ZIP 73142 presents a cross-market tension: the asking-rent history is positive across the reported horizons, while the direct ZIP resale price measure is lower year over year. Its current Zillow ZORI is $1,186 per month. The five-digit label is both Zillow’s ZIP market identifier and the matched Census ZCTA; 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, so its current level is a market index rather than a quote for a particular home, lease, or bedroom count. That scope matters because the rental evidence, the Census survey, HUD standards, and ZIP resale measures answer different questions.
The historical pattern is positive but not uniform: exact same-month ZORI changes annualize to 2.7% over 1 year, 2.5% over 3 years, and 2.9% over 5 years through the stated endpoint. The latest pace is close to the longer record and below the five-year pace, so recent direction confirms rather than breaks from the longer upward path. Annualized monthly-return variability was 3.0%, and the maximum drawdown was -3.6%; those backward-looking measurements make a single current index reading informative but not a fixed rent quote. The supplied history has 100% coverage. Its transparent national discovery ranks were 1,181 for momentum, 1,556 for stability, and 1,323 for the balanced measure, where a lower rank is higher.
The matched Census ACS five-year survey of occupied renter homes reports median gross rent of $1,267, which includes selected utilities and is not an asking-rent series. The Zillow index is 6.4% below that survey median; this is a source-universe comparison, not evidence that a listed unit includes or excludes utilities. Wider Zillow asking-rent values are context only: the ZIP index is lower than the Oklahoma City city-context rent, the Oklahoma County county-context rent, and the Oklahoma City, OK metro-context rent. None of those city, county, or metro figures substitutes for a ZIP listing or the ZCTA survey.
Bedroom figures should be read as modelled estimates, never as measured bedroom rents. Scaling the ZIP ZORI by the supplied local HUD ladder produces $896 for a studio, $966 for one bedroom, $1,186 for two bedrooms, $1,599 for three bedrooms, and $1,775 for four bedrooms. The local HUD two-bedroom standard is $1,350. HUD FMR/SAFMR is an administrative, bedroom-specific standard, not asking rent; the calculated ladder therefore supplies a consistent scaling device, not proof of current rents, availability, quality, or utilities for any bedroom type.
The affordability and occupancy figures add a different household lens. Annualizing the current index produces a $47,440 required-income screen at 30%; it is arithmetic, not advice and not an applicant qualification rule. The ZCTA’s ACS median household income is $81,818, but that aggregate statistic cannot identify any renter’s income. ACS estimates that 46.3% of renter households carried gross-rent burdens at or above that threshold. The ZCTA has 8,329 housing units: 65.4% are single-family units and 9.3% are in large multifamily structures. Its 4.5% vacancy rate includes 162 units vacant for rent and 129 vacant for sale, neither of which proves availability or burden for a particular property.
Resale evidence creates the report’s clearest cross-market tension. In Redfin’s direct rolling-three-month ZIP for-sale observation, the median sold price was $416,406, down 8.5% year over year, while the ZORI history remained positive on each reported horizon. The same resale observation records 103 homes sold, 33 median days on market, inventory of 101 homes, and 3.0 months of supply. Average sale-to-list was 98.8%, and 14.0% of sales closed above list. These are direct resale liquidity and pricing signals, not rental transactions. The price decline challenges any simple reading that the positive asking-rent record must coincide with stronger resale pricing; it does not establish a causal link between the series.
Annualizing ZIP ZORI and dividing it by the Redfin median sold price gives a 3.42% cross-source screening ratio. It is not a cap rate, net return, expected return, or property yield. The numerator is a blended typical asking-rent index and the denominator is a median of closed ZIP sales; the arithmetic does not pair the same homes or incorporate property-level costs, occupancy, financing, or transaction details. The lower ZIP asking-rent index versus wider contexts can coexist with the resale median and its annual decline, but the packet cannot translate that coexistence into property economics or a forecast.
These measures have different observation dates, units, and populations, so no one figure validates another. The ZCTA survey is a statistical-area estimate rather than a USPS delivery-ZIP roster, the HUD figure is a standard, and the resale series covers sales rather than leases. Before applying this evidence to a specific property, verify its address falls within the relevant ZIP market and ZCTA match, then check advertised rent, bedroom count, utilities, lease term, listing date, and whether a bedroom model is appropriate. For a sale comparison, check the closed-sale date, property type, condition, listing-versus-sale status, and the terms behind any sale-to-list result. Aggregate vacancy and burden cannot demonstrate a specific unit’s availability or a household’s payment position. Does the actual property pass those scope and record checks?
","findings":[{"body":"Zillow’s current $1,186 typical asking-rent index sits within a history showing same-month annualized gains at the 1-, 3-, and 5-year horizons. Past monthly-return variability and drawdown mean the figure is a market-level snapshot rather than a guaranteed rent. Full supplied coverage improves continuity of the historical measurement but does not make it predictive.","title":"Rent history is positive, but the snapshot remains an index"},{"body":"The ACS matched-ZCTA median gross rent is not an alternative reading of the same listings: it covers occupied renter homes over five years and includes selected utilities. HUD’s bedroom standards have a third purpose: they scale ZORI into modelled bedroom estimates. Neither source measures the advertised rent, utilities, availability, or condition of an individual property.","title":"Rent sources are not interchangeable"},{"body":"The required-income screen and burden share describe different calculations. The first applies 30% arithmetic to current ZIP ZORI, whereas burden comes from ACS gross-rent survey responses. The ZCTA vacancy rate and vacant-for-rent count describe aggregate housing status. Together they provide context on households and stock, but cannot establish whether a particular rental is vacant, affordable, or occupied.","title":"Burden and vacancy are aggregate context"},{"body":"Redfin’s direct ZIP resale observation records a year-over-year decline in median sold price even as asking-rent history is positive. That contrast is the central tension, not a demonstrated relationship. The annualized-rent-to-sale-price figure is simply a screen that combines different universes and time conventions; it excludes property pairing and is not a cap rate or return.","title":"Resale softening challenges a rent-only reading"}],"risks":["Zillow ZORI is a blended ZIP asking-rent index rather than a comp set for a particular unit; bedroom, utility, condition, and lease differences can make a listing diverge from it.","ACS measures occupied renter homes in a five-year ZCTA survey and includes selected utilities, so its gross-rent and burden estimates are not current asking-rent or applicant-level measures.","The historical rates, variability, and drawdown are backward-looking measurements. Even with complete supplied coverage, they do not forecast a future rent path or establish a fixed rent for a lease.","Redfin’s rolling ZIP resale statistics cover closed for-sale transactions, not lease transactions. Combining its median price with ZORI supplies only a cross-source screen and omits unit matching and property-specific data."],"qa":[{"a":"Zillow ZORI’s $1,186 is a current typical observed asking-rent index that blends rental types. The $1,267 ACS figure is a matched-ZCTA five-year median for occupied renter homes and includes selected utilities. Their 6.4% difference therefore reflects distinct definitions, timing, and populations; it cannot establish the utility treatment or asking rent of a particular listing.","q":"Why is Zillow ZORI lower than the ACS median gross-rent figure?"},{"a":"The bedroom figures start with ZIP ZORI and preserve the relative bedroom differences in the supplied local HUD ladder. The result is a modelled monthly estimate for each size, including the two-bedroom estimate equal to ZORI. HUD FMR/SAFMR remains a bedroom-specific administrative standard, not an observed asking-rent series or measured rent for a unit.","q":"How were the bedroom rent figures created?"},{"a":"No. The $47,440 figure is the annual income obtained by applying a 30% share to annualized current ZORI. It does not assess a household’s income, lease eligibility, or ability to pay. The ACS burden figure is also aggregate gross-rent survey evidence, rather than proof of burden for any applicant or address.","q":"Does the 30% required-income screen determine whether someone qualifies for a rental?"},{"a":"The 3.42% value divides annualized ZIP ZORI by Redfin’s median sold price. It combines a blended asking-rent index with closed-sale data and does not match the same homes. Because the calculation contains no property-level expenses, operating details, or transaction pairing, it is only a cross-source screen, not a cap rate, property yield, or expected return.","q":"Why is the annualized-rent-to-sale-price figure only a screening ratio?"}],"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":"2020-12-01","rent":953.006317},{"period":"2021-01-01","rent":951.51136},{"period":"2021-02-01","rent":959.763206},{"period":"2021-03-01","rent":966.066201},{"period":"2021-04-01","rent":989.447616},{"period":"2021-05-01","rent":1011.684983},{"period":"2021-06-01","rent":1029.096209},{"period":"2021-07-01","rent":1034.317746},{"period":"2021-08-01","rent":1041.35363},{"period":"2021-09-01","rent":1058.689521},{"period":"2021-10-01","rent":1077.364293},{"period":"2021-11-01","rent":1085.696951},{"period":"2021-12-01","rent":1083.864226},{"period":"2022-01-01","rent":1089.684341},{"period":"2022-02-01","rent":1099.65914},{"period":"2022-03-01","rent":1098.445185},{"period":"2022-04-01","rent":1095.15035},{"period":"2022-05-01","rent":1093.483853},{"period":"2022-06-01","rent":1103.083992},{"period":"2022-07-01","rent":1114.065247},{"period":"2022-08-01","rent":1120.758583},{"period":"2022-09-01","rent":1112.986923},{"period":"2022-10-01","rent":1102.208463},{"period":"2022-11-01","rent":1090.135044},{"period":"2022-12-01","rent":1111.026225},{"period":"2023-01-01","rent":1126.300139},{"period":"2023-02-01","rent":1130.82945},{"period":"2023-03-01","rent":1133.390482},{"period":"2023-04-01","rent":1125.794695},{"period":"2023-05-01","rent":1118.215525},{"period":"2023-06-01","rent":1102.073891},{"period":"2023-07-01","rent":1093.14837},{"period":"2023-08-01","rent":1102.064155},{"period":"2023-09-01","rent":1110.360173},{"period":"2023-10-01","rent":1117.018675},{"period":"2023-11-01","rent":1125.95937},{"period":"2023-12-01","rent":1107.911501},{"period":"2024-01-01","rent":1107.391792},{"period":"2024-02-01","rent":1098.166638},{"period":"2024-03-01","rent":1114.566204},{"period":"2024-04-01","rent":1124.561364},{"period":"2024-05-01","rent":1145.497361},{"period":"2024-06-01","rent":1153.770753},{"period":"2024-07-01","rent":1158.314256},{"period":"2024-08-01","rent":1149.161917},{"period":"2024-09-01","rent":1145.426315},{"period":"2024-10-01","rent":1147.21629},{"period":"2024-11-01","rent":1145.04538},{"period":"2024-12-01","rent":1157.26582},{"period":"2025-01-01","rent":1150.648858},{"period":"2025-02-01","rent":1156.702083},{"period":"2025-03-01","rent":1153.842114},{"period":"2025-04-01","rent":1152.85981},{"period":"2025-05-01","rent":1147.413465},{"period":"2025-06-01","rent":1154.54133},{"period":"2025-07-01","rent":1158.77324},{"period":"2025-08-01","rent":1165.197003},{"period":"2025-09-01","rent":1170.357502},{"period":"2025-10-01","rent":1172.483051},{"period":"2025-11-01","rent":1176.983673},{"period":"2025-12-01","rent":1176.900821},{"period":"2026-01-01","rent":1183.583893},{"period":"2026-02-01","rent":1186.986238},{"period":"2026-03-01","rent":1185.157141},{"period":"2026-04-01","rent":1187.344465},{"period":"2026-05-01","rent":1187.633637},{"period":"2026-06-01","rent":1185.788889}],"historySummary":{"pointCount":67,"firstPeriod":"2020-12-01","latestPeriod":"2026-06-01","coverageMonths":67,"coverageRatio":1,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":1154.54133,"endRent":1185.788889,"change":0.027064911569687933,"cagr":0.027064911569687933},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":1102.073891,"endRent":1185.788889,"change":0.07596132952940082,"cagr":0.024705076213819233},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":1029.096209,"endRent":1185.788889,"change":0.15226242078207863,"cagr":0.028751021982204028}},"maxDrawdown":-0.03550595548410462,"annualizedVolatility":0.02961022123111072,"consecutiveReturnCount":66}}