Rent and resale signals move at different speeds in ZIP 67207. Zillow’s June 2026 ZORI, a typical observed asking-rent index blended across rental types, is $1,204 per month, up 6.18% from the same month a year earlier. In contrast, Redfin’s direct rolling-three-month ZIP for-sale observation ending in June reports a $255,442 median sold price, a 2.18% year-over-year rise. Those parallel changes are not a rent-to-home linkage: Zillow observes asking-rent conditions and Redfin observes closed resale activity. Still, faster current rent movement than resale price movement is the central cross-source tension, subject to the separate limits of each series.
The backward-looking Zillow history says the current acceleration confirms rather than breaks from the longer rent path. Exact same-month annualized changes were 6.18% for one year, 4.55% across three years, and 5.60% across five years. The record has 99.12% coverage; its annualized monthly-return variability was 2.91%, and maximum drawdown was a 2.21% decline. These are measurements through the stated endpoint, not forecasts or investment recommendations. The national discovery ranks among history-eligible ZIPs, where lower is higher, were 262 for momentum, 1,453 for stability, and 346 for the balanced measure; they are transparent discovery positions, not grades. Variability and drawdown mean confidence in one current index snapshot should be limited: it is an aggregate benchmark, not a stable property-specific lease quote.
That Zillow figure must not be merged with the ACS measure. The five-digit label 67207 is both a Zillow ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area, not identical to a USPS delivery ZIP. ACS 2024 five-year survey data for occupied renter homes place median gross rent at $988, with a 90% margin of error of $47, and that measure includes selected utilities. The current asking index is therefore 21.86% above the survey median, a difference in universe and timing rather than a contradiction. For wider context only, the City of Wichita context asking-rent index is $1,146.46, while the Sedgwick County context index and Wichita, KS metro context index are each $1,204; these wider values do not substitute for ZIP evidence.
The bedroom view is a model, not a set of measured bedroom rents. Using the local HUD ladder to scale ZIP ZORI produces modelled monthly estimates of $862 for a studio, $928 for one bedroom, $1,204 for two, $1,580 for three, and $1,955 for four. The FY2026 HUD ladder itself runs from $780 for a studio to $1,770 for four bedrooms. HUD FMR/SAFMR is an administrative, bedroom-specific standard rather than asking rent, so its role here is solely the proportional ladder. The ZIP two-bedroom estimate matches the overall index by construction; it does not identify the price of an actual two-bedroom listing.
Affordability signals split between a simple screen and households’ reported experience. At a 30% share of income, paying the current ZIP index requires $48,160 in annual income; this is arithmetic, not advice and not an applicant qualification rule. ACS reports 2,350 of 6,261 renter households with gross-rent burdens at or above that threshold, or 37.53%. This aggregate burden rate does not establish the costs or financial circumstances of any particular unit or tenant. It does show that the asking benchmark sits above an older, utility-inclusive survey median while a material share of surveyed renters reported a high gross-rent burden.
ACS stock measures add scale but not unit availability. The matched ZCTA contains 12,755 housing units, with 1,381 vacant, for a 10.83% vacancy rate. Renter households outnumber owner households in this area, and single-family units exceed large multifamily structures. These are survey-based counts and classifications, not a listing feed. Neither the area-wide vacancy rate nor the number of homes classified as vacant proves that a suitable unit is currently available, that its advertised rent matches ZORI, or that it has particular lease terms, utility obligations, condition, or bedroom configuration.
Resale liquidity looks active in the direct rolling-three-month Redfin ZIP observation, which is for-sale evidence rather than rental transactions. It records 92 homes sold, a median 20 days on market, an inventory reading of 48 homes, and 1.6 months of supply. The average sale-to-list ratio was 99.23%, and 26.99% of sales closed above list. The median price and price change in the opening paragraph belong to this same direct resale universe. These resale statistics describe marketed and sold homes only; they cannot serve as rental comparables, establish a landlord’s economics, or show whether the asking-rent index applies to a given sale.
Annualized ZIP ZORI divided by the Redfin median sold price produces a 5.66% cross-source screening ratio only. It cannot be interpreted as a cap rate, net return, expected return, or property yield. The resale evidence confirms active for-sale liquidity, but its slower price change challenges any simple reading of faster ZORI history and the required-income screen as a matching resale-valuation signal. Important limits remain: an index is not an advertised unit; ACS is a five-year household survey; HUD is a standard; and Redfin is direct resale data. Property-level review needs the actual asking rent, bedroom count, lease term, utility responsibility, condition, and directly relevant listed or closed sale details. Which of those facts would change the comparison most?
","findings":[{"body":"Zillow’s June 2026 ZIP index is $1,204, up 6.18% on the exact same-month one-year basis. That pace exceeds the 4.55% three-year annualized change and the 5.60% five-year annualized change, so the latest reading extends rather than reverses the prior path. Its 2.91% annualized monthly-return variability limits how precisely the aggregate index describes a single advertised rent.","title":"Recent rent acceleration exceeds the longer-run pace"},{"body":"ACS 2024 ZCTA median gross rent is $988, compared with $1,204 ZORI. The $216 gap does not measure landlord markup or a renter’s utility bill: ACS is a five-year occupied-renter survey with selected utilities, while ZORI is a current asking-rent index across rental types. The matched ZCTA geography is statistical and does not duplicate a USPS ZIP.","title":"Asking rent and ACS gross rent answer different questions"},{"body":"Redfin’s rolling-three-month ZIP resale record shows 92 sales, 20 median marketing days, 1.6 months of supply, and a 99.23% average sale-to-list ratio. These are for-sale activity indicators that record resale turnover during the observation window. They do not furnish rental comparables or validate the Zillow benchmark for a particular house or apartment.","title":"Resale turnover is direct but remains separate from rent"},{"body":"The 30% arithmetic screen converts a $1,204 monthly index into $48,160 annual required income. Separately, 37.53% of surveyed renter households reported gross-rent burden at or above that threshold. The HUD-based studio-to-four-bedroom estimates are scaling outputs, not observed bedroom rents, and are not evidence of terms available at an individual unit.","title":"Burden evidence and bedroom estimates require careful interpretation"}],"risks":["Zillow ZORI blends observed asking rents across rental types. It does not disclose the subject property’s condition, utilities, lease term, concessions, bedroom count, or availability, so it can differ from an actual advertised unit.","The ACS 2024 five-year ZCTA survey describes occupied renter households and selected utilities, and its statistical ZCTA geography differs from USPS delivery ZIP boundaries; it cannot identify current vacancy, rents, or burden for a particular address.","The modelled bedroom figures use a HUD FMR/SAFMR administrative ladder. Because HUD standards are not asking rents and estimates are scaled from ZORI, they can misstate the market positioning of any actual bedroom configuration.","Redfin tracks a rolling three-month for-sale and resale sample. Median price, supply, marketing-time, and sale-to-list measures can change with sales mix and do not reveal rental transactions, operating costs, financing, or individual property economics."],"qa":[{"a":"ZORI is a current ZIP-level typical observed asking-rent index blended across rental types. ACS is a matched-ZCTA five-year survey of occupied renter homes, includes selected utilities, and has a different period. The comparison therefore puts a $1,204 asking benchmark beside a $988 survey median without asserting that either figure measures the other.","q":"Why can Zillow ZORI and ACS median gross rent differ?"},{"a":"Over exact same-month comparisons, the one-year 6.18% annualized change exceeds the three-year 4.55% and five-year 5.60% changes, confirming recent acceleration within the longer positive path. Yet 2.91% annualized variability and a 2.21% maximum drawdown show that the series moves, so the current index remains an aggregate reading rather than a precise quote for every property.","q":"What does the rent history say about direction and snapshot confidence?"},{"a":"No. The studio-through-four-bedroom values are modelled monthly ZIP estimates that scale the $1,204 ZORI by the local FY2026 HUD ladder. HUD FMR/SAFMR is an administrative bedroom-specific standard and not asking rent. The estimates provide proportional comparisons only and do not report measured leasing outcomes or current availability for a bedroom type.","q":"Are the bedroom figures observed rents for studios through four-bedroom homes?"},{"a":"It is annualized ZIP ZORI divided by the Redfin median sold price, placing two different sources into a limited screening comparison. It is not a cap rate, net return, expected return, or property yield. It excludes property expenses, financing, occupancy, taxes, condition, and lease terms, so it cannot determine the economics of a specific home.","q":"What does the 5.66% rent-price screening ratio mean?"}],"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 + 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