At the stated Zillow endpoint, ZIP 76014’s typical observed asking-rent index is $1,505 per month, up 1.19% from the same month a year earlier. This Zillow ZORI measure is a ZIP-level, blended index of typical observed asking rents across rental types, not a quote for a particular available home. In wider context only, Arlington city’s asking-rent measure is $1,546, Tarrant County’s is $1,639, and the Dallas-Fort Worth-Arlington, TX metro measure is $1,673; each refers to its named larger geography rather than this ZIP. The 76014 Zillow market identifier matches a Census ZCTA, but a ZCTA is a statistical area and is not identical to a USPS delivery ZIP.
The rent path shows deceleration rather than a uniform trend. The exact same-month one-year ZORI change is 1.19%, versus annualized three-year growth of 2.28% and five-year growth of 3.68%. Thus, the latest direction remains positive but breaks from the faster longer-run pace. Monthly ZORI changes produce 3.77% annualized variability, which limits the confidence that should be placed in a single current rent snapshot: the index has moved enough over time that a current level should be read alongside its history. Separately, the record’s maximum drawdown reached 4.33%, showing a prior decline rather than a continuously rising series. History coverage is 99%. Transparent national discovery ranks among history-eligible ZIPs are 1,663 for momentum, 2,463 for stability, and 2,359 for the balanced score, where lower ranks place higher. These are backward-looking measurements, not forecasts or investment recommendations.
Bedroom figures add structure but do not create observed bedroom rents. Scaling ZIP ZORI with the local HUD ladder produces modelled monthly estimates of $1,233 for a studio, $1,284 for one bedroom, $1,505 for two bedrooms, $1,895 for three bedrooms, and $2,409 for four bedrooms. They are modelled estimates, never measured bedroom rents. The local HUD two-bedroom standard is $1,931, making the modelled two-bedroom estimate 77.94% of that standard. HUD FMR or SAFMR is an administrative, bedroom-specific standard rather than an asking-rent observation, so its comparison with ZORI is a benchmark relationship, not evidence that available two-bedroom listings are priced at either figure.
The matched Census ZCTA ACS five-year survey provides a different resident-based lens. Its median gross rent is $1,613 with a $52 margin of error; this measure covers occupied renter homes and includes selected utilities, unlike Zillow’s asking-rent index. Median household income is $60,333, with a $5,119 margin of error. Applying the arithmetic thirty-percent screen to the current monthly ZORI produces required annual income of $60,200. That screen is arithmetic, not advice and not an applicant qualification rule. Among the 6,394 renter households represented in the burden table, 3,892, or 60.87%, report spending at least thirty percent of income on rent. Renters account for 59.85% of occupied homes. These survey results describe households in aggregate and do not establish affordability, payment history, or rent burden for any particular unit or applicant.
The ZCTA contains 32,818 people and 11,260 housing units, of which 10,684 are occupied. Its overall vacancy rate is 5.12%, while 448 vacant units are classified as available for rent. The structure inventory includes 6,956 single-family units and 844 units in large multifamily structures, a mix that cautions against treating one ZIP-wide rent index as a uniform property-type outcome. Vacancy is an area-level count and rate, not proof that a particular advertised rental is available, competitively priced, lease-ready, or comparable to another listing. Likewise, occupied-unit and renter-share data describe the survey universe rather than a current leasing pipeline.
Redfin supplies a separate for-sale reading: its direct rolling-three-month ZIP resale observation reports a median sold price of $261,691, down 5.95% year over year. There were 51 homes sold, and median marketing time was 27 days. Inventory was 35 homes with 2.1 months of supply. Sale-to-list indicators were mixed rather than uniformly aggressive: the average sale-to-list ratio was 98.93%, while 30.03% of sales closed above list price. These are direct ZIP resale measures, not rental transactions, rental comparables, or evidence about a landlord’s operating results. They describe resale liquidity and pricing signals within the ZIP’s for-sale market only.
Annualized ZIP ZORI divided by Redfin’s median sold price produces a 6.90% cross-source screening ratio. It is only a screening ratio linking a rental asking-rent index and a resale-price observation; it does not incorporate expenses, financing, taxes, unit condition, lease terms, or transaction costs. The resale price decline challenges an unqualified interpretation of the current rent screen, even though ZORI’s latest same-month change remains positive. At the same time, slowing rent growth relative to the three-year and five-year record, together with the aggregate rent-burden result, keeps the screen from resolving the affordability tension. Neither data series establishes why the other moved or what will happen next.
The most useful reading is therefore bounded: current asking-rent evidence is below wider city, county, and metro context measures, but it differs in universe from ACS gross rent, HUD standards, and Redfin resale observations. Before applying ZIP evidence to a property, verify the actual quoted rent, bedroom count, lease duration, included utilities, concessions, condition, occupancy status, and whether the address is inside the relevant Zillow ZIP and Census ZCTA boundary. For resale interpretation, verify the property’s recent list history, closing terms, days marketed, and comparability to the rolling Redfin observation. Those property-level checks can test fit with the published aggregates without converting area statistics into claims about a specific home.
","findings":[{"body":"The latest Zillow ZORI reading increased from the same month a year earlier, but the one-year pace is below both the three-year and five-year annualized changes. That pattern indicates recent deceleration rather than a continuation of the stronger longer-run growth pace. Historical variability and drawdown evidence make a single month’s asking-rent index less conclusive on its own.","title":"Recent rent growth is positive but slower"},{"body":"Zillow ZORI is a blended observed asking-rent index, ACS median gross rent is a five-year survey measure for occupied renter homes with selected utilities, and HUD standards are administrative bedroom-specific benchmarks. The modelled bedroom estimates use ZORI scaled by the HUD ladder. None of these sources should be substituted for a current quote on a comparable available unit.","title":"Rent measures answer different questions"},{"body":"Redfin’s direct ZIP resale evidence shows a year-over-year decline in median sold price while the ZIP asking-rent index was still modestly higher than a year earlier. The resulting annualized-rent-to-sale-price screen may be useful for comparison, but it does not measure property economics. Resale conditions remain separate from rental transactions and leasing outcomes.","title":"Resale pricing creates a cross-source tension"},{"body":"The ZCTA has a renter-majority occupied housing base, substantial reported rent burden, and units classified as vacant for rent. Those aggregate conditions provide context for the local rental environment but cannot show whether a given unit is affordable, available, concessioned, or representative of the ZIP-wide figures. Listing-specific terms remain necessary for any property-level assessment.","title":"Aggregate burden and vacancy need unit-level verification"}],"risks":["Zillow’s blended asking-rent index can move differently from asking rents for any available bedroom type, lease length, building condition, utility package, or concession structure, so the ZIP figure cannot establish a unit-specific market rent.","ACS gross rent, household income, and rent-burden measures are survey estimates for occupied households in a statistical ZCTA, with margins of error and a geography that is not identical to a USPS delivery ZIP.","Redfin’s rolling resale observation reflects sold homes and listing-market signals, not rental transactions; median sale price and sale-to-list data cannot establish leasing demand, operating costs, or results for a rental property.","The annualized rent-to-price screening ratio excludes property taxes, insurance, maintenance, financing, turnover, utilities, vacancy experience, concessions, and transaction terms, so it should not be treated as a complete property-level economic measure."],"qa":[{"a":"It represents Zillow ZORI, a typical observed asking-rent index for the ZIP market that is blended across rental types. It is useful for tracking a broad asking-rent level and historical movement, but it is not a lease quote, a median rent paid by current tenants, or proof of rent for a particular address.","q":"What does the current Zillow rent figure represent?"},{"a":"The bedroom values are created by scaling the ZIP-wide Zillow ZORI with the local HUD bedroom ladder. This provides internally structured estimates from studio through four bedrooms, but no supplied source reports them as observed bedroom-specific asking rents. HUD standards are administrative benchmarks, so the output must remain modelled rather than measured.","q":"Why are the bedroom rent figures described as modelled?"},{"a":"It is annualized ZIP ZORI divided by Redfin’s direct ZIP median sold price, joining data from two distinct sources and market universes. It can flag a broad relationship between current asking-rent indexing and resale pricing, but it excludes costs, property traits, financing, and transaction terms. It is therefore a cross-source screen, not a complete property economic result.","q":"How should the rent-to-sale-price screening ratio be interpreted?"},{"a":"Confirm the actual asking rent, bedroom count, included utilities, concessions, lease duration, condition, availability date, and address geography. For a resale comparison, confirm recent list and sale history, marketing time, closing terms, and physical comparability. These checks matter because ZIP, ZCTA, survey, administrative, and rolling resale measures each cover different evidence universes.","q":"What should be checked before applying these ZIP statistics to a property?"}],"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 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