The central decision tension for this ZIP is that the current asking-rent signal sits below broader-area asking indexes, yet it is high relative to the matched area’s household-income midpoint and accompanies substantial surveyed renter burden. For June 2026, Zillow ZORI is $2,461 per month. ZORI is a typical observed asking-rent index blended across rental types, not a quote for every listing or a lease-renewal measure. On the simple 30% screen, that monthly amount requires $98,440 in annual income. Against the ACS median household income of $72,270, annualized asking rent is 40.9%. Both calculations are arithmetic comparisons; neither is financial advice, an applicant qualification rule, nor evidence that a landlord will use the same threshold.
These rent sources answer different questions. The ACS 2024 five-year estimate puts median gross rent at $1,988 for occupied renter homes, with a $59 margin of error; gross rent includes selected utilities. The Zillow asking index is 23.8% higher than that survey midpoint, but the difference must not be read as a rent increase because timing, coverage, and rent definitions differ. The FY2026 HUD two-bedroom FMR/SAFMR standard supplied for the ZIP is $2,616, making the Zillow index 94.1% of that administrative figure. HUD’s value is a bedroom-specific program standard, not an observed asking rent, while ACS describes occupied renter homes rather than currently marketed inventory.
Bedroom choices require a model rather than direct ZIP measurements. Scaling the ZIP ZORI with the relative steps in the local HUD ladder produces modelled monthly estimates of $1,785 for a studio, $2,071 for one bedroom, $2,461 for two, $3,015 for three, and $3,474 for four. The underlying HUD administrative standards run from $1,898 for a studio to $3,693 for four bedrooms. This construction preserves the HUD ladder’s local bedroom relationships while anchoring the blended Zillow signal at the model’s two-bedroom point. It does not show actual medians by bedroom, listing availability, concessions, quality, or the rent of a selected unit.
Household data sharpen the affordability question but do not resolve it for an individual. In the same ACS release, estimated population is 105,716, with a 4,085 margin of error, and the household-income estimate carries a $2,949 margin of error. Among occupied homes, 23,144 are renter occupied, with a 1,007 margin of error, yielding a 76.9% renter share. The survey counts 12,499 renter households at or above the 30% rent-burden threshold, equal to 54.0% of the burden universe, with a 1,010 margin of error on that count. This observed burden concerns occupied renter homes and their reported costs and incomes. It cannot determine whether the current asking index is manageable for a specific household, especially because household size, utilities, debts, subsidies, and eligibility rules are outside the packet.
The housing base shows why a headline vacancy percentage needs decomposition. The ZCTA has 31,358 housing units: 30,079 occupied and 1,279 vacant, for an overall vacancy rate of 4.1%. Within the vacant count, 301 units are classified for rent, 84 for sale, and 26 for seasonal use; the remaining vacancies fall into other ACS categories. Structure data identify 3,849 single-family units and 9,060 units in large multifamily buildings, so neither category alone represents the whole market. The relatively small for-rent vacancy count is a survey estimate within the total stock, not a live listing count. It cannot prove that a particular bedroom size, price point, building type, or property is available, unavailable, or likely to lease quickly.
Within comparable Zillow asking-rent context, the New York city scope is $4,133, the Queens County scope is $3,256, and the New York-Newark-Jersey City, NY-NJ-PA metro scope is $3,573; the ZIP index is below each. Other context reinforces a high-renter, relatively low-total-vacancy profile without identifying unit availability. At the New York city scope and Queens County scope, renter shares are lower and overall housing vacancy rates are higher than in the ZCTA; surveyed rent burden is slightly lower in both scopes. At the New York-Newark-Jersey City, NY-NJ-PA metro scope, median household income is higher, while the apartment vacancy measure is 5.2%. That metro apartment measure uses a different housing universe from ACS total vacancy and cannot predict whether a particular listing is open or negotiable.
Here, the supplied five-digit label functions both as a Zillow ZIP market identifier and as the match to a Census ZCTA. A ZCTA is a Census statistical area and is not identical to a USPS delivery ZIP. All market, survey, and administrative figures are area-level and period-specific; none establishes a future rent, unit condition, applicant outcome, or exact supply at an address. Before acting on a property, verify the street address and delivery ZIP, current advertised base rent, concessions, bedroom count, lease term, included utilities, mandatory fees, deposit, availability date, and whether the quoted amount applies throughout the lease. Recalculate the all-in monthly cost and income screen from verified terms. If a housing program is involved, confirm the applicable HUD standard and program rules with the administering entity rather than substituting either ZORI or the modelled bedroom estimate.