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Rental Insights for ZIP Code 58341 (Harvey, ND)

Housing Rentals in ZIP Code 58341 (Harvey, ND)

58341 ZIP Code in North Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 58341

The 58341 ZIP Code is principally located in Harvey, ND in Wells County. This region of North Dakota has an estimated median housing rent of $606 per month. Approximately 21.5% of housing units in the region are renter-occupied, and this this Wells County ZIP Code has an estimated rental vacancy rate of 18.3%.

The median rent in ZIP Code 58341 of $606 per month is 27% lower than the aggregate North Dakota median monthly rent of $826, and is 43% lower than the $1,062 the median monthly rent in the U.S. overall. About 44.9% of residents in ZIP Code 58341 pay less than $500 per month for rent. That is 243% higher than in North Dakota overall, in which 13.1% of total state residents pay less than $500 per month for housing. Only 27.3% of ZIP Code 58341 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 58341 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 58341

See the chart below for a comparison of monthly rental costs in ZIP Code 58341, North Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 58341 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 58341

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

Cost ZIP 58341 North Dakota U.S.
Less than $500 44.9% 13.1% 9.4%
$500 to $999 27.8% 55.8% 36.2%
$1,000 to $1,499 27.3% 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 58341

Renters in ZIP Code 58341 use an estimated 29.38% of their income to cover their monthly rent payments. That is about 11% higher 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 58341 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 58341 come in lower than in North Dakota as a whole. The median annual household income in ZIP Code 58341 of $54,632 sits approximately 16% lower than the overall North Dakota median income of $64,894 and approximately 13% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 58341

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 58341, 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 58341 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 58341

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

Rent Cost as % of Income ZIP 58341 North Dakota U.S.
Less than 15.0 percent 24.2% 21.6% 13.1%
15.0 to 19.9 percent 3.0% 15.6% 12.9%
20.0 to 24.9 percent 5.1% 14.5% 12.9%
25.0 to 29.9 percent 15.2% 9.6% 11.6%
30.0 to 34.9 percent 12.1% 7.0% 9.1%
35.0 percent or more 40.4% 31.7% 40.5%

Household Income in ZIP Code 58341

See the table below for the regional comparison of annual household income in ZIP Code 58341.

Income ZIP 58341 North Dakota U.S.
Less than $10,000 4.6% 5.7% 6.0%
$10,000 to $14,999 3.2% 4.0% 4.3%
$15,000 to $24,999 14.8% 8.1% 8.9%
$25,000 to $34,999 14.6% 8.6% 8.9%
$35,000 to $49,999 11.2% 12.1% 12.3%
$50,000 to $74,999 17.6% 17.9% 17.2%
$75,000 to $99,999 18.5% 14.3% 12.7%
$100,000 to $149,999 9.6% 17.1% 15.1%
$150,000 to $199,999 3.6% 6.3% 6.8%
$200,000 or more 2.4% 5.9% 7.7%

Household Income in ZIP Code 58341

See the chart below for a comparison of annual household income figures in ZIP Code 58341, North Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 58341 alongside the same figures for the state of North Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 58341

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 58341.

ZIP 58341 North Dakota U.S.
Median Housing Rent $606 $826 $1,062
Renter-Occupied Housing Units 21.5% 37.6% 36.0%
Rental Vacancy Rate 18.3% 9.6% 6.0%
Average Size of Renter-Occupied Unit 1.75 1.99 2.49
Average # of Bedrooms Per Unit 2.89 2.84 2.75
Percent of Income Spent on Rent 29.38% 26.54% 29.83%
Per Capita Income $29,577 $36,062 $34,103
Median Household Income $65,070 $85,476 $88,607
Living Below the Poverty Line 7.0% 6.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 58341

In ZIP Code 58341 (Harvey, ND), and estimated 21.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 18.3%.

The per capita income in 58341 is estimated at $29,577, which goes along with an estimated median household income of $65,070. About 7.0% of residents in this Wells County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.75 occupants, while the units have an aggregate average size of 2.89 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.38% of their income on housing rental costs.

Rental FAQs for ZIP Code 58341

1

What is the median monthly rent in ZIP Code 58341?

Median rent for housing in ZIP Code 58341 in Wells County in North Dakota is approximately $606 per month.
2

Is it expensive to rent in ZIP Code 58341?

Rent in ZIP Code 58341 is lower than average in the state of North Dakota overall. The median monthly rent of $606 in ZIP Code 58341 is approximately 27% lower than the North Dakota median of $826. Additionally, median rent in this Harvey, ND region ($606) is about 43% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 58341?

High-priced rentals are not common in the Harvey, ND ZIP Code of 58341, 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 58341?

Affordable rentals are more common in ZIP Code 58341 than in North Dakota overall. The percentage of housing rentals in ZIP Code 58341 costing $999 or less per month (72.7%) is approximately 6% 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 59% lower than the previously mentioned 58341 rate of 72.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 58341?

The most common range for rental cost in ZIP Code 58341 is less than $500 per month. About 44.9% of renters in 58341 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 58341 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 58341 is higher than the rental vacancy rate in the state of North Dakota overall. Rental vacancy of 18.3% in ZIP Code 58341 is about 91% higher than the North Dakota rate of 9.6%. Looking more broadly, rental vacancy in this Harvey, ND region (18.3%) is an estimated 205% 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 58341? How does it compare to other North Dakota regions?

Median household income in ZIP Code 58341 is lower than in the state of North Dakota overall. Annual household income of $54,632 in ZIP Code 58341 is about 16% lower than the North Dakota median of $64,894. Additionally, median household income in this Harvey, ND region ($54,632) is approximately 13% 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 58341 spend on housing costs?

Renters in ZIP Code 58341 spend a higher amount of their income on rent costs than do renters in North Dakota overall. Renters in ZIP Code 58341 spend an estimated 29.38% of their income on rent payments, which is about 11% higher 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 2% higher than the ZIP Code 58341 estimated rate of 29.38%.
9

Do renters in ZIP Code 58341 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 58341 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 58341 spending 30 percent or more of their income on rent costs (52.5%) is approximately 36% higher 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 6% lower than the aforementioned 58341 rate of 52.5%.
10

What is the average household size of renter-occupied units in ZIP Code 58341?

The average household size of renter-occupied units in ZIP Code 58341 is lower than in the state of North Dakota overall. Annual household size of 1.75 in ZIP Code 58341 is about 12% lower than the North Dakota median of 1.99. Additionally, median household size in this Harvey, ND region (1.75) is approximately 30% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Dakota ZIP Codes