The 91367 label is both a Zillow ZIP market identifier and a Census ZCTA match, but the two source universes should not be collapsed. Zillow’s current ZIP ZORI is $2,965 per month, down 0.93% year over year. ZORI is a typical observed asking-rent index blended across rental types, rather than a lease-level quote or a utility-inclusive household-cost measure. For wider context only, the Los Angeles city scope has a $2,773 rent index, the Los Angeles County scope has a $2,808 rent index, and the Los Angeles-Long Beach-Anaheim metro scope has a $2,927 rent index. The ZIP is therefore above each broader asking-rent benchmark while its latest direction is negative.
That latest decline breaks from the longer rent path rather than confirming it. The one-year exact same-month ZORI change is negative 0.93%, while the three-year exact same-month annualized change is positive 1.50% and the five-year measure is positive 3.47%. In other words, the recent cooling reading follows an earlier period of cumulative growth, not a five-year pattern of persistent decline. Annualized monthly-return variability is 2.50%, which supports more confidence in the index as a relatively stable broad snapshot than a highly erratic series would, but it does not make it a precise quote for a particular unit. The maximum drawdown of 2.99% shows a limited historical peak-to-trough retreat. History coverage is 100% across 136 observations. Transparent national discovery ranks, where lower is higher, place momentum at 2,356, stability at 689, and the balanced measure at 1,829; these are backward-looking discovery positions, not forecasts or investment signals.
The matched Census ZCTA provides a different, household-based lens. A ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In the ACS five-year survey ending in 2024, median gross rent was $2,743, with a $82 margin of error at the published confidence level. ACS gross rent describes occupied renter homes and includes selected utilities, whereas Zillow ZORI tracks typical asking rents. The current asking-rent index is therefore 8.1% above the ACS median, a difference that is meaningful for interpretation but not proof that newly marketed units carry the same all-in cost as occupied homes. Timing, renter occupancy, selected utilities, and the survey’s statistical uncertainty all separate the two measures.
The bedroom ladder is best read as a modelled translation of the ZIP index, not as measured bedroom rents. Scaling ZORI by the local HUD ladder produces monthly modelled estimates of $2,299 for a studio, $2,451 for one bedroom, $2,965 for two bedrooms, $3,900 for three bedrooms, and $4,513 for four bedrooms. HUD’s corresponding administrative standard runs from $2,380 for a studio to $4,672 for four bedrooms. HUD FMR or SAFMR is bedroom-specific but is not asking rent; it is an administrative standard. The model uses that local ladder to distribute the ZIP-level ZORI across bedroom sizes, so it cannot establish what a particular advertised studio, two-bedroom, or house is actually asking.
The income screen creates the central affordability tension. Median household income in the ZCTA is $108,653, while paying the $2,965 monthly ZORI at the 30% screen boundary requires $118,600 in annual household income. That arithmetic places the index at 32.7% of the area median household income, above the screen boundary. This 30% calculation is not advice, an applicant qualification rule, or a finding about any household’s actual housing costs. ACS nevertheless records 5,567 of 10,661 renter households, or 52.2%, as spending 30% or more of income on rent. For context only, the Los Angeles city scope reports a 59.3% burden share and the Los Angeles County scope reports 57.7%. Those wider comparisons make the ZIP’s burden share lower, while still showing that burden affects a substantial share of its surveyed renter population.
Housing composition supplies useful context without identifying available apartments. The ZCTA contains 20,946 housing units and a 6.8% vacancy rate; 588 vacant units are categorized as for rent and 90 as for sale. Renters occupy 54.6% of occupied homes, making renter households slightly more numerous than owner households in this survey view. The stock is split between 9,564 single-family units and 9,766 large-multifamily units, so the aggregate index and the ACS median both span materially different structures. Vacancy is a ZCTA-wide count and rate, not evidence that a specific renter can obtain a particular unit, at a particular price, or with a particular lease structure.
Redfin presents a separate, direct rolling-three-month ZIP resale observation rather than rental transactions. Its median sold price is $1,203,728, down 2.93% from a year earlier, with 133 homes sold and 47 median days on market. Inventory stands at 164 homes and months of supply is 3.8. Sale-to-list performance averaged 98.66%, while 29.49% of sales closed above list price. These resale liquidity and pricing signals align with the current rent index’s negative one-year direction in the narrow sense that both show softer recent price readings, but they do not prove a common cause or a unit-level relationship. Annualized ZIP ZORI divided by the Redfin median sold price equals a 2.96% cross-source screening ratio only. It is not a property-specific measure of expenses, financing, lease performance, or return.
The evidence supports a cooling current asking-rent reading set against positive multi-year rent history, an affordability screen above the stated boundary, and resale pricing that has also weakened recently. Its limits remain consequential: ZORI blends rental types, ACS surveys occupied renter households, HUD supplies administrative bedroom standards, and Redfin observes for-sale resales. A property-level interpretation would require verification of the actual advertised rent, bedroom count, lease term, included utilities, unit type, availability, and whether any comparable sale represents a genuinely similar property. Those checks determine whether the ZIP-level signals apply to the unit under review rather than merely describing the separate datasets that surround it.
","findings":[{"body":"The current Zillow ZIP asking-rent index is down year over year, which breaks from positive three-year and five-year exact same-month rent changes. Monthly history shows relatively limited variability and a modest maximum drawdown, supporting reasonable confidence in the direction of the aggregate index. It does not convert the current ZIP snapshot into a precise rent quote for any individual listing.","title":"Current rent is cooling, but the longer record remains positive"},{"body":"Applying the 30% arithmetic screen to the current ZIP ZORI requires income above the ZCTA median household income. The result is a screening comparison, not a lease qualification standard or a conclusion about household ability to pay. ACS burden data additionally describe surveyed renter households, showing that a substantial share report rent payments at or above the same income-share threshold.","title":"The income screen sits above the stated boundary"},{"body":"Studio through four-bedroom estimates scale the ZIP-wide Zillow index using the local HUD bedroom ladder. HUD standards are administrative and bedroom-specific, while Zillow is a blended asking-rent index across rental types. The resulting ladder is useful for maintaining a transparent size relationship, but it cannot substitute for measured rents, lease terms, utilities, or availability in a particular bedroom category.","title":"Bedroom figures are modelled translations, not observed rents"},{"body":"Redfin’s direct ZIP rolling-three-month resale evidence shows a lower median sold price than a year earlier, alongside measurable sales, marketing time, inventory, and below-list average sale-to-list performance. That is consistent with softer recent price signals, but it is for-sale evidence rather than rental evidence. The annualized rent-to-price calculation is only a cross-source screen and has no property-level economic interpretation.","title":"Resale softness corroborates the cooling tension but remains separate"}],"risks":["Zillow ZORI is a blended ZIP asking-rent index across rental types, so it may not match the advertised rent, included utilities, lease term, bedroom count, condition, or availability of a specific apartment or house.","ACS results come from a matched statistical ZCTA rather than an identical USPS delivery ZIP, survey occupied renter homes rather than current listings, include selected utilities in gross rent, and carry published sampling uncertainty.","The 30% required-income result is only arithmetic using the ZIP rent index and area median household income; it is not an affordability recommendation, applicant qualification rule, or evidence about a particular household’s budget.","Redfin resale data describe rolling-three-month for-sale transactions, not rental deals. The rent-to-price screening ratio excludes property-specific expenses, financing, taxes, maintenance, vacancy experience, and all characteristics needed for unit-level analysis."],"qa":[{"a":"No. The negative one-year exact same-month change breaks from the positive three-year and five-year annualized changes. The history therefore describes recent cooling after a longer period of growth. Its modest variability and limited drawdown improve confidence in the aggregate trend measurement, but they do not provide a forecast.","q":"Does the latest rent change confirm the longer-term history?"},{"a":"No. The bedroom amounts are modelled monthly estimates created by scaling the ZIP-wide Zillow ZORI with the local HUD bedroom ladder. They preserve a transparent relative size structure, but neither Zillow’s blended index nor HUD’s administrative standards measure the asking rent of a specific bedroom type or unit.","q":"Are the bedroom rent amounts observed ZIP rents?"},{"a":"It shows the annual household income mathematically needed for the current monthly ZIP ZORI to equal 30% of gross income. Comparing that amount with ZCTA median household income places the index above the boundary. It does not determine whether any individual renter qualifies, can pay, or receives utilities or concessions.","q":"What does the 30% income screen actually show?"},{"a":"It can be used only as a cross-source comparison between annualized ZIP ZORI and the direct ZIP median sold price. It is not a rental transaction metric and does not include ownership expenses, financing, maintenance, taxes, or property-specific operating information. It should not be treated as a return measure or unit valuation.","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 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