At $2,606 per month in June 2026, Zillow ZORI for 11220 is the current asking-rent anchor, and it is 8.0% higher than a year earlier. ZORI is a ZIP-level typical observed asking-rent index blended across rental types; it is neither a median signed lease nor a bedroom-specific rent survey. The five-digit label is both Zillow's market identifier and the matching Census ZCTA. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP. Accordingly, the ZIP index and the matched Census geography answer related but noninterchangeable questions, and the index should frame a general current asking-rent level rather than a claim about every available listing.
History makes the recent move the central tension. Exact same-month annualized growth was 8.0% over one year, compared with 5.5% over three years and 6.7% over five years, so the latest direction accelerates rather than breaks from the longer rising path. The record has 101 observations, 99 consecutive monthly returns, and 99.0% coverage. Annualized monthly-return variability was 3.0%, while maximum drawdown was 4.6%. Transparent national discovery ranks among history-eligible ZIPs were 103 for momentum, 1,563 for stability, and 291 for balanced history; lower ranks are higher. These are backward-looking measurements, not forecasts or investment recommendations. The measured variability and drawdown give a reader a basis for calibrated confidence in one current snapshot: they support confidence in the documented series, not certainty about a particular unit.
The largest cross-source tension is that ACS 2024 five-year median gross rent for the matched ZCTA is $1,768, with a supplied $43 margin of error, while ZORI is 47.4% higher. ACS is a five-year survey of occupied renter homes and its gross-rent measure includes selected utilities; it is not an asking-rent series. The same ACS geography reports median household income of $69,883. Annualizing the ZORI gives a $104,240 required income under a 30% screen; annualized rent alone equals 44.7% of that median income before household-specific adjustments. This 30% required-income screen is arithmetic, not advice or an applicant qualification rule. Separately, 53.4% of renter households report gross-rent burden at or above the screen; that survey burden is not proof about any specific current unit.
Bedroom framing must remain explicitly modelled. Scaling ZIP ZORI with the local HUD bedroom ladder produces modelled monthly ZIP estimates of $1,890 for a studio, $2,193 for one bedroom, $2,606 for two bedrooms, $3,192 for three bedrooms, and $3,678 for four bedrooms. The local HUD two-bedroom standard is $2,616. HUD FMR/SAFMR is an administrative, bedroom-specific standard, not asking rent. Therefore the scaled ladder is a way to distribute the ZIP index across bedroom sizes; these are modelled estimates, never measured bedroom rents, and cannot establish an advertised price for a unit of any size.
Survey stock underscores the scale and tenure mix behind the rent measures. Within the matched ZCTA, the ACS stock count is 31,225 housing units, with a 9.0% reported vacancy rate and a 73.3% renter share of occupied homes. Its structure tally includes 5,258 units in large multifamily buildings and 2,860 single-family units, while other structures make up the remainder. This establishes a renter-led aggregate housing base with multiple structure forms, but it does not say which buildings have vacancies now. Vacancy is an area-wide stock condition, not a listing count, a measure of marketing time, or evidence that a specific apartment will be available or discounted.
Context sharpens scale without changing the ZIP evidence. In direct asking-rent context, the New York city context is $4,133, the Kings County context is $3,808, and the New York-Newark-Jersey City, NY-NJ-PA metro context is $3,573; every one is a wider comparison scope rather than a replacement for the 11220 index. The ZIP's current index is below each of those context values. This comparison establishes relative index levels only: city, county, and metro figures cannot explain the gap, identify conditions in a particular building, or be relabeled as ZIP statistics. The ACS and HUD evidence should likewise retain their separate survey and administrative scopes when read beside these contexts.
Important limits remain at the property level. None of the supplied series provides a unit's exact advertised rent, utility package, condition, floor area, lease length, fees, concession, availability date, or whether the listing is still active. A property-level reading needs the building address to confirm the delivery ZIP, the actual bedroom count, the current monthly ask, included utilities, lease and move-in terms, and the date of availability. It should also separate a landlord's current offer from a survey median, an index value, and an administrative standard. Which documented unit facts remain after those checks, and how do they compare with the appropriately scoped benchmark?
","findings":[{"body":"The ZIP's current annual increase is faster than its three-year and five-year annualized histories, identifying acceleration within an already rising record rather than a reversal. The history is useful because it has near-complete coverage and stated variability and drawdown, but it remains a retrospective index series. It cannot project later rent changes or evaluate a particular building.","title":"Recent growth is faster than the longer record"},{"body":"Zillow ZORI and ACS median gross rent differ by design and timing. ZORI is a typical observed asking-rent index spanning rental types, whereas ACS is a five-year survey of occupied renter homes with selected utilities included. The difference therefore describes separate evidence universes. It should not be treated as a matched comparison of identical units, leases, tenant households, or utility packages.","title":"The asking index and survey rent are separate evidence universes"},{"body":"The studio through four-bedroom figures are modelled ZIP estimates created by applying the local HUD bedroom ladder to ZIP-level ZORI. They provide a consistent size-oriented frame around the index, not collected observations of currently advertised studios or apartments. HUD FMR/SAFMR values are administrative standards, so neither the HUD values nor the scaled results establish a particular unit's market asking rent.","title":"Bedroom figures are model outputs, not collected rents"},{"body":"The ZCTA housing evidence indicates a renter-majority occupied stock and a reported aggregate vacancy rate. Those figures describe survey-based housing inventory rather than listing feeds. An aggregate vacant-for-rent count, a rent-burden share, or a structure mix cannot demonstrate that a named home is open, affordable to a given household, properly priced, or offered with any particular lease terms.","title":"Renter-majority stock does not establish unit availability"}],"risks":["The Zillow measure blends rental types at ZIP scope and represents a typical observed asking-rent index. It may not match the price, condition, unit size, utilities, or concession structure of an individual available apartment.","ACS figures apply to the matching ZCTA five-year survey geography, which is a statistical area rather than an identical USPS delivery ZIP. Survey medians and burden shares may not describe a current marketed unit.","HUD FMR/SAFMR is an administrative bedroom-specific standard rather than asking rent. Scaling ZORI with the HUD ladder yields modelled estimates that can organize comparisons but cannot verify an observed bedroom-level market price.","Aggregate vacancy and rent burden are area-level measures. Neither establishes whether a particular unit is vacant, whether a household qualifies, what utilities are included, or what a landlord will charge."],"qa":[{"a":"The measures cover different universes. June 2026 ZORI summarizes typical observed asks at ZIP level and blends rental types. ACS 2024 five-year median gross rent summarizes occupied renter homes, includes selected utilities, and uses matching ZCTA survey geography. A difference can be present in the data without being a like-for-like comparison of currently marketed apartments.","q":"Why is the asking-rent index above the ACS median gross rent?"},{"a":"No. The studio through four-bedroom figures are modelled monthly ZIP estimates. They are calculated by scaling the ZIP ZORI with the local HUD bedroom ladder. HUD FMR/SAFMR is an administrative standard, not a measurement of current asking rents, so the outputs should never be read as collected rents for available units.","q":"Are the bedroom estimates observed bedroom rents?"},{"a":"No. The history reports backward-looking exact same-month changes, annualized monthly-return variability, maximum drawdown, coverage, and transparent discovery ranks. It shows that the latest annual pace is faster than the longer annualized paths, but it does not predict future rents, returns, tenant outcomes, or property performance.","q":"Does the rent history forecast the next year?"},{"a":"They establish reported area-level stock and household conditions within the ACS survey framework. They cannot prove that a particular apartment is currently vacant, offered at a certain rent, affordable for a given applicant, or subject to a specific lease package. Unit-level confirmation requires the actual listing terms and current availability.","q":"What can aggregate vacancy and rent burden establish?"}],"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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rents","release":"Metro_zori_uc_sfrcondomfr_sm_sa_month.csv","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_city","name":"Zillow ZORI — city market rents","release":"zillow_zori_city.csv","pulledAt":"2026-07-29","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_zip","name":"Zillow ZORI — ZIP market rents","release":"ZORI ZIP 2026-06","pulledAt":"2026-08-08","url":"https://www.zillow.com/research/data/"}],"history":[{"period":"2018-01-01","rent":1841.186388},{"period":"2018-02-01","rent":1848.13182},{"period":"2018-03-01","rent":1878.310718},{"period":"2018-04-01","rent":1866.689793},{"period":"2018-05-01","rent":1876.506561},{"period":"2018-06-01","rent":1867.403434},{"period":"2018-07-01","rent":1863.639514},{"period":"2018-08-01","rent":1846.557278},{"period":"2018-09-01","rent":1847.191904},{"period":"2018-10-01","rent":1849.511296},{"period":"2018-11-01","rent":1871.967516},{"period":"2018-12-01","rent":1887.541567},{"period":"2019-01-01","rent":1873.618357},{"period":"2019-03-01","rent":1880.974929},{"period":"2019-04-01","rent":1907.849978},{"period":"2019-05-01","rent":1904.103126},{"period":"2019-06-01","rent":1899.305987},{"period":"2019-07-01","rent":1894.661311},{"period":"2019-08-01","rent":1915.053644},{"period":"2019-09-01","rent":1921.52938},{"period":"2019-10-01","rent":1922.915677},{"period":"2019-11-01","rent":1908.738525},{"period":"2019-12-01","rent":1899.380627},{"period":"2020-01-01","rent":1902.080279},{"period":"2020-02-01","rent":1901.142572},{"period":"2020-03-01","rent":1933.97495},{"period":"2020-04-01","rent":1929.769067},{"period":"2020-05-01","rent":1931.299565},{"period":"2020-06-01","rent":1922.75819},{"period":"2020-07-01","rent":1927.986714},{"period":"2020-08-01","rent":1918.173265},{"period":"2020-09-01","rent":1888.24857},{"period":"2020-10-01","rent":1883.540896},{"period":"2020-11-01","rent":1893.425625},{"period":"2020-12-01","rent":1904.816278},{"period":"2021-01-01","rent":1887.836304},{"period":"2021-02-01","rent":1867.943106},{"period":"2021-03-01","rent":1845.686178},{"period":"2021-04-01","rent":1861.368313},{"period":"2021-05-01","rent":1869.473598},{"period":"2021-06-01","rent":1882.201054},{"period":"2021-07-01","rent":1865.659057},{"period":"2021-08-01","rent":1877.789854},{"period":"2021-09-01","rent":1903.25682},{"period":"2021-10-01","rent":1927.777513},{"period":"2021-11-01","rent":1945.09454},{"period":"2021-12-01","rent":1962.712972},{"period":"2022-01-01","rent":2000.741172},{"period":"2022-02-01","rent":2017.217469},{"period":"2022-03-01","rent":2028.393603},{"period":"2022-04-01","rent":2020.550469},{"period":"2022-05-01","rent":2034.684626},{"period":"2022-06-01","rent":2040.652407},{"period":"2022-07-01","rent":2085.765607},{"period":"2022-08-01","rent":2122.284746},{"period":"2022-09-01","rent":2143.052939},{"period":"2022-10-01","rent":2160.112069},{"period":"2022-11-01","rent":2149.554218},{"period":"2022-12-01","rent":2152.614574},{"period":"2023-01-01","rent":2140.873436},{"period":"2023-02-01","rent":2186.024267},{"period":"2023-03-01","rent":2222.034505},{"period":"2023-04-01","rent":2223.614292},{"period":"2023-05-01","rent":2214.587146},{"period":"2023-06-01","rent":2221.201386},{"period":"2023-07-01","rent":2234.05763},{"period":"2023-08-01","rent":2213.095017},{"period":"2023-09-01","rent":2233.78337},{"period":"2023-10-01","rent":2233.274095},{"period":"2023-11-01","rent":2260.612415},{"period":"2023-12-01","rent":2229.615057},{"period":"2024-01-01","rent":2256.808914},{"period":"2024-02-01","rent":2254.063437},{"period":"2024-03-01","rent":2277.285486},{"period":"2024-04-01","rent":2301.985239},{"period":"2024-05-01","rent":2298.408886},{"period":"2024-06-01","rent":2307.24594},{"period":"2024-07-01","rent":2293.654034},{"period":"2024-08-01","rent":2306.30841},{"period":"2024-09-01","rent":2313.957332},{"period":"2024-10-01","rent":2331.622459},{"period":"2024-11-01","rent":2348.646961},{"period":"2024-12-01","rent":2395.12149},{"period":"2025-01-01","rent":2388.195614},{"period":"2025-02-01","rent":2362.112845},{"period":"2025-03-01","rent":2329.60461},{"period":"2025-04-01","rent":2363.719402},{"period":"2025-05-01","rent":2382.700204},{"period":"2025-06-01","rent":2414.503594},{"period":"2025-07-01","rent":2436.273711},{"period":"2025-08-01","rent":2456.253019},{"period":"2025-09-01","rent":2462.481341},{"period":"2025-10-01","rent":2472.965503},{"period":"2025-11-01","rent":2476.406414},{"period":"2025-12-01","rent":2484.04617},{"period":"2026-01-01","rent":2507.218557},{"period":"2026-02-01","rent":2550.282922},{"period":"2026-03-01","rent":2588.918975},{"period":"2026-04-01","rent":2581.442578},{"period":"2026-05-01","rent":2603.58266},{"period":"2026-06-01","rent":2606.386243}],"historySummary":{"pointCount":101,"firstPeriod":"2018-01-01","latestPeriod":"2026-06-01","coverageMonths":102,"coverageRatio":0.9901960784313726,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":2414.503594,"endRent":2606.386243,"change":0.07947084836685492,"cagr":0.07947084836685492},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":2221.201386,"endRent":2606.386243,"change":0.17341284740221186,"cagr":0.05475181074403079},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":188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