At first glance, 90027’s central tension is the distance between a $2,557 June 2026 Zillow asking-rent index and a $2,140,516 Redfin median sold price. Annualizing ZIP ZORI and dividing it by that sold price produces a 1.43% cross-source screening ratio, while the direct rolling-three-month ZIP resale observation shows the median sold price up 11.37% year over year. Redfin recorded 57 homes sold, 46 median days on market, 91 homes of inventory, and 4.9 months of supply. Its 100.98% average sale-to-list result and 38.22% sold-above-list share describe for-sale liquidity and pricing signals, not rental transactions. The screening ratio is solely a cross-source comparison, not a property-level return measure.
The asking-rent path has remained positive but has slowed materially. The exact same-month one-year rent-history measure was 0.85%, versus 1.69% over three years and 4.03% over five years. Thus, recent direction does not reverse the longer path, but it breaks from its faster five-year pace. Annualized monthly-return variability was 2.35%, suggesting that the index has generally moved in a relatively narrow range; this supports more confidence in one current rent snapshot than a highly erratic series would. Separately, the maximum drawdown reached 3.26%, a contained backward-looking decline rather than evidence about future rents. The history contains 126 observations and 125 consecutive monthly returns, with 100% coverage. Transparent national discovery ranks among history-eligible ZIPs were 1,896 for momentum, 460 for stability, and 1,221 for the balanced measure; lower ranks are higher, and none is a forecast or recommendation.
Bedroom detail should be read as a model, not as a set of measured rents. Scaling ZIP ZORI through the local HUD bedroom ladder produces modelled monthly estimates of $1,983 for a studio, $2,113 for one bedroom, $2,557 for two bedrooms, $3,363 for three bedrooms, and $3,892 for four bedrooms. These estimates preserve the local HUD ladder’s bedroom relationships, but they do not observe asking rents for a specific unit type. Zillow ZORI is a typical observed asking-rent index blended across rental types. In contrast, HUD FMR or SAFMR is an administrative, bedroom-specific standard rather than asking rent. The five-digit 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.
ACS 2024 five-year median gross rent was $1,940, 31.8% below the current Zillow asking-rent index. That gap is expected to reflect different universes: ACS surveys occupied renter homes over five years and includes selected utilities, while ZORI summarizes current asking-rent conditions. A $102,280 annual income is the arithmetic result of applying a 30% screen to the current monthly index; it is not advice and not an applicant qualification rule. The same index equals 32.5% of the reported $94,521 median household income, which has a $6,285 ACS margin of error. ACS also reports that 49.3% of renter households are rent burdened at 30% or more. That household-level burden measure cannot establish the affordability or lease terms of any particular available unit.
The matched ZCTA had 46,558 residents and 24,463 housing units in the ACS survey. Its overall vacancy rate was 9.3%, with 895 vacant units classified for rent, while renters occupied 80.0% of occupied homes. The stock includes 8,357 large-multifamily units and 6,362 single-family units, indicating that neither structure category alone represents the full rental universe behind the blended asking-rent index. Vacancy is a classification across the area’s housing stock, not proof that a particular listed home is rentable, competitively priced, or available on a stated date. Likewise, the large renter presence does not identify lease turnover, concessions, bedroom mix, or current unit condition.
Wider benchmarks point in the same general rent direction but remain context only: the Los Angeles city context records a $2,773 rent, the Los Angeles County context records $2,808, and the Los Angeles-Long Beach-Anaheim, CA metro context records $2,927 alongside a 5.4% apartment vacancy rate. Each contextual rent exceeds the ZIP Zillow index, but those broader values cannot substitute for a ZIP observation. The city, county, and metro measures also cover different geographic scopes from the matched ZCTA and can embody different housing mixes. In particular, the ZIP’s overall vacancy measure and the metro’s apartment vacancy measure are not interchangeable. The comparison is useful for locating the ZIP within wider data, not for converting citywide, countywide, or metro conditions into a unit-level rent conclusion.
Redfin’s resale evidence creates a meaningful counterweight to the rent and affordability screens. The ZIP’s sales market showed price appreciation and above-list activity, yet its asking-rent history advanced much more slowly over the latest year than over the longer five-year interval. That contrast challenges any simple interpretation of resale strength as confirmation of current rent acceleration. At the same time, the completed sales, marketing time, inventory, months of supply, and sale-to-list signals confirm that Redfin observed an active direct ZIP resale market. They do not establish rental demand, landlord operating costs, financing terms, or the economics of a specific property. The rent-to-price screening ratio should therefore remain a narrow comparison tool rather than a conclusion about ownership performance.
The evidence is strongest for describing broad ZIP conditions at stated endpoints and weakest for resolving the economics of an individual address. A property-level review would need the actual asking rent, bedroom and bathroom count, lease date, concessions, utility responsibility, availability status, and condition before comparing a listing with the modelled bedroom ladder. For a resale comparison, useful checks include the property’s sale date, living area, lot or structure type, condition, listing history, and whether nearby sales are genuinely comparable. ACS estimates carry survey timing and sampling limits; ZORI is an index; HUD is an administrative standard; and Redfin is resale evidence. What do the unit-specific listing and sale records show once those separate evidence universes are kept intact?
","findings":[{"body":"ZIP asking-rent history remained positive across the one-year, three-year, and five-year same-month measures, but the latest annual pace is below both longer measures. Low annualized monthly variability and a limited maximum drawdown support continuity in the historical series, while the slower recent pace means the current index should not be treated as evidence of accelerating rent growth.","title":"Rent growth is positive but decelerating"},{"body":"The Zillow asking-rent index is above ACS median gross rent, but the comparison is not like-for-like. ZORI reflects a current typical observed asking-rent index blended across rental types. ACS is a five-year survey of occupied renter homes and includes selected utilities. The difference is decision-relevant as a scope gap, not proof that every available unit rents above the ACS median.","title":"Current asking rent exceeds the occupied-home survey benchmark"},{"body":"The matched ZCTA is predominantly renter occupied and contains substantial large-multifamily and single-family housing stock. Its overall vacancy rate and vacant-for-rent count provide area-level availability context, but neither measure establishes the availability, rent, concessions, bedroom count, or condition of a particular unit. Rent-burden statistics likewise summarize households rather than listings.","title":"Renter concentration and vacancy require careful interpretation"},{"body":"Redfin’s direct rolling-three-month ZIP resale observation reports a rising median sold price, completed sales, marketing time, inventory, months of supply, and sale-to-list measures. Those are for-sale signals, not rental transactions. The annualized ZORI-to-sold-price figure is a cross-source screening ratio only. The stronger resale movement alongside slower recent rent growth is a measured tension rather than evidence of a property return.","title":"Resale strength does not establish rental economics"}],"risks":["The ZIP asking-rent index is blended across rental types, so it cannot identify the rent, concessions, utility treatment, condition, or availability of any particular studio, apartment, or house.","ACS burden and gross-rent figures summarize occupied renter households in a five-year ZCTA survey; sampling uncertainty, past lease timing, and included selected utilities prevent direct conversion into a current listing benchmark.","Redfin’s rolling three-month evidence concerns for-sale resales, not rental transactions. A sale-price-to-rent screen omits financing, operating expenses, taxes, insurance, condition, and transaction-specific characteristics.","The full historical observation record improves continuity, but backward-looking rent changes, variability, and drawdown cannot establish future rents, resale pricing, tenant demand, or the outcome for a specific property."],"qa":[{"a":"They represent different evidence universes. Zillow ZORI is a current ZIP-level 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. Different timing, occupancy status, utility treatment, and rental mix can all produce a difference without identifying an error in either source.","q":"Why does Zillow asking rent differ from ACS median gross rent?"},{"a":"No. The studio through four-bedroom figures are modelled monthly ZIP estimates created by scaling the ZIP Zillow asking-rent index using the local HUD bedroom ladder. They are useful for a standardized bedroom pattern, but they are not measured asking rents, lease transactions, or evidence about the price of a specific available unit.","q":"Are the bedroom rents observed market rents?"},{"a":"It is a simple arithmetic screen: monthly Zillow asking rent is annualized and divided by 30%. It does not account for taxes, debt, household composition, utilities beyond the index scope, savings, or other expenses. It is not financial advice, a recommendation, or an applicant qualification rule used by a landlord.","q":"What does the 30% required-income figure mean?"},{"a":"Use it only as a cross-source comparison between annualized ZIP ZORI and the Redfin ZIP median sold price. It helps show the scale of asking rent relative to resale pricing, but it is not a cap rate, net return, expected return, or property yield. Property-level economics require address-specific income, expenses, financing, condition, and transaction information.","q":"How should the Redfin rent-to-price screening ratio be used?"}],"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":"2016-01-01","rent":1688.492663},{"period":"2016-02-01","rent":1729.053605},{"period":"2016-03-01","rent":1749.919882},{"period":"2016-04-01","rent":1764.351711},{"period":"2016-05-01","rent":1751.252328},{"period":"2016-06-01","rent":1755.13829},{"period":"2016-07-01","rent":1784.369853},{"period":"2016-08-01","rent":1804.12519},{"period":"2016-09-01","rent":1822.402355},{"period":"2016-10-01","rent":1828.741197},{"period":"2016-11-01","rent":1841.762512},{"period":"2016-12-01","rent":1877.523663},{"period":"2017-01-01","rent":1878.259354},{"period":"2017-02-01","rent":1891.71655},{"period":"2017-03-01","rent":1915.593117},{"period":"2017-04-01","rent":1919.198638},{"period":"2017-05-01","rent":1946.470652},{"period":"2017-06-01","rent":1944.745802},{"period":"2017-07-01","rent":1957.78773},{"period":"2017-08-01","rent":1926.59446},{"period":"2017-09-01","rent":1919.816958},{"period":"2017-10-01","rent":1953.235098},{"period":"2017-11-01","rent":1992.927509},{"period":"2017-12-01","rent":1997.260173},{"period":"2018-01-01","rent":1999.188242},{"period":"2018-02-01","rent":2000.764979},{"period":"2018-03-01","rent":1996.059181},{"period":"2018-04-01","rent":1999.247219},{"period":"2018-05-01","rent":2000.552308},{"period":"2018-06-01","rent":2009.211439},{"period":"2018-07-01","rent":2013.221666},{"period":"2018-08-01","rent":2041.218491},{"period":"2018-09-01","rent":2041.873541},{"period":"2018-10-01","rent":2047.949062},{"period":"2018-11-01","rent":2044.268367},{"period":"2018-12-01","rent":2068.036748},{"period":"2019-01-01","rent":2062.990788},{"period":"2019-02-01","rent":2064.354703},{"period":"2019-03-01","rent":2070.91793},{"period":"2019-04-01","rent":2082.791518},{"period":"2019-05-01","rent":2089.678036},{"period":"2019-06-01","rent":2099.958766},{"period":"2019-07-01","rent":2101.386424},{"period":"2019-08-01","rent":2107.490725},{"period":"2019-09-01","rent":2122.474229},{"period":"2019-10-01","rent":2116.411144},{"period":"2019-11-01","rent":2112.852889},{"period":"2019-12-01","rent":2100.921475},{"period":"2020-01-01","rent":2118.509782},{"period":"2020-02-01","rent":2127.494865},{"period":"2020-03-01","rent":2134.446115},{"period":"2020-04-01","rent":2126.269626},{"period":"2020-05-01","rent":2122.83053},{"period":"2020-06-01","rent":2110.361956},{"period":"2020-07-01","rent":2098.339702},{"period":"2020-08-01","rent":2090.2535},{"period":"2020-09-01","rent":2084.765113},{"period":"2020-10-01","rent":2096.814271},{"period":"2020-11-01","rent":2094.281804},{"period":"2020-12-01","rent":2078.56422},{"period":"2021-01-01","rent":2064.941419},{"period":"2021-02-01","rent":2068.198118},{"period":"2021-03-01","rent":2077.217106},{"period":"2021-04-01","rent":2086.215499},{"period":"2021-05-01","rent":2090.611952},{"period":"2021-06-01","rent":2099.338652},{"period":"2021-07-01","rent":2117.672498},{"period":"2021-08-01","rent":2145.793999},{"period":"2021-09-01","rent":2187.664389},{"period":"2021-10-01","rent":2212.126484},{"period":"2021-11-01","rent":2249.813767},{"period":"2021-12-01","rent":2288.65323},{"period":"2022-01-01","rent":2316.274137},{"period":"2022-02-01","rent":2321.169769},{"period":"2022-03-01","rent":2311.782829},{"period":"2022-04-01","rent":2330.098274},{"period":"2022-05-01","rent":2357.381891},{"period":"2022-06-01","rent":2383.173793},{"period":"2022-07-01","rent":2400.117022},{"period":"2022-08-01","rent":2408.830692},{"period":"2022-09-01","rent":2401.543703},{"period":"2022-10-01","rent":2392.159238},{"period":"2022-11-01","rent":2375.656588},{"period":"2022-12-01","rent":2373.364648},{"period":"2023-01-01","rent":2377.207647},{"period":"2023-02-01","rent":2392.279774},{"period":"2023-03-01","rent":2436.973778},{"period":"2023-04-01","rent":2449.662961},{"period":"2023-05-01","rent":2447.849646},{"period":"2023-06-01","rent":2432.116028},{"period":"2023-07-01","rent":2441.898874},{"period":"2023-08-01","rent":2443.092372},{"period":"2023-09-01","rent":2453.194589},{"period":"2023-10-01","rent":2458.252986},{"period":"2023-11-01","rent":2480.196022},{"period":"2023-12-01","rent":2478.659464},{"period":"2024-01-01","rent":2471.505912},{"period":"2024-02-01","rent":2460.777679},{"period":"2024-03-01","rent":2462.434799},{"period":"2024-04-01","rent":2462.157839},{"period":"2024-05-01","rent":2470.070925},{"period":"2024-06-01","rent":2481.204284},{"period":"2024-07-01","rent":2485.236984},{"period":"2024-08-01","rent":2496.095627},{"period":"2024-09-01","rent":2500.288217},{"period":"2024-10-01","rent":2509.646629},{"period":"2024-11-01","rent":2501.058413},{"period":"2024-12-01","rent":2498.174414},{"period":"2025-01-01","rent":2505.881325},{"period":"2025-02-01","rent":2519.121086},{"period":"2025-03-01","rent":2508.361393},{"period":"2025-04-01","rent":2503.829745},{"period":"2025-05-01","rent":2517.879188},{"period":"2025-06-01","rent":2535.955998},{"period":"2025-07-01","rent":2536.671565},{"period":"2025-08-01","rent":2537.253372},{"period":"2025-09-01","rent":2540.760142},{"period":"2025-10-01","rent":2543.102633},{"period":"2025-11-01","rent":2551.220994},{"period":"2025-12-01","rent":2562.600597},{"period":"2026-01-01","rent":2566.830659},{"period":"2026-02-01","rent":2566.279877},{"period":"2026-03-01","rent":2571.93489},{"period":"2026-04-01","rent":2578.817107},{"period":"2026-05-01","rent":2569.322011},{"period":"2026-06-01","rent":2557.420003}],"historySummary":{"pointCount":126,"firstPeriod":"2016-01-01","latestPeriod":"2026-06-01","coverageMonths":126,"coverageRatio":1,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":2535.955998,"endRent":2557.420003,"change":0.008463871225260933,"cagr":0.008463871225260933},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":2432.116028,"endRent":2557.420003,"change":0.05152055804798161,"cagr":0.016886751807245304},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":2099.338652,"endRent":2557.420003,"change":0.21820269472178522,"cagr":0.040264818896478705}},"maxDrawdown":-0.03256334067726041,"annualizedVolatility":0.023453128288320628,"consecutiveReturnCount":125}}