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Rental Insights for ZIP Code 58571 (Stanton, ND)

Housing Rentals in ZIP Code 58571 (Stanton, ND)

58571 ZIP Code in North Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 58571

The 58571 ZIP Code is principally located in Stanton, ND in Mercer County. This region of North Dakota has an estimated median housing rent of $656 per month. About 9.1% of total housing units in this Mercer County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 18.5%.

The median rent in ZIP Code 58571 of $656 per month is 21% lower than the aggregate North Dakota median monthly rent of $826, and is 38% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 54.5% of residents in ZIP Code 58571 have a monthly rent payment between $500 and $999. That is 2% lower than in North Dakota overall, in which 55.8% of total state residents pay between $500 and $999 per month for housing. Just 45.5% of ZIP Code 58571 renters pay less than $500 for monthly rent.

ZIP Code 58571 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 58571

See the chart below for a comparison of monthly rental costs in ZIP Code 58571, North Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 58571 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 58571

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

Cost ZIP 58571 North Dakota U.S.
Less than $500 45.5% 13.1% 9.4%
$500 to $999 54.5% 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 58571

Renters in ZIP Code 58571 use an estimated 28.86% of their income to cover their monthly rent payments. That is about 9% 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 58571 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 58571 come in higher than in North Dakota as a whole. The median annual household income in ZIP Code 58571 of $65,909 sits approximately 2% higher than the overall North Dakota median income of $64,894 and approximately 5% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 58571

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 58571, 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 58571 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 58571

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

Rent Cost as % of Income ZIP 58571 North Dakota U.S.
Less than 15.0 percent 27.3% 21.6% 13.1%
15.0 to 19.9 percent 0.0% 15.6% 12.9%
20.0 to 24.9 percent 0.0% 14.5% 12.9%
25.0 to 29.9 percent 31.8% 9.6% 11.6%
30.0 to 34.9 percent 0.0% 7.0% 9.1%
35.0 percent or more 40.9% 31.7% 40.5%

Household Income in ZIP Code 58571

See the table below for the regional comparison of annual household income in ZIP Code 58571.

Income ZIP 58571 North Dakota U.S.
Less than $10,000 8.7% 5.7% 6.0%
$10,000 to $14,999 2.9% 4.0% 4.3%
$15,000 to $24,999 7.9% 8.1% 8.9%
$25,000 to $34,999 9.1% 8.6% 8.9%
$35,000 to $49,999 12.0% 12.1% 12.3%
$50,000 to $74,999 23.1% 17.9% 17.2%
$75,000 to $99,999 12.0% 14.3% 12.7%
$100,000 to $149,999 18.6% 17.1% 15.1%
$150,000 to $199,999 5.8% 6.3% 6.8%
$200,000 or more 0.0% 5.9% 7.7%

Household Income in ZIP Code 58571

See the chart below for a comparison of annual household income figures in ZIP Code 58571, North Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 58571 alongside the same figures for the state of North Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 58571

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 58571.

ZIP 58571 North Dakota U.S.
Median Housing Rent $656 $826 $1,062
Renter-Occupied Housing Units 9.1% 37.6% 36.0%
Rental Vacancy Rate 18.5% 9.6% 6.0%
Average Size of Renter-Occupied Unit 1.36 1.99 2.49
Average # of Bedrooms Per Unit 2.94 2.84 2.75
Percent of Income Spent on Rent 28.86% 26.54% 29.83%
Per Capita Income $31,573 $36,062 $34,103
Median Household Income $68,549 $85,476 $88,607
Living Below the Poverty Line 11.4% 6.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 58571

In ZIP Code 58571 (Stanton, ND), and estimated 9.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 18.5%.

The per capita income in 58571 is estimated at $31,573, which goes along with an estimated median household income of $68,549. About 11.4% of residents in this Mercer County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.36 occupants, while the units have an aggregate average size of 2.94 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.86% of their income on housing rental costs.

Rental FAQs for ZIP Code 58571

1

What is the median monthly rent in ZIP Code 58571?

Median rent for housing in ZIP Code 58571 in Mercer County in North Dakota is approximately $656 per month.
2

Is it expensive to rent in ZIP Code 58571?

Rent in ZIP Code 58571 is lower than average in the state of North Dakota overall. The median monthly rent of $656 in ZIP Code 58571 is approximately 21% lower than the North Dakota median of $826. Additionally, median rent in this Stanton, ND region ($656) is about 38% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 58571?

High-priced rentals are not common in the Stanton, ND ZIP Code of 58571, 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 58571?

Affordable rentals are more common in ZIP Code 58571 than in North Dakota overall. The percentage of housing rentals in ZIP Code 58571 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 58571 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 58571?

The most common range for rental cost in ZIP Code 58571 is between $500 and $999 per month. About 54.5% of renters in 58571 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 58571 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 58571 is higher than the rental vacancy rate in the state of North Dakota overall. Rental vacancy of 18.5% in ZIP Code 58571 is about 93% higher than the North Dakota rate of 9.6%. Looking more broadly, rental vacancy in this Stanton, ND region (18.5%) is an estimated 208% 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 58571? How does it compare to other North Dakota regions?

Median household income in ZIP Code 58571 is higher than in the state of North Dakota overall. Annual household income of $65,909 in ZIP Code 58571 is about 2% higher than the North Dakota median of $64,894. Additionally, median household income in this Stanton, ND region ($65,909) is approximately 5% 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 58571 spend on housing costs?

Renters in ZIP Code 58571 spend a higher amount of their income on rent costs than do renters in North Dakota overall. Renters in ZIP Code 58571 spend an estimated 28.86% of their income on rent payments, which is about 9% 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 3% higher than the ZIP Code 58571 estimated rate of 28.86%.
9

Do renters in ZIP Code 58571 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 58571 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 58571 spending 30 percent or more of their income on rent costs (40.9%) is approximately 6% 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 18% higher than the aforementioned 58571 rate of 40.9%.
10

What is the average household size of renter-occupied units in ZIP Code 58571?

The average household size of renter-occupied units in ZIP Code 58571 is lower than in the state of North Dakota overall. Annual household size of 1.36 in ZIP Code 58571 is about 32% lower than the North Dakota median of 1.99. Additionally, median household size in this Stanton, ND region (1.36) is approximately 45% lower than median household size of 2.49 in the U.S. as a whole.