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Rental Insights for ZIP Code 58501 (Bismarck, ND)

Housing Rentals in ZIP Code 58501 (Bismarck, ND)

58501 ZIP Code in North Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 58501

The 58501 ZIP Code is principally located in Bismarck, ND in Burleigh County. This region of North Dakota has an estimated median housing rent of $820 per month. About 42.6% of total housing units in this Burleigh County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 9.0%.

The median rent in ZIP Code 58501 of $820 per month is 1% lower than the aggregate North Dakota median monthly rent of $826, and is 23% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 61.8% of residents in ZIP Code 58501 pay between $500 and $999 per month for rent. That is 11% higher than in North Dakota overall, in which 55.8% of total state residents pay between $500 and $999 per month for housing. Just 0.4% of ZIP Code 58501 renters pay between $2,000 and $2,499 for monthly rent.

ZIP Code 58501 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 58501

See the chart below for a comparison of monthly rental costs in ZIP Code 58501, North Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 58501 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 58501

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

Cost ZIP 58501 North Dakota U.S.
Less than $500 8.6% 13.1% 9.4%
$500 to $999 61.8% 55.8% 36.2%
$1,000 to $1,499 20.6% 22.3% 30.0%
$1,500 to $1,999 6.4% 6.6% 14.0%
$2,000 to $2,499 0.4% 1.1% 5.6%
$2,500 to $2,999 0.8% 0.6% 2.4%
$3,000 or more 1.4% 0.5% 2.4%

Rent Cost vs. Income in ZIP Code 58501

Renters in ZIP Code 58501 use an estimated 27.99% of their income to cover their monthly rent payments. That is about 5% 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 58501 renters use about 6% less of their income to cover rent expense. Household income figures for ZIP Code 58501 come in lower than in North Dakota as a whole. The median annual household income in ZIP Code 58501 of $58,594 sits approximately 10% lower than the overall North Dakota median income of $64,894 and approximately 7% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 58501

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 58501, 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 58501 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 58501

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

Rent Cost as % of Income ZIP 58501 North Dakota U.S.
Less than 15.0 percent 15.4% 21.6% 13.1%
15.0 to 19.9 percent 16.2% 15.6% 12.9%
20.0 to 24.9 percent 15.7% 14.5% 12.9%
25.0 to 29.9 percent 9.3% 9.6% 11.6%
30.0 to 34.9 percent 9.2% 7.0% 9.1%
35.0 percent or more 34.2% 31.7% 40.5%

Household Income in ZIP Code 58501

See the table below for the regional comparison of annual household income in ZIP Code 58501.

Income ZIP 58501 North Dakota U.S.
Less than $10,000 5.2% 5.7% 6.0%
$10,000 to $14,999 5.2% 4.0% 4.3%
$15,000 to $24,999 8.2% 8.1% 8.9%
$25,000 to $34,999 10.8% 8.6% 8.9%
$35,000 to $49,999 14.1% 12.1% 12.3%
$50,000 to $74,999 18.1% 17.9% 17.2%
$75,000 to $99,999 13.1% 14.3% 12.7%
$100,000 to $149,999 16.8% 17.1% 15.1%
$150,000 to $199,999 5.3% 6.3% 6.8%
$200,000 or more 3.4% 5.9% 7.7%

Household Income in ZIP Code 58501

See the chart below for a comparison of annual household income figures in ZIP Code 58501, North Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 58501 alongside the same figures for the state of North Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 58501

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 58501.

ZIP 58501 North Dakota U.S.
Median Housing Rent $820 $826 $1,062
Renter-Occupied Housing Units 42.6% 37.6% 36.0%
Rental Vacancy Rate 9.0% 9.6% 6.0%
Average Size of Renter-Occupied Unit 1.82 1.99 2.49
Average # of Bedrooms Per Unit 2.7 2.84 2.75
Percent of Income Spent on Rent 27.99% 26.54% 29.83%
Per Capita Income $32,727 $36,062 $34,103
Median Household Income $72,541 $85,476 $88,607
Living Below the Poverty Line 3.9% 6.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 58501

In ZIP Code 58501 (Bismarck, ND), and estimated 42.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.0%.

The per capita income in 58501 is estimated at $32,727, which goes along with an estimated median household income of $72,541. About 3.9% of residents in this Burleigh County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.82 occupants, while the units have an aggregate average size of 2.7 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.99% of their income on housing rental costs.

Rental FAQs for ZIP Code 58501

1

What is the median monthly rent in ZIP Code 58501?

Median rent for housing in ZIP Code 58501 in Burleigh County in North Dakota is approximately $820 per month.
2

Is it expensive to rent in ZIP Code 58501?

Rent in ZIP Code 58501 is lower than average in the state of North Dakota overall. The median monthly rent of $820 in ZIP Code 58501 is approximately 1% lower than the North Dakota median of $826. Additionally, median rent in this Bismarck, ND region ($820) is about 23% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 58501?

High-priced rentals are more common in ZIP Code 58501 than in North Dakota overall. The percentage of rentals in ZIP Code 58501 that cost $3,000 or more per month (1.4%) is about 180% higher than the North Dakota rate of 0.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 42% higher than the aforementioned 58501 rate of 1.4%.
4

Are affordable rentals common in ZIP Code 58501?

Affordable rentals are more common in ZIP Code 58501 than in North Dakota overall. The percentage of housing rentals in ZIP Code 58501 costing $999 or less per month (70.4%) is approximately 2% 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 54% lower than the previously mentioned 58501 rate of 70.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 58501?

The most common range for rental cost in ZIP Code 58501 is between $500 and $999 per month. About 61.8% of renters in 58501 pay in this range for monthly rent. In comparison, approximately 55.8% of renters in the state of North Dakota fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 58501 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 58501 is lower than the rental vacancy rate in the state of North Dakota overall. Rental vacancy of 9.0% in ZIP Code 58501 is about 6% lower than the North Dakota rate of 9.6%. Looking more broadly, rental vacancy in this Bismarck, ND region (9.0%) is an estimated 50% 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 58501? How does it compare to other North Dakota regions?

Median household income in ZIP Code 58501 is lower than in the state of North Dakota overall. Annual household income of $58,594 in ZIP Code 58501 is about 10% lower than the North Dakota median of $64,894. Additionally, median household income in this Bismarck, ND region ($58,594) is approximately 7% 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 58501 spend on housing costs?

Renters in ZIP Code 58501 spend a higher amount of their income on rent costs than do renters in North Dakota overall. Renters in ZIP Code 58501 spend an estimated 27.99% of their income on rent payments, which is about 5% 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 6% higher than the ZIP Code 58501 estimated rate of 27.99%.
9

Do renters in ZIP Code 58501 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 58501 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 58501 spending 30 percent or more of their income on rent costs (43.4%) is approximately 12% 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 13% higher than the aforementioned 58501 rate of 43.4%.
10

What is the average household size of renter-occupied units in ZIP Code 58501?

The average household size of renter-occupied units in ZIP Code 58501 is lower than in the state of North Dakota overall. Annual household size of 1.82 in ZIP Code 58501 is about 9% lower than the North Dakota median of 1.99. Additionally, median household size in this Bismarck, ND region (1.82) is approximately 27% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Dakota ZIP Codes