At June 2026, Zillow ZORI for the five-digit 92801 label is $2,615 per month. This is Zillow’s ZIP-level typical observed asking-rent index, blended across rental types rather than a lease-price survey for one unit. The 92801 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. For wider context only, Anaheim city-scope rent context is about $2,674, Orange County county-scope context is $3,186, and the Los Angeles-Long Beach-Anaheim metro-scope context is $2,927. Those broader figures place this ZIP below each comparison area, but they are not substitutes for ZIP-specific asking-rent evidence.
The lower ZIP asking-rent index should not be equated with the matched ZCTA’s ACS 2024 five-year median gross rent of $2,056. ACS describes occupied renter homes, includes selected utilities, and is a survey measure rather than a current asking-rent index. The current Zillow figure is 27.2% above that ACS median, a gap that can arise from the distinct universes and periods without establishing the rent of a particular home. Separately, the 30% required-income screen converts the current asking-rent index into $104,600 of annual income, compared with ZCTA median household income of $83,725. That screen is arithmetic only, not advice and not an applicant qualification rule.
Bedroom detail is available only as modelled estimates that scale ZIP ZORI through the local HUD ladder; they are not measured bedroom rents. The resulting monthly ladder is $2,028 for a studio, $2,161 for one bedroom, $2,615 for two bedrooms, $3,439 for three bedrooms, and $3,980 for four bedrooms. HUD’s local two-bedroom standard is $3,070, placing the modelled two-bedroom estimate at 85.2% of that benchmark. HUD FMR or SAFMR is an administrative, bedroom-specific standard rather than asking rent, so the comparison is useful for framing scale but cannot verify an advertised rent, a utility package, or unit quality.
The matched ZCTA has 19,536 housing units, of which 18,753 are occupied and 783 are vacant, yielding a 4.0% overall vacancy rate. This is a housing-stock count, not a measure of immediately rentable listings. Renters occupy 11,809 homes, or 63.0% of occupied homes, which makes renter conditions central to the area-level evidence. The structure mix includes 7,229 single-family units and 5,971 units in large multifamily buildings. These ACS estimates describe the ZCTA’s stock and occupancy composition over the survey period; they do not identify the type, availability, condition, or tenure history of any specific rental listing.
Affordability is the sharper counterweight to the ZIP’s below-context asking-rent level. ACS estimates that 6,949 renter households meet the stated rent-burden threshold, equal to 58.8% of renter households. Anaheim city-scope burden context is 60.5%, while Orange County county-scope burden context is 56.6%; the ZIP thus sits between those wider readings. Its renter share is also higher than both the Anaheim city and Orange County context shares, while its overall vacancy rate is below the county context rate. These are population-level comparisons, not evidence that any particular tenant is burdened or that any vacant unit is affordable.
The rent path remains positive, but its pace has cooled relative to the longer record. Exact same-month Zillow ZORI changes were 3.3% over one year, 4.3% annualized over three years, and 6.7% annualized over five years. Coverage is 100%, supporting a complete backward-looking history through the stated endpoint. Month-to-month movements translate to 3.9% annualized variability, so a single current index reading deserves less certainty than a smoother series would warrant. The worst peak-to-trough pullback was 3.1%, showing that the historical path included declines even while longer-period changes were positive. National discovery ranks among history-eligible ZIPs are 680 for momentum, 2,526 for stability, and 1,518 for the balanced measure, where lower rank is higher; these are descriptive ranks, not forecasts or investment recommendations.
Direct ZIP resale evidence supplies a different tension. In Redfin’s rolling three-month for-sale observation, median sold price was $852,307, up 4.3% year over year, with 57 homes sold and a median 43 days on market. Reported inventory was 52 homes and months of supply was 2.8. The average sale-to-list ratio was 99.6%, while 45.5% of sales closed above list. These are resale-market observations, not rental transactions or rental comps. The annualized ZIP ZORI divided by median sold price is 3.7%, solely a cross-source screening ratio rather than a property-income or return measure. Rising resale price and near-list sale signals challenge any broad reading that a lower ZIP asking-rent index alone resolves the affordability screen.
Several limits remain material before treating these figures as property-specific. Zillow ZORI is an index, ACS gross rent is a historical survey measure for occupied renter homes, HUD standards are administrative benchmarks, and Redfin reports resale activity. Concrete checks would therefore include the unit’s current advertised asking rent and update date, bedroom count, property type, included utilities, recurring fees, concessions, lease term, and actual availability. A resale review would require the individual property’s sale date, list history, condition, financing terms, and comparable transaction details. The unresolved question is whether a specific unit’s all-in terms resemble the ZIP-level modelled and survey evidence at all.
","findings":[{"body":"ZIP Zillow ZORI is below the named Anaheim city, Orange County county, and metro context rents. However, the current asking-rent index exceeds the matched ZCTA ACS median gross rent, and the arithmetic income screen is above ZCTA median household income. The apparent ZIP discount therefore does not by itself establish broad affordability.","title":"Below-context asking rent, but not a direct affordability clearance"},{"body":"The studio-through-four-bedroom figures are modelled estimates created by scaling the ZIP asking-rent index with the local HUD ladder. They offer a consistent bedroom-size framework, but they are not observed rents for available homes. HUD standards are administrative bedroom benchmarks, so neither source can confirm a specific unit’s advertised rent or all-in cost.","title":"Bedroom figures are scaled estimates"},{"body":"Renters account for a majority of occupied homes in the matched ZCTA, and the ACS burden estimate covers more than half of renter households. The overall vacancy statistic describes the entire housing stock rather than rentable availability. This combination makes it important to keep household survey conditions separate from the live asking-rent index.","title":"Renter exposure is substantial in the ZCTA survey"},{"body":"Redfin’s direct ZIP observation shows for-sale activity, marketing time, supply, and sale-to-list outcomes, while Zillow measures asking rent. The sale-price change and near-list pricing signals add a counterpoint to the slower recent rent-growth pace. The rent-to-price calculation remains only a cross-source screen and does not describe property-level economics.","title":"Resale evidence does not mirror rental evidence"}],"risks":["The current Zillow figure, ACS gross-rent median, HUD bedroom standard, and Redfin sale data cover different populations, time frames, and transaction types. Treating them as interchangeable can create a false impression of precision.","Overall vacancy includes units that may be unavailable for rent, unavailable at the relevant bedroom size, or unsuitable under a given lease structure. It cannot establish availability or affordability for a particular unit.","The rent-burden estimate is a ZCTA-level ACS household measure with survey uncertainty. It does not prove that a current applicant, tenant, building, or advertised home meets the same burden condition.","The resale observation is limited to a rolling ZIP-level period and concerns sold homes. Individual property condition, financing terms, list history, concessions, and transaction timing can differ materially from the aggregate signals."],"qa":[{"a":"They measure different evidence universes. Zillow ZORI is a current typical asking-rent index blended across rental types, while ACS median gross rent is a five-year survey statistic for occupied renter homes and includes selected utilities. The difference does not demonstrate an error or identify the rent charged for any individual home.","q":"Why is Zillow ZORI higher than ACS median gross rent?"},{"a":"No. The bedroom figures are modelled monthly ZIP estimates produced by scaling the overall ZIP Zillow asking-rent index with the local HUD bedroom ladder. They are useful for a standardized size comparison, but they are not measured asking rents, executed leases, or evidence of currently available units.","q":"Are the bedroom rent figures observed rents?"},{"a":"The backward-looking same-month history remains positive across the reported one-, three-, and five-year periods, but the most recent pace is slower than the longer annualized pace. Monthly variability and the historical drawdown indicate that the series has not moved smoothly, reducing confidence that one current index point fully represents a stable near-term condition.","q":"What does the rent history say about current direction?"},{"a":"It is simply annualized ZIP Zillow ZORI divided by the direct ZIP median sold price from Redfin. Because it combines an asking-rent index with resale data and excludes property-specific expenses, financing, condition, and lease terms, it is only a cross-source screening ratio and not a measure of property-level economics.","q":"How should the Redfin rent-to-price screen 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 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