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Rental Insights for ZIP Code 74347 (Kansas, OK)

Housing Rentals in ZIP Code 74347 (Kansas, OK)

74347 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 74347

The 74347 ZIP Code is primarily associated with Kansas, OK in Delaware County. This Oklahoma region has an estimated median housing rent of $667 per month. Approximately 22.9% of housing units in the region are renter-occupied, and this this Delaware County ZIP Code has an estimated rental vacancy rate of 1.8%.

The median rent in ZIP Code 74347 of $667 per month is 18% lower than the aggregate Oklahoma median monthly rent of $810, and is 37% lower than the $1,062 the median monthly rent in the U.S. overall. About 82.4% of residents in ZIP Code 74347 pay between $500 and $999 per month for rent. That is 40% higher than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Only 3.8% of ZIP Code 74347 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 74347 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 74347

See the chart below for a comparison of monthly rental costs in ZIP Code 74347, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 74347 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 74347

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

Cost ZIP 74347 Oklahoma U.S.
Less than $500 7.7% 12.6% 9.4%
$500 to $999 82.4% 58.9% 36.2%
$1,000 to $1,499 3.8% 22.6% 30.0%
$1,500 to $1,999 6.0% 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 74347

Renters in ZIP Code 74347 use an estimated 23.18% of their income to cover their monthly rent payments. That is about 18% 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 74347 renters use about 22% less of their income to cover rent expense. Household income figures for ZIP Code 74347 come in lower than in Oklahoma as a whole. The median annual household income in ZIP Code 74347 of $39,302 sits approximately 26% lower than the overall Oklahoma median income of $52,919 and approximately 37% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 74347

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 74347, 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 74347 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 74347

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

Rent Cost as % of Income ZIP 74347 Oklahoma U.S.
Less than 15.0 percent 26.2% 16.9% 13.1%
15.0 to 19.9 percent 25.6% 14.4% 12.9%
20.0 to 24.9 percent 13.1% 13.6% 12.9%
25.0 to 29.9 percent 4.8% 10.8% 11.6%
30.0 to 34.9 percent 10.7% 8.3% 9.1%
35.0 percent or more 19.6% 36.0% 40.5%

Household Income in ZIP Code 74347

See the table below for the regional comparison of annual household income in ZIP Code 74347.

Income ZIP 74347 Oklahoma U.S.
Less than $10,000 8.8% 6.9% 6.0%
$10,000 to $14,999 8.4% 5.1% 4.3%
$15,000 to $24,999 14.6% 10.7% 8.9%
$25,000 to $34,999 14.0% 10.6% 8.9%
$35,000 to $49,999 10.6% 14.1% 12.3%
$50,000 to $74,999 20.8% 18.5% 17.2%
$75,000 to $99,999 8.4% 12.5% 12.7%
$100,000 to $149,999 10.6% 12.7% 15.1%
$150,000 to $199,999 3.1% 4.6% 6.8%
$200,000 or more 0.9% 4.3% 7.7%

Household Income in ZIP Code 74347

See the chart below for a comparison of annual household income figures in ZIP Code 74347, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 74347 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 74347

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 74347.

ZIP 74347 Oklahoma U.S.
Median Housing Rent $667 $810 $1,062
Renter-Occupied Housing Units 22.9% 34.4% 36.0%
Rental Vacancy Rate 1.8% 8.2% 6.0%
Average Size of Renter-Occupied Unit 3.39 2.49 2.49
Average # of Bedrooms Per Unit 2.63 2.73 2.75
Percent of Income Spent on Rent 23.18% 28.24% 29.83%
Per Capita Income $21,323 $28,422 $34,103
Median Household Income $53,534 $72,695 $88,607
Living Below the Poverty Line 17.7% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 74347

In ZIP Code 74347 (Kansas, OK), and estimated 22.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.8%.

The per capita income in 74347 is estimated at $21,323, which goes along with an estimated median household income of $53,534. About 17.7% of residents in this Delaware County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.39 occupants, while the units have an aggregate average size of 2.63 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.18% of their income on housing rental costs.

Rental FAQs for ZIP Code 74347

1

What is the median monthly rent in ZIP Code 74347?

Median rent for housing in ZIP Code 74347 in Delaware County in Oklahoma is approximately $667 per month.
2

Is it expensive to rent in ZIP Code 74347?

Rent in ZIP Code 74347 is lower than average in the state of Oklahoma overall. The median monthly rent of $667 in ZIP Code 74347 is approximately 18% lower than the Oklahoma median of $810. Additionally, median rent in this Kansas, OK region ($667) is about 37% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 74347?

High-priced rentals are not common in the Kansas, OK ZIP Code of 74347, 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 74347?

Affordable rentals are more common in ZIP Code 74347 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 74347 costing $999 or less per month (90.1%) 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 74347 rate of 90.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 74347?

The most common range for rental cost in ZIP Code 74347 is between $500 and $999 per month. About 82.4% of renters in 74347 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 74347 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 74347 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 1.8% in ZIP Code 74347 is about 78% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Kansas, OK region (1.8%) is an estimated 70% 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 74347? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 74347 is lower than in the state of Oklahoma overall. Annual household income of $39,302 in ZIP Code 74347 is about 26% lower than the Oklahoma median of $52,919. Additionally, median household income in this Kansas, OK region ($39,302) is approximately 37% 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 74347 spend on housing costs?

Renters in ZIP Code 74347 spend a lower amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 74347 spend an estimated 23.18% of their income on rent payments, which is about 18% 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 22% higher than the ZIP Code 74347 estimated rate of 23.18%.
9

Do renters in ZIP Code 74347 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 74347 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 74347 spending 30 percent or more of their income on rent costs (30.3%) is approximately 32% 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 39% higher than the aforementioned 74347 rate of 30.3%.
10

What is the average household size of renter-occupied units in ZIP Code 74347?

The average household size of renter-occupied units in ZIP Code 74347 is higher than in the state of Oklahoma overall. Annual household size of 3.39 in ZIP Code 74347 is about 36% higher than the Oklahoma median of 2.49. Additionally, median household size in this Kansas, OK region (3.39) is approximately 36% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes