05056 renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in 05056 is about $1,077 per month. This puts it in the 63rd percentile compared to the state average cost of rent, which is $1,116. Households in 05056 have a median income of $5,060 per month so the average renter in 05056 is spending roughly 21% of their earnings on housing.
Nationally, and in 05056, home values are the data point most closely correlated with the cost of rent. The median price of a home in 05056 is $326,500 right now, which is higher than nearby zip codes, meaning that rents in 05056 also tend to be higher versus these nearby zip codes.
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