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Rental Insights for ZIP Code 58011 (Buffalo, ND)

Housing Rentals in ZIP Code 58011 (Buffalo, ND)

58011 ZIP Code in North Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 58011

The 58011 ZIP Code is principally located in Buffalo, ND in Cass County. This region of North Dakota has an estimated median housing rent of $466 per month. About 10.0% of housing units in this Cass County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 22.7%.

The median rent in ZIP Code 58011 of $466 per month is 44% lower than the aggregate North Dakota median monthly rent of $826, and is 56% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 86.7% of renters in ZIP Code 58011 pay less than $500 per month for housing. That is 562% higher than in North Dakota overall, in which 13.1% of total state residents pay less than $500 per month for housing. Just 13.3% of renters in this Buffalo, ND region pay between $500 and $999 per month for rent.

ZIP Code 58011 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 58011

See the chart below for a comparison of monthly rental costs in ZIP Code 58011, North Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 58011 along with those in the state of North Dakota and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 58011

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

Cost ZIP 58011 North Dakota U.S.
Less than $500 86.7% 13.1% 9.4%
$500 to $999 13.3% 55.8% 36.2%
$1,000 to $1,499 0.0% 22.3% 30.0%
$1,500 to $1,999 0.0% 6.6% 14.0%
$2,000 to $2,499 0.0% 1.1% 5.6%
$2,500 to $2,999 0.0% 0.6% 2.4%
$3,000 or more 0.0% 0.5% 2.4%

Rent Cost vs. Income in ZIP Code 58011

Renters in ZIP Code 58011 use an estimated 17.82% of their income to cover their monthly rent payments. That is about 33% lower than in North Dakota overall. The estimate for North Dakota overall is 26.54% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 58011 renters use about 40% less of their income to cover rent expense. Household income figures for ZIP Code 58011 come in higher than in North Dakota as a whole. The median annual household income in ZIP Code 58011 of $71,250 sits approximately 10% higher than the overall North Dakota median income of $64,894 and approximately 13% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 58011

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 58011, North Dakota, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 58011 along with the same calculations in the state of North Dakota 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 58011

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

Rent Cost as % of Income ZIP 58011 North Dakota U.S.
Less than 15.0 percent 13.3% 21.6% 13.1%
15.0 to 19.9 percent 73.3% 15.6% 12.9%
20.0 to 24.9 percent 0.0% 14.5% 12.9%
25.0 to 29.9 percent 13.3% 9.6% 11.6%
30.0 to 34.9 percent 0.0% 7.0% 9.1%
35.0 percent or more 0.0% 31.7% 40.5%

Household Income in ZIP Code 58011

See the table below for the regional comparison of annual household income in ZIP Code 58011.

Income ZIP 58011 North Dakota U.S.
Less than $10,000 4.1% 5.7% 6.0%
$10,000 to $14,999 0.6% 4.0% 4.3%
$15,000 to $24,999 5.9% 8.1% 8.9%
$25,000 to $34,999 10.6% 8.6% 8.9%
$35,000 to $49,999 10.6% 12.1% 12.3%
$50,000 to $74,999 22.4% 17.9% 17.2%
$75,000 to $99,999 17.6% 14.3% 12.7%
$100,000 to $149,999 15.9% 17.1% 15.1%
$150,000 to $199,999 5.9% 6.3% 6.8%
$200,000 or more 6.5% 5.9% 7.7%

Household Income in ZIP Code 58011

See the chart below for a comparison of annual household income figures in ZIP Code 58011, North Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 58011 alongside the same figures for the state of North Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 58011

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 58011.

ZIP 58011 North Dakota U.S.
Median Housing Rent $466 $826 $1,062
Renter-Occupied Housing Units 10.0% 37.6% 36.0%
Rental Vacancy Rate 22.7% 9.6% 6.0%
Average Size of Renter-Occupied Unit 1.59 1.99 2.49
Average # of Bedrooms Per Unit 3.28 2.84 2.75
Percent of Income Spent on Rent 17.82% 26.54% 29.83%
Per Capita Income $37,063 $36,062 $34,103
Median Household Income $87,736 $85,476 $88,607
Living Below the Poverty Line 0.0% 6.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 58011

In ZIP Code 58011 (Buffalo, ND), and estimated 10.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 22.7%.

The per capita income in 58011 is estimated at $37,063, which goes along with an estimated median household income of $87,736. About 0.0% of residents in this Cass County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.59 occupants, while the units have an aggregate average size of 3.28 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 17.82% of their income on housing rental costs.

Rental FAQs for ZIP Code 58011

1

What is the median monthly rent in ZIP Code 58011?

Median rent for housing in ZIP Code 58011 in Cass County in North Dakota is approximately $466 per month.
2

Is it expensive to rent in ZIP Code 58011?

Rent in ZIP Code 58011 is lower than average in the state of North Dakota overall. The median monthly rent of $466 in ZIP Code 58011 is approximately 44% lower than the North Dakota median of $826. Additionally, median rent in this Buffalo, ND region ($466) is about 56% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 58011?

High-priced rentals are not common in the Buffalo, ND ZIP Code of 58011, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of North Dakota 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 58011?

Affordable rentals are more common in ZIP Code 58011 than in North Dakota overall. The percentage of housing rentals in ZIP Code 58011 costing $999 or less per month (100%) is approximately 45% higher than the North Dakota rate of 68.9% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 119% lower than the previously mentioned 58011 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 58011?

The most common range for rental cost in ZIP Code 58011 is less than $500 per month. About 86.7% of renters in 58011 pay in this range for monthly rent. In comparison, approximately 13.1% of renters in the state of North Dakota fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 58011 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 58011 is higher than the rental vacancy rate in the state of North Dakota overall. Rental vacancy of 22.7% in ZIP Code 58011 is about 136% higher than the North Dakota rate of 9.6%. Looking more broadly, rental vacancy in this Buffalo, ND region (22.7%) is an estimated 278% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 58011? How does it compare to other North Dakota regions?

Median household income in ZIP Code 58011 is higher than in the state of North Dakota overall. Annual household income of $71,250 in ZIP Code 58011 is about 10% higher than the North Dakota median of $64,894. Additionally, median household income in this Buffalo, ND region ($71,250) is approximately 13% higher 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 58011 spend on housing costs?

Renters in ZIP Code 58011 spend a lower amount of their income on rent costs than do renters in North Dakota overall. Renters in ZIP Code 58011 spend an estimated 17.82% of their income on rent payments, which is about 33% lower than the overall North Dakota estimated rate of 26.54%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 40% higher than the ZIP Code 58011 estimated rate of 17.82%.
9

Do renters in ZIP Code 58011 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 58011 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 58011 spending 30 percent or more of their income on rent costs (0%) is approximately 100% lower than the North Dakota rate of 38.7% 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 100% higher than the aforementioned 58011 rate of 0%.
10

What is the average household size of renter-occupied units in ZIP Code 58011?

The average household size of renter-occupied units in ZIP Code 58011 is lower than in the state of North Dakota overall. Annual household size of 1.59 in ZIP Code 58011 is about 20% lower than the North Dakota median of 1.99. Additionally, median household size in this Buffalo, ND region (1.59) is approximately 36% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Dakota ZIP Codes