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Rental Insights for ZIP Code 73111 (Oklahoma City, OK)

Housing Rentals in ZIP Code 73111 (Oklahoma City, OK)

73111 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 73111

The 73111 ZIP Code is primarily associated with Oklahoma City, OK in Oklahoma County. The estimated median housing rent in this Oklahoma region is $788 per month. Approximately 51.2% of housing units in this Oklahoma County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 3.6%.

The median rent in ZIP Code 73111 of $788 per month is 3% lower than the aggregate Oklahoma median monthly rent of $810, and is 26% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 66.6% of renters in ZIP Code 73111 pay between $500 and $999 per month for housing. That is 13% higher than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 0.1% of renters in ZIP Code 73111 pay between $1,500 and $1,999 for monthly rent.

ZIP Code 73111 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 73111

See the chart below for a comparison of monthly rental costs in ZIP Code 73111, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 73111 along with those in the state of Oklahoma and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 73111

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

Cost ZIP 73111 Oklahoma U.S.
Less than $500 12.8% 12.6% 9.4%
$500 to $999 66.6% 58.9% 36.2%
$1,000 to $1,499 20.5% 22.6% 30.0%
$1,500 to $1,999 0.1% 4.3% 14.0%
$2,000 to $2,499 0.0% 0.9% 5.6%
$2,500 to $2,999 0.0% 0.3% 2.4%
$3,000 or more 0.0% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 73111

Renters in ZIP Code 73111 use an estimated 33.36% of their income to cover their monthly rent payments. That is about 18% higher than in Oklahoma overall. The estimate for Oklahoma overall is 28.24% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 73111 renters use about 12% more of their income to cover rent expense. Household income figures for ZIP Code 73111 come in lower than in Oklahoma as a whole. The median annual household income in ZIP Code 73111 of $30,517 sits approximately 42% lower than the overall Oklahoma median income of $52,919 and approximately 51% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 73111

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 73111, Oklahoma, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 73111 along with the same calculations in the state of Oklahoma 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 73111

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

Rent Cost as % of Income ZIP 73111 Oklahoma U.S.
Less than 15.0 percent 9.4% 16.9% 13.1%
15.0 to 19.9 percent 11.6% 14.4% 12.9%
20.0 to 24.9 percent 7.4% 13.6% 12.9%
25.0 to 29.9 percent 6.6% 10.8% 11.6%
30.0 to 34.9 percent 7.2% 8.3% 9.1%
35.0 percent or more 57.8% 36.0% 40.5%

Household Income in ZIP Code 73111

See the table below for the regional comparison of annual household income in ZIP Code 73111.

Income ZIP 73111 Oklahoma U.S.
Less than $10,000 17.6% 6.9% 6.0%
$10,000 to $14,999 9.0% 5.1% 4.3%
$15,000 to $24,999 15.7% 10.7% 8.9%
$25,000 to $34,999 12.8% 10.6% 8.9%
$35,000 to $49,999 14.4% 14.1% 12.3%
$50,000 to $74,999 16.8% 18.5% 17.2%
$75,000 to $99,999 5.9% 12.5% 12.7%
$100,000 to $149,999 6.1% 12.7% 15.1%
$150,000 to $199,999 1.0% 4.6% 6.8%
$200,000 or more 0.8% 4.3% 7.7%

Household Income in ZIP Code 73111

See the chart below for a comparison of annual household income figures in ZIP Code 73111, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 73111 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 73111

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 73111.

ZIP 73111 Oklahoma U.S.
Median Housing Rent $788 $810 $1,062
Renter-Occupied Housing Units 51.2% 34.4% 36.0%
Rental Vacancy Rate 3.6% 8.2% 6.0%
Average Size of Renter-Occupied Unit 2.50 2.49 2.49
Average # of Bedrooms Per Unit 2.55 2.73 2.75
Percent of Income Spent on Rent 33.36% 28.24% 29.83%
Per Capita Income $18,653 $28,422 $34,103
Median Household Income $43,412 $72,695 $88,607
Living Below the Poverty Line 26.9% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 73111

In ZIP Code 73111 (Oklahoma City, OK), and estimated 51.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.6%.

The per capita income in 73111 is estimated at $18,653, which goes along with an estimated median household income of $43,412. About 26.9% of residents in this Oklahoma County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.50 occupants, while the units have an aggregate average size of 2.55 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 33.36% of their income on housing rental costs.

Rental FAQs for ZIP Code 73111

1

What is the median monthly rent in ZIP Code 73111?

Median rent for housing in ZIP Code 73111 in Oklahoma County in Oklahoma is approximately $788 per month.
2

Is it expensive to rent in ZIP Code 73111?

Rent in ZIP Code 73111 is lower than average in the state of Oklahoma overall. The median monthly rent of $788 in ZIP Code 73111 is approximately 3% lower than the Oklahoma median of $810. Additionally, median rent in this Oklahoma City, OK region ($788) is about 26% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 73111?

High-priced rentals are not common in the Oklahoma City, OK ZIP Code of 73111, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Oklahoma overall, approximately 0.3% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 73111?

Affordable rentals are more common in ZIP Code 73111 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 73111 costing $999 or less per month (79.4%) is approximately 11% higher than the Oklahoma rate of 71.5% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 74% lower than the previously mentioned 73111 rate of 79.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 73111?

The most common range for rental cost in ZIP Code 73111 is between $500 and $999 per month. About 66.6% of renters in 73111 pay in this range for monthly rent. In comparison, approximately 58.9% of renters in the state of Oklahoma fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 73111 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 73111 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 3.6% in ZIP Code 73111 is about 56% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Oklahoma City, OK region (3.6%) is an estimated 40% 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 73111? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 73111 is lower than in the state of Oklahoma overall. Annual household income of $30,517 in ZIP Code 73111 is about 42% lower than the Oklahoma median of $52,919. Additionally, median household income in this Oklahoma City, OK region ($30,517) is approximately 51% 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 73111 spend on housing costs?

Renters in ZIP Code 73111 spend a higher amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 73111 spend an estimated 33.36% of their income on rent payments, which is about 18% higher than the overall Oklahoma estimated rate of 28.24%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 12% lower than the ZIP Code 73111 estimated rate of 33.36%.
9

Do renters in ZIP Code 73111 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 73111 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 73111 spending 30 percent or more of their income on rent costs (65%) is approximately 47% higher than the Oklahoma rate of 44.3% 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 31% lower than the aforementioned 73111 rate of 65%.
10

What is the average household size of renter-occupied units in ZIP Code 73111?

The average household size of renter-occupied units in ZIP Code 73111 is higher than in the state of Oklahoma overall. Annual household size of 2.50 in ZIP Code 73111 is about 0% higher than the Oklahoma median of 2.49. Additionally, median household size in this Oklahoma City, OK region (2.50) is approximately 0% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes