ZIP 76001’s central tension is that its asking-rent signal is cooling even as the for-sale record is firmer. In June 2026, Zillow ZORI is $2,022 per month, down 2.7% from a year earlier. This is Zillow’s ZIP-level typical observed asking-rent index, blended across rental types; it is not a lease quote for one dwelling. The 76001 label is both a Zillow ZIP market identifier and a match to a Census ZCTA. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP, which matters when a specific property sits near a boundary.
The recent decline breaks from the longer rent path rather than confirming it. Exact same-month annualized change was -2.7% over one year, 0.4% over three years, and 3.4% over five years. History coverage is 99.2%, supporting a nearly continuous retrospective series. Annualized monthly-return variability reaches 3.0%, enough movement to reduce confidence in treating one current index reading as a settled level. Separately, the largest historical peak-to-trough decline was 5.0%, showing that the series has experienced meaningful reversals. Transparent national discovery ranks among history-eligible ZIPs are 2,694 for momentum, 1,607 for stability, and 2,616 for the balanced measure, where lower ranks are higher. These are backward-looking measurements, not forecasts, ratings, or investment recommendations.
The matched ZCTA’s ACS five-year median gross rent is $1,879, and Zillow’s current asking-rent index is 7.6% higher. The ACS figure is a survey measure for occupied renter homes and includes selected utilities, so it should not be treated as a current advertised-rent equivalent. For wider context only, Arlington city-scope rent is $1,546, Tarrant County county-scope rent is $1,639, and Dallas-Fort Worth-Arlington, TX metro-scope rent is $1,673; each is a broader geographic comparison rather than a substitute for the direct ZIP asking-rent index. The ZIP reading is therefore elevated against those named context scopes, while the source definitions prevent a like-for-like conclusion about individual leases.
The bedroom ladder is useful for sizing the ZIP index but does not measure bedroom-specific market rents. Modelled monthly ZIP estimates are $1,657 for a studio, $1,726 for one bedroom, $2,022 for two bedrooms, $2,546 for three bedrooms, and $3,237 for four bedrooms. These estimates scale ZIP ZORI using the local HUD ladder. HUD FMR/SAFMR is an administrative, bedroom-specific standard rather than asking rent: the local two-bedroom HUD standard is $1,931, placing the current ZIP index 4.7% above that rung. The modelled ladder can frame a bedroom comparison, but actual properties can differ by lease terms, utilities, condition, and rental type.
The income screen looks less strained at the area median than the renter burden measure. Applying the 30% arithmetic screen to the current annualized ZIP asking-rent index produces required income of $80,880, below the ZCTA median household income of $105,311; the resulting asking-rent-to-income screen is 23.0%. This is arithmetic, not advice and not an applicant qualification rule. At the same time, 59.2% of the estimated 2,931 renter-occupied homes report spending at least 30% of income on gross rent in ACS. That aggregate burden result cannot establish affordability for a particular household or unit. The housing stock totals 12,452 units, is predominantly single-family, and has a 3.3% vacancy rate; vacancy alone does not establish immediate rental availability or bargaining conditions for a specific listing.
Redfin’s direct rolling three-month ZIP resale observation belongs wholly to the for-sale market, not rental transactions. Median sold price is $372,416, up 1.3% year over year. The observation records 85 homes sold, with a median 41 days on market, inventory of 103 homes, and 3.7 months of supply. Its sale-to-list signals show the average sale at 98.94% of list price and 18.1% of sales above list price. Those figures describe ZIP resale liquidity, pricing, marketing time, and negotiated sale outcomes; they cannot serve as rental comps, lease evidence, or property-level operating economics.
The resale and rent evidence create a clear cross-source tension: ZIP resale pricing increased while the current asking-rent index declined, and that decline interrupts positive longer-horizon rent changes. Likewise, the median-income screen appears more comfortable than the broad ACS renter-burden share. Annualized ZIP ZORI divided by median sold price produces a 6.5% cross-source screening ratio only. It is not a cap rate, net return, expected return, or property yield, because it does not include expenses, financing, vacancies at a specific property, taxes, insurance, maintenance, or unit-level rent. The ratio is best read as a narrow comparison between two unlike sources and market universes.
Important limits remain before translating these aggregate signals to an address. Zillow combines rental types, ACS summarizes occupied renter homes in a statistical ZCTA, HUD supplies administrative standards, and Redfin captures completed resale transactions. Concrete property-level checks include confirming the address’s applicable geography, current advertised rent, lease term, bedroom classification, included utilities, property condition, and whether an advertised unit is actually available. For a resale comparison, verify the sale date, property type, condition, and listing history rather than assuming the ZIP median applies. The most decision-relevant unresolved question is whether the particular property’s lease and physical characteristics align with the source definitions used here.
","findings":[{"body":"The current Zillow asking-rent index declined 2.7% over the latest exact same-month year, while the three-year and five-year histories remain modestly positive. That creates a break from the longer path rather than a simple continuation. Near-complete history coverage improves the usefulness of the retrospective record, but monthly variability and the prior drawdown mean one current index level deserves measured confidence.","title":"Cooling is recent, not the full historical pattern"},{"body":"The 30% required-income calculation falls below the ZCTA median household income, producing a lower rent-to-income screen than the ACS burden pattern might suggest. Yet a majority of renter-occupied homes report gross-rent burdens at or above 30% of income. This is not a contradiction about any individual household: the income benchmark and renter-burden survey describe different populations and measures.","title":"Area income arithmetic conflicts with aggregate renter burden"},{"body":"Studio through four-bedroom values are modelled estimates derived by scaling the ZIP Zillow asking-rent index with the local HUD bedroom ladder. HUD FMR/SAFMR is a bedroom-specific administrative standard, while Zillow ZORI is a blended asking-rent index. Neither source supplies measured asking rents for a particular bedroom count, building, lease structure, or utility package.","title":"Bedroom figures are modelled from HUD standards"},{"body":"The direct ZIP resale observation shows a higher median sold price than a year earlier, alongside recorded sales, marketing time, inventory, supply, and sale-to-list measures. That for-sale evidence is firmer than the latest asking-rent direction, which is negative. The annualized-rent-to-price figure is therefore only a cross-source screening ratio and cannot establish property income, expenses, or returns.","title":"Resale firmness challenges the rent-only reading"}],"risks":["Zillow ZORI is a blended typical asking-rent index across rental types, so it can diverge from an individual property’s advertised lease amount, bedroom mix, condition, concessions, utility treatment, or availability.","The Census ZCTA is a statistical geography rather than an identical USPS delivery ZIP, and ACS gross rent is a five-year occupied-renter survey with selected utilities rather than current asking-rent evidence.","The renter-burden share and vacancy rate are aggregate measures. They do not prove that a particular household is burdened, that a particular unit is vacant, or that any listing will accept a given applicant.","Redfin resale metrics describe completed for-sale transactions in a rolling ZIP observation. Dividing annualized asking rent by sold price omits property costs and cannot establish cap rate, net return, or property yield."],"qa":[{"a":"It represents Zillow’s typical observed ZIP-level asking-rent index, blended across rental types at the stated endpoint. It is useful as a broad current rent signal, but it is not a measured rent for a named property, a guaranteed lease quote, or a direct measure of any single bedroom category.","q":"What does the current Zillow rent figure actually represent?"},{"a":"ACS median gross rent is a five-year survey statistic for occupied renter homes and includes selected utilities. Zillow ZORI is a current asking-rent index. The sources cover different time structures, rental populations, and rent definitions, so their difference is informative context rather than proof that either source is wrong.","q":"Why are ACS gross rent and Zillow asking rent different?"},{"a":"The required-income figure applies a 30% arithmetic rule to annualized ZIP asking rent and compares that result with median household income. It is not qualification guidance. ACS burden instead summarizes renter households reporting gross-rent pressure, so the burden share can remain high even when the area-level income screen appears lower.","q":"How should the affordability screen be read alongside renter burden?"},{"a":"Redfin’s ZIP resale figures can describe sold prices, transaction activity, days on market, inventory, supply, and sale-to-list outcomes in the for-sale market. They cannot supply rental comps or operating results. The annualized ZORI-to-price figure is only a cross-source screening ratio and excludes unit-specific expenses, financing, and lease terms.","q":"What can the Redfin sale data say about rental economics?"}],"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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