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Rental Insights for ZIP Code 78343 (Bishop, TX)

Housing Rentals in ZIP Code 78343 (Bishop, TX)

78343 ZIP Code in Texas

A Comprehensive Look at Rentals in the ZIP Code 78343

The 78343 ZIP Code is primarily associated with Bishop, TX in Nueces County. This region of Texas has an estimated median housing rent of $855 per month. Approximately 23.7% of housing units in the region are renter-occupied, and this this Nueces County ZIP Code has an estimated rental vacancy rate of 3.6%.

The median rent in ZIP Code 78343 of $855 per month is 18% lower than the aggregate Texas median monthly rent of $1,045, and is 19% lower than the $1,062 the median monthly rent in the U.S. overall. About 86.6% of residents in ZIP Code 78343 pay between $500 and $999 per month for rent. That is 119% higher than in Texas overall, in which 39.6% of total state residents pay between $500 and $999 per month for housing. Only 2.9% of ZIP Code 78343 renters pay less than $500 for monthly rent.

ZIP Code 78343 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 78343

See the chart below for a comparison of monthly rental costs in ZIP Code 78343, Texas, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 78343 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 78343

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

Cost ZIP 78343 Texas U.S.
Less than $500 2.9% 6.6% 9.4%
$500 to $999 86.6% 39.6% 36.2%
$1,000 to $1,499 10.5% 35.0% 30.0%
$1,500 to $1,999 0.0% 13.3% 14.0%
$2,000 to $2,499 0.0% 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 78343

Renters in ZIP Code 78343 use an estimated 28.19% of their income to cover their monthly rent payments. That is about 4% lower 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 78343 renters use about 5% less of their income to cover rent expense. Household income figures for ZIP Code 78343 come in lower than in Texas as a whole. The median annual household income in ZIP Code 78343 of $51,400 sits approximately 17% lower than the overall Texas median income of $61,874 and approximately 18% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 78343

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 78343, 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 78343 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 78343

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

Rent Cost as % of Income ZIP 78343 Texas U.S.
Less than 15.0 percent 10.5% 13.2% 13.1%
15.0 to 19.9 percent 18.2% 13.6% 12.9%
20.0 to 24.9 percent 22.9% 13.6% 12.9%
25.0 to 29.9 percent 4.1% 11.8% 11.6%
30.0 to 34.9 percent 11.5% 9.1% 9.1%
35.0 percent or more 32.8% 38.6% 40.5%

Household Income in ZIP Code 78343

See the table below for the regional comparison of annual household income in ZIP Code 78343.

Income ZIP 78343 Texas U.S.
Less than $10,000 7.2% 6.1% 6.0%
$10,000 to $14,999 5.6% 4.0% 4.3%
$15,000 to $24,999 13.9% 8.9% 8.9%
$25,000 to $34,999 8.8% 9.3% 8.9%
$35,000 to $49,999 13.6% 12.5% 12.3%
$50,000 to $74,999 15.2% 17.6% 17.2%
$75,000 to $99,999 10.4% 12.5% 12.7%
$100,000 to $149,999 14.1% 15.0% 15.1%
$150,000 to $199,999 10.1% 6.7% 6.8%
$200,000 or more 1.1% 7.4% 7.7%

Household Income in ZIP Code 78343

See the chart below for a comparison of annual household income figures in ZIP Code 78343, Texas, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 78343 alongside the same figures for the state of Texas and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 78343

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 78343.

ZIP 78343 Texas U.S.
Median Housing Rent $855 $1,045 $1,062
Renter-Occupied Housing Units 23.7% 38.0% 36.0%
Rental Vacancy Rate 3.6% 7.8% 6.0%
Average Size of Renter-Occupied Unit 2.81 2.63 2.49
Average # of Bedrooms Per Unit 2.74 2.75 2.75
Percent of Income Spent on Rent 28.19% 29.37% 29.83%
Per Capita Income $25,358 $31,277 $34,103
Median Household Income $70,149 $87,260 $88,607
Living Below the Poverty Line 20.0% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 78343

In ZIP Code 78343 (Bishop, TX), and estimated 23.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.6%.

The per capita income in 78343 is estimated at $25,358, which goes along with an estimated median household income of $70,149. About 20.0% of residents in this Nueces County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.81 occupants, while the units have an aggregate average size of 2.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.19% of their income on housing rental costs.

Rental FAQs for ZIP Code 78343

1

What is the median monthly rent in ZIP Code 78343?

Median rent for housing in ZIP Code 78343 in Nueces County in Texas is approximately $855 per month.
2

Is it expensive to rent in ZIP Code 78343?

Rent in ZIP Code 78343 is lower than average in the state of Texas overall. The median monthly rent of $855 in ZIP Code 78343 is approximately 18% lower than the Texas median of $1,045. Additionally, median rent in this Bishop, TX region ($855) is about 19% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 78343?

High-priced rentals are not common in the Bishop, TX ZIP Code of 78343, 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 78343?

Affordable rentals are more common in ZIP Code 78343 than in Texas overall. The percentage of housing rentals in ZIP Code 78343 costing $999 or less per month (89.5%) is approximately 94% higher 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 96% lower than the previously mentioned 78343 rate of 89.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 78343?

The most common range for rental cost in ZIP Code 78343 is between $500 and $999 per month. About 86.6% of renters in 78343 pay in this range for monthly rent. In comparison, approximately 39.6% of renters in the state of Texas fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 78343 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 78343 is lower than the rental vacancy rate in the state of Texas overall. Rental vacancy of 3.6% in ZIP Code 78343 is about 54% lower than the Texas rate of 7.8%. Looking more broadly, rental vacancy in this Bishop, TX region (3.6%) is an estimated 40% 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 78343? How does it compare to other Texas regions?

Median household income in ZIP Code 78343 is lower than in the state of Texas overall. Annual household income of $51,400 in ZIP Code 78343 is about 17% lower than the Texas median of $61,874. Additionally, median household income in this Bishop, TX region ($51,400) is approximately 18% 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 78343 spend on housing costs?

Renters in ZIP Code 78343 spend a lower amount of their income on rent costs than do renters in Texas overall. Renters in ZIP Code 78343 spend an estimated 28.19% of their income on rent payments, which is about 4% lower 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 5% higher than the ZIP Code 78343 estimated rate of 28.19%.
9

Do renters in ZIP Code 78343 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 78343 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 78343 spending 30 percent or more of their income on rent costs (44.3%) is approximately 7% lower 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 11% higher than the aforementioned 78343 rate of 44.3%.
10

What is the average household size of renter-occupied units in ZIP Code 78343?

The average household size of renter-occupied units in ZIP Code 78343 is higher than in the state of Texas overall. Annual household size of 2.81 in ZIP Code 78343 is about 7% higher than the Texas median of 2.63. Additionally, median household size in this Bishop, TX region (2.81) is approximately 13% higher than median household size of 2.49 in the U.S. as a whole.

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