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Rental Insights for ZIP Code 58640 (Killdeer, ND)

Housing Rentals in ZIP Code 58640 (Killdeer, ND)

58640 ZIP Code in North Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 58640

The 58640 ZIP Code is principally located in Killdeer, ND in Dunn County. This region of North Dakota has an estimated median housing rent of $1,091 per month. Approximately 23.4% of housing units in this Dunn County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of zero.

The median rent in ZIP Code 58640 of $1,091 per month is 32% higher than the aggregate North Dakota median monthly rent of $826, and is 3% higher than the $1,062 the median monthly rent in the U.S. overall. About 76.1% of residents in ZIP Code 58640 pay between $1,000 and $1,499 per month for rent. That is 241% higher than in North Dakota overall, in which 22.3% of total state residents pay between $1,000 and $1,499 per month for housing. Just 6.5% of renters in this Killdeer, ND region pay less than $500 for monthly rent.

ZIP Code 58640 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 58640

See the chart below for a comparison of monthly rental costs in ZIP Code 58640, North Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 58640 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 58640

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

Cost ZIP 58640 North Dakota U.S.
Less than $500 6.5% 13.1% 9.4%
$500 to $999 17.4% 55.8% 36.2%
$1,000 to $1,499 76.1% 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 58640

Renters in ZIP Code 58640 use an estimated 25.2% of their income to cover their monthly rent payments. That is about 5% 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 58640 renters use about 16% less of their income to cover rent expense. Household income figures for ZIP Code 58640 come in higher than in North Dakota as a whole. The median annual household income in ZIP Code 58640 of $96,250 sits approximately 48% higher than the overall North Dakota median income of $64,894 and approximately 53% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 58640

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 58640, 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 58640 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 58640

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

Rent Cost as % of Income ZIP 58640 North Dakota U.S.
Less than 15.0 percent 35.5% 21.6% 13.1%
15.0 to 19.9 percent 4.3% 15.6% 12.9%
20.0 to 24.9 percent 8.0% 14.5% 12.9%
25.0 to 29.9 percent 16.7% 9.6% 11.6%
30.0 to 34.9 percent 5.8% 7.0% 9.1%
35.0 percent or more 29.7% 31.7% 40.5%

Household Income in ZIP Code 58640

See the table below for the regional comparison of annual household income in ZIP Code 58640.

Income ZIP 58640 North Dakota U.S.
Less than $10,000 3.3% 5.7% 6.0%
$10,000 to $14,999 8.3% 4.0% 4.3%
$15,000 to $24,999 5.2% 8.1% 8.9%
$25,000 to $34,999 8.0% 8.6% 8.9%
$35,000 to $49,999 9.7% 12.1% 12.3%
$50,000 to $74,999 12.8% 17.9% 17.2%
$75,000 to $99,999 3.6% 14.3% 12.7%
$100,000 to $149,999 25.3% 17.1% 15.1%
$150,000 to $199,999 13.8% 6.3% 6.8%
$200,000 or more 10.2% 5.9% 7.7%

Household Income in ZIP Code 58640

See the chart below for a comparison of annual household income figures in ZIP Code 58640, North Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 58640 alongside the same figures for the state of North Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 58640

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 58640.

ZIP 58640 North Dakota U.S.
Median Housing Rent $1,091 $826 $1,062
Renter-Occupied Housing Units 23.4% 37.6% 36.0%
Rental Vacancy Rate 0.0% 9.6% 6.0%
Average Size of Renter-Occupied Unit 1.81 1.99 2.49
Average # of Bedrooms Per Unit 3.1 2.84 2.75
Percent of Income Spent on Rent 25.2% 26.54% 29.83%
Per Capita Income $49,526 $36,062 $34,103
Median Household Income $115,090 $85,476 $88,607
Living Below the Poverty Line 3.5% 6.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 58640

In ZIP Code 58640 (Killdeer, ND), and estimated 23.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 58640 is estimated at $49,526, which goes along with an estimated median household income of $115,090. About 3.5% of residents in this Dunn County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.81 occupants, while the units have an aggregate average size of 3.1 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.2% of their income on housing rental costs.

Rental FAQs for ZIP Code 58640

1

What is the median monthly rent in ZIP Code 58640?

Median rent for housing in ZIP Code 58640 in Dunn County in North Dakota is approximately $1,091 per month.
2

Is it expensive to rent in ZIP Code 58640?

Rent in ZIP Code 58640 is higher than average in the state of North Dakota overall. The median monthly rent of $1,091 in ZIP Code 58640 is approximately 32% higher than the North Dakota median of $826. Additionally, median rent in this Killdeer, ND region ($1,091) is about 3% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 58640?

High-priced rentals are not common in the Killdeer, ND ZIP Code of 58640, 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 58640?

Affordable rentals are less common in ZIP Code 58640 than in North Dakota overall. The percentage of housing rentals in ZIP Code 58640 costing $999 or less per month (23.9%) is approximately 65% lower 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 48% higher than the previously mentioned 58640 rate of 23.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 58640?

The most common range for rental cost in ZIP Code 58640 is between $1,000 and $1,499 per month. About 76.1% of renters in 58640 pay in this range for monthly rent. In comparison, approximately 22.3% of renters in the state of North Dakota fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 58640 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 58640 is lower than the rental vacancy rate in the state of North Dakota overall. Rental vacancy of 0.0% in ZIP Code 58640 is about 100% lower than the North Dakota rate of 9.6%. Looking more broadly, rental vacancy in this Killdeer, ND region (0.0%) is an estimated 100% 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 58640? How does it compare to other North Dakota regions?

Median household income in ZIP Code 58640 is higher than in the state of North Dakota overall. Annual household income of $96,250 in ZIP Code 58640 is about 48% higher than the North Dakota median of $64,894. Additionally, median household income in this Killdeer, ND region ($96,250) is approximately 53% 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 58640 spend on housing costs?

Renters in ZIP Code 58640 spend a lower amount of their income on rent costs than do renters in North Dakota overall. Renters in ZIP Code 58640 spend an estimated 25.2% of their income on rent payments, which is about 5% 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 16% higher than the ZIP Code 58640 estimated rate of 25.2%.
9

Do renters in ZIP Code 58640 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 58640 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 58640 spending 30 percent or more of their income on rent costs (35.5%) is approximately 8% 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 28% higher than the aforementioned 58640 rate of 35.5%.
10

What is the average household size of renter-occupied units in ZIP Code 58640?

The average household size of renter-occupied units in ZIP Code 58640 is lower than in the state of North Dakota overall. Annual household size of 1.81 in ZIP Code 58640 is about 9% lower than the North Dakota median of 1.99. Additionally, median household size in this Killdeer, ND region (1.81) 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