At $1,218, the current Zillow ZORI for 64052 presents a rent snapshot with positive but moderating backward-looking growth. The exact same-month one-year change was 4.95%, the three-year annualized change was 5.07%, and the five-year annualized change was 7.38%. Thus, recent direction confirms the longer positive path, while the latest one- and three-year pace breaks from the faster five-year trajectory. History coverage is 100% across 69 observations. Its 3.98% annualized monthly-return variability places the series in the supplied high-variability category, so a single current reading merits less confidence as a stable reference than a smoother history would support. Separately, the maximum drawdown was 2.72%, a contained historical decline but evidence that the path was not uninterrupted. National discovery ranks were 326 for momentum, 2,582 for stability, and 1,136 for the balanced measure, where lower ranks are stronger.
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. Zillow ZORI is a typical observed asking-rent index blended across rental types, whereas the ACS five-year median gross rent of $1,128 describes occupied renter homes and includes selected utilities. The asking-rent index stands 8.0% above that ACS measure, a difference consistent with distinct populations and rent concepts rather than a direct contradiction. HUD FMR/SAFMR is an administrative, bedroom-specific standard rather than asking rent; its local two-bedroom standard is $1,230. These sources should therefore remain separate when interpreting the ZIP's current rental signals.
The bedroom figures are modelled estimates, not measured bedroom rents. Scaling ZIP ZORI through the local HUD ladder produces monthly estimates of $980 for a studio, $1,069 for one bedroom, $1,218 for two bedrooms, $1,584 for three bedrooms, and $1,881 for four bedrooms. The ladder is useful for placing the blended asking-rent index into a consistent bedroom pattern, but it does not establish what a particular advertised unit rents for. In particular, differences in utilities, lease terms, condition, size, and property type can make a unit's actual asking rent diverge from these modelled amounts even when the bedroom count matches.
Against the ACS ZCTA median household income of $59,007, annual income needed to cover the current ZORI at the 30% screen is $48,720. That arithmetic produces an asking-rent-to-income screen of 24.8%, below the stated threshold, but it is not advice and not an applicant qualification rule. The ACS count includes 4,173 renter-occupied homes, of which 1,615 renter households, or 38.7%, were reported as spending 30% or more of income on rent. That burden statistic is a five-year survey measure for occupied renter homes, not evidence about any particular unit, leaseholder, or future rent. It nonetheless adds an affordability tension: the ZIP-wide income screen looks below 30% while a substantial surveyed share reported higher rent burdens.
Housing composition provides another limit on a broad rent reading. The ACS ZCTA contained 10,647 housing units, with a 10.9% vacancy rate; its structure count included 9,221 single-family units and 155 units in large multifamily structures. Those counts describe the area-wide stock and cannot establish availability or vacancy for a specific rental. For wider asking-rent context, the Independence city context value was $1,378, the Jackson County context value was $1,434, and the Kansas City, MO-KS metro context value was $1,545. Each is a broader-geography context figure, not a ZIP rental comparable. The ZIP ZORI is below all three, while the higher ZIP vacancy rate signals a stock condition that should not be interpreted as proof of current rental choice.
Redfin supplies a distinct for-sale lens: its direct rolling-three-month ZIP resale observation reported a median sold price of $189,957, up 2.68% year over year. It recorded 107 homes sold, a median 20 days on market, 182 active listings, and an inventory count of 58 homes. The reported 1.6 months of supply indicates relatively limited listed supply at the observed selling pace, rather than a rental vacancy measure. Sale-to-list evidence was also firm: the average sale-to-list ratio was 100.5%, 40.42% of sales closed above list, and 63.59% went off market within two weeks. These are direct ZIP resale liquidity and pricing signals only; Redfin describes for-sale transactions, not rental transactions, rental comparables, or property operating economics.
Annualizing the current ZIP ZORI gives $14,616, and dividing that figure by Redfin's median sold price yields a 7.69% screening ratio. This cross-source ratio is only a screening ratio, not a cap rate, net return, expected return, or property yield. A central tension is that the resale evidence shows limited supply, quick marketing, and sale-to-list strength while the asking-rent history has high variability and a recent pace below its five-year annualized rate. The resale evidence may confirm that the for-sale side was active, but it cannot validate rental cash flow, predict rent movement, or resolve whether the current asking-rent index is representative of a particular property.
The evidence has material scope limits. ACS values are survey estimates for a matched ZCTA and carry sampling uncertainty; Zillow is a blended asking-rent index; HUD is an administrative standard; and Redfin is a rolling ZIP resale observation. Concrete property-level checks would distinguish an advertised rent from the ZORI by confirming the lease ask, included utilities, bedroom count, floor area, condition, concessions, availability date, and property type. On the resale side, a reader would need the subject property's sale record, list history, physical condition, and transaction terms rather than relying on the ZIP median. The unresolved question is whether the specific property being evaluated aligns with the separate rental, household-survey, HUD, and resale universes summarized here.
","findings":[{"body":"The one-year and three-year rent changes remained positive, yet both were slower than the five-year annualized rate. Full observation coverage strengthens confidence that the history was captured, but the supplied high-variability classification and weaker stability discovery rank mean the path was uneven. The current Zillow ZORI is therefore a useful observed asking-rent benchmark, not a stable guarantee of any individual listing's rent.","title":"Positive rent history, but less certainty in the current snapshot"},{"body":"The ZIP-wide arithmetic screen places the current asking-rent index below the stated income threshold when compared with median household income. However, the ACS renter survey also reports a meaningful share of occupied renter households paying at least 30% of income toward rent. Those results are not inconsistent because they measure different household situations, rent definitions, utilities treatment, and survey periods.","title":"Affordability screens point in different directions"},{"body":"Redfin's direct ZIP resale data showed short marketing time, limited months of supply, an average sale-to-list result above parity, and a sizable share of sales above list. Those observations indicate active for-sale market conditions during the rolling measurement window. They do not convert into rental transactions or operating results, and they sit beside a rent history with meaningful month-to-month variability.","title":"Resale conditions appear firmer than rent-history certainty"},{"body":"The studio-through-four-bedroom amounts are modelled estimates created by scaling the blended ZIP Zillow ZORI with the local HUD ladder. They provide a coherent relative bedroom structure, especially where direct bedroom-level asking-rent observations are not supplied. They should not be treated as measured rents, appraisal evidence, lease quotes, or proof that any available unit matches the indicated amount.","title":"Bedroom amounts are a scaling framework"}],"risks":["Zillow asking rent, ACS gross rent, and HUD standards cover different universes, dates, and utility treatments. Combining them as if they were interchangeable can materially distort a property-level rent conclusion.","The rent history is backward-looking and classified as high variability. Positive annualized changes do not eliminate the possibility that a current Zillow ZORI snapshot is sensitive to short-term movement or index composition.","ACS vacancy, renter burden, housing stock, and income statistics describe a matched ZCTA survey universe with sampling uncertainty. They cannot prove availability, tenant finances, utility costs, or rent burden for a particular dwelling.","Redfin's rolling ZIP resale metrics measure for-sale transactions and listings, not rental operations. Limited months of supply and above-list sales do not establish a property's rent, expenses, financing outcome, or future resale result."],"qa":[{"a":"Zillow ZORI is a 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. Asking rents, occupied-home rents, survey timing, household mix, and utility treatment differ, so the gap should not be read as a direct data conflict.","q":"Why is the Zillow asking-rent index higher than ACS median gross rent?"},{"a":"No. The bedroom amounts are modelled estimates created by applying the local HUD bedroom ladder to the ZIP Zillow ZORI. They are intended to show a relative studio-through-four-bedroom scale. They are not measured bedroom rents and cannot capture a specific unit's condition, lease structure, utility package, size, concessions, or availability.","q":"Are the bedroom rent figures actual observed rents for 64052?"},{"a":"Redfin's months of supply is part of a direct rolling-three-month ZIP resale observation. It describes listed for-sale supply relative to the observed pace of sales, helping characterize resale liquidity and market balance. It is not a rental vacancy rate, a count of available rental homes, or evidence that rental demand has changed.","q":"What does Redfin's months of supply measure in this report?"},{"a":"No. The screen is simply arithmetic: annualizing the ZIP asking-rent index and comparing it with an income level at a 30% housing-cost share. It is not financial advice, an underwriting standard, or an applicant qualification rule. Actual affordability depends on a household's verified income, debts, utilities, lease terms, and other expenses.","q":"Does the 30% required-income screen determine whether a household can afford a unit?"}],"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 FY2026","pulledAt":"2026-07-26","url":"https://www.huduser.gov/portal/datasets/usps_crosswalk.html"},{"key":"realtor_county","name":"Realtor.com Economic Research — county listing inventory","release":"county inventory 2026-06","pulledAt":"2026-07-28","url":"https://www.realtor.com/research/data/"},{"key":"redfin","name":"Redfin Data Center — inventory, days on market, and price cuts","release":"metro tracker through 2026-05-01","pulledAt":"2026-07-26","url":"https://www.redfin.com/news/data-center/"},{"key":"redfin_zip","name":"Redfin Data Center — ZIP resale activity and supply","release":"ZIP rolling 3 months through 2026-06-30; updated 2026-07-03","pulledAt":"2026-08-12","url":"https://www.redfin.com/news/data-center/"},{"key":"zillow_county","name":"Zillow ZHVI and ZORI — county values and rents","release":"county ZHVI/ZORI 2026-06","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori","name":"Zillow ZORI — metro market 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":"2020-10-01","rent":814.10265},{"period":"2020-11-01","rent":837.907313},{"period":"2020-12-01","rent":853.035298},{"period":"2021-01-01","rent":856.243507},{"period":"2021-02-01","rent":856.275966},{"period":"2021-03-01","rent":860.096571},{"period":"2021-04-01","rent":856.854371},{"period":"2021-05-01","rent":853.0509},{"period":"2021-06-01","rent":852.903193},{"period":"2021-07-01","rent":879.814873},{"period":"2021-08-01","rent":903.466732},{"period":"2021-09-01","rent":925.654236},{"period":"2021-10-01","rent":913.120685},{"period":"2021-11-01","rent":923.25953},{"period":"2021-12-01","rent":932.520292},{"period":"2022-01-01","rent":949.827806},{"period":"2022-02-01","rent":956.601802},{"period":"2022-03-01","rent":952.449986},{"period":"2022-04-01","rent":963.309831},{"period":"2022-05-01","rent":974.95392},{"period":"2022-06-01","rent":991.281936},{"period":"2022-07-01","rent":988.311496},{"period":"2022-08-01","rent":985.289282},{"period":"2022-09-01","rent":1000.059563},{"period":"2022-10-01","rent":1012.716052},{"period":"2022-11-01","rent":1023.204775},{"period":"2022-12-01","rent":1015.371324},{"period":"2023-01-01","rent":1012.634208},{"period":"2023-02-01","rent":1019.769575},{"period":"2023-03-01","rent":1035.355431},{"period":"2023-04-01","rent":1045.720948},{"period":"2023-05-01","rent":1049.842819},{"period":"2023-06-01","rent":1049.744764},{"period":"2023-07-01","rent":1046.708946},{"period":"2023-08-01","rent":1059.602198},{"period":"2023-09-01","rent":1060.110866},{"period":"2023-10-01","rent":1077.337304},{"period":"2023-11-01","rent":1054.889266},{"period":"2023-12-01","rent":1056.689289},{"period":"2024-01-01","rent":1067.584442},{"period":"2024-02-01","rent":1090.41965},{"period":"2024-03-01","rent":1101.483592},{"period":"2024-04-01","rent":1098.725815},{"period":"2024-05-01","rent":1098.694118},{"period":"2024-06-01","rent":1111.55739},{"period":"2024-07-01","rent":1115.267878},{"period":"2024-08-01","rent":1125.535496},{"period":"2024-09-01","rent":1101.451883},{"period":"2024-10-01","rent":1094.889869},{"period":"2024-11-01","rent":1113.479068},{"period":"2024-12-01","rent":1139.937544},{"period":"2025-01-01","rent":1153.377721},{"period":"2025-02-01","rent":1130.267428},{"period":"2025-03-01","rent":1140.138227},{"period":"2025-04-01","rent":1151.399606},{"period":"2025-05-01","rent":1171.37291},{"period":"2025-06-01","rent":1160.414427},{"period":"2025-07-01","rent":1173.50245},{"period":"2025-08-01","rent":1172.70926},{"period":"2025-09-01","rent":1200.857554},{"period":"2025-10-01","rent":1208.146924},{"period":"2025-11-01","rent":1214.804069},{"period":"2025-12-01","rent":1206.157182},{"period":"2026-01-01","rent":1201.764905},{"period":"2026-02-01","rent":1217.651464},{"period":"2026-03-01","rent":1212.033734},{"period":"2026-04-01","rent":1212.865249},{"period":"2026-05-01","rent":1206.425875},{"period":"2026-06-01","rent":1217.815476}],"historySummary":{"pointCount":69,"firstPeriod":"2020-10-01","latestPeriod":"2026-06-01","coverageMonths":69,"coverageRatio":1,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":1160.414427,"endRent":1217.815476,"change":0.04946599048100264,"cagr":0.04946599048100264},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":1049.744764,"endRent":1217.815476,"change":0.16010626369744863,"cagr":0.050749657752955146},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":852.903193,"endRent":1217.815476,"change":0.42784724690320153,"cagr":0.07383201973480413}},"maxDrawdown":-0.02722759709392575,"annualizedVolatility":0.03978399561432123,"consecutiveReturnCount":68}}