In 73162, Zillow’s June 2026 ZORI is $1,666 per month, a typical observed asking-rent index blended across rental types. The current index is 45.1% above the $1,148 ACS median gross rent, which creates the central measurement tension here. The five-digit label 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. The ACS 2024 five-year figure surveys occupied renter homes and includes selected utilities, whereas ZORI represents asking-rent conditions. These separate evidence universes can frame a gap, but cannot serve as interchangeable rent quotes.
At the June history endpoint, exact same-month ZORI changes annualize to 2.4% over one year, 3.6% over three years, and 4.9% over five years. The latest positive direction therefore follows the longer path but does not confirm its prior pace: growth has decelerated. Coverage is 100% across 90 monthly observations and 89 consecutive monthly returns. Annualized monthly-return variability was 3.1%, and the maximum drawdown was 2.2%. Those limited recorded swings support more confidence in one current index snapshot than a highly erratic series would, while still leaving index construction and individual listing terms unverified. The transparent national discovery ranks are 1,007 for momentum, 1,821 for stability, and 1,347 for the balanced measure; lower ranks place higher. These backward-looking measurements are neither forecasts nor investment recommendations.
Bedroom sizing should not be read as a set of observed ZIP rents. HUD’s FY2026 FMR/SAFMR is an administrative, bedroom-specific standard, not asking rent. Scaling the ZIP ZORI by that local HUD ladder produces modelled estimates of $1,256 for a studio, $1,358 for one bedroom, $1,666 for two bedrooms, $2,243 for three bedrooms, and $2,486 for four bedrooms. They are modelled estimates, never measured bedroom rents; their purpose is a consistent size-based translation of the ZIP-wide index, not a substitute for advertised terms or lease transactions.
The 30% required-income screen is simple arithmetic on the current ZORI: $66,640 in annual household income corresponds to that threshold, compared with ZCTA median household income of $88,031; the asking-rent-to-income screen is 22.7%. It is not advice and not an applicant qualification rule. In the ACS survey, 1,743 of 3,346 occupied renter households, or 52.1%, reported spending at least that threshold of income on gross rent. That burden estimate describes surveyed occupied renters, whose gross-rent measure includes selected utilities; it does not establish a particular unit’s affordability, availability, utilities, or tenant outcome.
The ACS ZCTA stock is weighted toward 10,123 single-family units, with 950 units in large multifamily structures. Its estimated vacancy rate is 4.8%, including 248 units vacant for rent and 137 vacant for sale. These are categories within the ACS five-year housing survey rather than a real-time listing count, and the stock data do not show condition, bedroom mix, concessions, or whether any vacant home is currently obtainable. The distribution supplies context for the renter survey and current asking index, but neither vacancy nor the burden statistic proves circumstances for a specific property.
Broader geography points to a high ZIP asking-rent reading without erasing the source differences above. For wider context only, the Oklahoma City city rent is $1,298, the Oklahoma County county rent is $1,359, and the Oklahoma City, OK metro rent is $1,393. Each is a city, county, or metro context value, respectively—not a substitute for this ZIP’s Zillow index, ACS ZCTA survey, HUD standard, or direct resale evidence. The comparison confirms that the ZIP’s current asking-rent index sits above all three wider rent contexts, but it does not explain why, establish rent for a given property, or turn those broader areas into rental comparables.
Resale evidence supplies a different tension. Redfin’s direct rolling three-month ZIP for-sale observation reports a $264,440 median sold price, down 2.1% year over year, alongside 107 homes sold and a median 27 days on market. Inventory was 80 homes, 13.7% higher than a year earlier, with 2.3 months of supply. The average sale-to-list ratio was 98.9%, and 14.4% of sales closed above list. This is for-sale liquidity and pricing evidence, not rental transactions or rental comparables. Falling resale price and expanding inventory challenge the otherwise positive longer ZORI history, while the sales count, marketing time, supply, and sale-to-list signals show ongoing resale activity rather than a rent-market result. Annualized ZORI divided by median sold price is 7.56%, only a cross-source screening ratio that omits property condition, operating costs, financing, and lease terms.
Important limits remain: ZORI is a blended asking index, ACS is a sampled five-year survey with published margins of error, HUD is administrative, and Redfin is a rolling resale observation. None reports a subject property’s executed lease rent, renewal versus new-lease status, utility responsibility, physical condition, or transaction-specific costs. The missing property-level checks are the actual advertised rent and concessions, included utilities, verified bedroom count against the modelled ladder, current availability, lease duration, and the condition and dates of relevant sale comparisons. Does the specific property’s all-in advertised arrangement align with the current asking index, the survey-based burden context, and the separate resale screen?
","findings":[{"body":"At $1,666, the ZIP asking index is 45.1% above the $1,148 ACS median gross rent. This is a source-scope difference as much as a price comparison: ZORI is a blended asking-rent index, while ACS is a five-year survey of occupied renter households that includes selected utilities. The spread should not be read as a measured gap for any particular unit.","title":"A wide asking-versus-survey gap"},{"body":"Same-month ZORI growth was positive over the one-, three-, and five-year windows, but the 2.4% recent pace trailed the 3.6% and 4.9% longer rates. Full coverage and a 2.2% maximum drawdown give context for the current reading, yet this history measures prior index behavior only. It neither forecasts future rent nor establishes property-level results.","title":"Growth remains positive but slower"},{"body":"The income screen requires $66,640 at the 30% arithmetic threshold, below the ZCTA median household income, while 52.1% of surveyed renter households were rent burdened. The apparent contrast arises because the income screen uses the current asking index and median income, whereas burden summarizes occupied renter households in ACS. It is not evidence about affordability or qualification for a named unit.","title":"Income screening and renter burden differ"},{"body":"Redfin shows a resale market with a declining median sale price and increased inventory, even as ZIP ZORI history remained positive. That tension matters because the 7.56% annualized-rent-to-price figure is only a cross-source screening ratio. Redfin reports rolling ZIP for-sale transactions and liquidity, not rents, lease transactions, operating outcomes, or property-specific economics.","title":"Resale softening contrasts with the rent path"}],"risks":["The Zillow, ACS, and HUD figures describe different rent universes, so treating their differences as a direct same-unit price comparison can materially overstate precision.","ACS is a five-year ZCTA survey with sampling margins of error, and the ZCTA is a statistical area rather than an identical USPS delivery ZIP footprint.","The bedroom figures are modelled estimates created by scaling ZIP ZORI with HUD standards; they are not observed studio, one-bedroom, or larger-unit asking-rent measurements.","Redfin’s resale observations describe direct ZIP for-sale activity, while the annualized rent-to-price screen omits property condition, costs, lease terms, and transaction-specific economics."],"qa":[{"a":"The measures refer to different evidence universes. Zillow ZORI tracks a blended typical asking-rent index in the ZIP, while ACS reports a five-year survey median for occupied renter homes and includes selected utilities. The $518 difference is descriptive, not a direct matched-unit or same-lease comparison.","q":"Why is the Zillow asking-rent figure higher than the ACS median gross rent?"},{"a":"No. The studio-through-four-bedroom figures are modelled estimates created by scaling the ZIP-wide ZORI using the local HUD bedroom ladder. HUD FMR/SAFMR is an administrative standard rather than asking rent, so the estimates do not measure actual listings, executed leases, concessions, or unit-specific utility terms.","q":"Are the bedroom estimates observed asking rents for available units?"},{"a":"It divides annualized ZIP ZORI by the direct ZIP median sold price and produces a cross-source screening ratio. It combines an asking-rent index with a rolling for-sale resale statistic. It does not include condition, operating costs, financing, taxes, insurance, repairs, lease terms, or property-specific transaction information.","q":"What does the Redfin rent-to-price screen measure?"},{"a":"No. The calculation simply identifies annual income equal to three times annualized current ZORI under a 30% rent share assumption. It is not advice, a qualification rule, or an affordability determination. Actual eligibility and all-in cost depend on property-specific advertised terms, utilities, concessions, household income, and screening policies.","q":"Does the 30% income screen determine whether a household can qualify for a rental?"}],"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":"2019-01-01","rent":1132.797373},{"period":"2019-02-01","rent":1131.583093},{"period":"2019-03-01","rent":1132.808616},{"period":"2019-04-01","rent":1134.460712},{"period":"2019-05-01","rent":1141.078596},{"period":"2019-06-01","rent":1158.139667},{"period":"2019-07-01","rent":1162.479201},{"period":"2019-08-01","rent":1169.342292},{"period":"2019-09-01","rent":1164.562388},{"period":"2019-10-01","rent":1166.321182},{"period":"2019-11-01","rent":1164.599148},{"period":"2019-12-01","rent":1171.935674},{"period":"2020-01-01","rent":1174.998161},{"period":"2020-02-01","rent":1188.486549},{"period":"2020-03-01","rent":1199.269291},{"period":"2020-04-01","rent":1189.175172},{"period":"2020-05-01","rent":1190.639277},{"period":"2020-06-01","rent":1197.258712},{"period":"2020-07-01","rent":1216.272308},{"period":"2020-08-01","rent":1215.240118},{"period":"2020-09-01","rent":1222.440777},{"period":"2020-10-01","rent":1227.622659},{"period":"2020-11-01","rent":1239.374523},{"period":"2020-12-01","rent":1244.034842},{"period":"2021-01-01","rent":1251.719478},{"period":"2021-02-01","rent":1255.574041},{"period":"2021-03-01","rent":1263.677355},{"period":"2021-04-01","rent":1284.541885},{"period":"2021-05-01","rent":1294.743514},{"period":"2021-06-01","rent":1309.039762},{"period":"2021-07-01","rent":1325.325264},{"period":"2021-08-01","rent":1338.044495},{"period":"2021-09-01","rent":1349.59793},{"period":"2021-10-01","rent":1319.996449},{"period":"2021-11-01","rent":1345.584239},{"period":"2021-12-01","rent":1359.479742},{"period":"2022-01-01","rent":1402.597959},{"period":"2022-02-01","rent":1401.801739},{"period":"2022-03-01","rent":1413.50881},{"period":"2022-04-01","rent":1438.037847},{"period":"2022-05-01","rent":1445.561456},{"period":"2022-06-01","rent":1451.762375},{"period":"2022-07-01","rent":1436.945885},{"period":"2022-08-01","rent":1464.002978},{"period":"2022-09-01","rent":1477.09393},{"period":"2022-10-01","rent":1526.959493},{"period":"2022-11-01","rent":1520.131086},{"period":"2022-12-01","rent":1529.074709},{"period":"2023-01-01","rent":1496.913151},{"period":"2023-02-01","rent":1498.716347},{"period":"2023-03-01","rent":1501.774307},{"period":"2023-04-01","rent":1503.052549},{"period":"2023-05-01","rent":1501.594758},{"period":"2023-06-01","rent":1497.812761},{"period":"2023-07-01","rent":1504.997205},{"period":"2023-08-01","rent":1508.661827},{"period":"2023-09-01","rent":1517.593364},{"period":"2023-10-01","rent":1527.835472},{"period":"2023-11-01","rent":1526.696691},{"period":"2023-12-01","rent":1531.95748},{"period":"2024-01-01","rent":1539.544393},{"period":"2024-02-01","rent":1552.332073},{"period":"2024-03-01","rent":1555.785151},{"period":"2024-04-01","rent":1555.1874},{"period":"2024-05-01","rent":1585.951664},{"period":"2024-06-01","rent":1604.850686},{"period":"2024-07-01","rent":1613.648219},{"period":"2024-08-01","rent":1605.986254},{"period":"2024-09-01","rent":1583.381358},{"period":"2024-10-01","rent":1578.819557},{"period":"2024-11-01","rent":1582.324403},{"period":"2024-12-01","rent":1609.516227},{"period":"2025-01-01","rent":1627.706779},{"period":"2025-02-01","rent":1616.758877},{"period":"2025-03-01","rent":1608.367103},{"period":"2025-04-01","rent":1603.552226},{"period":"2025-05-01","rent":1619.814255},{"period":"2025-06-01","rent":1627.326304},{"period":"2025-07-01","rent":1633.8751},{"period":"2025-08-01","rent":1645.301658},{"period":"2025-09-01","rent":1668.096692},{"period":"2025-10-01","rent":1669.273701},{"period":"2025-11-01","rent":1679.458358},{"period":"2025-12-01","rent":1663.879448},{"period":"2026-01-01","rent":1661.359016},{"period":"2026-02-01","rent":1672.201034},{"period":"2026-03-01","rent":1684.607475},{"period":"2026-04-01","rent":1695.779943},{"period":"2026-05-01","rent":1674.67439},{"period":"2026-06-01","rent":1666.40873}],"historySummary":{"pointCount":90,"firstPeriod":"2019-01-01","latestPeriod":"2026-06-01","coverageMonths":90,"coverageRatio":1,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":1627.326304,"endRent":1666.40873,"change":0.024016342576123062,"cagr":0.024016342576123062},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":1497.812761,"endRent":1666.40873,"change":0.11256144518854194,"cagr":0.036194625233329614},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":1309.039762,"endRent":1666.40873,"change":0.27300085022169096,"cagr":0.04945963408249643}},"maxDrawdown":-0.021933555425651785,"annualizedVolatility":0.03131093565284808,"consecutiveReturnCount":89}}