Renters Local

Rental Insights for ZIP Code 73129 (Oklahoma City, OK)

Housing Rentals in ZIP Code 73129 (Oklahoma City, OK)

73129 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 73129

The 73129 ZIP Code is primarily associated with Oklahoma City, OK in Oklahoma County. The estimated median housing rent in this Oklahoma region is $778 per month. Approximately 50.0% of housing units in this Oklahoma County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 6.0%.

The median rent in ZIP Code 73129 of $778 per month is 4% lower than the aggregate Oklahoma median monthly rent of $810, and is 27% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 68.0% of residents in ZIP Code 73129 pay between $500 and $999 per month for rent. That is 15% higher than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 12.8% of renters in ZIP Code 73129 pay less than $500 for monthly rent.

ZIP Code 73129 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 73129

See the chart below for a comparison of monthly rental costs in ZIP Code 73129, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 73129 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 73129

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

Cost ZIP 73129 Oklahoma U.S.
Less than $500 12.8% 12.6% 9.4%
$500 to $999 68.0% 58.9% 36.2%
$1,000 to $1,499 19.2% 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 73129

Renters in ZIP Code 73129 use an estimated 29.95% of their income to cover their monthly rent payments. That is about 6% 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 73129 renters use about 0% more of their income to cover rent expense. Household income figures for ZIP Code 73129 come in lower than in Oklahoma as a whole. The median annual household income in ZIP Code 73129 of $32,507 sits approximately 39% lower than the overall Oklahoma median income of $52,919 and approximately 48% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 73129

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 73129, 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 73129 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 73129

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

Rent Cost as % of Income ZIP 73129 Oklahoma U.S.
Less than 15.0 percent 12.9% 16.9% 13.1%
15.0 to 19.9 percent 19.2% 14.4% 12.9%
20.0 to 24.9 percent 9.8% 13.6% 12.9%
25.0 to 29.9 percent 6.5% 10.8% 11.6%
30.0 to 34.9 percent 6.2% 8.3% 9.1%
35.0 percent or more 45.4% 36.0% 40.5%

Household Income in ZIP Code 73129

See the table below for the regional comparison of annual household income in ZIP Code 73129.

Income ZIP 73129 Oklahoma U.S.
Less than $10,000 14.4% 6.9% 6.0%
$10,000 to $14,999 8.6% 5.1% 4.3%
$15,000 to $24,999 13.1% 10.7% 8.9%
$25,000 to $34,999 16.9% 10.6% 8.9%
$35,000 to $49,999 17.8% 14.1% 12.3%
$50,000 to $74,999 17.6% 18.5% 17.2%
$75,000 to $99,999 5.2% 12.5% 12.7%
$100,000 to $149,999 4.5% 12.7% 15.1%
$150,000 to $199,999 1.1% 4.6% 6.8%
$200,000 or more 1.0% 4.3% 7.7%

Household Income in ZIP Code 73129

See the chart below for a comparison of annual household income figures in ZIP Code 73129, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 73129 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 73129

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 73129.

ZIP 73129 Oklahoma U.S.
Median Housing Rent $778 $810 $1,062
Renter-Occupied Housing Units 50.0% 34.4% 36.0%
Rental Vacancy Rate 6.0% 8.2% 6.0%
Average Size of Renter-Occupied Unit 3.28 2.49 2.49
Average # of Bedrooms Per Unit 2.5 2.73 2.75
Percent of Income Spent on Rent 29.95% 28.24% 29.83%
Per Capita Income $15,503 $28,422 $34,103
Median Household Income $46,228 $72,695 $88,607
Living Below the Poverty Line 34.0% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 73129

In ZIP Code 73129 (Oklahoma City, OK), and estimated 50.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.0%.

The per capita income in 73129 is estimated at $15,503, which goes along with an estimated median household income of $46,228. About 34.0% of residents in this Oklahoma County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.28 occupants, while the units have an aggregate average size of 2.5 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.95% of their income on housing rental costs.

Rental FAQs for ZIP Code 73129

1

What is the median monthly rent in ZIP Code 73129?

Median rent for housing in ZIP Code 73129 in Oklahoma County in Oklahoma is approximately $778 per month.
2

Is it expensive to rent in ZIP Code 73129?

Rent in ZIP Code 73129 is lower than average in the state of Oklahoma overall. The median monthly rent of $778 in ZIP Code 73129 is approximately 4% lower than the Oklahoma median of $810. Additionally, median rent in this Oklahoma City, OK region ($778) is about 27% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 73129?

High-priced rentals are not common in the Oklahoma City, OK ZIP Code of 73129, 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 73129?

Affordable rentals are more common in ZIP Code 73129 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 73129 costing $999 or less per month (80.8%) is approximately 13% 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 77% lower than the previously mentioned 73129 rate of 80.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 73129?

The most common range for rental cost in ZIP Code 73129 is between $500 and $999 per month. About 68.0% of renters in 73129 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 73129 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 73129 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 6.0% in ZIP Code 73129 is about 27% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Oklahoma City, OK region (6.0%) is an estimated 0% 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 73129? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 73129 is lower than in the state of Oklahoma overall. Annual household income of $32,507 in ZIP Code 73129 is about 39% lower than the Oklahoma median of $52,919. Additionally, median household income in this Oklahoma City, OK region ($32,507) is approximately 48% 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 73129 spend on housing costs?

Renters in ZIP Code 73129 spend a higher amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 73129 spend an estimated 29.95% of their income on rent payments, which is about 6% 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 0% lower than the ZIP Code 73129 estimated rate of 29.95%.
9

Do renters in ZIP Code 73129 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 73129 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 73129 spending 30 percent or more of their income on rent costs (51.6%) is approximately 16% 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 4% lower than the aforementioned 73129 rate of 51.6%.
10

What is the average household size of renter-occupied units in ZIP Code 73129?

The average household size of renter-occupied units in ZIP Code 73129 is higher than in the state of Oklahoma overall. Annual household size of 3.28 in ZIP Code 73129 is about 32% higher than the Oklahoma median of 2.49. Additionally, median household size in this Oklahoma City, OK region (3.28) is approximately 32% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes