Resale signals create the report’s central tension. In the direct rolling-three-month ZIP for-sale observation, the median sold price was $1,140,242, up 17.0% from a year earlier. There were 58 homes sold, median marketing time was 31 days, inventory was 46 homes, and months of supply stood at 2.4. The average sale-to-list result was 101.8%, while 55.4% of sales closed above list. Those are ZIP resale-liquidity and pricing observations, not rental transactions. Annualized ZIP ZORI divided by that sold-price median is a 2.3% cross-source screening ratio only, not a cap rate, net return, expected return, or property yield. The firm sale-to-list evidence challenges any simplistic reading of the rent screen as a complete description of this housing market.
The Zillow asking-rent reading is $2,155 for June 2026. It is a typical observed asking-rent index blended across rental types, not a signed-lease average or a bedroom-specific quote. The five-digit label 90807 is both Zillow’s ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. Same-month history through that endpoint shows a 6.3% change over one year, versus annualized changes of 4.0% over three years and 5.7% over five years. The recent advance therefore confirms, rather than breaks from, a longer rising path, though it is faster than either comparison horizon. The series has 115 observations with 100% stated coverage. Its annualized variability measure is 4.0%, so one current index reading deserves moderate rather than point-precise confidence; the deepest historical peak-to-trough decline was 3.6%. Discovery ranks among history-eligible ZIPs were 330 for momentum, 2,572 for stability, and 1,130 for the balanced score. These are backward-looking measurements, not forecasts or investment conclusions.
The matched ACS five-year survey reports a $1,947 median gross rent, with a $83 margin of error, for occupied renter homes. Gross rent includes selected utilities, so it occupies a different evidence universe from Zillow asking rent; the ACS figure is lower, but neither source substitutes for the other. HUD’s bedroom-specific FMR/SAFMR standard is administrative rather than asking rent, and its local two-bedroom standard is $3,070. Scaling ZIP ZORI by that local HUD ladder produces modelled monthly estimates of $1,671 for a studio, $1,781 for a one-bedroom, the ZIP ZORI level for a two-bedroom, $2,834 for a three-bedroom, and $3,280 for a four-bedroom. These are modelled estimates, never measured bedroom rents, and the HUD standard is not evidence that a unit will be advertised at that amount.
A simple 30% required-income screen converts the current asking-rent index into $86,200 of annual household income. That screen is arithmetic, not advice and not an applicant qualification rule. ACS reports median household income of $103,777, placing the ZIP asking-rent index at 24.9% of that aggregate income benchmark. Separately, 2,883 occupied renter households, or 53.1%, reported rent burdens at or above the stated threshold in the ACS survey. The burden result describes surveyed renter households across the matched ZCTA, not the financial position of a prospective household or the affordability of a particular available apartment. It nevertheless shows that the aggregate income comparison and the renter-burden distribution should not be treated as interchangeable screens.
The ACS housing-stock picture provides another constraint on broad interpretation. Of 13,100 housing units, 12,636 are occupied, and the reported vacancy rate is 3.5%. There are 260 vacant units classified as for rent, but that aggregate count does not establish availability, condition, price, or lease terms for any specific unit. Renters occupy 43% of occupied homes, while the stock includes 7,798 single-family units and 2,492 units in large multifamily structures. This mix helps describe the ZCTA’s occupied housing base, but it does not identify the rental type represented by the Zillow index or the homes included in the resale observation. Vacancy and burden are therefore area-level measures rather than proof about an individual property.
Wider figures are context only, not replacements for the ZIP evidence. Long Beach city-context asking rent is $2,364, Los Angeles County county-context asking rent is $2,808, and Los Angeles-Long Beach-Anaheim metro-context asking rent is $2,927. The ZIP asking-rent index is below each of those broader-scope figures, but geographic scope and rental composition differ, limiting direct comparability. The city, county, and metro values should be used to frame scale rather than to overwrite the ZIP ZORI reading, the matched ZCTA ACS household survey, or the direct ZIP resale record. In particular, broader-area context cannot establish whether an individual ZIP listing has utilities included, a concession, a particular bedroom count, or a lease price aligned with the index.
The decision tension is not resolved by combining the sources into one implied property outcome. Rent history shows a sustained but variable upward path, while the resale block shows firm pricing and sale-to-list signals in a separate for-sale universe. The income screen looks less stretched than the reported renter-burden share might suggest, because each statistic addresses a different population and calculation. Property-level interpretation would require verification of the actual asking rent, bedroom count, square footage, included utilities, lease length, concessions, availability date, and recent comparable listings. For a for-sale property, the relevant checks would separately include transaction condition, list history, financing terms, and whether the observed ZIP resale measures resemble that property’s segment.
This report cannot identify a typical unit, infer tenant demand from resale activity, or establish the economics of a specific purchase or lease. Zillow measures observed asking-rent conditions; ACS measures surveyed occupied renter households; HUD supplies an administrative bedroom ladder; and Redfin records direct ZIP resale activity. Their different timing, geographies, and definitions are material limits rather than discrepancies to be averaged away. The high-variability history classification also means that a well-covered current rent snapshot can still move around its longer path. The practical question is therefore not which source is “right,” but which evidence universe matches the property-level question being examined.
","findings":[{"body":"ZIP asking rent is a blended, current-market index, whereas ACS gross rent describes surveyed occupied renter households and includes selected utilities. The observed gap is informative about source construction, not proof that either series is wrong. HUD adds a bedroom-specific administrative standard, making it useful for scaling a transparent model but unsuitable as an advertised-rent comparable.","title":"Rent measures answer different questions"},{"body":"Recent asking-rent growth is stronger than both longer annualized comparisons, so direction is consistent with an established upward historical path rather than a reversal. Yet the high-variability classification, weak stability standing, and recorded drawdown mean the current observation should be treated as a well-covered snapshot with movement around it, not as a fixed trend.","title":"History supports direction but not precision"},{"body":"The direct ZIP resale observation shows price growth, short marketing time, limited supply, and strong sale-to-list outcomes. Those signals describe for-sale liquidity and pricing, not lease execution or tenant demand. They create a useful tension with rental affordability screens because a resale market can look strong even when rent, income, and burden measures present a more mixed household-level picture.","title":"Resale evidence is firm but separate"},{"body":"The required-income calculation is mechanically below the area median household-income benchmark, while a substantial share of surveyed renters reports elevated rent burdens. Neither measure determines affordability for a specific household. Unit rent, utilities, concessions, lease duration, bedroom count, and availability must be checked before applying area-level statistics to a particular rental decision.","title":"Aggregate affordability requires property checks"}],"risks":["The current asking-rent index blends rental types and is not a unit quote. Lease term, included utilities, concessions, condition, size, and availability can produce materially different property-level economics.","The ACS ZCTA is a statistical approximation of the ZIP geography and surveys occupied renter homes over multiple years. Its gross-rent and burden results should not be read as current advertised rents.","HUD bedroom standards are administrative program benchmarks, not market asking-rent observations. The bedroom ladder creates transparent modelled estimates, but it cannot validate a specific listing’s bedroom rent or utility package.","Resale indicators describe for-sale transactions and listings, while rent history is backward-looking. Neither source establishes future outcomes, individual property performance, tenant demand, or a buyer’s net economics."],"qa":[{"a":"They are shown to preserve distinct evidence universes rather than to create one blended rent estimate. Zillow tracks a ZIP asking-rent index, ACS reports gross rent among surveyed occupied renter homes with selected utilities, and HUD provides an administrative bedroom-specific standard. Each is useful only for the question its definition supports.","q":"Why does the report show Zillow, ACS, and HUD rent figures together?"},{"a":"They are modelled monthly estimates created by scaling the ZIP Zillow asking-rent index with the local HUD bedroom ladder. They are not measured bedroom rents, lease quotes, or advertised comparable listings. A real unit can differ because of condition, utility treatment, size, lease terms, concessions, availability, and property type.","q":"How should the bedroom estimates be interpreted?"},{"a":"No. The resale block is a direct ZIP for-sale observation covering sold prices, sales pace, supply, inventory, and sale-to-list behavior. It does not record rental transactions, operating expenses, financing, taxes, maintenance, lease collections, or property-specific condition. The rent-to-price calculation is only a cross-source screening ratio and cannot be treated as a return measure.","q":"Does the resale evidence demonstrate rental economics or investment performance?"},{"a":"The history provides complete stated coverage and indicates that the latest movement follows a longer rising direction. However, the high-variability classification, weaker stability standing, and prior drawdown show that rents have not moved in a perfectly smooth line. The current reading is therefore informative, but it should not be treated as a precise or predictive endpoint.","q":"What does the history block say about confidence in the current asking-rent reading?"}],"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":"2016-12-01","rent":1266.448944},{"period":"2017-01-01","rent":1293.295474},{"period":"2017-02-01","rent":1324.943611},{"period":"2017-03-01","rent":1312.512819},{"period":"2017-04-01","rent":1297.421972},{"period":"2017-05-01","rent":1281.85249},{"period":"2017-06-01","rent":1299.445511},{"period":"2017-07-01","rent":1312.910713},{"period":"2017-08-01","rent":1318.801793},{"period":"2017-09-01","rent":1326.981607},{"period":"2017-10-01","rent":1334.643627},{"period":"2017-11-01","rent":1355.909508},{"period":"2017-12-01","rent":1346.697896},{"period":"2018-01-01","rent":1366.209793},{"period":"2018-02-01","rent":1337.464872},{"period":"2018-03-01","rent":1373.294151},{"period":"2018-04-01","rent":1369.920509},{"period":"2018-05-01","rent":1400.275081},{"period":"2018-06-01","rent":1398.624519},{"period":"2018-07-01","rent":1417.823534},{"period":"2018-08-01","rent":1424.93766},{"period":"2018-09-01","rent":1419.833617},{"period":"2018-10-01","rent":1438.500841},{"period":"2018-11-01","rent":1454.937969},{"period":"2018-12-01","rent":1468.555084},{"period":"2019-01-01","rent":1459.540791},{"period":"2019-02-01","rent":1480.952623},{"period":"2019-03-01","rent":1474.819597},{"period":"2019-04-01","rent":1493.577703},{"period":"2019-05-01","rent":1492.605203},{"period":"2019-06-01","rent":1502.119961},{"period":"2019-07-01","rent":1499.218544},{"period":"2019-08-01","rent":1506.069805},{"period":"2019-09-01","rent":1516.685499},{"period":"2019-10-01","rent":1516.360415},{"period":"2019-11-01","rent":1503.854692},{"period":"2019-12-01","rent":1508.07461},{"period":"2020-01-01","rent":1511.988165},{"period":"2020-02-01","rent":1515.331312},{"period":"2020-03-01","rent":1511.417073},{"period":"2020-04-01","rent":1510.159091},{"period":"2020-05-01","rent":1519.893043},{"period":"2020-06-01","rent":1529.772175},{"period":"2020-07-01","rent":1557.451239},{"period":"2020-08-01","rent":1557.007784},{"period":"2020-09-01","rent":1563.007249},{"period":"2020-10-01","rent":1584.952233},{"period":"2020-11-01","rent":1603.204692},{"period":"2020-12-01","rent":1585.664175},{"period":"2021-01-01","rent":1573.738815},{"period":"2021-02-01","rent":1590.564855},{"period":"2021-03-01","rent":1612.225345},{"period":"2021-04-01","rent":1622.750177},{"period":"2021-05-01","rent":1617.434159},{"period":"2021-06-01","rent":1632.178968},{"period":"2021-07-01","rent":1654.591979},{"period":"2021-08-01","rent":1681.283063},{"period":"2021-09-01","rent":1691.641004},{"period":"2021-10-01","rent":1693.922174},{"period":"2021-11-01","rent":1710.342215},{"period":"2021-12-01","rent":1742.231628},{"period":"2022-01-01","rent":1764.082505},{"period":"2022-02-01","rent":1767.005606},{"period":"2022-03-01","rent":1791.234662},{"period":"2022-04-01","rent":1812.010667},{"period":"2022-05-01","rent":1857.662768},{"period":"2022-06-01","rent":1837.923099},{"period":"2022-07-01","rent":1807.789962},{"period":"2022-08-01","rent":1790.302241},{"period":"2022-09-01","rent":1819.37547},{"period":"2022-10-01","rent":1859.405119},{"period":"2022-11-01","rent":1858.143329},{"period":"2022-12-01","rent":1863.602392},{"period":"2023-01-01","rent":1889.979963},{"period":"2023-02-01","rent":1920.146255},{"period":"2023-03-01","rent":1889.043537},{"period":"2023-04-01","rent":1870.163253},{"period":"2023-05-01","rent":1852.223204},{"period":"2023-06-01","rent":1915.263781},{"period":"2023-07-01","rent":1943.052957},{"period":"2023-08-01","rent":1949.217557},{"period":"2023-09-01","rent":1930.409482},{"period":"2023-10-01","rent":1918.102057},{"period":"2023-11-01","rent":1934.410459},{"period":"2023-12-01","rent":1971.525481},{"period":"2024-01-01","rent":1977.105424},{"period":"2024-02-01","rent":1954.021304},{"period":"2024-03-01","rent":1958.770666},{"period":"2024-04-01","rent":1990.453844},{"period":"2024-05-01","rent":2039.974065},{"period":"2024-06-01","rent":2032.014901},{"period":"2024-07-01","rent":2017.000324},{"period":"2024-08-01","rent":2033.133234},{"period":"2024-09-01","rent":2040.317032},{"period":"2024-10-01","rent":2063.485162},{"period":"2024-11-01","rent":2071.301386},{"period":"2024-12-01","rent":2040.816968},{"period":"2025-01-01","rent":2006.209771},{"period":"2025-02-01","rent":2015.503962},{"period":"2025-03-01","rent":2079.92862},{"period":"2025-04-01","rent":2088.945453},{"period":"2025-05-01","rent":2067.702657},{"period":"2025-06-01","rent":2027.238593},{"period":"2025-07-01","rent":2044.892996},{"period":"2025-08-01","rent":2046.899956},{"period":"2025-09-01","rent":2058.797615},{"period":"2025-10-01","rent":2054.23683},{"period":"2025-11-01","rent":2055.995098},{"period":"2025-12-01","rent":2074.513889},{"period":"2026-01-01","rent":2108.804196},{"period":"2026-02-01","rent":2124.29856},{"period":"2026-03-01","rent":2095.534609},{"period":"2026-04-01","rent":2095.910069},{"period":"2026-05-01","rent":2110.953655},{"period":"20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