BestPlaces.net Study Reveals United States' Most Rent-Burdened Zip Codes

According to the Department of Housing and Urban Development, renters paying over 30% of their income on housing are cost-burdened, while renters paying over 50% of their income on housing are extremely cost-burdened.

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BestPlaces.net

Nov 18, 2021, 16:30 ET


PORTLAND, Ore., Nov. 18, 2021 /PRNewswire-PRWeb/ -- Most Rent-Burdened Zip Codes

BestPlaces.net has released its list of most rent-burdened zip codes for 2021. According to the Department of Housing and Urban Development, renters paying over 30% of their income on housing are cost-burdened, while renters paying over 50% of their income on housing are extremely cost-burdened.

  • #1 - Zip Code 78705 - Austin, Texas
  • #2 - Zip Code 07734 - Keansburg, New Jersey
  • #3 - Zip Code 60464 - Palos Park, Illinois
  • #4 - Zip Code 93405 - San Luis Obispo, CA
  • #5 - Zip Code 20607 - Accokeek, Maryland
  • #6 - Zip Code 79401 - Lubbock, Texas
  • #7 - Zip Code 06268 - Storrs, Connecticut
  • #8 - Zip Code 86011 - Flagstaff, Arizona
  • #9 - Zip Code 92617 - Irvine, California
  • #10 - Zip Code 15213 - Pittsburgh, Pennsylvania

At the top of the list is zip code 78705 in Austin, Texas where renters spend 98% of their income on rent. Zip codes in Texas, New Jersey, Illinois, California, and Maryland are also included in the list of most rent-burdened U.S. zip codes.

Zip code 78705 is oriented around The University of Texas at Austin's Main Campus. Roughly 90% of the population are renting and 77% of residents are between the ages of 15 and 24 years old. Because of its proximity to the state's largest university of over fifty thousand enrollees, this zip code is a popular location for student housing.

Students, especially those taking classes full time, typically use parental support, loans, or savings to pay rent, instead of income. 60% of the zip codes in the BestPlaces study either neighbor a college campus or are on a college campus.

The full list of 10 zip codes with infographics and analysis is available here.

BestPlaces.net is the leading online resource for place and demographic data, with over 3 million visitors a month. The study was produced in collaboration with data journalist Amye Cutlip.

Media Contact

Bertrand Sperling, BestPlaces.net, 3236836044, [email protected]

Amye Cutlip, 3236836044, [email protected]

SOURCE BestPlaces.net