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Rental Insights for ZIP Code 74578 (Wilburton, OK)

Housing Rentals in ZIP Code 74578 (Wilburton, OK)

74578 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 74578

The 74578 ZIP Code is primarily associated with Wilburton, OK in Latimer County. This Oklahoma region has an estimated median housing rent of $669 per month. About 33.8% of total housing units in this Latimer County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 5.4%.

The median rent in ZIP Code 74578 of $669 per month is 17% 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. An estimated 72.0% of residents in ZIP Code 74578 have a monthly rent payment between $500 and $999. That is 22% higher than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 4.5% of ZIP Code 74578 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 74578 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 74578

See the chart below for a comparison of monthly rental costs in ZIP Code 74578, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 74578 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 74578

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

Cost ZIP 74578 Oklahoma U.S.
Less than $500 23.6% 12.6% 9.4%
$500 to $999 72.0% 58.9% 36.2%
$1,000 to $1,499 4.5% 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 74578

Renters in ZIP Code 74578 use an estimated 27.72% of their income to cover their monthly rent payments. That is about 2% 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 74578 renters use about 7% less of their income to cover rent expense. Household income figures for ZIP Code 74578 come in lower than in Oklahoma as a whole. The median annual household income in ZIP Code 74578 of $42,633 sits approximately 19% lower than the overall Oklahoma median income of $52,919 and approximately 32% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 74578

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 74578, 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 74578 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 74578

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

Rent Cost as % of Income ZIP 74578 Oklahoma U.S.
Less than 15.0 percent 22.4% 16.9% 13.1%
15.0 to 19.9 percent 11.0% 14.4% 12.9%
20.0 to 24.9 percent 12.8% 13.6% 12.9%
25.0 to 29.9 percent 9.0% 10.8% 11.6%
30.0 to 34.9 percent 8.4% 8.3% 9.1%
35.0 percent or more 36.4% 36.0% 40.5%

Household Income in ZIP Code 74578

See the table below for the regional comparison of annual household income in ZIP Code 74578.

Income ZIP 74578 Oklahoma U.S.
Less than $10,000 8.1% 6.9% 6.0%
$10,000 to $14,999 6.6% 5.1% 4.3%
$15,000 to $24,999 18.2% 10.7% 8.9%
$25,000 to $34,999 11.3% 10.6% 8.9%
$35,000 to $49,999 14.1% 14.1% 12.3%
$50,000 to $74,999 16.3% 18.5% 17.2%
$75,000 to $99,999 11.1% 12.5% 12.7%
$100,000 to $149,999 8.8% 12.7% 15.1%
$150,000 to $199,999 2.9% 4.6% 6.8%
$200,000 or more 2.7% 4.3% 7.7%

Household Income in ZIP Code 74578

See the chart below for a comparison of annual household income figures in ZIP Code 74578, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 74578 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 74578

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 74578.

ZIP 74578 Oklahoma U.S.
Median Housing Rent $669 $810 $1,062
Renter-Occupied Housing Units 33.8% 34.4% 36.0%
Rental Vacancy Rate 5.4% 8.2% 6.0%
Average Size of Renter-Occupied Unit 2.71 2.49 2.49
Average # of Bedrooms Per Unit 2.75 2.73 2.75
Percent of Income Spent on Rent 27.72% 28.24% 29.83%
Per Capita Income $24,948 $28,422 $34,103
Median Household Income $61,230 $72,695 $88,607
Living Below the Poverty Line 15.7% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 74578

In ZIP Code 74578 (Wilburton, OK), and estimated 33.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.4%.

The per capita income in 74578 is estimated at $24,948, which goes along with an estimated median household income of $61,230. About 15.7% of residents in this Latimer County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.71 occupants, while the units have an aggregate average size of 2.75 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.72% of their income on housing rental costs.

Rental FAQs for ZIP Code 74578

1

What is the median monthly rent in ZIP Code 74578?

Median rent for housing in ZIP Code 74578 in Latimer County in Oklahoma is approximately $669 per month.
2

Is it expensive to rent in ZIP Code 74578?

Rent in ZIP Code 74578 is lower than average in the state of Oklahoma overall. The median monthly rent of $669 in ZIP Code 74578 is approximately 17% lower than the Oklahoma median of $810. Additionally, median rent in this Wilburton, OK region ($669) 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 74578?

High-priced rentals are not common in the Wilburton, OK ZIP Code of 74578, 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 74578?

Affordable rentals are more common in ZIP Code 74578 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 74578 costing $999 or less per month (95.6%) is approximately 34% 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 110% lower than the previously mentioned 74578 rate of 95.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 74578?

The most common range for rental cost in ZIP Code 74578 is between $500 and $999 per month. About 72.0% of renters in 74578 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 74578 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 74578 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 5.4% in ZIP Code 74578 is about 34% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Wilburton, OK region (5.4%) is an estimated 10% 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 74578? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 74578 is lower than in the state of Oklahoma overall. Annual household income of $42,633 in ZIP Code 74578 is about 19% lower than the Oklahoma median of $52,919. Additionally, median household income in this Wilburton, OK region ($42,633) is approximately 32% 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 74578 spend on housing costs?

Renters in ZIP Code 74578 spend a lower amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 74578 spend an estimated 27.72% of their income on rent payments, which is about 2% 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 7% higher than the ZIP Code 74578 estimated rate of 27.72%.
9

Do renters in ZIP Code 74578 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 74578 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 74578 spending 30 percent or more of their income on rent costs (44.8%) is approximately 1% 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 10% higher than the aforementioned 74578 rate of 44.8%.
10

What is the average household size of renter-occupied units in ZIP Code 74578?

The average household size of renter-occupied units in ZIP Code 74578 is higher than in the state of Oklahoma overall. Annual household size of 2.71 in ZIP Code 74578 is about 9% higher than the Oklahoma median of 2.49. Additionally, median household size in this Wilburton, OK region (2.71) is approximately 9% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes