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

By Maria Kingston.
Updated Nov 18, 2021

PORTLAND, Ore. (PRWEB) November 18, 2021 - 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.

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 Austins 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 states 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.