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Rental Insights for ZIP Code 89423 (Minden, NV)

Housing Rentals in ZIP Code 89423 (Minden, NV)

89423 ZIP Code in Nevada

Everything to Know About Rentals in the U.S. ZIP Code 89423

ZIP Code 89423 is primarily associated with Minden, NV in Douglas County. The median housing rent in this region or Nevada is estimated at $1,386 per month. About 15.8% of housing units in the region are renter-occupied, and this Douglas County ZIP Code has an approximate rental vacancy rate of 4.1%.

The median rent in ZIP Code 89423 of $1,386 per month is 25% higher than the aggregate Nevada median monthly rent of $1,107, and is 31% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 51.0% of residents in ZIP Code 89423 pay between $1,000 and $1,499 per month for rent. That is 27% higher than in Nevada overall, in which 40.1% of total state residents pay between $1,000 and $1,499 per month for housing.

ZIP Code 89423 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 89423

See the chart below for a comparison of monthly rental costs in ZIP Code 89423, Nevada, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 89423 along with those in the state of Nevada and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 89423

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

Cost ZIP 89423 Nevada U.S.
Less than $500 1.9% 3.8% 9.4%
$500 to $999 4.7% 36.2% 36.2%
$1,000 to $1,499 51.0% 40.1% 30.0%
$1,500 to $1,999 29.7% 15.2% 14.0%
$2,000 to $2,499 12.7% 3.4% 5.6%
$2,500 to $2,999 0.0% 0.8% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 89423

Renters in ZIP Code 89423 use an estimated 27.47% of their income to cover their monthly rent payments. That is about 8% lower than in Nevada overall. The estimate for Nevada overall is 29.91% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 89423 renters use about 8% less of their income to cover rent expense. Household income figures for ZIP Code 89423 come in higher than in Nevada as a whole. The median annual household income in ZIP Code 89423 of $76,906 sits approximately 27% higher than the overall Nevada median income of $60,365 and approximately 22% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 89423

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 89423, Nevada, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 89423 along with the same calculations in the state of Nevada 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 89423

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

Rent Cost as % of Income ZIP 89423 Nevada U.S.
Less than 15.0 percent 17.5% 11.9% 13.1%
15.0 to 19.9 percent 7.7% 13.6% 12.9%
20.0 to 24.9 percent 14.8% 13.3% 12.9%
25.0 to 29.9 percent 18.9% 11.6% 11.6%
30.0 to 34.9 percent 16.2% 9.2% 9.1%
35.0 percent or more 24.9% 40.4% 40.5%

Household Income in ZIP Code 89423

See the table below for the regional comparison of annual household income in ZIP Code 89423.

Income ZIP 89423 Nevada U.S.
Less than $10,000 4.7% 6.0% 6.0%
$10,000 to $14,999 2.2% 3.7% 4.3%
$15,000 to $24,999 2.7% 8.8% 8.9%
$25,000 to $34,999 8.7% 9.4% 8.9%
$35,000 to $49,999 11.4% 13.7% 12.3%
$50,000 to $74,999 19.0% 18.7% 17.2%
$75,000 to $99,999 17.6% 13.7% 12.7%
$100,000 to $149,999 19.4% 14.9% 15.1%
$150,000 to $199,999 8.7% 5.8% 6.8%
$200,000 or more 5.6% 5.4% 7.7%

Household Income in ZIP Code 89423

See the chart below for a comparison of annual household income figures in ZIP Code 89423, Nevada, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 89423 alongside the same figures for the state of Nevada and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 89423

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 89423.

ZIP 89423 Nevada U.S.
Median Housing Rent $1,386 $1,107 $1,062
Renter-Occupied Housing Units 15.8% 43.7% 36.0%
Rental Vacancy Rate 4.1% 7.9% 6.0%
Average Size of Renter-Occupied Unit 2.28 2.61 2.49
Average # of Bedrooms Per Unit 3.1 2.74 2.75
Percent of Income Spent on Rent 27.47% 29.91% 29.83%
Per Capita Income $42,033 $31,557 $34,103
Median Household Income $93,850 $81,496 $88,607
Living Below the Poverty Line 5.5% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 89423

In ZIP Code 89423 (Minden, NV), and estimated 15.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.1%.

The per capita income in 89423 is estimated at $42,033, which goes along with an estimated median household income of $93,850. About 5.5% of residents in this Douglas County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.28 occupants, while the units have an aggregate average size of 3.1 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.47% of their income on housing rental costs.

Rental FAQs for ZIP Code 89423

1

What is the median monthly rent in ZIP Code 89423?

Median rent for housing in ZIP Code 89423 in Douglas County in Nevada is approximately $1,386 per month.
2

Is it expensive to rent in ZIP Code 89423?

Rent in ZIP Code 89423 is higher than average in the state of Nevada overall. The median monthly rent of $1,386 in ZIP Code 89423 is approximately 25% higher than the Nevada median of $1,107. Additionally, median rent in this Minden, NV region ($1,386) is about 31% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 89423?

High-priced rentals are not common in the Minden, NV ZIP Code of 89423, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Nevada 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 89423?

Affordable rentals are less common in ZIP Code 89423 than in Nevada overall. The percentage of housing rentals in ZIP Code 89423 costing $999 or less per month (6.6%) is approximately 84% lower than the Nevada rate of 40% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 86% higher than the previously mentioned 89423 rate of 6.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 89423?

The most common range for rental cost in ZIP Code 89423 is between $1,000 and $1,499 per month. About 51.0% of renters in 89423 pay in this range for monthly rent. In comparison, approximately 40.1% of renters in the state of Nevada fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 89423 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 89423 is lower than the rental vacancy rate in the state of Nevada overall. Rental vacancy of 4.1% in ZIP Code 89423 is about 48% lower than the Nevada rate of 7.9%. Looking more broadly, rental vacancy in this Minden, NV region (4.1%) is an estimated 32% 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 89423? How does it compare to other Nevada regions?

Median household income in ZIP Code 89423 is higher than in the state of Nevada overall. Annual household income of $76,906 in ZIP Code 89423 is about 27% higher than the Nevada median of $60,365. Additionally, median household income in this Minden, NV region ($76,906) is approximately 22% 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 89423 spend on housing costs?

Renters in ZIP Code 89423 spend a lower amount of their income on rent costs than do renters in Nevada overall. Renters in ZIP Code 89423 spend an estimated 27.47% of their income on rent payments, which is about 8% lower than the overall Nevada estimated rate of 29.91%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 8% higher than the ZIP Code 89423 estimated rate of 27.47%.
9

Do renters in ZIP Code 89423 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 89423 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 89423 spending 30 percent or more of their income on rent costs (41.1%) is approximately 17% lower than the Nevada rate of 49.6% 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 17% higher than the aforementioned 89423 rate of 41.1%.
10

What is the average household size of renter-occupied units in ZIP Code 89423?

The average household size of renter-occupied units in ZIP Code 89423 is lower than in the state of Nevada overall. Annual household size of 2.28 in ZIP Code 89423 is about 13% lower than the Nevada median of 2.61. Additionally, median household size in this Minden, NV region (2.28) is approximately 8% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Nevada ZIP Codes