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Rental Insights for ZIP Code 79359 (Seagraves, TX)

Housing Rentals in ZIP Code 79359 (Seagraves, TX)

79359 ZIP Code in Texas

A Comprehensive Look at Rentals in the ZIP Code 79359

The 79359 ZIP Code is primarily associated with Seagraves, TX in Gaines County. The median housing rent in this region or Texas is estimated at $632 per month. Approximately 28.7% of housing units in the region are renter-occupied, and this this Gaines County ZIP Code has an estimated rental vacancy rate of 4.9%.

The median rent in ZIP Code 79359 of $632 per month is 40% lower than the aggregate Texas median monthly rent of $1,045, and is 40% lower than the $1,062 the median monthly rent in the U.S. overall. About 78.9% of renters in ZIP Code 79359 pay between $500 and $999 per month for housing. That is 99% higher than in Texas overall, in which 39.6% of total state residents pay between $500 and $999 per month for housing. Only 21.1% of ZIP Code 79359 renters pay less than $500 for monthly rent.

ZIP Code 79359 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 79359

See the chart below for a comparison of monthly rental costs in ZIP Code 79359, Texas, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 79359 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 79359

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

Cost ZIP 79359 Texas U.S.
Less than $500 21.1% 6.6% 9.4%
$500 to $999 78.9% 39.6% 36.2%
$1,000 to $1,499 0.0% 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 79359

Renters in ZIP Code 79359 use an estimated 21.98% of their income to cover their monthly rent payments. That is about 25% 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 79359 renters use about 26% less of their income to cover rent expense. Household income figures for ZIP Code 79359 come in lower than in Texas as a whole. The median annual household income in ZIP Code 79359 of $47,043 sits approximately 24% lower than the overall Texas median income of $61,874 and approximately 25% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 79359

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 79359, 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 79359 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 79359

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

Rent Cost as % of Income ZIP 79359 Texas U.S.
Less than 15.0 percent 41.7% 13.2% 13.1%
15.0 to 19.9 percent 2.9% 13.6% 12.9%
20.0 to 24.9 percent 8.6% 13.6% 12.9%
25.0 to 29.9 percent 11.4% 11.8% 11.6%
30.0 to 34.9 percent 28.6% 9.1% 9.1%
35.0 percent or more 6.9% 38.6% 40.5%

Household Income in ZIP Code 79359

See the table below for the regional comparison of annual household income in ZIP Code 79359.

Income ZIP 79359 Texas U.S.
Less than $10,000 7.4% 6.1% 6.0%
$10,000 to $14,999 9.3% 4.0% 4.3%
$15,000 to $24,999 7.6% 8.9% 8.9%
$25,000 to $34,999 14.6% 9.3% 8.9%
$35,000 to $49,999 12.0% 12.5% 12.3%
$50,000 to $74,999 17.6% 17.6% 17.2%
$75,000 to $99,999 21.8% 12.5% 12.7%
$100,000 to $149,999 6.7% 15.0% 15.1%
$150,000 to $199,999 2.0% 6.7% 6.8%
$200,000 or more 1.0% 7.4% 7.7%

Household Income in ZIP Code 79359

See the chart below for a comparison of annual household income figures in ZIP Code 79359, Texas, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 79359 alongside the same figures for the state of Texas and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 79359

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 79359.

ZIP 79359 Texas U.S.
Median Housing Rent $632 $1,045 $1,062
Renter-Occupied Housing Units 28.7% 38.0% 36.0%
Rental Vacancy Rate 4.9% 7.8% 6.0%
Average Size of Renter-Occupied Unit 2.88 2.63 2.49
Average # of Bedrooms Per Unit 2.6 2.75 2.75
Percent of Income Spent on Rent 21.98% 29.37% 29.83%
Per Capita Income $16,195 $31,277 $34,103
Median Household Income $56,490 $87,260 $88,607
Living Below the Poverty Line 9.3% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 79359

In ZIP Code 79359 (Seagraves, TX), and estimated 28.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.9%.

The per capita income in 79359 is estimated at $16,195, which goes along with an estimated median household income of $56,490. About 9.3% of residents in this Gaines County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.88 occupants, while the units have an aggregate average size of 2.6 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 21.98% of their income on housing rental costs.

Rental FAQs for ZIP Code 79359

1

What is the median monthly rent in ZIP Code 79359?

Median rent for housing in ZIP Code 79359 in Gaines County in Texas is approximately $632 per month.
2

Is it expensive to rent in ZIP Code 79359?

Rent in ZIP Code 79359 is lower than average in the state of Texas overall. The median monthly rent of $632 in ZIP Code 79359 is approximately 40% lower than the Texas median of $1,045. Additionally, median rent in this Seagraves, TX region ($632) is about 40% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 79359?

High-priced rentals are not common in the Seagraves, TX ZIP Code of 79359, 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 79359?

Affordable rentals are more common in ZIP Code 79359 than in Texas overall. The percentage of housing rentals in ZIP Code 79359 costing $999 or less per month (100%) is approximately 116% 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 119% lower than the previously mentioned 79359 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 79359?

The most common range for rental cost in ZIP Code 79359 is between $500 and $999 per month. About 78.9% of renters in 79359 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 79359 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 79359 is lower than the rental vacancy rate in the state of Texas overall. Rental vacancy of 4.9% in ZIP Code 79359 is about 37% lower than the Texas rate of 7.8%. Looking more broadly, rental vacancy in this Seagraves, TX region (4.9%) is an estimated 18% 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 79359? How does it compare to other Texas regions?

Median household income in ZIP Code 79359 is lower than in the state of Texas overall. Annual household income of $47,043 in ZIP Code 79359 is about 24% lower than the Texas median of $61,874. Additionally, median household income in this Seagraves, TX region ($47,043) is approximately 25% 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 79359 spend on housing costs?

Renters in ZIP Code 79359 spend a lower amount of their income on rent costs than do renters in Texas overall. Renters in ZIP Code 79359 spend an estimated 21.98% of their income on rent payments, which is about 25% 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 26% higher than the ZIP Code 79359 estimated rate of 21.98%.
9

Do renters in ZIP Code 79359 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 79359 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 79359 spending 30 percent or more of their income on rent costs (35.5%) is approximately 26% 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 28% higher than the aforementioned 79359 rate of 35.5%.
10

What is the average household size of renter-occupied units in ZIP Code 79359?

The average household size of renter-occupied units in ZIP Code 79359 is higher than in the state of Texas overall. Annual household size of 2.88 in ZIP Code 79359 is about 10% higher than the Texas median of 2.63. Additionally, median household size in this Seagraves, TX region (2.88) is approximately 16% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Texas ZIP Codes