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Rental Insights for ZIP Code 89431 (Sparks, NV)

Housing Rentals in ZIP Code 89431 (Sparks, NV)

89431 ZIP Code in Nevada

Everything to Know About Rentals in the U.S. ZIP Code 89431

ZIP Code 89431 is primarily associated with Sparks, NV in Washoe County. The median housing rent in this region or Nevada is estimated at $899 per month. About 56.9% of housing units in the region are renter-occupied, and this Washoe County ZIP Code has an approximate rental vacancy rate of 4.8%.

The median rent in ZIP Code 89431 of $899 per month is 19% lower than the aggregate Nevada median monthly rent of $1,107, and is 15% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 57.2% of renters in ZIP Code 89431 pay between $500 and $999 per month for housing. That is 58% higher than in Nevada overall, in which 36.2% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 89431 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 89431

See the chart below for a comparison of monthly rental costs in ZIP Code 89431, Nevada, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 89431 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 89431

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

Cost ZIP 89431 Nevada U.S.
Less than $500 3.9% 3.8% 9.4%
$500 to $999 57.2% 36.2% 36.2%
$1,000 to $1,499 30.5% 40.1% 30.0%
$1,500 to $1,999 8.0% 15.2% 14.0%
$2,000 to $2,499 0.4% 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 89431

Renters in ZIP Code 89431 use an estimated 30.44% of their income to cover their monthly rent payments. That is about 2% higher 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 89431 renters use about 2% more of their income to cover rent expense. Household income figures for ZIP Code 89431 come in lower than in Nevada as a whole. The median annual household income in ZIP Code 89431 of $45,722 sits approximately 24% lower than the overall Nevada median income of $60,365 and approximately 27% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 89431

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 89431, 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 89431 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 89431

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

Rent Cost as % of Income ZIP 89431 Nevada U.S.
Less than 15.0 percent 9.1% 11.9% 13.1%
15.0 to 19.9 percent 14.6% 13.6% 12.9%
20.0 to 24.9 percent 13.0% 13.3% 12.9%
25.0 to 29.9 percent 12.4% 11.6% 11.6%
30.0 to 34.9 percent 9.5% 9.2% 9.1%
35.0 percent or more 41.3% 40.4% 40.5%

Household Income in ZIP Code 89431

See the table below for the regional comparison of annual household income in ZIP Code 89431.

Income ZIP 89431 Nevada U.S.
Less than $10,000 5.8% 6.0% 6.0%
$10,000 to $14,999 4.4% 3.7% 4.3%
$15,000 to $24,999 14.2% 8.8% 8.9%
$25,000 to $34,999 12.9% 9.4% 8.9%
$35,000 to $49,999 16.2% 13.7% 12.3%
$50,000 to $74,999 20.6% 18.7% 17.2%
$75,000 to $99,999 12.3% 13.7% 12.7%
$100,000 to $149,999 9.7% 14.9% 15.1%
$150,000 to $199,999 2.1% 5.8% 6.8%
$200,000 or more 1.7% 5.4% 7.7%

Household Income in ZIP Code 89431

See the chart below for a comparison of annual household income figures in ZIP Code 89431, Nevada, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 89431 alongside the same figures for the state of Nevada and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 89431

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 89431.

ZIP 89431 Nevada U.S.
Median Housing Rent $899 $1,107 $1,062
Renter-Occupied Housing Units 56.9% 43.7% 36.0%
Rental Vacancy Rate 4.8% 7.9% 6.0%
Average Size of Renter-Occupied Unit 2.46 2.61 2.49
Average # of Bedrooms Per Unit 2.28 2.74 2.75
Percent of Income Spent on Rent 30.44% 29.91% 29.83%
Per Capita Income $23,720 $31,557 $34,103
Median Household Income $60,586 $81,496 $88,607
Living Below the Poverty Line 13.7% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 89431

In ZIP Code 89431 (Sparks, NV), and estimated 56.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.8%.

The per capita income in 89431 is estimated at $23,720, which goes along with an estimated median household income of $60,586. About 13.7% of residents in this Washoe County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.46 occupants, while the units have an aggregate average size of 2.28 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.44% of their income on housing rental costs.

Rental FAQs for ZIP Code 89431

1

What is the median monthly rent in ZIP Code 89431?

Median rent for housing in ZIP Code 89431 in Washoe County in Nevada is approximately $899 per month.
2

Is it expensive to rent in ZIP Code 89431?

Rent in ZIP Code 89431 is lower than average in the state of Nevada overall. The median monthly rent of $899 in ZIP Code 89431 is approximately 19% lower than the Nevada median of $1,107. Additionally, median rent in this Sparks, NV region ($899) is about 15% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 89431?

High-priced rentals are not common in the Sparks, NV ZIP Code of 89431, 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 89431?

Affordable rentals are more common in ZIP Code 89431 than in Nevada overall. The percentage of housing rentals in ZIP Code 89431 costing $999 or less per month (61.1%) is approximately 53% higher 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 34% lower than the previously mentioned 89431 rate of 61.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 89431?

The most common range for rental cost in ZIP Code 89431 is between $500 and $999 per month. About 57.2% of renters in 89431 pay in this range for monthly rent. In comparison, approximately 36.2% of renters in the state of Nevada fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 89431 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 89431 is lower than the rental vacancy rate in the state of Nevada overall. Rental vacancy of 4.8% in ZIP Code 89431 is about 39% lower than the Nevada rate of 7.9%. Looking more broadly, rental vacancy in this Sparks, NV region (4.8%) is an estimated 20% 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 89431? How does it compare to other Nevada regions?

Median household income in ZIP Code 89431 is lower than in the state of Nevada overall. Annual household income of $45,722 in ZIP Code 89431 is about 24% lower than the Nevada median of $60,365. Additionally, median household income in this Sparks, NV region ($45,722) is approximately 27% 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 89431 spend on housing costs?

Renters in ZIP Code 89431 spend a higher amount of their income on rent costs than do renters in Nevada overall. Renters in ZIP Code 89431 spend an estimated 30.44% of their income on rent payments, which is about 2% higher 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 2% lower than the ZIP Code 89431 estimated rate of 30.44%.
9

Do renters in ZIP Code 89431 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 89431 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 89431 spending 30 percent or more of their income on rent costs (50.8%) is approximately 2% higher 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 2% lower than the aforementioned 89431 rate of 50.8%.
10

What is the average household size of renter-occupied units in ZIP Code 89431?

The average household size of renter-occupied units in ZIP Code 89431 is lower than in the state of Nevada overall. Annual household size of 2.46 in ZIP Code 89431 is about 6% lower than the Nevada median of 2.61. Additionally, median household size in this Sparks, NV region (2.46) is approximately 1% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Nevada ZIP Codes