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Rental Insights for ZIP Code 85623 (Oracle, AZ)

Housing Rentals in ZIP Code 85623 (Oracle, AZ)

85623 ZIP Code in Arizona

Everything to Know About Rentals in the U.S. ZIP Code 85623

ZIP Code 85623 is primarily associated with Oracle, AZ in Pinal County. The median housing rent payment in this region of Arizona is $841 per month. Approximately 14.5% of housing units in this Pinal County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of zero.

The median rent in ZIP Code 85623 of $841 per month is 20% lower than the aggregate Arizona median monthly rent of $1,052, and is 21% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 62.6% of residents in ZIP Code 85623 pay between $500 and $999 per month for rent. That is 59% higher than in Arizona overall, in which 39.3% of total state residents pay between $500 and $999 per month for housing. Just 5.3% of renters in this Oracle, AZ region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 85623 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 85623

See the chart below for a comparison of monthly rental costs in ZIP Code 85623, Arizona, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 85623 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 85623

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

Cost ZIP 85623 Arizona U.S.
Less than $500 16.2% 6.0% 9.4%
$500 to $999 62.6% 39.3% 36.2%
$1,000 to $1,499 15.9% 37.0% 30.0%
$1,500 to $1,999 0.0% 12.8% 14.0%
$2,000 to $2,499 5.3% 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 85623

Renters in ZIP Code 85623 use an estimated 26.16% of their income to cover their monthly rent payments. That is about 11% 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 85623 renters use about 12% less of their income to cover rent expense. Household income figures for ZIP Code 85623 come in higher than in Arizona as a whole. The median annual household income in ZIP Code 85623 of $60,753 sits approximately 3% higher than the overall Arizona median income of $58,945 and approximately 3% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 85623

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 85623, 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 85623 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 85623

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

Rent Cost as % of Income ZIP 85623 Arizona U.S.
Less than 15.0 percent 42.7% 12.9% 13.1%
15.0 to 19.9 percent 0.0% 13.6% 12.9%
20.0 to 24.9 percent 12.3% 13.7% 12.9%
25.0 to 29.9 percent 0.0% 11.9% 11.6%
30.0 to 34.9 percent 0.0% 8.9% 9.1%
35.0 percent or more 45.0% 39.1% 40.5%

Household Income in ZIP Code 85623

See the table below for the regional comparison of annual household income in ZIP Code 85623.

Income ZIP 85623 Arizona U.S.
Less than $10,000 2.2% 6.4% 6.0%
$10,000 to $14,999 4.6% 4.0% 4.3%
$15,000 to $24,999 3.7% 9.2% 8.9%
$25,000 to $34,999 17.0% 9.5% 8.9%
$35,000 to $49,999 15.6% 13.5% 12.3%
$50,000 to $74,999 22.2% 18.6% 17.2%
$75,000 to $99,999 16.5% 12.9% 12.7%
$100,000 to $149,999 8.8% 14.3% 15.1%
$150,000 to $199,999 2.7% 5.8% 6.8%
$200,000 or more 6.7% 5.9% 7.7%

Household Income in ZIP Code 85623

See the chart below for a comparison of annual household income figures in ZIP Code 85623, Arizona, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 85623 alongside the same figures for the state of Arizona and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 85623

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 85623.

ZIP 85623 Arizona U.S.
Median Housing Rent $841 $1,052 $1,062
Renter-Occupied Housing Units 14.5% 35.6% 36.0%
Rental Vacancy Rate 0.0% 6.2% 6.0%
Average Size of Renter-Occupied Unit 3.88 2.65 2.49
Average # of Bedrooms Per Unit 2.67 2.74 2.75
Percent of Income Spent on Rent 26.16% 29.54% 29.83%
Per Capita Income $39,726 $30,694 $34,103
Median Household Income $89,917 $80,779 $88,607
Living Below the Poverty Line 1.8% 10.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 85623

In ZIP Code 85623 (Oracle, AZ), and estimated 14.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 85623 is estimated at $39,726, which goes along with an estimated median household income of $89,917. About 1.8% of residents in this Pinal County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.88 occupants, while the units have an aggregate average size of 2.67 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.16% of their income on housing rental costs.

Rental FAQs for ZIP Code 85623

1

What is the median monthly rent in ZIP Code 85623?

Median rent for housing in ZIP Code 85623 in Pinal County in Arizona is approximately $841 per month.
2

Is it expensive to rent in ZIP Code 85623?

Rent in ZIP Code 85623 is lower than average in the state of Arizona overall. The median monthly rent of $841 in ZIP Code 85623 is approximately 20% lower than the Arizona median of $1,052. Additionally, median rent in this Oracle, AZ region ($841) is about 21% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 85623?

High-priced rentals are not common in the Oracle, AZ ZIP Code of 85623, 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 85623?

Affordable rentals are more common in ZIP Code 85623 than in Arizona overall. The percentage of housing rentals in ZIP Code 85623 costing $999 or less per month (78.8%) is approximately 74% higher 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 73% lower than the previously mentioned 85623 rate of 78.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 85623?

The most common range for rental cost in ZIP Code 85623 is between $500 and $999 per month. About 62.6% of renters in 85623 pay in this range for monthly rent. In comparison, approximately 39.3% of renters in the state of Arizona fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 85623 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 85623 is lower than the rental vacancy rate in the state of Arizona overall. Rental vacancy of 0.0% in ZIP Code 85623 is about 100% lower than the Arizona rate of 6.2%. Looking more broadly, rental vacancy in this Oracle, AZ region (0.0%) is an estimated 100% 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 85623? How does it compare to other Arizona regions?

Median household income in ZIP Code 85623 is higher than in the state of Arizona overall. Annual household income of $60,753 in ZIP Code 85623 is about 3% higher than the Arizona median of $58,945. Additionally, median household income in this Oracle, AZ region ($60,753) is approximately 3% 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 85623 spend on housing costs?

Renters in ZIP Code 85623 spend a lower amount of their income on rent costs than do renters in Arizona overall. Renters in ZIP Code 85623 spend an estimated 26.16% of their income on rent payments, which is about 11% 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 12% higher than the ZIP Code 85623 estimated rate of 26.16%.
9

Do renters in ZIP Code 85623 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 85623 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 85623 spending 30 percent or more of their income on rent costs (45%) is approximately 6% 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 9% higher than the aforementioned 85623 rate of 45%.
10

What is the average household size of renter-occupied units in ZIP Code 85623?

The average household size of renter-occupied units in ZIP Code 85623 is higher than in the state of Arizona overall. Annual household size of 3.88 in ZIP Code 85623 is about 46% higher than the Arizona median of 2.65. Additionally, median household size in this Oracle, AZ region (3.88) is approximately 56% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Arizona ZIP Codes