For June 2026, the central tension in this ZIP is between a modest-looking asking-rent screen and meaningful survey burden among occupants. The ZIP’s $1,166 ZORI translates to $46,640 in annual income under the 30% screen, below the matched ZCTA’s $74,005 median household income. Yet ACS reports that 4,663 of 10,604 renter households, or 43.97%, pay at least that share of income toward gross rent. Those results should not be merged into a claim about a household or a unit. The first is arithmetic applied to a ZIP asking-rent index; the second summarizes surveyed renter households and their gross-rent payments. The screen is neither advice nor an applicant qualification rule, and it does not establish what a particular household can afford.
Source scope explains why a close-looking comparison remains noninterchangeable. The ACS 2024 five-year estimate puts median gross rent at $1,197, modestly above the Zillow index, but it is a survey of occupied renter homes and includes selected utilities. Zillow ZORI, by contrast, is a typical observed asking-rent index blended across rental types. The five-digit 74133 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. Thus, the ACS result does not recast the current ZORI as a gross-rent median, and the ZORI does not show the rent or utilities paid by surveyed occupants.
Completed history through 2026-06-01 shows exact same-month annualized ZORI gains of 4.01% over one year, 3.31% over three years, and 5.32% over five years. The recent pace therefore confirms the longer upward direction rather than breaking from it: it has strengthened versus the three-year pace while remaining below the five-year pace. The series contains 120 observations and 118 consecutive monthly returns, with 99.17% coverage. Annualized monthly-return variability is 3.36%, and the maximum drawdown was -4.21%; those figures support less confidence in a single current snapshot as a precise unit-level price. In transparent national discovery rankings among history-eligible ZIPs, where lower is higher, momentum ranks 732, stability ranks 2,102, and the balanced rank is 1,248. These are backward-looking measurements, not forecasts, investment recommendations, or property-income claims.
Bedroom detail must be treated as a modelling exercise, not a list of observed bedroom rents. The FY2026 HUD FMR/SAFMR ladder is an administrative bedroom-specific standard, not asking rent. Scaling the current ZIP ZORI by each local HUD ladder ratio relative to its two-bedroom rung produces modelled monthly estimates of $894 for a studio, $948 for one bedroom, $1,166 for two bedrooms, $1,531 for three bedrooms, and $1,780 for four bedrooms. The two-bedroom estimate is the index anchor in this construction. The ladder helps organize a ZIP-wide rent benchmark across sizes, but it cannot identify building type, lease terms, utilities, or a current quote. No modelled value should be represented as a measured bedroom rent.
The matched ZCTA has 22,837 housing units, of which 1,328 are vacant, a 5.82% vacancy rate; 49.3% of occupied units are renter occupied. Its recorded structure mix includes 12,512 single-family units and 3,594 units in large multifamily structures, so neither broad rental type should be assumed to define every listing. Of vacant units, 660 are classified as for rent. That classification is useful market inventory context but says nothing about whether a particular home is actively advertised, available on a desired date, priced near the index, or suitable for any applicant. Area vacancy cannot be turned into proof about a specific property, and stock counts do not reveal lease or utility terms.
At broader scales, ZIP ZORI sits below the context measures, but those measures are not replacements for ZIP evidence. The city of Tulsa context rent is $1,272.16, the Tulsa County context rent is $1,352, and the Tulsa, OK metro context rent is $1,361; each is a wider geographic scope in the same comparison. These reference values frame the ZIP’s relative level only. They do not reconcile Zillow’s asking-rent universe with the ACS gross-rent universe, describe any individual unit, or provide a basis for attributing the difference to a local condition. City, county, and metro figures remain context rather than a substitute for the ZIP ZORI or matched-ZCTA survey.
All results operate at an index, survey, or administrative-standard level, so use them as bounded descriptions rather than an appraisal of a home or a prediction. Before applying the overview to a property, verify that its street address maps to the relevant market label, its current advertised rent and availability, its actual bedroom count, lease duration, deposits and recurring fees, and every included or excluded utility. Compare the resulting all-in monthly obligation with the advertisement rather than assuming the ZORI, ACS median, HUD-standard ratio, or vacancy count supplies it. Also confirm whether the listed unit remains active and whether its quoted terms differ from the date represented by the data. What is the verified all-in monthly cost for the actual bedroom and lease offered?
","findings":[{"body":"The income screen and the burden statistic answer different questions. Annualizing ZORI produces a $46,640 figure at the 30% threshold, while the ACS burden share summarizes surveyed occupied renter households paying at least that share of income toward gross rent. Different rent definitions, household populations, and utility treatment make the contrast informative but not contradictory or unit-specific.","title":"Income screen and burden measure different realities"},{"body":"Same-month history is positive at every supplied horizon, but its shape is mixed rather than uniformly accelerating. The latest annualized rate is higher than the three-year rate and lower than the five-year rate. Return variability and the earlier maximum drawdown mean the present index is best read as a benchmark with an uncertainty range, not a precise current quote or a forecast.","title":"Positive history is not a uniform acceleration signal"},{"body":"The studio through four-bedroom sequence is intentionally modelled from the ZIP ZORI and relative local HUD ladder values. It can help compare unit sizes on one consistent framework, but it does not observe advertised rents by bedroom. It also cannot capture building characteristics, property condition, fee structures, lease duration, availability, or utility inclusions for a particular unit.","title":"Bedroom ladder is a modelled comparison tool"},{"body":"Context rents for the city, county, and metro are all higher than the ZIP’s current ZORI. This is a level comparison across different geographic scopes, not evidence of a cause or a prediction. The context figures should help place the ZIP among supplied benchmarks while leaving ZIP ZORI, the ACS ZCTA survey, and HUD standard separate.","title":"Wider-context rents are higher, but not substitutes"}],"risks":["The Zillow index is blended across rental types and reports a typical observed asking-rent benchmark, so it may diverge from a current quote for a specific property, bedroom count, lease duration, condition, or included utility package.","ACS ZCTA burden, income, and gross-rent estimates summarize surveyed occupied renter homes over five years and carry sampling uncertainty; they cannot identify affordability, payment history, or utility treatment for a given current renter or listing.","The vacant-for-rent count is an area-level inventory classification, not evidence that a desired unit is available, competitively priced, eligible for an applicant, or offered with concessions at the time of inquiry.","Bedroom estimates inherit the local HUD FMR/SAFMR ratio structure, while HUD standards are administrative and may be ZIP or county derived; the result should not be presented as measured bedroom-specific asking rent."],"qa":[{"a":"The stated current figure is Zillow’s ZIP-level ZORI, a typical observed asking-rent index blended across rental types. It is not a survey median and does not specify a property’s bedroom count, lease terms, fees, availability, or selected utilities. It serves as a ZIP benchmark rather than an offer for a particular home.","q":"What does the current ZORI figure measure?"},{"a":"The screen annualizes the ZIP asking-rent index and divides it by 30%, producing a standardized required-income amount. ACS burden instead reports the share of surveyed occupied renter households whose gross rent reaches that threshold. Different populations, income distributions, rent concepts, and selected-utility treatment prevent either result from proving the other for an actual household or property.","q":"Why can the required-income screen and reported renter burden differ?"},{"a":"No. The studio through four-bedroom values are modelled estimates: the current ZIP ZORI is scaled by the relative local HUD FMR/SAFMR ladder. The two-bedroom model is the index anchor. HUD is an administrative, bedroom-specific standard rather than asking rent, so those outputs are not measured rents or quotes for any specific unit.","q":"Are the bedroom estimates observed rents?"},{"a":"History describes completed Zillow observations through the stated endpoint, including same-month changes, variability, drawdown, coverage, and discovery rankings. The current one-year pace remains positive and is above the three-year annualized rate but below the five-year rate. That is a backward-looking comparison, not a prediction of future rent, investment performance, or property income.","q":"How should the historical metrics be interpreted?"}],"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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