Rent and resale are sending different signals in June 2026. Zillow ZORI for 33428 is $2,736 per month, up 1.39% from the same month a year earlier. This is Zillow’s typical observed asking-rent index, blended across rental types, rather than a quote for a particular available home. In the direct ZIP resale observation, the median sold price is $569,371, having risen 11.64% year over year. Annualized ZIP ZORI divided by that sale price produces a 5.77% cross-source screening ratio only. The contrast between modest asking-rent growth and stronger sold-price growth is the central current tension, because the two series describe different markets and do not establish property economics.
The longer Zillow history shows that recent direction has softened from, rather than fully confirmed, the earlier rent path. Exact same-month annualized ZORI changes were 1.39% over one year, 1.62% over three years, and 4.55% over five years. Thus, asking rents remain above earlier same-month levels, but the newest pace is below both longer comparison rates. Monthly rent changes were classified as high variability, with 3.52% annualized volatility; that movement makes one current index reading less definitive than a smooth series would. Separately, the largest recorded peak-to-trough decline was 3.19%, evidence that declines have occurred in the observed path. The history has full coverage across 138 observations and 137 consecutive returns. Transparent national discovery ranks among history-eligible ZIPs are 1,752 for momentum, 2,257 for stability, and 2,320 for the balanced measure; these are backward-looking measurements, not forecasts or investment recommendations.
The bedroom figures are modelled estimates, not measured bedroom rents. They scale the ZIP ZORI through the local HUD ladder and place a studio at $2,097, a one-bedroom at $2,229, a two-bedroom at $2,736, a three-bedroom at $3,667, and a four-bedroom at $4,237 monthly. HUD’s two-bedroom standard is $2,333. HUD FMR or SAFMR is an administrative, bedroom-specific standard rather than asking rent, so the modeled two-bedroom estimate being 117.3% of that standard does not demonstrate that two-bedroom listings transact at that amount. Bedroom, property type, included utilities, lease length, and condition can all make an individual listing depart from this scaling exercise.
Income and burden data frame a separate affordability screen. The matched Census ZCTA’s ACS 2024 five-year survey reports median household income of $88,543, while a 30% rent-to-income calculation using the current asking index requires $109,440 of annual income. That arithmetic screen equals 37.1% of the reported median income; it is neither advice nor an applicant qualification rule. ACS median gross rent is $2,432, or 12.5% below the Zillow asking-rent index. The difference is expected in part because ACS is a five-year survey of occupied renter homes and gross rent includes selected utilities, unlike a current asking-rent index. In that ACS renter universe, 3,503 of 5,511 renter households, or 63.6%, reported spending at least 30% of income on rent. This burden share cannot prove affordability or payment stress for any particular home.
The matched ZCTA contains 18,129 housing units, including 1,630 vacant units, for a 9.0% overall vacancy rate. Renters account for roughly one-third of occupied households, while the stock has more single-family units than large multifamily units. Of the vacant stock, 388 units were classified as for rent and 711 as seasonal. Those categories are useful for describing the survey’s housing composition, but neither is a count of immediately rentable, suitably sized, or competitively priced homes. A seasonal vacancy can differ materially from a long-term rental opportunity, and a unit marked for rent may have a different condition, lease structure, utility package, or bedroom configuration from the ZORI blend.
At wider scopes, the Boca Raton city Zillow-rent context, Palm Beach County Zillow-rent context, and Miami-Fort Lauderdale-Pompano Beach metro Zillow-rent context are each above the ZIP’s current Zillow asking-rent index. Those are city, county, and metro context values rather than substitutes for 33428 evidence. The ZIP’s ACS vacancy rate is below the city and county ACS vacancy contexts, while the ZIP renter share is near the Boca Raton city context and above the county context. These comparisons help position the ZIP within supplied broader data, but differences in geography, housing mix, survey universe, and index construction prevent them from serving as ZIP-level rental comps.
The Redfin evidence is a direct rolling-three-month ZIP resale observation, not rental transactions. It records 132 homes sold, a median marketing time of 56 days, 406 active listings, and inventory of 241 homes. Months of supply stand at 5.5. Sellers received an average 95.92% of list price, only 7.04% of sales closed above list, and 29.11% of listings went off market within two weeks. Taken together, these figures describe resale liquidity and pricing signals rather than landlord income, renter demand, or apartment availability. The higher sold-price change alongside slower current ZORI growth challenges a simple reading of the rent-price screening ratio: resale appreciation is visible in this observation, while asking-rent momentum is comparatively muted.
Several limits matter before attaching this ZIP-level evidence to a specific property. The five-digit label 33428 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. Zillow, ACS, HUD, and Redfin use distinct universes and timing, and ACS estimates also carry survey uncertainty. Property-level review should verify the address’s market assignment, current advertised rent, bedroom count, property type, utilities included, lease terms, concessions, and whether a listing is still available. For resale comparison, the relevant checks are the individual home’s list history, condition, days on market, closed-sale comparability, and actual sale-to-list result. Those checks can test fit to the broad indicators without treating vacancy, burden, modelled rents, or resale data as proof about one unit.
","findings":[{"body":"The current Zillow asking-rent index rose 1.39% year over year, compared with annualized same-month growth of 1.62% over three years and 4.55% over five years. That pattern indicates a slower recent pace while still leaving rents above earlier same-month readings. High monthly variability and a documented drawdown reduce confidence in interpreting one current snapshot as a stable trend.","title":"Recent rent growth trails the longer path"},{"body":"The 30% income screen derived from current Zillow asking rent exceeds the matched ZCTA’s ACS median household income. ACS gross rent is lower because it covers occupied renter homes over a five-year survey period and includes selected utilities. The reported rent-burden share is meaningful population evidence, but it does not determine whether an individual household or home is affordable.","title":"Affordability measures describe different renter populations"},{"body":"Redfin’s direct ZIP observation shows positive sold-price movement, measurable sales volume, several months of supply, and average sales below list price. These are for-sale market signals only. The annualized-rent-to-price figure can compare two supplied series at a high level, but it does not include expenses, financing, vacancy at a specific property, or lease execution.","title":"Resale conditions do not validate rental economics"},{"body":"The studio-through-four-bedroom figures are generated by scaling ZIP ZORI with the local HUD bedroom ladder. They are useful for a consistent size framework, but they are not observed rents for available units. Individual rents can diverge because the source index blends rental types, while actual listings vary in condition, utilities, lease terms, and property configuration.","title":"Bedroom rents are scaled estimates"}],"risks":["The current Zillow figure is a blended asking-rent index, so it may not match the bedroom mix, property type, utility treatment, concessions, or lease duration of a specific available home.","ACS gross rent and burden estimates describe occupied renter households over a five-year survey period, include selected utilities, and carry sampling uncertainty that limits direct comparison with current listings.","Vacancy categories do not establish immediately available long-term rental supply. Seasonal and for-rent units may be unavailable, unsuitable, differently priced, or subject to conditions not visible in ZIP aggregates.","Redfin resale metrics concern completed for-sale transactions and listings within a rolling observation period. They cannot establish rental demand, landlord costs, unit-level income, or the economics of a particular property."],"qa":[{"a":"They measure different universes. Zillow ZORI is a current typical observed asking-rent index blended across rental types. ACS median gross rent is a five-year survey measure for occupied renter homes and includes selected utilities. HUD FMR or SAFMR is an administrative bedroom-specific standard, not an observed asking-rent measure.","q":"Why do Zillow ZORI, ACS gross rent, and HUD bedroom standards differ?"},{"a":"It divides the current monthly Zillow asking-rent index by the 30% income threshold and annualizes the result. The calculation is an arithmetic affordability screen for comparing the index with area income data. It is not financial advice, a tenant-screening standard, or a rule determining whether any applicant qualifies.","q":"What does the 30% required-income calculation mean here?"},{"a":"The history documents slower recent annualized growth than the three-year and five-year comparisons, alongside high monthly-return variability and a recorded peak-to-trough decline. Full observation coverage supports the completeness of the supplied series, but variability means the latest ZORI should be read as one point within a changing historical path rather than a guaranteed trajectory.","q":"How should the rent history affect confidence in the current index?"},{"a":"It adds direct ZIP information about the for-sale market: sold prices, sales activity, marketing time, listing counts, supply, and sale-to-list behavior. That evidence can reveal whether resale pricing is moving differently from asking rents, as it does here. It does not provide rental comps, lease outcomes, operating costs, or property-specific financial results.","q":"What does the resale evidence add to the rental picture?"}],"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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