ZIP 75093’s June 2026 Zillow Observed Rent Index is $1,708 per month, following a 2.9% year-over-year decline. ZORI is a typical observed asking-rent index blended across rental types, rather than a quote for a particular available unit. In the City of Plano context, the comparable rent index is $1,713; in Collin County context it is $1,736; and in the Dallas-Fort Worth-Arlington, TX metro context it is $1,673. The ZIP therefore sits very near the city figure, modestly below the county figure, and above the metro context. Those wider geographies provide comparison only and do not substitute for ZIP-level asking-rent evidence.
The rent history describes a cooling period rather than a simple one-month move. Exact same-month ZORI change was -2.9% over one year and -1.9% annualized over three years, while the five-year annualized change remained positive at 2.9%. Recent direction therefore breaks from the longer path: rents are lower over the nearer horizons despite still exceeding their same-month level from five years earlier. Measured annualized variability of monthly rent returns was 3.0%, indicating that the series has moved around its trend rather than remaining fixed. Separately, the maximum peak-to-trough drawdown was 6.8%, which limits confidence in treating one current ZORI reading as a durable level. History coverage was 99.3%. Among history-eligible ZIPs, the transparent national discovery ranks were 2,859 for momentum, 1,583 for stability, and 2,693 for the balanced measure; lower ranks are higher in those discovery comparisons. These backward-looking measurements are not forecasts or investment recommendations.
Source scope explains why the current asking-rent index does not equal every other rent figure. The ACS 2024 five-year survey for the matched Census ZCTA reports median gross rent of $1,814, about 6% above ZORI. ACS median gross rent concerns occupied renter homes, is a survey estimate, and includes selected utilities; it is not a current asking-rent measure. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP, even where this five-digit label is the matched geography. The supplied FY2026 HUD bedroom ladder places the two-bedroom FMR/SAFMR standard at $2,480, making the ZIP asking-rent index 68.9% of that administrative standard. HUD FMR/SAFMR is bedroom-specific program administration, not measured asking rent.
The local HUD ladder is also used only as a scaling device for modelled bedroom estimates. Applied to the ZIP-wide ZORI, it produces a studio estimate of $1,398 per month, a one-bedroom estimate of $1,460, a three-bedroom estimate of $2,149, and a four-bedroom estimate of $2,734. The two-bedroom modelled figure is aligned with the ZIP-wide index under this calibration. These are modelled estimates, never measured bedroom rents, and they should not be read as evidence that available units in each size actually ask those amounts. The ladder reflects relative bedroom scaling from the local HUD standard, while ZORI remains a blended index across rental types.
The required-income screen translates the current ZIP asking-rent index into arithmetic rather than a leasing rule. At a 30% rent-to-income screen, the implied annual household income is $68,320. The matched ZCTA’s median household income is $124,563, and the ZIP asking-rent-to-income comparison is 16.5%; these broad measures suggest a different aggregate relationship than a household-specific budget would show. Among 8,249 renter households in the ACS survey universe, 3,531 reported spending at least 30% of income on gross rent, a 42.8% burden share. That burden measure includes occupied renter homes and gross rent, so it cannot establish the affordability, utilities, lease terms, or qualification outcome for any particular currently marketed unit.
Housing-stock evidence supplies another constraint on broad rent interpretation. The matched ZCTA contains 21,069 housing units, of which 20,176 were occupied, producing a 4.2% overall vacancy rate. Of vacant units, 613 were classified as for rent; that count does not confirm that each unit was available at the current index, comparable in condition, or suitable for a given renter. Renters account for 40.9% of occupied homes. The structure mix includes 12,951 single-family units and 3,465 units in large multifamily structures, indicating that the ZIP-wide index is being viewed against a stock with multiple housing forms. Neither the vacancy rate nor the for-rent count proves conditions at a specific property.
The direct rolling-three-month Redfin ZIP resale observation shows a for-sale market that is not moving in parallel with the rent history. Median sold price was $848,808, up 8.8% year over year, with 153 homes sold and a median 32 days on market. Inventory was 128 homes, equal to 2.5 months of supply. Sale-to-list signals were an average 97.7% sale-to-list ratio and a 17.5% share of sales above list. These are resale measures, not rental transactions, rent comparables, or property economics. The contrast is material: declining recent ZORI and the burden screen coexist with rising median resale pricing. Annualized ZIP ZORI divided by median sold price produces a 2.4% cross-source screening ratio only; it is not a cap rate, net return, expected return, or property yield.
The evidence is strongest for a ZIP where current asking rents have cooled while the direct resale series reports higher median sale prices, making cross-universe comparisons especially easy to overread. ZORI does not identify a unit’s asking price, concessions, furnishings, utility treatment, condition, or lease duration. ACS estimates describe a multi-year survey universe with sampling uncertainty, and HUD standards serve an administrative purpose. A property-level review would need the actual advertised rent, date available, lease term, concessions, utility responsibilities, bedroom count, property type, condition, recent comparable listings, and applicable resale listing and sale records. Those checks would determine whether a particular property resembles the broad ZIP indicators rather than assuming that any one source answers every rental or resale question.
","findings":[{"body":"ZIP ZORI declined over both the one-year and three-year same-month comparisons, while the five-year annualized history remained positive. That split means the recent direction breaks from the longer path. Monthly-return variability and the separate peak-to-trough drawdown indicate that the current asking-rent snapshot should be treated as a measured point within a moving series, not a fixed market level.","title":"Cooling asking-rent history contrasts with the longer arc"},{"body":"Zillow ZORI is a blended ZIP asking-rent index. ACS median gross rent is a five-year survey measure for occupied renter homes and includes selected utilities, while HUD FMR/SAFMR is a bedroom-specific administrative standard. The ACS geography is a matched ZCTA, which is statistical geography rather than the same thing as a USPS delivery ZIP.","title":"Rent measures answer different questions"},{"body":"The arithmetic income screen based on current ZORI is below the matched ZCTA median household income, yet a substantial share of surveyed renter households reported gross-rent burdens of at least 30% of income. These figures use different populations and rent definitions. They frame aggregate pressure but cannot determine an applicant’s budget, lease outcome, or a unit’s all-in housing cost.","title":"Aggregate affordability is mixed rather than unit-specific"},{"body":"Redfin’s direct rolling-three-month ZIP resale observation reports a higher year-over-year median sold price even as ZORI declined. Sales pace, supply, days on market, and sale-to-list measures belong only to the for-sale universe. The annualized-rent-to-sale-price figure is a cross-source screen, not a property-level return measure, and does not reconcile rental and resale conditions by itself.","title":"Resale evidence challenges a simple rent-only reading"}],"risks":["The ZIP asking-rent index is blended across rental types and cannot establish the current asking price, concessions, utilities, condition, furnishing status, or lease terms of a particular available home.","ACS ZCTA estimates describe occupied renter households over a five-year survey period and include selected utilities, so they cannot be substituted for current ZIP listings or USPS delivery-ZIP conditions.","The modelled bedroom ladder scales ZORI with a local HUD standard; it is not observed bedroom rent data and may not match actual price gaps among currently marketed units.","Redfin resale metrics concern sold homes in a rolling three-month for-sale observation. Rising sale prices do not demonstrate rental strength, property economics, or a specific home’s prospective financial outcome."],"qa":[{"a":"The figures cover different evidence universes. Zillow ZORI is a current-style typical observed asking-rent index blended across rental types. ACS median gross rent is a five-year survey measure for occupied renter homes and includes selected utilities. The ACS geography is also a matched statistical ZCTA, not an identical USPS delivery ZIP.","q":"Why is the ACS median gross rent higher than the Zillow asking-rent index?"},{"a":"No. The studio through four-bedroom figures are modelled monthly estimates created by scaling the ZIP-wide ZORI with the local HUD bedroom ladder. They are not measured bedroom rents, listing medians, lease transactions, or proof that a currently available unit in a given size asks the displayed amount.","q":"Are the bedroom rent figures measured rents for available apartments or houses?"},{"a":"It is arithmetic: annualizing the current ZIP asking-rent index and dividing by a 30% rent-to-income screen produces the stated income amount. It is not affordability advice, a lending standard, a landlord policy, or an applicant qualification rule. Actual household obligations, utilities, concessions, and lease terms can differ materially.","q":"What does the 30% required-income figure mean?"},{"a":"They should remain separate. Redfin reports direct ZIP for-sale and resale activity, including sold prices, sales pace, supply, and sale-to-list outcomes, while ZORI concerns asking rents. Dividing annualized ZORI by median sold price is only a cross-source screening ratio. It is not a cap rate, net return, expected return, or property yield.","q":"How should the resale data be compared with the rent data?"}],"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":"2015-01-01","rent":1158.680821},{"period":"2015-02-01","rent":1171.745838},{"period":"2015-03-01","rent":1185.16169},{"period":"2015-04-01","rent":1179.371942},{"period":"2015-05-01","rent":1178.726625},{"period":"2015-06-01","rent":1179.586437},{"period":"2015-07-01","rent":1195.415908},{"period":"2015-09-01","rent":1217.282746},{"period":"2015-10-01","rent":1222.379784},{"period":"2015-11-01","rent":1204.733283},{"period":"2015-12-01","rent":1215.519517},{"period":"2016-01-01","rent":1209.957194},{"period":"2016-02-01","rent":1228.301545},{"period":"2016-03-01","rent":1231.371344},{"period":"2016-04-01","rent":1243.845782},{"period":"2016-05-01","rent":1241.716139},{"period":"2016-06-01","rent":1240.557851},{"period":"2016-07-01","rent":1238.952474},{"period":"2016-08-01","rent":1236.727159},{"period":"2016-09-01","rent":1239.425559},{"period":"2016-10-01","rent":1250.486497},{"period":"2016-11-01","rent":1266.264919},{"period":"2016-12-01","rent":1275.135074},{"period":"2017-01-01","rent":1268.887852},{"period":"2017-02-01","rent":1271.078446},{"period":"2017-03-01","rent":1266.029199},{"period":"2017-04-01","rent":1284.083296},{"period":"2017-05-01","rent":1277.935129},{"period":"2017-06-01","rent":1292.637631},{"period":"2017-07-01","rent":1283.269461},{"period":"2017-08-01","rent":1280.984587},{"period":"2017-09-01","rent":1283.97593},{"period":"2017-10-01","rent":1277.522153},{"period":"2017-11-01","rent":1284.347904},{"period":"2017-12-01","rent":1284.659015},{"period":"2018-01-01","rent":1301.524992},{"period":"2018-02-01","rent":1297.35337},{"period":"2018-03-01","rent":1292.958107},{"period":"2018-04-01","rent":1287.652015},{"period":"2018-05-01","rent":1303.097654},{"period":"2018-06-01","rent":1303.36453},{"period":"2018-07-01","rent":1308.31938},{"period":"2018-08-01","rent":1305.037901},{"period":"2018-09-01","rent":1313.195975},{"period":"2018-10-01","rent":1322.433235},{"period":"2018-11-01","rent":1331.077141},{"period":"2018-12-01","rent":1317.13477},{"period":"2019-01-01","rent":1322.039281},{"period":"2019-02-01","rent":1327.151174},{"period":"2019-03-01","rent":1340.244688},{"period":"2019-04-01","rent":1341.85181},{"period":"2019-05-01","rent":1342.149818},{"period":"2019-06-01","rent":1344.215856},{"period":"2019-07-01","rent":1354.153327},{"period":"2019-08-01","rent":1367.458678},{"period":"2019-09-01","rent":1368.925313},{"period":"2019-10-01","rent":1372.838087},{"period":"2019-11-01","rent":1370.695515},{"period":"2019-12-01","rent":1390.302001},{"period":"2020-01-01","rent":1391.196151},{"period":"2020-02-01","rent":1400.626676},{"period":"2020-03-01","rent":1384.387258},{"period":"2020-04-01","rent":1383.173944},{"period":"2020-05-01","rent":1368.201199},{"period":"2020-06-01","rent":1354.874844},{"period":"2020-07-01","rent":1337.753588},{"period":"2020-08-01","rent":1333.100016},{"period":"2020-09-01","rent":1335.870909},{"period":"2020-10-01","rent":1343.804337},{"period":"2020-11-01","rent":1356.753776},{"period":"2020-12-01","rent":1354.829987},{"period":"2021-01-01","rent":1368.992975},{"period":"2021-02-01","rent":1378.838794},{"period":"2021-03-01","rent":1402.16098},{"period":"2021-04-01","rent":1421.41857},{"period":"2021-05-01","rent":1452.273385},{"period":"2021-06-01","rent":1478.005049},{"period":"2021-07-01","rent":1520.062239},{"period":"2021-08-01","rent":1567.644821},{"period":"2021-09-01","rent":1622.470103},{"period":"2021-10-01","rent":1639.064015},{"period":"2021-11-01","rent":1658.867936},{"period":"2021-12-01","rent":1677.898645},{"period":"2022-01-01","rent":1707.352553},{"period":"2022-02-01","rent":1730.233449},{"period":"2022-03-01","rent":1733.253919},{"period":"2022-04-01","rent":1751.698264},{"period":"2022-05-01","rent":1773.743672},{"period":"2022-06-01","rent":1802.768964},{"period":"2022-07-01","rent":1823.505966},{"period":"2022-08-01","rent":1819.010245},{"period":"2022-09-01","rent":1808.593003},{"period":"2022-10-01","rent":1811.322513},{"period":"2022-11-01","rent":1811.363323},{"period":"2022-12-01","rent":1823.64269},{"period":"2023-01-01","rent":1812.36586},{"period":"2023-02-01","rent":1813.463831},{"period":"2023-03-01","rent":1815.558848},{"period":"2023-04-01","rent":1825.709484},{"period":"2023-05-01","rent":1813.884694},{"period":"2023-06-01","rent":1811.423001},{"period":"2023-07-01","rent":1801.262018},{"period":"2023-08-01","rent":1812.838389},{"period":"2023-09-01","rent":1801.54949},{"period":"2023-10-01","rent":1811.693961},{"period":"2023-11-01","rent":1806.53496},{"period":"2023-12-01","rent":1806.696261},{"period":"2024-01-01","rent":1796.229145},{"period":"2024-02-01","rent":1785.049885},{"period":"2024-03-01","rent":1775.580316},{"period":"2024-04-01","rent":1757.048034},{"period":"2024-05-01","rent":1754.917653},{"period":"2024-06-01","rent":1750.909647},{"period":"2024-07-01","rent":1749.665126},{"period":"2024-08-01","rent":1747.152094},{"period":"2024-09-01","rent":1742.38266},{"period":"2024-10-01","rent":1743.133733},{"period":"2024-11-01","rent":1746.684373},{"period":"2024-12-01","rent":1737.705987},{"period":"2025-01-01","rent":1742.691069},{"period":"2025-02-01","rent":1749.870319},{"period":"2025-03-01","rent":1771.636561},{"period":"2025-04-01","rent":1772.457056},{"period":"2025-05-01","rent":1778.939958},{"period":"2025-06-01","rent":1759.016554},{"period":"2025-07-01","rent":1757.64444},{"period":"2025-08-01","rent":1751.212468},{"period":"2025-09-01","rent":1757.213923},{"period":"2025-10-01","rent":1747.603887},{"period":"2025-11-01","rent":1742.712076},{"period":"2025-12-01","rent":1741.902276},{"period":"2026-01-01","rent":1738.810873},{"period":"2026-02-01","rent":1731.654241},{"period":"2026-03-01","rent":1712.668734},{"period":"2026-04-01","rent":1710.827667},{"period":"2026-05-01","rent":1700.815625},{"period":"2026-06-01","rent":1708.193605}],"historySummary":{"pointCount":137,"firstPeriod":"2015-01-01","latestPeriod":"2026-06-01","coverageMonths":138,"coverageRatio":0.9927536231884058,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":1759.016554,"endRent":1708.193605,"change":-0.028892820186614432,"cagr":-0.028892820186614432},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":1811.423001,"endRent":1708.193605,"change":-0.05698801215564342,"cagr":-0.019368729697230247},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":1478.005049,"endRent":1708.193605,"change":0.1557427399559579,"cagr":0.029371725037163676}},"maxDrawdown":-0.06840839689695122,"annualizedVolatility":0.029748627353183753,"consecutiveReturnCount":135}}