For this ZIP, the distinctive decision question is whether the June 2026 typical asking-rent signal matches a household's budget and needed bedroom size, not whether it reproduces a survey median or a federal standard. Zillow ZORI is $1,467 per month, up 4.2% from a year earlier, and is a typical observed asking-rent index blended across rental types. The five-digit label 44107 is both a Zillow ZIP market identifier and a matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. That scope distinction matters before treating a ZIP-wide index as a quote for one property or assuming it describes every rental type.
The bedroom view is a modelled ladder built by scaling ZIP ZORI with the local HUD schedule. It produces modelled monthly estimates of $1,070 for a studio, $1,214 for one bedroom, $1,467 for two bedrooms, $1,888 for three bedrooms, and $2,019 for four bedrooms. These are modelled estimates, never measured bedroom rents, and should not be read as a count of available units or as property quotes. The scale reflects the relative HUD ladder: FY2026 standards run from $933 for a studio to $1,760 for four bedrooms. Its practical use is consistent size comparison around the ZIP index, while a property's stated bedroom count and asking price still require separate confirmation.
Three rent series are not interchangeable. In the matched ZCTA, ACS 2024 5-year median gross rent is $1,070, with a $30 90% margin of error; it is a five-year survey of occupied renter homes and includes selected utilities. Zillow's $1,467 index is 37.1% above that survey median, but the gap does not convert one universe into the other: it contrasts current typical observed asking rents with occupied-home survey responses. HUD's FY2026 two-bedroom FMR/SAFMR is $1,279, and the Zillow index is 14.7% higher. HUD FMR/SAFMR is an administrative, bedroom-specific standard, not asking rent, so it supports the modelled ladder rather than serving as a competing market observation.
Affordability indicators add a different lens rather than a household outcome. Median household income in the matched ZCTA is $68,970. Applying a 30% rent-to-income screen arithmetically to the current monthly index produces $58,680 in annual income, and the index equals 25.5% of reported median household income on that same simple annualized calculation. This is arithmetic, not advice or an applicant qualification rule. Renters make up 55.6% of occupied homes. In ACS observations, 35.4% of renter households report gross-rent burdens at or above that screen; this is an observed aggregate burden measure, not evidence about a particular applicant or unit.
Housing stock frames supply only at an aggregate scale. The matched ZCTA reports 29,148 housing units and a 7.8% vacancy rate, equivalent to 2,267 vacant units against 26,881 occupied units. Of the vacant stock, 748 units are reported for rent, while 108 are for sale and 180 are seasonal; these categories do not establish that a particular unit is advertised, suitable, or currently available. The structure table records 11,754 single-family units and 7,484 units in large multifamily buildings. These counts describe the survey area's stock and vacancy composition, not turnover, condition, concessions, or any particular unit's availability.
For context only, the Lakewood city scope reports an approximately $1,466 rent index, the Cuyahoga County scope reports $1,465, and the Cleveland-Elyria, OH metro scope reports $1,474; these wider comparisons are not substitutes for the ZIP series. The Lakewood city scope has a 7.7% vacancy rate, while the Cuyahoga County scope has a 9.9% rate and a 48.4% observed renter-burden share. In the Cleveland-Elyria, OH metro scope, median household income is $70,678. Scope differences, including city boundaries, county aggregation, and metro aggregation, mean apparent proximity should be read as context rather than evidence that another geography's rents or housing conditions apply to this ZIP.
Limits are material. ZORI is an index rather than a unit-level quote; ACS describes a matched statistical area over five years, and HUD supplies an administrative standard. The modelled bedroom figures inherit their relationship to the HUD ladder, while gross rent's selected-utility treatment may differ from a listing's charge structure. At the property level, check the advertised monthly asking rent, bedroom classification, lease term, availability date, included and separately billed utilities, fees, deposits, concessions, and whether the home is actually offered. Also check the exact delivery ZIP, because the ZCTA match does not prove that a listing falls in the same postal-service boundary. Those checks preserve distinctions that ZIP-wide, survey, and administrative figures cannot resolve.
","findings":[{"body":"Zillow places the current typical asking-rent index above the older gross-rent survey measure, but they are intentionally different observations. The index follows current observed asking rents across blended rental types. The survey summarizes occupied renter homes and selected utilities over its multi-year collection period. The difference is useful as a timing and coverage distinction, not a conversion factor or a unit-level price claim.","title":"Current asking-rent signal"},{"body":"Modelled studio through four-bedroom values use the ZIP index and the local HUD ladder. Their pattern expresses the HUD bedroom differentials after scaling, not a separate sample of advertised studio, one-bedroom, or larger homes. HUD is an administrative standard and the ladder remains useful for consistent internal sizing. A listing can differ because these estimates do not measure that listing's rent, utilities, fees, availability, or lease terms.","title":"Bedroom estimates are modelled"},{"body":"The income screen is a transparent annual arithmetic comparison using the ZIP index, not a tenant eligibility decision. The reported household-income figure is a ZCTA-wide median, while the burden statistic is an ACS observation for occupied renter households. Together they show aggregate relationship and reported burden, but do not establish a particular renter's income, expenses, qualification, or the affordability of a specific property.","title":"Income and burden are aggregate screens"},{"body":"Vacancy and structure counts describe the matched ZCTA's aggregate stock rather than a live inventory feed. The for-rent vacancy category is only one component of vacant housing, alongside categories such as for-sale and seasonal homes. City, county, and metro comparisons add wider context, but their boundaries and aggregation differ from the ZIP and ZCTA evidence universes. None verifies a unit's availability or condition.","title":"Vacancy is not live inventory"}],"risks":["Because ZORI is a blended typical asking-rent index, it may not match the bedroom, charge structure, lease terms, or availability of an individual advertised property. Treating the index as a quote would overstate precision.","ACS gross rent and burden data are survey estimates for occupied renter homes in the matched ZCTA, not current listing records; their timing and selected-utility coverage differ from the Zillow index.","The reported for-rent vacancy count is an aggregate survey category, not evidence that a desired unit is vacant, suitable, advertised, or obtainable at the modelled monthly estimate.","HUD standards support the relative bedroom model but are administrative benchmarks rather than market asking rents, so they cannot validate a property's listed price or determine an applicant's qualification."],"qa":[{"a":"In this packet, the label is both the Zillow ZIP market identifier for the asking-rent index and the Census ZCTA match for survey data. A ZCTA is a statistical area used for Census tabulation; it is not identical to a USPS delivery ZIP. The report therefore does not assume postal boundaries and survey boundaries are interchangeable.","q":"Why does the ZIP label need scope care?"},{"a":"No. The bedroom amounts are modelled estimates created by scaling the ZIP-wide ZORI with the local HUD bedroom ladder. They retain the ladder's relative size pattern but are not measured bedroom rents, listings, or unit observations. They cannot establish what a particular studio or larger property charges, includes, or has available.","q":"Are the bedroom numbers observed rents?"},{"a":"Zillow tracks a typical observed asking-rent index blended across rental types. ACS is a five-year survey of occupied renter homes, and its gross-rent measure includes selected utilities. HUD is an administrative bedroom-specific standard. Because timing, coverage, and purpose differ, comparisons describe context and gaps rather than create one unified rent measure or a direct property valuation.","q":"Why do Zillow, ACS, and HUD rent figures differ?"},{"a":"They provide aggregate evidence only. The burden statistic reports how surveyed renter households allocate income to gross rent, while vacancy categories classify stock in the matched ZCTA. Neither measure identifies a live listing, its condition, an applicant's finances, lease terms, or whether a unit can actually be rented.","q":"What can burden and vacancy tell me about a property?"}],"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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