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Rental Insights for ZIP Code 58655 (South Heart, ND)

Housing Rentals in ZIP Code 58655 (South Heart, ND)

58655 ZIP Code in North Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 58655

The 58655 ZIP Code is principally located in South Heart, ND in Stark County. This region of North Dakota has an estimated median housing rent of $888 per month. Approximately 16.3% of housing units in this Stark County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of zero.

The median rent in ZIP Code 58655 of $888 per month is 8% higher than the aggregate North Dakota median monthly rent of $826, and is 16% lower than the $1,062 the median monthly rent in the U.S. overall. About 34.3% of renters in ZIP Code 58655 pay between $500 and $999 per month for housing. That is 39% lower than in North Dakota overall, in which 55.8% of total state residents pay between $500 and $999 per month for housing. Just 14.3% of renters in this South Heart, ND region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 58655 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 58655

See the chart below for a comparison of monthly rental costs in ZIP Code 58655, North Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 58655 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 58655

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

Cost ZIP 58655 North Dakota U.S.
Less than $500 17.1% 13.1% 9.4%
$500 to $999 34.3% 55.8% 36.2%
$1,000 to $1,499 34.3% 22.3% 30.0%
$1,500 to $1,999 0.0% 6.6% 14.0%
$2,000 to $2,499 14.3% 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 58655

Renters in ZIP Code 58655 use an estimated 10% of their income to cover their monthly rent payments. That is about 62% 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 58655 renters use about 66% less of their income to cover rent expense. Household income figures for ZIP Code 58655 come in higher than in North Dakota as a whole. The median annual household income in ZIP Code 58655 of $77,875 sits approximately 20% higher than the overall North Dakota median income of $64,894 and approximately 24% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 58655

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 58655, 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 58655 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 58655

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

Rent Cost as % of Income ZIP 58655 North Dakota U.S.
Less than 15.0 percent 100.0% 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 0.0% 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 58655

See the table below for the regional comparison of annual household income in ZIP Code 58655.

Income ZIP 58655 North Dakota U.S.
Less than $10,000 5.7% 5.7% 6.0%
$10,000 to $14,999 4.0% 4.0% 4.3%
$15,000 to $24,999 5.7% 8.1% 8.9%
$25,000 to $34,999 12.3% 8.6% 8.9%
$35,000 to $49,999 3.5% 12.1% 12.3%
$50,000 to $74,999 18.1% 17.9% 17.2%
$75,000 to $99,999 8.8% 14.3% 12.7%
$100,000 to $149,999 22.9% 17.1% 15.1%
$150,000 to $199,999 12.3% 6.3% 6.8%
$200,000 or more 6.6% 5.9% 7.7%

Household Income in ZIP Code 58655

See the chart below for a comparison of annual household income figures in ZIP Code 58655, North Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 58655 alongside the same figures for the state of North Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 58655

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 58655.

ZIP 58655 North Dakota U.S.
Median Housing Rent $888 $826 $1,062
Renter-Occupied Housing Units 16.3% 37.6% 36.0%
Rental Vacancy Rate 0.0% 9.6% 6.0%
Average Size of Renter-Occupied Unit 2.73 1.99 2.49
Average # of Bedrooms Per Unit 3.24 2.84 2.75
Percent of Income Spent on Rent 10% 26.54% 29.83%
Per Capita Income $42,038 $36,062 $34,103
Median Household Income $100,149 $85,476 $88,607
Living Below the Poverty Line 9.3% 6.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 58655

In ZIP Code 58655 (South Heart, ND), and estimated 16.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 58655 is estimated at $42,038, which goes along with an estimated median household income of $100,149. About 9.3% of residents in this Stark County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.73 occupants, while the units have an aggregate average size of 3.24 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 10% of their income on housing rental costs.

Rental FAQs for ZIP Code 58655

1

What is the median monthly rent in ZIP Code 58655?

Median rent for housing in ZIP Code 58655 in Stark County in North Dakota is approximately $888 per month.
2

Is it expensive to rent in ZIP Code 58655?

Rent in ZIP Code 58655 is higher than average in the state of North Dakota overall. The median monthly rent of $888 in ZIP Code 58655 is approximately 8% higher than the North Dakota median of $826. Additionally, median rent in this South Heart, ND region ($888) is about 16% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 58655?

High-priced rentals are not common in the South Heart, ND ZIP Code of 58655, 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 58655?

Affordable rentals are less common in ZIP Code 58655 than in North Dakota overall. The percentage of housing rentals in ZIP Code 58655 costing $999 or less per month (51.4%) is approximately 25% 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 13% lower than the previously mentioned 58655 rate of 51.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 58655?

The most common range for rental cost in ZIP Code 58655 is between $500 and $999 per month. About 34.3% of renters in 58655 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 58655 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 58655 is lower than the rental vacancy rate in the state of North Dakota overall. Rental vacancy of 0.0% in ZIP Code 58655 is about 100% lower than the North Dakota rate of 9.6%. Looking more broadly, rental vacancy in this South Heart, 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 58655? How does it compare to other North Dakota regions?

Median household income in ZIP Code 58655 is higher than in the state of North Dakota overall. Annual household income of $77,875 in ZIP Code 58655 is about 20% higher than the North Dakota median of $64,894. Additionally, median household income in this South Heart, ND region ($77,875) is approximately 24% 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 58655 spend on housing costs?

Renters in ZIP Code 58655 spend a lower amount of their income on rent costs than do renters in North Dakota overall. Renters in ZIP Code 58655 spend an estimated 10% of their income on rent payments, which is about 62% 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 66% higher than the ZIP Code 58655 estimated rate of 10%.
9

Do renters in ZIP Code 58655 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 58655 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 58655 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 58655 rate of 0%.
10

What is the average household size of renter-occupied units in ZIP Code 58655?

The average household size of renter-occupied units in ZIP Code 58655 is higher than in the state of North Dakota overall. Annual household size of 2.73 in ZIP Code 58655 is about 37% higher than the North Dakota median of 1.99. Additionally, median household size in this South Heart, ND region (2.73) is approximately 10% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other North Dakota ZIP Codes