At $3,238 in June 2026, the current ZIP 11375 asking-rent reading creates a measurable affordability tension: its 7.4% year-over-year rise comes alongside a $129,520 annual income figure under the 30% screen, above the matched area’s $105,904 median household income. Zillow ZORI is the typical observed asking-rent index, blended across rental types, rather than a lease-by-lease contract-rent series. Thus, the income comparison describes a broad arithmetic screen based on the index, not an applicant qualification rule, a household budget finding, or evidence about what any available home commands. The current reading is useful as a market signal, but its different scope from household survey data is central to interpretation.
The backward-looking ZORI history supports a stable-growth reading, though it does not establish a forecast. Exact same-month change was 7.4% over one-year, 5.9% over three-year, and 7.8% over five-year periods. Recent direction therefore confirms the longer positive path and is faster than the three-year pace, while remaining slightly below the five-year pace. History has 100% coverage. Monthly index movements translate to 2.8% annualized variability, which supports somewhat more confidence in a current snapshot than a highly erratic series would; separately, the largest recorded decline from a prior peak was 4.5%, showing that the path was not uninterrupted. Transparent national discovery ranks among history-eligible ZIPs were 91 for momentum, 1,272 for stability, and 179 for the balanced measure; these are comparative discovery tools, not forecasts or recommendations.
The five-digit label is both a Zillow ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In the ACS 2024 five-year survey, median gross rent for occupied renter homes was $2,175, with a $42 margin of error, and that measure includes selected utilities. The current $3,238 Zillow asking-rent index is therefore 48.9% higher than the ACS survey median, but the gap does not mean that either source is wrong. One measures a typical observed asking-rent index across available rental types, while the other summarizes surveyed occupied renter homes over a multi-year period with a different rent concept.
Bedroom figures should be read as modelled estimates rather than measured bedroom rents. Scaling ZIP ZORI through the local HUD ladder produces monthly modelled estimates of $2,349 for a studio, $2,724 for one bedroom, $3,238 for two bedrooms, $3,966 for three bedrooms, and $4,570 for four bedrooms. The local HUD standards underlying that ladder run from $1,898 for a studio to $3,693 for four bedrooms. HUD FMR or SAFMR is an administrative, bedroom-specific standard, not an asking-rent observation. The model is useful for preserving local bedroom spacing around the ZIP index, but it cannot establish the actual asking rent, concessions, condition, or utility treatment of a particular sized unit.
Survey burdens and housing composition add context without converting a ZIP-wide measure into a unit-level conclusion. Among 16,855 ACS renter households, 7,405, or 43.9%, reported gross-rent burdens at or above the screen used here. That share reflects surveyed occupied renter households, not the affordability of a specific listing. The same ZCTA survey reports 35,673 housing units, a 4.5% vacancy rate, and a 49.5% renter share. Larger multifamily structures account for 24,778 units, compared with 6,614 single-family units. Vacancy and structure counts describe the area’s stock and occupancy pattern; they do not prove that a given apartment is available, appropriately priced, or affordable to a particular household.
Wider benchmarks place the ZIP near its county rent context but below broader city and metro readings: New York City scope Zillow rent was $4,133, Queens County scope Zillow rent was $3,256, and New York-Newark-Jersey City metro scope Zillow rent was $3,573. Each is context for its named geography, not a substitute for the direct ZIP measure. The ZIP’s current index is therefore much closer to the county figure than to the citywide or metro values, yet this proximity should not be treated as a property comparison. Geographic coverage, rental mix, timing, and source construction can differ across those broader context series.
Redfin’s direct rolling-three-month ZIP resale observation belongs strictly to the for-sale market, not rental transactions. It reports a median sold price of $438,901, up 2.1% year over year, with 151 homes sold and median days on market of 75. Inventory stood at 325 homes and months of supply at 6.5. Sale-to-list signals were measured at 98.9% on average, with 16.3% of homes selling above list. These resale signals create a useful tension with rent history: asking-rent growth outpaced sold-price growth, while marketing time, supply, and below-list average sale performance indicate a resale environment that cannot be reduced to the rent trend. The 8.85% screening ratio, calculated as annualized ZIP ZORI divided by median sold price, is only a cross-source screen and does not measure property-level economics.
The evidence is strongest for describing aggregate rent, survey, administrative-standard, and resale conditions at their separate scopes. It cannot identify a specific home’s contract rent, bedroom fit, utility bills, vacancy status, repair needs, listing history, financing terms, taxes, operating costs, or legal configuration. A property-level review would need the active asking price and concessions, comparable current listings with matching bedroom count, lease and utility terms, physical condition, exact location, and direct sale or listing records. It should also verify whether the relevant address falls within the same delivery ZIP and whether its characteristics resemble the stock represented by the broader index and survey measures.
","findings":[{"body":"ZIP 11375’s current Zillow ZORI is $3,238, after a 7.4% one-year increase. Applying the supplied 30% arithmetic screen produces $129,520 of annual income, above the ZCTA’s $105,904 median household income. This is a market-level comparison, not a judgment about any household’s ability to rent or any listing’s actual terms.","title":"Asking-rent growth exceeds the broad income screen"},{"body":"Same-month ZORI change was positive over one, three, and five years, with the latest one-year pace above the three-year pace but slightly below the five-year pace. Low measured variability supports greater confidence in the current index than a highly unstable series would, although the prior maximum drawdown shows that rent movements were not uniformly upward.","title":"History is positive but not risk-free"},{"body":"The ACS ZCTA median gross rent of $2,175 summarizes occupied renter homes in a five-year survey and includes selected utilities. Zillow ZORI instead tracks a typical observed asking-rent index across rental types. Their sizable difference is informative about source construction and timing, but it should not be interpreted as a direct measure of concessions, lease renewals, or any individual apartment.","title":"Survey rent and asking rent answer different questions"},{"body":"Redfin’s direct ZIP resale observation showed 75 median days on market, 6.5 months of supply, and an average sale-to-list result below list, even as median sold price rose year over year. Those for-sale indicators are not rental evidence, but they challenge any simplistic interpretation that stronger asking-rent history alone describes every housing-market condition.","title":"Resale data temper a simple rent-only interpretation"}],"risks":["The Zillow asking-rent index, ACS occupied-household survey, HUD administrative standards, and Redfin resale observations use different populations, time structures, and rent or price concepts, limiting direct substitution among them.","The modelled bedroom ladder preserves HUD bedroom spacing around ZIP ZORI, but it cannot capture building quality, unit condition, concessions, included utilities, lease length, or the actual availability of a specific bedroom type.","ACS burden and vacancy measures describe surveyed households and aggregate housing stock in the matched ZCTA; they cannot establish affordability, vacancy, or tenant demand for a particular apartment or building.","The resale screening ratio combines annualized asking-rent indexing with a median sold price from a separate for-sale dataset, so it omits property-specific costs, financing, expenses, taxes, and transaction differences."],"qa":[{"a":"The measures cover different evidence universes. Zillow ZORI is a current typical observed asking-rent index blended across rental types, while ACS median gross rent is a five-year survey measure of occupied renter homes that includes selected utilities. Timing, occupancy status, rental mix, and utility treatment can all contribute to a difference without proving an error in either source.","q":"Why is Zillow ZORI higher than ACS median gross rent here?"},{"a":"No. The studio through four-bedroom figures are modelled monthly estimates created by scaling the ZIP-level Zillow ZORI with the local HUD bedroom ladder. HUD FMR or SAFMR is an administrative bedroom-specific standard rather than asking-rent evidence. The estimates help organize relative bedroom sizing, but they do not replace current comparable listings.","q":"Are the bedroom rent figures observed market rents?"},{"a":"The history shows positive exact same-month changes over one, three, and five years, with relatively low annualized monthly-return variability. That supports more confidence in the current index than a highly volatile rent series would merit. However, the recorded maximum drawdown demonstrates that historical rent movements were not continuous and should be read as backward-looking measurements only.","q":"What does the rent history say about confidence in the current reading?"},{"a":"It is only a cross-source screening calculation: annualized ZIP ZORI divided by Redfin’s median sold price for the direct rolling-three-month ZIP resale observation. It does not account for building expenses, taxes, financing, repairs, transaction costs, unit condition, vacancy, or lease terms. It should therefore remain separate from property-level economic analysis.","q":"How should the Redfin screening ratio be used?"}],"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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