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Rental Insights for ZIP Code 85118 (Gold Canyon, AZ)

Housing Rentals in ZIP Code 85118 (Gold Canyon, AZ)

85118 ZIP Code in Arizona

Everything to Know About Rentals in the U.S. ZIP Code 85118

ZIP Code 85118 is primarily associated with Gold Canyon, AZ in Pinal County. The median housing rent payment in this region of Arizona is $1,094 per month. Approximately 7.1% of housing units in this Pinal County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 16.3%.

The median rent in ZIP Code 85118 of $1,094 per month is 4% higher than the aggregate Arizona median monthly rent of $1,052, and is 3% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 63.5% of renters in ZIP Code 85118 pay between $1,000 and $1,499 per month for housing. That is 72% higher than in Arizona overall, in which 37.0% of total state residents pay between $1,000 and $1,499 per month for housing. Just 36.5% of renters in ZIP Code 85118 pay between $500 and $999 for monthly rent.

ZIP Code 85118 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 85118

See the chart below for a comparison of monthly rental costs in ZIP Code 85118, Arizona, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 85118 along with those in the state of Arizona and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 85118

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

Cost ZIP 85118 Arizona U.S.
Less than $500 0.0% 6.0% 9.4%
$500 to $999 36.5% 39.3% 36.2%
$1,000 to $1,499 63.5% 37.0% 30.0%
$1,500 to $1,999 0.0% 12.8% 14.0%
$2,000 to $2,499 0.0% 3.0% 5.6%
$2,500 to $2,999 0.0% 0.9% 2.4%
$3,000 or more 0.0% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 85118

Renters in ZIP Code 85118 use an estimated 22.39% of their income to cover their monthly rent payments. That is about 24% lower than in Arizona overall. The estimate for Arizona overall is 29.54% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 85118 renters use about 25% less of their income to cover rent expense. Household income figures for ZIP Code 85118 come in higher than in Arizona as a whole. The median annual household income in ZIP Code 85118 of $70,133 sits approximately 19% higher than the overall Arizona median income of $58,945 and approximately 12% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 85118

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 85118, Arizona, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 85118 along with the same calculations in the state of Arizona 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 85118

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

Rent Cost as % of Income ZIP 85118 Arizona U.S.
Less than 15.0 percent 25.1% 12.9% 13.1%
15.0 to 19.9 percent 18.2% 13.6% 12.9%
20.0 to 24.9 percent 23.5% 13.7% 12.9%
25.0 to 29.9 percent 18.0% 11.9% 11.6%
30.0 to 34.9 percent 0.0% 8.9% 9.1%
35.0 percent or more 15.2% 39.1% 40.5%

Household Income in ZIP Code 85118

See the table below for the regional comparison of annual household income in ZIP Code 85118.

Income ZIP 85118 Arizona U.S.
Less than $10,000 4.4% 6.4% 6.0%
$10,000 to $14,999 3.1% 4.0% 4.3%
$15,000 to $24,999 5.6% 9.2% 8.9%
$25,000 to $34,999 8.8% 9.5% 8.9%
$35,000 to $49,999 12.5% 13.5% 12.3%
$50,000 to $74,999 19.3% 18.6% 17.2%
$75,000 to $99,999 15.6% 12.9% 12.7%
$100,000 to $149,999 17.5% 14.3% 15.1%
$150,000 to $199,999 5.1% 5.8% 6.8%
$200,000 or more 8.2% 5.9% 7.7%

Household Income in ZIP Code 85118

See the chart below for a comparison of annual household income figures in ZIP Code 85118, Arizona, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 85118 alongside the same figures for the state of Arizona and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 85118

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 85118.

ZIP 85118 Arizona U.S.
Median Housing Rent $1,094 $1,052 $1,062
Renter-Occupied Housing Units 7.1% 35.6% 36.0%
Rental Vacancy Rate 16.3% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.60 2.65 2.49
Average # of Bedrooms Per Unit 2.76 2.74 2.75
Percent of Income Spent on Rent 22.39% 29.54% 29.83%
Per Capita Income $47,980 $30,694 $34,103
Median Household Income $97,413 $80,779 $88,607
Living Below the Poverty Line 5.4% 10.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 85118

In ZIP Code 85118 (Gold Canyon, AZ), and estimated 7.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 16.3%.

The per capita income in 85118 is estimated at $47,980, which goes along with an estimated median household income of $97,413. About 5.4% of residents in this Pinal County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.60 occupants, while the units have an aggregate average size of 2.76 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 22.39% of their income on housing rental costs.

Rental FAQs for ZIP Code 85118

1

What is the median monthly rent in ZIP Code 85118?

Median rent for housing in ZIP Code 85118 in Pinal County in Arizona is approximately $1,094 per month.
2

Is it expensive to rent in ZIP Code 85118?

Rent in ZIP Code 85118 is higher than average in the state of Arizona overall. The median monthly rent of $1,094 in ZIP Code 85118 is approximately 4% higher than the Arizona median of $1,052. Additionally, median rent in this Gold Canyon, AZ region ($1,094) is about 3% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 85118?

High-priced rentals are not common in the Gold Canyon, AZ ZIP Code of 85118, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Arizona 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 85118?

Affordable rentals are less common in ZIP Code 85118 than in Arizona overall. The percentage of housing rentals in ZIP Code 85118 costing $999 or less per month (36.5%) is approximately 19% lower than the Arizona rate of 45.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 20% higher than the previously mentioned 85118 rate of 36.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 85118?

The most common range for rental cost in ZIP Code 85118 is between $1,000 and $1,499 per month. About 63.5% of renters in 85118 pay in this range for monthly rent. In comparison, approximately 37.0% of renters in the state of Arizona 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 85118 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 85118 is higher than the rental vacancy rate in the state of Arizona overall. Rental vacancy of 16.3% in ZIP Code 85118 is about 163% higher than the Arizona rate of 6.2%. Looking more broadly, rental vacancy in this Gold Canyon, AZ region (16.3%) is an estimated 172% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 85118? How does it compare to other Arizona regions?

Median household income in ZIP Code 85118 is higher than in the state of Arizona overall. Annual household income of $70,133 in ZIP Code 85118 is about 19% higher than the Arizona median of $58,945. Additionally, median household income in this Gold Canyon, AZ region ($70,133) is approximately 12% 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 85118 spend on housing costs?

Renters in ZIP Code 85118 spend a lower amount of their income on rent costs than do renters in Arizona overall. Renters in ZIP Code 85118 spend an estimated 22.39% of their income on rent payments, which is about 24% lower than the overall Arizona estimated rate of 29.54%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 25% higher than the ZIP Code 85118 estimated rate of 22.39%.
9

Do renters in ZIP Code 85118 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 85118 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 85118 spending 30 percent or more of their income on rent costs (15.2%) is approximately 68% lower than the Arizona rate of 48% 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 69% higher than the aforementioned 85118 rate of 15.2%.
10

What is the average household size of renter-occupied units in ZIP Code 85118?

The average household size of renter-occupied units in ZIP Code 85118 is lower than in the state of Arizona overall. Annual household size of 2.60 in ZIP Code 85118 is about 2% lower than the Arizona median of 2.65. Additionally, median household size in this Gold Canyon, AZ region (2.60) is approximately 4% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Arizona ZIP Codes