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Zero Hedge
ZeroHedge
31 Jan 2025


NextImg:These Are The Most Affordable ZIP Codes For Renters In America

The cost of renting is anything but uniform - shaped by geography, neighborhood trends, and even the quirks of a few city blocks. What’s affordable in one part of town might be out of reach just a short walk away.

This map via Visual Capitalist, created by NeoMam Studios for CashNetUSA, visualizes the most affordable ZIP codes to rent across America.

NeoMam Studios compared the average household incomes and annual rent costs in each ZIP code using U.S. Census data and Zillow’s Observed Rent Index (ZORI). ZIP codes were ranked by affordability, the most affordable being the ZIP codes with the lowest rental costs as a percentage of local incomes.

Figures below 30% of gross income were considered as the standard affordable rent outlay defined by the U.S. Department of Housing and Urban Development.

Below, we show each state’s most affordable ZIP code, the ZIP code’s location, and its average annual rent (from ZORI) as a share of local median household income.

StateZIP CodeLocationAnnual Rent as % of Local Median Household IncomeAvg. Rent Cost (ZORI, $)Median Household Income ($)Kansas66224Leawood10.57%$1,850.00$143,093Michigan48324West Bloomfield11.50%$3,069.76$203,000Texas78248San Antonio12.29%$2,231.67$138,220Pennsylvania15228Pittsburgh12.57%$1,960.28$128,333Iowa50323Urbandale12.77%$1,734.63$145,774South Dakota57005Brandon13.51%$2,648.78$185,093Ohio43035Lewis Center13.71%$2,048.33$132,573Illinois60304Oak Park13.92%$1,259.17$122,986North Dakota58554Mandan14.23%$1,021.94$76,612Indiana46077Zionsville14.28%$1,255.50$131,002Minnesota55906Rochester14.57%$1,561.98$125,060Missouri63141Creve Coeur14.93%$2,104.16$152,326Tennessee38024Dyersburg14.95%$1,475.98$127,195Alabama35213Mountain Brook14.99%$1,570.11$137,408Arkansas72223Little Rock15.19%$1,217.72$116,278Arizona85253Paradise Valley15.27%$969.22$71,601Nebraska68130Omaha15.29%$1,540.35$109,405Louisiana70605Lake Charles15.38%$1,043.45$81,404New York11731East Northport15.51%$2,025.78$138,261Wyoming82716Gillette16.01%$1,816.65$111,410Wisconsin54956Neenah16.24%$2,033.56$159,846Georgia30005Alpharetta16.58%$1,929.44$98,459Kentucky40059Prospect16.72%$2,716.04$170,000North Carolina27613Raleigh16.90%$1,940.98$83,946New Jersey7090Westfield17.17%$1,387.50$55,402Mississippi38801Tupelo17.25%$2,040.67$137,097Oklahoma73142Oklahoma City17.28%$1,750.91$116,756Maryland21043Ellicott City17.58%$1,397.75$112,328West Virginia26062Weirton17.80%$2,563.01$163,333Virginia23113Midlothian17.86%$2,041.67$103,934South Carolina29708Fort Mill18.00%$623.89$50,064California94062Emerald Lake Hills18.15%$916.67$59,482Florida33556Odessa18.33%$1,935.56$124,449Utah84025Farmington18.49%$2,243.88$161,079Montana59501Havre18.49%$1,489.03$116,849Connecticut6410Cheshire18.54%$810.56$56,393Oregon97221Portland18.66%$1,425.00$55,511Colorado80108Castle Pines18.83%$1,170.83$96,403Washington98040Mercer Island19.17%$1,204.58$83,648Massachusetts1720Acton19.37%$2,050.00$117,408Nevada89511Reno19.57%$1,950.00$100,751Idaho83221Blackfoot19.95%$1,234.43$97,530New Mexico87544Los Alamos20.95%$1,662.43$107,901Alaska99517Anchorage22.12%$1,062.50$63,897New Hampshire3045Goffstown23.23%$1,113.33$98,902Delaware19810Wilmington23.52%$1,522.56$172,829Rhode Island2865Lincoln23.57%$791.67$53,360Hawaii96822Honolulu27.75%$1,584.86$85,964Maine4210Auburn30.05%$1,731.25$162,705Vermont5701Rutland30.80%$917.50$77,356

The average rent in Leawood 66224, Kansas, costs 10.57% of the local average income—the most affordable rent level of any U.S. ZIP code.

The 66224 ZIP code is right at the border of Kansas and Missouri, and just a couple of ZIP codes south of Leawood 66211, home to Kansas’ priciest residential real estate.

Midland, Texas, has the highest proportion of affordable housing against local incomes, with 97.5% of rentals available below 30% of the local average income.

Several ZIP codes within major metropolitan areas ranked as the most affordable in their states, including Portland (97221) in Oregon and Pittsburgh (15228) in Pennsylvania.

Over on the West Coast, Los Angeles doesn’t have a single ZIP code where the average home is affordable to rent, according to the 30% rule.

To learn more about housing affordability in the U.S., check out this graphic that visualizes median house prices in the U.S.