At June 2026, Zillow’s ZIP-level ZORI for this ZIP is $4,609 per month, an observed typical asking-rent index blended across rental types rather than a lease-specific quote. The five-digit 10025 label is both Zillow’s ZIP market identifier and a match to a Census ZCTA. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP, so its boundary and evidence universe cannot be presumed interchangeable with mailing geography. For wider context only, New York city context rent is about $4,133.43, New York County context rent is $4,833, and New York-Newark-Jersey City, NY-NJ-PA metro context rent is $3,573. The ZIP snapshot therefore falls between the named city and county context measures while standing above the named metro context measure; none is a ZIP rental comparable.
Affordability evidence is the sharpest tension, but it is a screen rather than a verdict. Applying a 30% required-income screen to the current ZORI produces $184,360 in annual household income, versus the ZCTA median household income of $108,940; annualized asking rent equals 50.77% of that median. This is arithmetic, not advice, a budget prescription, or an applicant qualification rule. In matched ACS 2024 five-year ZCTA data, median gross rent is $2,084 and the ZORI is 2.21 times that level. ACS is a survey of occupied renter homes and includes selected utilities, not a description of today’s advertised units or lease terms. The measures differ in timing and universe rather than contradicting each other.
ACS also provides a burden and stock frame, but neither is an availability verdict. It reports 44.90% of renter households paying at least the 30% income share; that five-year survey statistic does not prove the burden of a particular available unit or a prospective renter. The ZCTA has 47,746 housing units, a 13.43% vacancy rate, and a 68.89% renter share among occupied homes. Large multifamily units total 39,348, while vacant categories include 2,119 for rent and 1,949 seasonal. These are survey categories, not a live apartment count, and cannot establish whether a named apartment is rentable or priced near the current asking index.
The bedroom presentation is deliberately a model, not an observed rent comp. Scaling the ZIP ZORI by the local FY2026 HUD FMR/SAFMR ladder—an administrative bedroom-specific standard rather than asking rent—produces modelled monthly estimates of $3,343 for a studio, $3,878 for one bedroom, $4,609 for two bedrooms, $5,646 for three bedrooms, and $6,505 for four bedrooms. These are modelled estimates, never measured bedroom rents. The two-bedroom estimate matches the overall index because it is the scaling anchor, not because two-bedroom listings were independently measured at that amount. Unit-level asks may differ from the ladder because the model does not establish property condition, utilities, lease terms, concessions, or listing mix.
Rent history tempers reliance on the current reading. Through the supplied Zillow endpoint, the exact same-month change is 6.38% over one year, 4.81% annualized over three years, and 7.82% annualized over five years. The latest direction therefore confirms a positive longer-run path but breaks from the faster five-year pace. Annualized monthly-return variability is 3.03%, maximum drawdown is 15.70%, and coverage is 100% across 138 observations. The transparent national discovery ranks among history-eligible ZIPs are 223 for momentum, 1,676 for stability, and 429 for the balanced score, with lower ranks higher. This backward-looking, high-variability record reduces confidence in treating a single current rent snapshot as a stable point estimate; it is neither a forecast nor an investment recommendation.
Redfin’s direct rolling-three-month ZIP resale observation through June 30, 2026 is strictly for-sale evidence, not rental transactions. Median sold price was $1,294,707, a 7.89% year-over-year increase, across 143 homes sold; median marketing time was 60 days. Inventory stood at 219 homes, down 20.53% from a year earlier, and months of supply were 4.7. The average sale-to-list ratio was 99.45%, while 16.56% of sales closed above list. These measures describe ZIP resale pricing and liquidity only; they are not rental comparables, evidence of a lease rent, or property-level operating economics.
Annualized ZIP ZORI divided by Redfin’s median sold price equals a 4.27% cross-source screening ratio only; it is not a cap rate, net return, expected return, or property yield. The resale price increase and inventory decline directionally echo the current rent increase, yet the reported marketing time, below-list average sale-to-list result, and above-list share challenge a simple tight-market reading. This is the key resale tension: for-sale evidence can provide a parallel price-and-liquidity screen but cannot validate a rental lease, determine an individual apartment’s rent, or erase the high-variability ZORI path.
The evidence retains property-level limits. ACS estimates are five-year survey results with sampling uncertainty, while Zillow, HUD, and Redfin use separate definitions, dates, and unit universes. Aggregate vacancy and burden measures do not establish conditions at a building. Before matching a property to these screens, check current asking rent, bedroom count, included utilities, lease duration, concessions, condition, availability, and directly relevant sale and listing records. Do those address-level facts support the particular comparison while preserving the separate source definitions?
","findings":[{"body":"The current Zillow index and ACS median gross rent answer different questions. Zillow is a ZIP asking-rent index across rental types, whereas ACS is a five-year survey of occupied renter homes with selected utilities. The gap therefore reflects listing versus occupied-home timing and scope, rather than evidence that a listed unit or surveyed household must fit the other source.","title":"Current ask and occupied-home rent differ"},{"body":"The bedroom ladder is internally consistent because it scales the overall ZORI with local HUD standards. Its figures are modelled estimates rather than separately observed bedroom rents. HUD FMR/SAFMR is administrative and bedroom-specific, so it provides the scaling structure but does not convert the resulting ladder into current rental comparables or lease-specific quotes.","title":"Modelled bedroom ladder is not a comp set"},{"body":"The required-income calculation expresses the relationship between the current asking index and the stated income share. It is not an eligibility test or recommendation. ACS burden data add a separate population-level view of surveyed renter households, while stock and vacancy classifications show the makeup of the ZCTA sample without demonstrating availability, affordability, or burden for a particular apartment.","title":"Affordability is a screen, not qualification"},{"body":"ZIP resale evidence shows a price increase alongside reduced inventory, but marketing time and sale-to-list outcomes prevent a one-direction reading of liquidity. These are direct for-sale observations and can form a cautious cross-source comparison with rents. They cannot become rental transactions, rental comparables, operating statements, or proof of resale conditions for a specific building.","title":"Resale evidence is mixed and separate"}],"risks":["ZCTA survey geography and a USPS delivery ZIP are not identical, while Zillow’s ZIP market identifier does not establish a building or listing boundary. Applying area measures mechanically to an address risks geographic mismatch.","High rent-history variability and the recorded drawdown mean that a single current ZORI point has limited stability. Backward-looking changes cannot establish future asking-rent direction, renewal terms, or realized lease performance.","Vacancy categories and rent-burden shares are aggregate survey measures. They cannot demonstrate that a particular unit is available, that its utilities match the survey concept, or that a household experiences the area-wide burden statistic.","Redfin resale figures reflect for-sale activity during a rolling observation window. Treating them as rental comps, property operating economics, or evidence of a transaction outcome for a specific address would cross evidence universes."],"qa":[{"a":"ZORI records a typical observed asking-rent index blended across rental types at the ZIP level. ACS is a matched ZCTA five-year survey of occupied renter homes and includes selected utilities. A current listing-oriented index and an occupied-home survey can diverge because they do not cover the same units, timing, or rent concept. Neither figure identifies a specific lease.","q":"Why can the current asking-rent index exceed ACS median gross rent?"},{"a":"No. They are modelled monthly estimates created by scaling the overall ZIP ZORI with local HUD bedroom standards. HUD FMR/SAFMR itself is an administrative, bedroom-specific standard rather than asking rent. The estimates provide a consistent ladder, but they do not independently measure studio or larger-unit listings, and cannot replace unit-level asking-rent, utility, and lease-term verification.","q":"Are the bedroom amounts observed rents?"},{"a":"No. The screen simply annualizes the current ZORI and applies the stated share-of-income arithmetic. It is not financial advice, a household budget, underwriting, or an applicant qualification rule. The ACS burden statistic is also population-level survey evidence for renter households; neither the screen nor the burden share proves affordability or burden for a specific unit or applicant.","q":"Does the required-income calculation determine what a renter can qualify for?"},{"a":"It adds a direct rolling-three-month observation of ZIP for-sale and resale activity: sold prices, transaction count, marketing time, inventory, supply, and sale-to-list outcomes. These signals can be compared cautiously with the rent path, including their conflicting signs, but they are not rental transactions. The rent-to-price calculation is only a cross-source screening ratio, not a cap rate or property yield.","q":"What does the Redfin section add?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback","release":"ZIP-CBSA 2025Q4 + SAFMR 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