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Rental Insights for ZIP Code 74741 (Hendrix, OK)

Housing Rentals in ZIP Code 74741 (Hendrix, OK)

74741 ZIP Code in Oklahoma

A Comprehensive Look at Rentals in the ZIP Code 74741

The 74741 ZIP Code is primarily associated with Hendrix, OK in Bryan County. This Oklahoma region has an estimated median housing rent of $625 per month. Approximately 15.2% of housing units in this Bryan County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 5.6%.

The median rent in ZIP Code 74741 of $625 per month is 23% lower than the aggregate Oklahoma median monthly rent of $810, and is 41% lower than the $1,062 the median monthly rent in the U.S. overall. About 44.4% of residents in ZIP Code 74741 pay between $500 and $999 per month for rent. That is 25% lower than in Oklahoma overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Only 27.8% of renters in this Hendrix, OK region pay between $1,000 and $1,499 per month for rent.

ZIP Code 74741 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 74741

See the chart below for a comparison of monthly rental costs in ZIP Code 74741, Oklahoma, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 74741 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 74741

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

Cost ZIP 74741 Oklahoma U.S.
Less than $500 27.8% 12.6% 9.4%
$500 to $999 44.4% 58.9% 36.2%
$1,000 to $1,499 27.8% 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 74741

Renters in ZIP Code 74741 use an estimated 18.06% of their income to cover their monthly rent payments. That is about 36% 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 74741 renters use about 39% less of their income to cover rent expense. Household income figures for ZIP Code 74741 come in higher than in Oklahoma as a whole. The median annual household income in ZIP Code 74741 of $68,824 sits approximately 30% higher than the overall Oklahoma median income of $52,919 and approximately 10% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 74741

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 74741, 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 74741 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 74741

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

Rent Cost as % of Income ZIP 74741 Oklahoma U.S.
Less than 15.0 percent 48.4% 16.9% 13.1%
15.0 to 19.9 percent 22.6% 14.4% 12.9%
20.0 to 24.9 percent 12.9% 13.6% 12.9%
25.0 to 29.9 percent 3.2% 10.8% 11.6%
30.0 to 34.9 percent 0.0% 8.3% 9.1%
35.0 percent or more 12.9% 36.0% 40.5%

Household Income in ZIP Code 74741

See the table below for the regional comparison of annual household income in ZIP Code 74741.

Income ZIP 74741 Oklahoma U.S.
Less than $10,000 5.4% 6.9% 6.0%
$10,000 to $14,999 1.4% 5.1% 4.3%
$15,000 to $24,999 12.2% 10.7% 8.9%
$25,000 to $34,999 9.3% 10.6% 8.9%
$35,000 to $49,999 15.4% 14.1% 12.3%
$50,000 to $74,999 16.5% 18.5% 17.2%
$75,000 to $99,999 21.7% 12.5% 12.7%
$100,000 to $149,999 13.1% 12.7% 15.1%
$150,000 to $199,999 1.1% 4.6% 6.8%
$200,000 or more 3.8% 4.3% 7.7%

Household Income in ZIP Code 74741

See the chart below for a comparison of annual household income figures in ZIP Code 74741, Oklahoma, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 74741 alongside the same figures for the state of Oklahoma and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 74741

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 74741.

ZIP 74741 Oklahoma U.S.
Median Housing Rent $625 $810 $1,062
Renter-Occupied Housing Units 15.2% 34.4% 36.0%
Rental Vacancy Rate 5.6% 8.2% 6.0%
Average Size of Renter-Occupied Unit 3.06 2.49 2.49
Average # of Bedrooms Per Unit 2.8 2.73 2.75
Percent of Income Spent on Rent 18.06% 28.24% 29.83%
Per Capita Income $29,207 $28,422 $34,103
Median Household Income $73,824 $72,695 $88,607
Living Below the Poverty Line 4.2% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 74741

In ZIP Code 74741 (Hendrix, OK), and estimated 15.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.6%.

The per capita income in 74741 is estimated at $29,207, which goes along with an estimated median household income of $73,824. About 4.2% of residents in this Bryan County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.06 occupants, while the units have an aggregate average size of 2.8 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 18.06% of their income on housing rental costs.

Rental FAQs for ZIP Code 74741

1

What is the median monthly rent in ZIP Code 74741?

Median rent for housing in ZIP Code 74741 in Bryan County in Oklahoma is approximately $625 per month.
2

Is it expensive to rent in ZIP Code 74741?

Rent in ZIP Code 74741 is lower than average in the state of Oklahoma overall. The median monthly rent of $625 in ZIP Code 74741 is approximately 23% lower than the Oklahoma median of $810. Additionally, median rent in this Hendrix, OK region ($625) is about 41% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 74741?

High-priced rentals are not common in the Hendrix, OK ZIP Code of 74741, 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 74741?

Affordable rentals are more common in ZIP Code 74741 than in Oklahoma overall. The percentage of housing rentals in ZIP Code 74741 costing $999 or less per month (72.2%) is approximately 1% 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 58% lower than the previously mentioned 74741 rate of 72.2%.
5

What is the most common cost range that rentals fall into in ZIP Code 74741?

The most common range for rental cost in ZIP Code 74741 is between $500 and $999 per month. About 44.4% of renters in 74741 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 74741 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 74741 is lower than the rental vacancy rate in the state of Oklahoma overall. Rental vacancy of 5.6% in ZIP Code 74741 is about 32% lower than the Oklahoma rate of 8.2%. Looking more broadly, rental vacancy in this Hendrix, OK region (5.6%) is an estimated 7% 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 74741? How does it compare to other Oklahoma regions?

Median household income in ZIP Code 74741 is higher than in the state of Oklahoma overall. Annual household income of $68,824 in ZIP Code 74741 is about 30% higher than the Oklahoma median of $52,919. Additionally, median household income in this Hendrix, OK region ($68,824) is approximately 10% higher 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 74741 spend on housing costs?

Renters in ZIP Code 74741 spend a lower amount of their income on rent costs than do renters in Oklahoma overall. Renters in ZIP Code 74741 spend an estimated 18.06% of their income on rent payments, which is about 36% 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 39% higher than the ZIP Code 74741 estimated rate of 18.06%.
9

Do renters in ZIP Code 74741 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 74741 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 74741 spending 30 percent or more of their income on rent costs (12.9%) is approximately 71% 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 74% higher than the aforementioned 74741 rate of 12.9%.
10

What is the average household size of renter-occupied units in ZIP Code 74741?

The average household size of renter-occupied units in ZIP Code 74741 is higher than in the state of Oklahoma overall. Annual household size of 3.06 in ZIP Code 74741 is about 23% higher than the Oklahoma median of 2.49. Additionally, median household size in this Hendrix, OK region (3.06) is approximately 23% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Oklahoma ZIP Codes