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Rental Insights for ZIP Code 74028 (Depew, OK)

Housing Rentals in ZIP Code 74028 (Depew, OK)

74028 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 74028

The 74028 ZIP Code is primarily associated with Depew, OK in Creek County. This Oklahoma region has an estimated median housing rent of $617 per month. About 17.0% of housing units in this Creek County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 1.0%.

The median rent in ZIP Code 74028 of $617 per month is 24% lower than the aggregate Oklahoma median monthly rent of $810, and is 42% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 49.2% of residents in ZIP Code 74028 pay between $500 and $999 per month for rent. That is 16% lower than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 11.5% of renters in this Depew, OK region pay between $1,000 and $1,499 per month for rent.

ZIP Code 74028 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 74028

See the chart below for a comparison of monthly rental costs in ZIP Code 74028, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 74028 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 74028

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

Cost ZIP 74028 Oklahoma U.S.
Less than $500 39.3% 12.6% 9.4%
$500 to $999 49.2% 58.9% 36.2%
$1,000 to $1,499 11.5% 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 74028

Renters in ZIP Code 74028 use an estimated 21.75% of their income to cover their monthly rent payments. That is about 23% 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 74028 renters use about 27% less of their income to cover rent expense. Household income figures for ZIP Code 74028 come in lower than in Oklahoma as a whole. The median annual household income in ZIP Code 74028 of $47,386 sits approximately 10% lower than the overall Oklahoma median income of $52,919 and approximately 25% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 74028

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 74028, 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 74028 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 74028

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

Rent Cost as % of Income ZIP 74028 Oklahoma U.S.
Less than 15.0 percent 41.0% 16.9% 13.1%
15.0 to 19.9 percent 19.7% 14.4% 12.9%
20.0 to 24.9 percent 1.6% 13.6% 12.9%
25.0 to 29.9 percent 14.8% 10.8% 11.6%
30.0 to 34.9 percent 0.0% 8.3% 9.1%
35.0 percent or more 23.0% 36.0% 40.5%

Household Income in ZIP Code 74028

See the table below for the regional comparison of annual household income in ZIP Code 74028.

Income ZIP 74028 Oklahoma U.S.
Less than $10,000 4.5% 6.9% 6.0%
$10,000 to $14,999 5.7% 5.1% 4.3%
$15,000 to $24,999 13.2% 10.7% 8.9%
$25,000 to $34,999 13.7% 10.6% 8.9%
$35,000 to $49,999 15.3% 14.1% 12.3%
$50,000 to $74,999 18.2% 18.5% 17.2%
$75,000 to $99,999 18.3% 12.5% 12.7%
$100,000 to $149,999 9.2% 12.7% 15.1%
$150,000 to $199,999 1.2% 4.6% 6.8%
$200,000 or more 0.8% 4.3% 7.7%

Household Income in ZIP Code 74028

See the chart below for a comparison of annual household income figures in ZIP Code 74028, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 74028 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 74028

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 74028.

ZIP 74028 Oklahoma U.S.
Median Housing Rent $617 $810 $1,062
Renter-Occupied Housing Units 17.0% 34.4% 36.0%
Rental Vacancy Rate 1.0% 8.2% 6.0%
Average Size of Renter-Occupied Unit 2.70 2.49 2.49
Average # of Bedrooms Per Unit 2.88 2.73 2.75
Percent of Income Spent on Rent 21.75% 28.24% 29.83%
Per Capita Income $21,238 $28,422 $34,103
Median Household Income $56,815 $72,695 $88,607
Living Below the Poverty Line 8.6% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 74028

In ZIP Code 74028 (Depew, OK), and estimated 17.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.0%.

The per capita income in 74028 is estimated at $21,238, which goes along with an estimated median household income of $56,815. About 8.6% of residents in this Creek County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.70 occupants, while the units have an aggregate average size of 2.88 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 21.75% of their income on housing rental costs.

Rental FAQs for ZIP Code 74028

1

What is the median monthly rent in ZIP Code 74028?

Median rent for housing in ZIP Code 74028 in Creek County in Oklahoma is approximately $617 per month.
2

Is it expensive to rent in ZIP Code 74028?

Rent in ZIP Code 74028 is lower than average in the state of Oklahoma overall. The median monthly rent of $617 in ZIP Code 74028 is approximately 24% lower than the Oklahoma median of $810. Additionally, median rent in this Depew, OK region ($617) is about 42% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 74028?

High-priced rentals are not common in the Depew, OK ZIP Code of 74028, 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 74028?

Affordable rentals are more common in ZIP Code 74028 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 74028 costing $999 or less per month (88.5%) is approximately 24% 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 94% lower than the previously mentioned 74028 rate of 88.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 74028?

The most common range for rental cost in ZIP Code 74028 is between $500 and $999 per month. About 49.2% of renters in 74028 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 74028 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 74028 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 1.0% in ZIP Code 74028 is about 88% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Depew, OK region (1.0%) is an estimated 83% 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 74028? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 74028 is lower than in the state of Oklahoma overall. Annual household income of $47,386 in ZIP Code 74028 is about 10% lower than the Oklahoma median of $52,919. Additionally, median household income in this Depew, OK region ($47,386) is approximately 25% 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 74028 spend on housing costs?

Renters in ZIP Code 74028 spend a lower amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 74028 spend an estimated 21.75% of their income on rent payments, which is about 23% 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 27% higher than the ZIP Code 74028 estimated rate of 21.75%.
9

Do renters in ZIP Code 74028 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 74028 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 74028 spending 30 percent or more of their income on rent costs (23%) is approximately 48% 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 54% higher than the aforementioned 74028 rate of 23%.
10

What is the average household size of renter-occupied units in ZIP Code 74028?

The average household size of renter-occupied units in ZIP Code 74028 is higher than in the state of Oklahoma overall. Annual household size of 2.70 in ZIP Code 74028 is about 8% higher than the Oklahoma median of 2.49. Additionally, median household size in this Depew, OK region (2.70) 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