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Rental Insights for ZIP Code 83624 (Grand View, ID)

Housing Rentals in ZIP Code 83624 (Grand View, ID)

83624 ZIP Code in Idaho

Everything to Know About Rentals in the U.S. ZIP Code 83624

ZIP Code 83624 is primarily associated with Grand View, ID in Owyhee County. The estimated median housing rent in this Idaho region is $541 per month. Approximately 45.7% of housing units in this Owyhee County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of zero.

The median rent in ZIP Code 83624 of $541 per month is 37% lower than the aggregate Idaho median monthly rent of $853, and is 49% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 75.4% of residents in ZIP Code 83624 pay between $500 and $999 per month for rent. That is 39% higher than in Idaho overall, in which 54.2% of total state residents pay between $500 and $999 per month for housing. Just 4.3% of renters in this Grand View, ID region pay between $1,000 and $1,499 for monthly rent.

ZIP Code 83624 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 83624

See the chart below for a comparison of monthly rental costs in ZIP Code 83624, Idaho, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 83624 along with those in the state of Idaho and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 83624

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

Cost ZIP 83624 Idaho U.S.
Less than $500 20.3% 12.2% 9.4%
$500 to $999 75.4% 54.2% 36.2%
$1,000 to $1,499 4.3% 26.2% 30.0%
$1,500 to $1,999 0.0% 5.3% 14.0%
$2,000 to $2,499 0.0% 1.1% 5.6%
$2,500 to $2,999 0.0% 0.4% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 83624

Renters in ZIP Code 83624 use an estimated 23.01% of their income to cover their monthly rent payments. That is about 20% lower than in Idaho overall. The estimate for Idaho overall is 28.9% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 83624 renters use about 23% less of their income to cover rent expense. Household income figures for ZIP Code 83624 come in lower than in Idaho as a whole. The median annual household income in ZIP Code 83624 of $48,050 sits approximately 14% lower than the overall Idaho median income of $55,785 and approximately 24% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 83624

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 83624, Idaho, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 83624 along with the same calculations in the state of Idaho 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 83624

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

Rent Cost as % of Income ZIP 83624 Idaho U.S.
Less than 15.0 percent 29.4% 14.9% 13.1%
15.0 to 19.9 percent 16.2% 14.0% 12.9%
20.0 to 24.9 percent 20.6% 13.5% 12.9%
25.0 to 29.9 percent 5.9% 11.4% 11.6%
30.0 to 34.9 percent 8.8% 8.5% 9.1%
35.0 percent or more 19.1% 37.7% 40.5%

Household Income in ZIP Code 83624

See the table below for the regional comparison of annual household income in ZIP Code 83624.

Income ZIP 83624 Idaho U.S.
Less than $10,000 4.4% 5.7% 6.0%
$10,000 to $14,999 1.5% 4.4% 4.3%
$15,000 to $24,999 5.2% 9.8% 8.9%
$25,000 to $34,999 20.1% 10.3% 8.9%
$35,000 to $49,999 22.6% 14.3% 12.3%
$50,000 to $74,999 18.0% 20.2% 17.2%
$75,000 to $99,999 5.9% 12.9% 12.7%
$100,000 to $149,999 11.3% 13.8% 15.1%
$150,000 to $199,999 0.0% 4.6% 6.8%
$200,000 or more 11.1% 4.0% 7.7%

Household Income in ZIP Code 83624

See the chart below for a comparison of annual household income figures in ZIP Code 83624, Idaho, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 83624 alongside the same figures for the state of Idaho and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 83624

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 83624.

ZIP 83624 Idaho U.S.
Median Housing Rent $541 $853 $1,062
Renter-Occupied Housing Units 45.7% 30.0% 36.0%
Rental Vacancy Rate 0.0% 5.1% 6.0%
Average Size of Renter-Occupied Unit 2.62 2.54 2.49
Average # of Bedrooms Per Unit 3.21 3.01 2.75
Percent of Income Spent on Rent 23.01% 28.9% 29.83%
Per Capita Income $33,624 $27,970 $34,103
Median Household Income $92,032 $73,810 $88,607
Living Below the Poverty Line 7.7% 9.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 83624

In ZIP Code 83624 (Grand View, ID), and estimated 45.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 83624 is estimated at $33,624, which goes along with an estimated median household income of $92,032. About 7.7% of residents in this Owyhee County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.62 occupants, while the units have an aggregate average size of 3.21 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.01% of their income on housing rental costs.

Rental FAQs for ZIP Code 83624

1

What is the median monthly rent in ZIP Code 83624?

Median rent for housing in ZIP Code 83624 in Owyhee County in Idaho is approximately $541 per month.
2

Is it expensive to rent in ZIP Code 83624?

Rent in ZIP Code 83624 is lower than average in the state of Idaho overall. The median monthly rent of $541 in ZIP Code 83624 is approximately 37% lower than the Idaho median of $853. Additionally, median rent in this Grand View, ID region ($541) is about 49% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 83624?

High-priced rentals are not common in the Grand View, ID ZIP Code of 83624, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Idaho overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 83624?

Affordable rentals are more common in ZIP Code 83624 than in Idaho overall. The percentage of housing rentals in ZIP Code 83624 costing $999 or less per month (95.7%) is approximately 44% higher than the Idaho rate of 66.4% 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 83624 rate of 95.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 83624?

The most common range for rental cost in ZIP Code 83624 is between $500 and $999 per month. About 75.4% of renters in 83624 pay in this range for monthly rent. In comparison, approximately 54.2% of renters in the state of Idaho fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 83624 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 83624 is lower than the rental vacancy rate in the state of Idaho overall. Rental vacancy of 0.0% in ZIP Code 83624 is about 100% lower than the Idaho rate of 5.1%. Looking more broadly, rental vacancy in this Grand View, ID region (0.0%) is an estimated 100% 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 83624? How does it compare to other Idaho regions?

Median household income in ZIP Code 83624 is lower than in the state of Idaho overall. Annual household income of $48,050 in ZIP Code 83624 is about 14% lower than the Idaho median of $55,785. Additionally, median household income in this Grand View, ID region ($48,050) is approximately 24% 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 83624 spend on housing costs?

Renters in ZIP Code 83624 spend a lower amount of their income on rent costs than do renters in Idaho overall. Renters in ZIP Code 83624 spend an estimated 23.01% of their income on rent payments, which is about 20% lower than the overall Idaho estimated rate of 28.9%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 23% higher than the ZIP Code 83624 estimated rate of 23.01%.
9

Do renters in ZIP Code 83624 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 83624 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 83624 spending 30 percent or more of their income on rent costs (27.9%) is approximately 40% lower than the Idaho rate of 46.2% 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 44% higher than the aforementioned 83624 rate of 27.9%.
10

What is the average household size of renter-occupied units in ZIP Code 83624?

The average household size of renter-occupied units in ZIP Code 83624 is higher than in the state of Idaho overall. Annual household size of 2.62 in ZIP Code 83624 is about 3% higher than the Idaho median of 2.54. Additionally, median household size in this Grand View, ID region (2.62) is approximately 5% higher than median household size of 2.49 in the U.S. as a whole.