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Rental Insights for ZIP Code 74364 (Rose, OK)

Housing Rentals in ZIP Code 74364 (Rose, OK)

74364 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 74364

The 74364 ZIP Code is primarily associated with Rose, OK in Mayes County. This Oklahoma region has an estimated median housing rent of $447 per month. Approximately 16.8% of housing units in the region are renter-occupied, and this this Mayes County ZIP Code has an estimated rental vacancy rate of 6.0%.

The median rent in ZIP Code 74364 of $447 per month is 45% lower than the aggregate Oklahoma median monthly rent of $810, and is 58% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 53.7% of residents in ZIP Code 74364 have a monthly rent payment less than $500. That is 326% higher than in Oklahoma overall, in which 12.6% of total state residents pay less than $500 per month for housing. Only 8.5% of ZIP Code 74364 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 74364 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 74364

See the chart below for a comparison of monthly rental costs in ZIP Code 74364, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 74364 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 74364

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

Cost ZIP 74364 Oklahoma U.S.
Less than $500 53.7% 12.6% 9.4%
$500 to $999 37.8% 58.9% 36.2%
$1,000 to $1,499 8.5% 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 74364

Renters in ZIP Code 74364 use an estimated 24.91% of their income to cover their monthly rent payments. That is about 12% 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 74364 renters use about 16% less of their income to cover rent expense. Household income figures for ZIP Code 74364 come in lower than in Oklahoma as a whole. The median annual household income in ZIP Code 74364 of $40,100 sits approximately 24% lower than the overall Oklahoma median income of $52,919 and approximately 36% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 74364

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 74364, 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 74364 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 74364

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

Rent Cost as % of Income ZIP 74364 Oklahoma U.S.
Less than 15.0 percent 2.6% 16.9% 13.1%
15.0 to 19.9 percent 59.7% 14.4% 12.9%
20.0 to 24.9 percent 5.2% 13.6% 12.9%
25.0 to 29.9 percent 2.6% 10.8% 11.6%
30.0 to 34.9 percent 3.9% 8.3% 9.1%
35.0 percent or more 26.0% 36.0% 40.5%

Household Income in ZIP Code 74364

See the table below for the regional comparison of annual household income in ZIP Code 74364.

Income ZIP 74364 Oklahoma U.S.
Less than $10,000 6.8% 6.9% 6.0%
$10,000 to $14,999 5.7% 5.1% 4.3%
$15,000 to $24,999 12.7% 10.7% 8.9%
$25,000 to $34,999 20.1% 10.6% 8.9%
$35,000 to $49,999 13.9% 14.1% 12.3%
$50,000 to $74,999 12.2% 18.5% 17.2%
$75,000 to $99,999 19.5% 12.5% 12.7%
$100,000 to $149,999 7.1% 12.7% 15.1%
$150,000 to $199,999 0.8% 4.6% 6.8%
$200,000 or more 1.1% 4.3% 7.7%

Household Income in ZIP Code 74364

See the chart below for a comparison of annual household income figures in ZIP Code 74364, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 74364 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 74364

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 74364.

ZIP 74364 Oklahoma U.S.
Median Housing Rent $447 $810 $1,062
Renter-Occupied Housing Units 16.8% 34.4% 36.0%
Rental Vacancy Rate 6.0% 8.2% 6.0%
Average Size of Renter-Occupied Unit 2.12 2.49 2.49
Average # of Bedrooms Per Unit 2.77 2.73 2.75
Percent of Income Spent on Rent 24.91% 28.24% 29.83%
Per Capita Income $21,478 $28,422 $34,103
Median Household Income $54,459 $72,695 $88,607
Living Below the Poverty Line 16.4% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 74364

In ZIP Code 74364 (Rose, OK), and estimated 16.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.0%.

The per capita income in 74364 is estimated at $21,478, which goes along with an estimated median household income of $54,459. About 16.4% of residents in this Mayes County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.12 occupants, while the units have an aggregate average size of 2.77 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.91% of their income on housing rental costs.

Rental FAQs for ZIP Code 74364

1

What is the median monthly rent in ZIP Code 74364?

Median rent for housing in ZIP Code 74364 in Mayes County in Oklahoma is approximately $447 per month.
2

Is it expensive to rent in ZIP Code 74364?

Rent in ZIP Code 74364 is lower than average in the state of Oklahoma overall. The median monthly rent of $447 in ZIP Code 74364 is approximately 45% lower than the Oklahoma median of $810. Additionally, median rent in this Rose, OK region ($447) is about 58% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 74364?

High-priced rentals are not common in the Rose, OK ZIP Code of 74364, 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 74364?

Affordable rentals are more common in ZIP Code 74364 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 74364 costing $999 or less per month (91.5%) is approximately 28% 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 101% lower than the previously mentioned 74364 rate of 91.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 74364?

The most common range for rental cost in ZIP Code 74364 is less than $500 per month. About 53.7% of renters in 74364 pay in this range for monthly rent. In comparison, approximately 12.6% of renters in the state of Oklahoma fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 74364 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 74364 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 6.0% in ZIP Code 74364 is about 27% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Rose, 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 74364? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 74364 is lower than in the state of Oklahoma overall. Annual household income of $40,100 in ZIP Code 74364 is about 24% lower than the Oklahoma median of $52,919. Additionally, median household income in this Rose, OK region ($40,100) is approximately 36% 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 74364 spend on housing costs?

Renters in ZIP Code 74364 spend a lower amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 74364 spend an estimated 24.91% of their income on rent payments, which is about 12% 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 16% higher than the ZIP Code 74364 estimated rate of 24.91%.
9

Do renters in ZIP Code 74364 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 74364 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 74364 spending 30 percent or more of their income on rent costs (29.9%) is approximately 33% 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 40% higher than the aforementioned 74364 rate of 29.9%.
10

What is the average household size of renter-occupied units in ZIP Code 74364?

The average household size of renter-occupied units in ZIP Code 74364 is lower than in the state of Oklahoma overall. Annual household size of 2.12 in ZIP Code 74364 is about 15% lower than the Oklahoma median of 2.49. Additionally, median household size in this Rose, OK region (2.12) is approximately 15% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes