% 7.0% 8.9%
$25,000 to $34,999 10.2% 7.6% 8.9%
$35,000 to $49,999 9.4% 11.6% 12.3%
$50,000 to $74,999 17.7% 17.4% 17.2%
$75,000 to $99,999 11.6% 13.8% 12.7%
$100,000 to $149,999 17.2% 17.6% 15.1%
$150,000 to $199,999 7.5% 8.2% 6.8%
$200,000 or more 3.3% 8.8% 7.7%

Household Income in ZIP Code 81201

See the chart below for a comparison of annual household income figures in ZIP Code 81201, Colorado, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 81201 alongside the same figures for the state of Colorado and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 81201

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 81201.

ZIP 81201 Colorado U.S.
Median Housing Rent $986 $1,271 $1,062
Renter-Occupied Housing Units 21.3% 34.8% 36.0%
Rental Vacancy Rate 9.1% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.06 2.39 2.49
Average # of Bedrooms Per Unit 2.58 2.89 2.75
Percent of Income Spent on Rent 31.07% 30.4% 29.83%
Per Capita Income $32,649 $38,226 $34,103
Median Household Income $73,569 $96,970 $88,607
Living Below the Poverty Line 8.6% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 81201

In ZIP Code 81201 (Salida, CO), and estimated 21.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.1%.

The per capita income in 81201 is estimated at $32,649, which goes along with an estimated median household income of $73,569. About 8.6% of residents in this Chaffee County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.06 occupants, while the units have an aggregate average size of 2.58 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.07% of their income on housing rental costs.

Rental FAQs for ZIP Code 81201

1

What is the median monthly rent in ZIP Code 81201?

Median rent for housing in ZIP Code 81201 in Chaffee County in Colorado is approximately $986 per month.
2

Is it expensive to rent in ZIP Code 81201?

Rent in ZIP Code 81201 is lower than average in the state of Colorado overall. The median monthly rent of $986 in ZIP Code 81201 is approximately 22% lower than the Colorado median of $1,271. Additionally, median rent in this Salida, CO region ($986) is about 7% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 81201?

High-priced rentals are not common in the Salida, CO ZIP Code of 81201, 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 81201?

Affordable rentals are more common in ZIP Code 81201 than in Colorado overall. The percentage of housing rentals in ZIP Code 81201 costing $999 or less per month (52%) is approximately 73% 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 14% lower than the previously mentioned 81201 rate of 52%.
5

What is the most common cost range that rentals fall into in ZIP Code 81201?

The most common range for rental cost in ZIP Code 81201 is between $500 and $999 per month. About 41.0% of renters in 81201 pay in this range for monthly rent. In comparison, approximately 23.8% of renters in the state of Colorado fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 81201 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 81201 is higher than the rental vacancy rate in the state of Colorado overall. Rental vacancy of 9.1% in ZIP Code 81201 is about 90% higher than the Colorado rate of 4.8%. Looking more broadly, rental vacancy in this Salida, CO region (9.1%) is an estimated 52% 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 81201? How does it compare to other Colorado regions?

Median household income in ZIP Code 81201 is lower than in the state of Colorado overall. Annual household income of $57,882 in ZIP Code 81201 is about 20% lower than the Colorado median of $72,331. Additionally, median household income in this Salida, CO region ($57,882) is approximately 8% 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 81201 spend on housing costs?

Renters in ZIP Code 81201 spend a higher amount of their income on rent costs than do renters in Colorado overall. Renters in ZIP Code 81201 spend an estimated 31.07% of their income on rent payments, which is about 2% higher 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 4% lower than the ZIP Code 81201 estimated rate of 31.07%.
9

Do renters in ZIP Code 81201 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 81201 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 81201 spending 30 percent or more of their income on rent costs (52.5%) is approximately 3% higher 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 6% lower than the aforementioned 81201 rate of 52.5%.
10

What is the average household size of renter-occupied units in ZIP Code 81201?

The average household size of renter-occupied units in ZIP Code 81201 is lower than in the state of Colorado overall. Annual household size of 2.06 in ZIP Code 81201 is about 14% lower than the Colorado median of 2.39. Additionally, median household size in this Salida, CO region (2.06) is approximately 17% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Colorado ZIP Codes