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Rental Insights for ZIP Code 75040 (Garland, TX)

Housing Rentals in ZIP Code 75040 (Garland, TX)

75040 ZIP Code in Texas

A Comprehensive Look at Rentals in the ZIP Code 75040

The 75040 ZIP Code is primarily associated with Garland, TX in Dallas County. The median housing rent payment in this region of Texas is $1,223 per month. About 30.1% of housing units in this Dallas County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 4.5%.

The median rent in ZIP Code 75040 of $1,223 per month is 17% higher than the aggregate Texas median monthly rent of $1,045, and is 15% higher than the $1,062 the median monthly rent in the U.S. overall. About 48.3% of residents in ZIP Code 75040 pay between $1,000 and $1,499 per month for rent. That is 38% higher than in Texas overall, in which 35.0% of total state residents pay between $1,000 and $1,499 per month for housing. Just 2.5% of renters in this Garland, TX region pay less than $500 per month for rent.

ZIP Code 75040 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 75040

See the chart below for a comparison of monthly rental costs in ZIP Code 75040, Texas, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 75040 along with those in the state of Texas and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 75040

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

Cost ZIP 75040 Texas U.S.
Less than $500 2.5% 6.6% 9.4%
$500 to $999 24.1% 39.6% 36.2%
$1,000 to $1,499 48.3% 35.0% 30.0%
$1,500 to $1,999 21.9% 13.3% 14.0%
$2,000 to $2,499 3.2% 3.5% 5.6%
$2,500 to $2,999 0.0% 1.1% 2.4%
$3,000 or more 0.0% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 75040

Renters in ZIP Code 75040 use an estimated 29.79% of their income to cover their monthly rent payments. That is about 1% higher than in Texas overall. The estimate for Texas overall is 29.37% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 75040 renters use about 0% less of their income to cover rent expense. Household income figures for ZIP Code 75040 come in higher than in Texas as a whole. The median annual household income in ZIP Code 75040 of $63,924 sits approximately 3% higher than the overall Texas median income of $61,874 and approximately 2% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 75040

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 75040, Texas, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 75040 along with the same calculations in the state of Texas 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 75040

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

Rent Cost as % of Income ZIP 75040 Texas U.S.
Less than 15.0 percent 12.8% 13.2% 13.1%
15.0 to 19.9 percent 12.2% 13.6% 12.9%
20.0 to 24.9 percent 15.9% 13.6% 12.9%
25.0 to 29.9 percent 8.4% 11.8% 11.6%
30.0 to 34.9 percent 10.2% 9.1% 9.1%
35.0 percent or more 40.4% 38.6% 40.5%

Household Income in ZIP Code 75040

See the table below for the regional comparison of annual household income in ZIP Code 75040.

Income ZIP 75040 Texas U.S.
Less than $10,000 2.9% 6.1% 6.0%
$10,000 to $14,999 2.3% 4.0% 4.3%
$15,000 to $24,999 6.0% 8.9% 8.9%
$25,000 to $34,999 9.8% 9.3% 8.9%
$35,000 to $49,999 14.2% 12.5% 12.3%
$50,000 to $74,999 23.4% 17.6% 17.2%
$75,000 to $99,999 15.9% 12.5% 12.7%
$100,000 to $149,999 18.2% 15.0% 15.1%
$150,000 to $199,999 4.9% 6.7% 6.8%
$200,000 or more 2.5% 7.4% 7.7%

Household Income in ZIP Code 75040

See the chart below for a comparison of annual household income figures in ZIP Code 75040, Texas, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 75040 alongside the same figures for the state of Texas and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 75040

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 75040.

ZIP 75040 Texas U.S.
Median Housing Rent $1,223 $1,045 $1,062
Renter-Occupied Housing Units 30.1% 38.0% 36.0%
Rental Vacancy Rate 4.5% 7.8% 6.0%
Average Size of Renter-Occupied Unit 3.33 2.63 2.49
Average # of Bedrooms Per Unit 2.96 2.75 2.75
Percent of Income Spent on Rent 29.79% 29.37% 29.83%
Per Capita Income $23,336 $31,277 $34,103
Median Household Income $76,342 $87,260 $88,607
Living Below the Poverty Line 8.0% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 75040

In ZIP Code 75040 (Garland, TX), and estimated 30.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.5%.

The per capita income in 75040 is estimated at $23,336, which goes along with an estimated median household income of $76,342. About 8.0% of residents in this Dallas County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.33 occupants, while the units have an aggregate average size of 2.96 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.79% of their income on housing rental costs.

Rental FAQs for ZIP Code 75040

1

What is the median monthly rent in ZIP Code 75040?

Median rent for housing in ZIP Code 75040 in Dallas County in Texas is approximately $1,223 per month.
2

Is it expensive to rent in ZIP Code 75040?

Rent in ZIP Code 75040 is higher than average in the state of Texas overall. The median monthly rent of $1,223 in ZIP Code 75040 is approximately 17% higher than the Texas median of $1,045. Additionally, median rent in this Garland, TX region ($1,223) is about 15% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 75040?

High-priced rentals are not common in the Garland, TX ZIP Code of 75040, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Texas overall, approximately 0.9% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 75040?

Affordable rentals are less common in ZIP Code 75040 than in Texas overall. The percentage of housing rentals in ZIP Code 75040 costing $999 or less per month (26.6%) is approximately 42% lower than the Texas rate of 46.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 42% higher than the previously mentioned 75040 rate of 26.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 75040?

The most common range for rental cost in ZIP Code 75040 is between $1,000 and $1,499 per month. About 48.3% of renters in 75040 pay in this range for monthly rent. In comparison, approximately 35.0% of renters in the state of Texas 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 75040 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 75040 is lower than the rental vacancy rate in the state of Texas overall. Rental vacancy of 4.5% in ZIP Code 75040 is about 42% lower than the Texas rate of 7.8%. Looking more broadly, rental vacancy in this Garland, TX region (4.5%) is an estimated 25% 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 75040? How does it compare to other Texas regions?

Median household income in ZIP Code 75040 is higher than in the state of Texas overall. Annual household income of $63,924 in ZIP Code 75040 is about 3% higher than the Texas median of $61,874. Additionally, median household income in this Garland, TX region ($63,924) is approximately 2% 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 75040 spend on housing costs?

Renters in ZIP Code 75040 spend a higher amount of their income on rent costs than do renters in Texas overall. Renters in ZIP Code 75040 spend an estimated 29.79% of their income on rent payments, which is about 1% higher than the overall Texas estimated rate of 29.37%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 0% higher than the ZIP Code 75040 estimated rate of 29.79%.
9

Do renters in ZIP Code 75040 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 75040 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 75040 spending 30 percent or more of their income on rent costs (50.6%) is approximately 6% higher than the Texas rate of 47.7% 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 75040 rate of 50.6%.
10

What is the average household size of renter-occupied units in ZIP Code 75040?

The average household size of renter-occupied units in ZIP Code 75040 is higher than in the state of Texas overall. Annual household size of 3.33 in ZIP Code 75040 is about 27% higher than the Texas median of 2.63. Additionally, median household size in this Garland, TX region (3.33) is approximately 34% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Texas ZIP Codes