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Rental Insights for ZIP Code 27565 (Oxford, NC)

Housing Rentals in ZIP Code 27565 (Oxford, NC)

27565 ZIP Code in North Carolina

A Detailed Snapshot of Renters in the ZIP Code 27565

The 27565 ZIP Code is predominantly located in Oxford, NC in Granville County. The estimated median housing rent in this region of North Carolina is $742 per month. About 32.9% of total housing units in this Granville County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 2.8%.

The median rent in ZIP Code 27565 of $742 per month is 18% lower than the aggregate North Carolina median monthly rent of $907, and is 30% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 59.5% of residents in ZIP Code 27565 have a monthly rent payment between $500 and $999. That is 21% higher than in North Carolina overall, in which 49.3% of total state residents pay between $500 and $999 per month for housing. Just 0.3% of ZIP Code 27565 renters pay between $2,500 and $2,999 for monthly rent.

ZIP Code 27565 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 27565

See the chart below for a comparison of monthly rental costs in ZIP Code 27565, North Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 27565 along with those in the state of North Carolina and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 27565

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

Cost ZIP 27565 North Carolina U.S.
Less than $500 18.8% 10.4% 9.4%
$500 to $999 59.5% 49.3% 36.2%
$1,000 to $1,499 18.9% 29.9% 30.0%
$1,500 to $1,999 2.4% 7.6% 14.0%
$2,000 to $2,499 0.0% 1.8% 5.6%
$2,500 to $2,999 0.3% 0.5% 2.4%
$3,000 or more 0.0% 0.5% 2.4%

Rent Cost vs. Income in ZIP Code 27565

Renters in ZIP Code 27565 use an estimated 29.17% of their income to cover their monthly rent payments. That is about 0% lower than in North Carolina overall. The estimate for North Carolina overall is 29.19% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 27565 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 27565 come in lower than in North Carolina as a whole. The median annual household income in ZIP Code 27565 of $47,295 sits approximately 13% lower than the overall North Carolina median income of $54,602 and approximately 25% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 27565

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 27565, North Carolina, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 27565 along with the same calculations in the state of North Carolina 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 27565

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

Rent Cost as % of Income ZIP 27565 North Carolina U.S.
Less than 15.0 percent 13.5% 14.1% 13.1%
15.0 to 19.9 percent 16.5% 13.6% 12.9%
20.0 to 24.9 percent 6.9% 13.2% 12.9%
25.0 to 29.9 percent 16.3% 11.6% 11.6%
30.0 to 34.9 percent 9.9% 9.1% 9.1%
35.0 percent or more 36.9% 38.3% 40.5%

Household Income in ZIP Code 27565

See the table below for the regional comparison of annual household income in ZIP Code 27565.

Income ZIP 27565 North Carolina U.S.
Less than $10,000 7.9% 6.4% 6.0%
$10,000 to $14,999 6.4% 5.0% 4.3%
$15,000 to $24,999 13.1% 10.3% 8.9%
$25,000 to $34,999 11.1% 10.3% 8.9%
$35,000 to $49,999 14.0% 13.9% 12.3%
$50,000 to $74,999 17.4% 18.0% 17.2%
$75,000 to $99,999 13.7% 12.4% 12.7%
$100,000 to $149,999 10.7% 13.1% 15.1%
$150,000 to $199,999 2.4% 5.1% 6.8%
$200,000 or more 3.3% 5.4% 7.7%

Household Income in ZIP Code 27565

See the chart below for a comparison of annual household income figures in ZIP Code 27565, North Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 27565 alongside the same figures for the state of North Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 27565

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 27565.

ZIP 27565 North Carolina U.S.
Median Housing Rent $742 $907 $1,062
Renter-Occupied Housing Units 32.9% 34.8% 36.0%
Rental Vacancy Rate 2.8% 6.8% 6.0%
Average Size of Renter-Occupied Unit 2.43 2.43 2.49
Average # of Bedrooms Per Unit 2.9 2.84 2.75
Percent of Income Spent on Rent 29.17% 29.19% 29.83%
Per Capita Income $25,628 $30,783 $34,103
Median Household Income $62,873 $76,940 $88,607
Living Below the Poverty Line 15.1% 10.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 27565

In ZIP Code 27565 (Oxford, NC), and estimated 32.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.8%.

The per capita income in 27565 is estimated at $25,628, which goes along with an estimated median household income of $62,873. About 15.1% of residents in this Granville County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.43 occupants, while the units have an aggregate average size of 2.9 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.17% of their income on housing rental costs.

Rental FAQs for ZIP Code 27565

1

What is the median monthly rent in ZIP Code 27565?

Median rent for housing in ZIP Code 27565 in Granville County in North Carolina is approximately $742 per month.
2

Is it expensive to rent in ZIP Code 27565?

Rent in ZIP Code 27565 is lower than average in the state of North Carolina overall. The median monthly rent of $742 in ZIP Code 27565 is approximately 18% lower than the North Carolina median of $907. Additionally, median rent in this Oxford, NC region ($742) is about 30% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 27565?

High-priced rentals are not common in the Oxford, NC ZIP Code of 27565, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of North Carolina overall, approximately 0.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 27565?

Affordable rentals are more common in ZIP Code 27565 than in North Carolina overall. The percentage of housing rentals in ZIP Code 27565 costing $999 or less per month (78.3%) is approximately 31% higher than the North Carolina rate of 59.7% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 72% lower than the previously mentioned 27565 rate of 78.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 27565?

The most common range for rental cost in ZIP Code 27565 is between $500 and $999 per month. About 59.5% of renters in 27565 pay in this range for monthly rent. In comparison, approximately 49.3% of renters in the state of North Carolina fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 27565 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 27565 is lower than the rental vacancy rate in the state of North Carolina overall. Rental vacancy of 2.8% in ZIP Code 27565 is about 59% lower than the North Carolina rate of 6.8%. Looking more broadly, rental vacancy in this Oxford, NC region (2.8%) is an estimated 53% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 27565? How does it compare to other North Carolina regions?

Median household income in ZIP Code 27565 is lower than in the state of North Carolina overall. Annual household income of $47,295 in ZIP Code 27565 is about 13% lower than the North Carolina median of $54,602. Additionally, median household income in this Oxford, NC region ($47,295) is approximately 25% 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 27565 spend on housing costs?

Renters in ZIP Code 27565 spend a lower amount of their income on rent costs than do renters in North Carolina overall. Renters in ZIP Code 27565 spend an estimated 29.17% of their income on rent payments, which is about 0% lower than the overall North Carolina estimated rate of 29.19%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 2% higher than the ZIP Code 27565 estimated rate of 29.17%.
9

Do renters in ZIP Code 27565 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 27565 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 27565 spending 30 percent or more of their income on rent costs (46.8%) is approximately 1% lower than the North Carolina rate of 47.4% 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% higher than the aforementioned 27565 rate of 46.8%.
10

What is the average household size of renter-occupied units in ZIP Code 27565?

The average household size of renter-occupied units in ZIP Code 27565 is lower than in the state of North Carolina overall. Annual household size of 2.43 in ZIP Code 27565 is about 0% lower than the North Carolina median of 2.43. Additionally, median household size in this Oxford, NC region (2.43) is approximately 2% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Carolina ZIP Codes