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Rental Insights for ZIP Code 73762 (Okarche, OK)

Housing Rentals in ZIP Code 73762 (Okarche, OK)

73762 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 73762

The 73762 ZIP Code is primarily associated with Okarche, OK in Kingfisher County. The estimated median housing rent in this Oklahoma region is $948 per month. Approximately 20.0% of housing units in this Kingfisher County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 6.8%.

The median rent in ZIP Code 73762 of $948 per month is 17% higher than the aggregate Oklahoma median monthly rent of $810, and is 11% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 70.5% of residents in ZIP Code 73762 have a monthly rent payment between $500 and $999. That is 20% higher than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Only 5.4% of renters in this Okarche, OK region pay between $1,500 and $1,999 per month for rent.

ZIP Code 73762 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 73762

See the chart below for a comparison of monthly rental costs in ZIP Code 73762, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 73762 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 73762

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

Cost ZIP 73762 Oklahoma U.S.
Less than $500 0.0% 12.6% 9.4%
$500 to $999 70.5% 58.9% 36.2%
$1,000 to $1,499 24.1% 22.6% 30.0%
$1,500 to $1,999 5.4% 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 73762

Renters in ZIP Code 73762 use an estimated 30.86% of their income to cover their monthly rent payments. That is about 9% 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 73762 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 73762 come in higher than in Oklahoma as a whole. The median annual household income in ZIP Code 73762 of $62,788 sits approximately 19% higher than the overall Oklahoma median income of $52,919 and approximately 0% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 73762

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 73762, 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 73762 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 73762

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

Rent Cost as % of Income ZIP 73762 Oklahoma U.S.
Less than 15.0 percent 9.4% 16.9% 13.1%
15.0 to 19.9 percent 9.4% 14.4% 12.9%
20.0 to 24.9 percent 3.1% 13.6% 12.9%
25.0 to 29.9 percent 20.8% 10.8% 11.6%
30.0 to 34.9 percent 25.0% 8.3% 9.1%
35.0 percent or more 32.3% 36.0% 40.5%

Household Income in ZIP Code 73762

See the table below for the regional comparison of annual household income in ZIP Code 73762.

Income ZIP 73762 Oklahoma U.S.
Less than $10,000 7.7% 6.9% 6.0%
$10,000 to $14,999 2.1% 5.1% 4.3%
$15,000 to $24,999 9.6% 10.7% 8.9%
$25,000 to $34,999 8.8% 10.6% 8.9%
$35,000 to $49,999 9.3% 14.1% 12.3%
$50,000 to $74,999 22.4% 18.5% 17.2%
$75,000 to $99,999 15.1% 12.5% 12.7%
$100,000 to $149,999 10.8% 12.7% 15.1%
$150,000 to $199,999 6.4% 4.6% 6.8%
$200,000 or more 7.6% 4.3% 7.7%

Household Income in ZIP Code 73762

See the chart below for a comparison of annual household income figures in ZIP Code 73762, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 73762 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 73762

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 73762.

ZIP 73762 Oklahoma U.S.
Median Housing Rent $948 $810 $1,062
Renter-Occupied Housing Units 20.0% 34.4% 36.0%
Rental Vacancy Rate 6.8% 8.2% 6.0%
Average Size of Renter-Occupied Unit 2.69 2.49 2.49
Average # of Bedrooms Per Unit 2.94 2.73 2.75
Percent of Income Spent on Rent 30.86% 28.24% 29.83%
Per Capita Income $33,070 $28,422 $34,103
Median Household Income $84,578 $72,695 $88,607
Living Below the Poverty Line 8.9% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 73762

In ZIP Code 73762 (Okarche, OK), and estimated 20.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.8%.

The per capita income in 73762 is estimated at $33,070, which goes along with an estimated median household income of $84,578. About 8.9% of residents in this Kingfisher County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.69 occupants, while the units have an aggregate average size of 2.94 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.86% of their income on housing rental costs.

Rental FAQs for ZIP Code 73762

1

What is the median monthly rent in ZIP Code 73762?

Median rent for housing in ZIP Code 73762 in Kingfisher County in Oklahoma is approximately $948 per month.
2

Is it expensive to rent in ZIP Code 73762?

Rent in ZIP Code 73762 is higher than average in the state of Oklahoma overall. The median monthly rent of $948 in ZIP Code 73762 is approximately 17% higher than the Oklahoma median of $810. Additionally, median rent in this Okarche, OK region ($948) is about 11% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 73762?

High-priced rentals are not common in the Okarche, OK ZIP Code of 73762, 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 73762?

Affordable rentals are less common in ZIP Code 73762 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 73762 costing $999 or less per month (70.5%) is approximately 1% lower 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 55% lower than the previously mentioned 73762 rate of 70.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 73762?

The most common range for rental cost in ZIP Code 73762 is between $500 and $999 per month. About 70.5% of renters in 73762 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 73762 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 73762 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 6.8% in ZIP Code 73762 is about 17% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Okarche, OK region (6.8%) is an estimated 13% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 73762? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 73762 is higher than in the state of Oklahoma overall. Annual household income of $62,788 in ZIP Code 73762 is about 19% higher than the Oklahoma median of $52,919. Additionally, median household income in this Okarche, OK region ($62,788) is approximately 0% 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 73762 spend on housing costs?

Renters in ZIP Code 73762 spend a higher amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 73762 spend an estimated 30.86% of their income on rent payments, which is about 9% 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 3% lower than the ZIP Code 73762 estimated rate of 30.86%.
9

Do renters in ZIP Code 73762 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 73762 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 73762 spending 30 percent or more of their income on rent costs (57.3%) is approximately 29% 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 16% lower than the aforementioned 73762 rate of 57.3%.
10

What is the average household size of renter-occupied units in ZIP Code 73762?

The average household size of renter-occupied units in ZIP Code 73762 is higher than in the state of Oklahoma overall. Annual household size of 2.69 in ZIP Code 73762 is about 8% higher than the Oklahoma median of 2.49. Additionally, median household size in this Okarche, OK region (2.69) is approximately 8% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes