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Rental Insights for ZIP Code 74051 (Ochelata, OK)

Housing Rentals in ZIP Code 74051 (Ochelata, OK)

74051 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 74051

The 74051 ZIP Code is primarily associated with Ochelata, OK in Washington County. This Oklahoma region has an estimated median housing rent of $823 per month. About 8.7% of housing units in this Washington County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 17.5%.

The median rent in ZIP Code 74051 of $823 per month is 2% higher than the aggregate Oklahoma median monthly rent of $810, and is 23% lower than the $1,062 the median monthly rent in the U.S. overall. About 68.9% of renters in ZIP Code 74051 pay between $500 and $999 per month for housing. That is 17% higher than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 8.9% of renters in this Ochelata, OK region pay between $1,500 and $1,999 per month for rent.

ZIP Code 74051 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 74051

See the chart below for a comparison of monthly rental costs in ZIP Code 74051, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 74051 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 74051

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

Cost ZIP 74051 Oklahoma U.S.
Less than $500 8.9% 12.6% 9.4%
$500 to $999 68.9% 58.9% 36.2%
$1,000 to $1,499 13.3% 22.6% 30.0%
$1,500 to $1,999 8.9% 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 74051

Renters in ZIP Code 74051 use an estimated 23.7% of their income to cover their monthly rent payments. That is about 16% 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 74051 renters use about 21% less of their income to cover rent expense. Household income figures for ZIP Code 74051 come in higher than in Oklahoma as a whole. The median annual household income in ZIP Code 74051 of $58,917 sits approximately 11% higher than the overall Oklahoma median income of $52,919 and approximately 6% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 74051

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 74051, 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 74051 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 74051

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

Rent Cost as % of Income ZIP 74051 Oklahoma U.S.
Less than 15.0 percent 9.3% 16.9% 13.1%
15.0 to 19.9 percent 41.9% 14.4% 12.9%
20.0 to 24.9 percent 11.6% 13.6% 12.9%
25.0 to 29.9 percent 14.0% 10.8% 11.6%
30.0 to 34.9 percent 9.3% 8.3% 9.1%
35.0 percent or more 14.0% 36.0% 40.5%

Household Income in ZIP Code 74051

See the table below for the regional comparison of annual household income in ZIP Code 74051.

Income ZIP 74051 Oklahoma U.S.
Less than $10,000 5.4% 6.9% 6.0%
$10,000 to $14,999 2.1% 5.1% 4.3%
$15,000 to $24,999 11.4% 10.7% 8.9%
$25,000 to $34,999 6.1% 10.6% 8.9%
$35,000 to $49,999 15.6% 14.1% 12.3%
$50,000 to $74,999 19.7% 18.5% 17.2%
$75,000 to $99,999 17.1% 12.5% 12.7%
$100,000 to $149,999 14.9% 12.7% 15.1%
$150,000 to $199,999 2.6% 4.6% 6.8%
$200,000 or more 5.1% 4.3% 7.7%

Household Income in ZIP Code 74051

See the chart below for a comparison of annual household income figures in ZIP Code 74051, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 74051 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 74051

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 74051.

ZIP 74051 Oklahoma U.S.
Median Housing Rent $823 $810 $1,062
Renter-Occupied Housing Units 8.7% 34.4% 36.0%
Rental Vacancy Rate 17.5% 8.2% 6.0%
Average Size of Renter-Occupied Unit 2.49 2.49 2.49
Average # of Bedrooms Per Unit 3.03 2.73 2.75
Percent of Income Spent on Rent 23.7% 28.24% 29.83%
Per Capita Income $27,389 $28,422 $34,103
Median Household Income $75,188 $72,695 $88,607
Living Below the Poverty Line 11.4% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 74051

In ZIP Code 74051 (Ochelata, OK), and estimated 8.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 17.5%.

The per capita income in 74051 is estimated at $27,389, which goes along with an estimated median household income of $75,188. About 11.4% of residents in this Washington County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.49 occupants, while the units have an aggregate average size of 3.03 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.7% of their income on housing rental costs.

Rental FAQs for ZIP Code 74051

1

What is the median monthly rent in ZIP Code 74051?

Median rent for housing in ZIP Code 74051 in Washington County in Oklahoma is approximately $823 per month.
2

Is it expensive to rent in ZIP Code 74051?

Rent in ZIP Code 74051 is higher than average in the state of Oklahoma overall. The median monthly rent of $823 in ZIP Code 74051 is approximately 2% higher than the Oklahoma median of $810. Additionally, median rent in this Ochelata, OK region ($823) is about 23% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 74051?

High-priced rentals are not common in the Ochelata, OK ZIP Code of 74051, 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 74051?

Affordable rentals are more common in ZIP Code 74051 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 74051 costing $999 or less per month (77.8%) is approximately 9% 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 71% lower than the previously mentioned 74051 rate of 77.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 74051?

The most common range for rental cost in ZIP Code 74051 is between $500 and $999 per month. About 68.9% of renters in 74051 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 74051 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 74051 is higher than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 17.5% in ZIP Code 74051 is about 113% higher than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Ochelata, OK region (17.5%) is an estimated 192% 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 74051? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 74051 is higher than in the state of Oklahoma overall. Annual household income of $58,917 in ZIP Code 74051 is about 11% higher than the Oklahoma median of $52,919. Additionally, median household income in this Ochelata, OK region ($58,917) is approximately 6% 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 74051 spend on housing costs?

Renters in ZIP Code 74051 spend a lower amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 74051 spend an estimated 23.7% of their income on rent payments, which is about 16% 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 21% higher than the ZIP Code 74051 estimated rate of 23.7%.
9

Do renters in ZIP Code 74051 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 74051 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 74051 spending 30 percent or more of their income on rent costs (23.3%) is approximately 47% 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 53% higher than the aforementioned 74051 rate of 23.3%.
10

What is the average household size of renter-occupied units in ZIP Code 74051?

The average household size of renter-occupied units in ZIP Code 74051 is lower than in the state of Oklahoma overall. Annual household size of 2.49 in ZIP Code 74051 is about 0% lower than the Oklahoma median of 2.49. Additionally, median household size in this Ochelata, OK region (2.49) is approximately 0% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes