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Rental Insights for ZIP Code 73117 (Oklahoma City, OK)

Housing Rentals in ZIP Code 73117 (Oklahoma City, OK)

73117 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 73117

The 73117 ZIP Code is primarily associated with Oklahoma City, OK in Oklahoma County. The estimated median housing rent in this Oklahoma region is $652 per month. Approximately 58.5% of housing units in this Oklahoma County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 3.3%.

The median rent in ZIP Code 73117 of $652 per month is 20% lower than the aggregate Oklahoma median monthly rent of $810, and is 39% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 48.5% of renters in ZIP Code 73117 pay between $500 and $999 per month for housing. That is 18% lower than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 9.6% of renters in ZIP Code 73117 pay between $1,000 and $1,499 for monthly rent.

ZIP Code 73117 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 73117

See the chart below for a comparison of monthly rental costs in ZIP Code 73117, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 73117 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 73117

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

Cost ZIP 73117 Oklahoma U.S.
Less than $500 41.8% 12.6% 9.4%
$500 to $999 48.5% 58.9% 36.2%
$1,000 to $1,499 9.6% 22.6% 30.0%
$1,500 to $1,999 0.0% 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 73117

Renters in ZIP Code 73117 use an estimated 27.75% of their income to cover their monthly rent payments. That is about 2% lower 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 73117 renters use about 7% less of their income to cover rent expense. Household income figures for ZIP Code 73117 come in lower than in Oklahoma as a whole. The median annual household income in ZIP Code 73117 of $26,215 sits approximately 50% lower than the overall Oklahoma median income of $52,919 and approximately 58% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 73117

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 73117, 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 73117 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 73117

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

Rent Cost as % of Income ZIP 73117 Oklahoma U.S.
Less than 15.0 percent 14.8% 16.9% 13.1%
15.0 to 19.9 percent 9.8% 14.4% 12.9%
20.0 to 24.9 percent 14.5% 13.6% 12.9%
25.0 to 29.9 percent 27.1% 10.8% 11.6%
30.0 to 34.9 percent 5.7% 8.3% 9.1%
35.0 percent or more 28.2% 36.0% 40.5%

Household Income in ZIP Code 73117

See the table below for the regional comparison of annual household income in ZIP Code 73117.

Income ZIP 73117 Oklahoma U.S.
Less than $10,000 14.8% 6.9% 6.0%
$10,000 to $14,999 10.6% 5.1% 4.3%
$15,000 to $24,999 21.9% 10.7% 8.9%
$25,000 to $34,999 17.3% 10.6% 8.9%
$35,000 to $49,999 12.0% 14.1% 12.3%
$50,000 to $74,999 11.9% 18.5% 17.2%
$75,000 to $99,999 4.4% 12.5% 12.7%
$100,000 to $149,999 4.4% 12.7% 15.1%
$150,000 to $199,999 2.3% 4.6% 6.8%
$200,000 or more 0.5% 4.3% 7.7%

Household Income in ZIP Code 73117

See the chart below for a comparison of annual household income figures in ZIP Code 73117, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 73117 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 73117

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 73117.

ZIP 73117 Oklahoma U.S.
Median Housing Rent $652 $810 $1,062
Renter-Occupied Housing Units 58.5% 34.4% 36.0%
Rental Vacancy Rate 3.3% 8.2% 6.0%
Average Size of Renter-Occupied Unit 2.45 2.49 2.49
Average # of Bedrooms Per Unit 2.32 2.73 2.75
Percent of Income Spent on Rent 27.75% 28.24% 29.83%
Per Capita Income $18,293 $28,422 $34,103
Median Household Income $40,033 $72,695 $88,607
Living Below the Poverty Line 22.2% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 73117

In ZIP Code 73117 (Oklahoma City, OK), and estimated 58.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.3%.

The per capita income in 73117 is estimated at $18,293, which goes along with an estimated median household income of $40,033. About 22.2% of residents in this Oklahoma County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.45 occupants, while the units have an aggregate average size of 2.32 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.75% of their income on housing rental costs.

Rental FAQs for ZIP Code 73117

1

What is the median monthly rent in ZIP Code 73117?

Median rent for housing in ZIP Code 73117 in Oklahoma County in Oklahoma is approximately $652 per month.
2

Is it expensive to rent in ZIP Code 73117?

Rent in ZIP Code 73117 is lower than average in the state of Oklahoma overall. The median monthly rent of $652 in ZIP Code 73117 is approximately 20% lower than the Oklahoma median of $810. Additionally, median rent in this Oklahoma City, OK region ($652) is about 39% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 73117?

High-priced rentals are not common in the Oklahoma City, OK ZIP Code of 73117, 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 73117?

Affordable rentals are more common in ZIP Code 73117 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 73117 costing $999 or less per month (90.3%) is approximately 26% 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 98% lower than the previously mentioned 73117 rate of 90.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 73117?

The most common range for rental cost in ZIP Code 73117 is between $500 and $999 per month. About 48.5% of renters in 73117 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 73117 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 73117 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 3.3% in ZIP Code 73117 is about 60% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Oklahoma City, OK region (3.3%) is an estimated 45% 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 73117? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 73117 is lower than in the state of Oklahoma overall. Annual household income of $26,215 in ZIP Code 73117 is about 50% lower than the Oklahoma median of $52,919. Additionally, median household income in this Oklahoma City, OK region ($26,215) is approximately 58% 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 73117 spend on housing costs?

Renters in ZIP Code 73117 spend a lower amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 73117 spend an estimated 27.75% of their income on rent payments, which is about 2% lower 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 7% higher than the ZIP Code 73117 estimated rate of 27.75%.
9

Do renters in ZIP Code 73117 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 73117 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 73117 spending 30 percent or more of their income on rent costs (33.9%) is approximately 23% lower 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 32% higher than the aforementioned 73117 rate of 33.9%.
10

What is the average household size of renter-occupied units in ZIP Code 73117?

The average household size of renter-occupied units in ZIP Code 73117 is lower than in the state of Oklahoma overall. Annual household size of 2.45 in ZIP Code 73117 is about 2% lower than the Oklahoma median of 2.49. Additionally, median household size in this Oklahoma City, OK region (2.45) is approximately 2% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes