At June 2026, Zillow places the typical observed asking-rent index for ZIP 11432 at $2,490 per month, blending rental types rather than reporting a single property’s lease. ZIP 11432 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. The local asking-rent reading sits below wider context: the City of New York context is $4,133, Queens County context is $3,256, and the New York-Newark-Jersey City, NY-NJ-PA metro context is $3,573. That lower relative level is meaningful context, but none of those broader figures are substitutes for ZIP-level rent evidence.
The matched Census ZCTA ACS 2024 five-year survey reports median gross rent of $1,872 and median household income of $74,096. ACS median gross rent is a survey measure for occupied renter homes, includes selected utilities, and is not the same universe as Zillow’s current asking-rent index. Annualizing the Zillow level produces a $99,600 income figure under a 30% screen, while the current asking-rent index equals 40.3% of the ZCTA median household income. That screen is arithmetic, not advice or an applicant qualification rule. The survey also reports 54.4% of renter households as spending 30% or more of income on rent, a population-level burden result that does not establish the burden of any particular unit or household.
Bedroom figures should be read as modelled estimates, not measured bedroom rents. They scale the ZIP asking-rent index using the local HUD bedroom ladder: estimated monthly levels are $1,806 for studios, $2,095 for one bedrooms, $2,490 for two bedrooms, $3,050 for three bedrooms, and $3,514 for four bedrooms. HUD fair market rent is an administrative, bedroom-specific standard rather than asking rent; the local two-bedroom HUD standard is $2,616. The ZIP’s current all-type asking-rent index is therefore 95.2% of that two-bedroom standard, a comparison that helps position the modelled ladder but does not turn either measure into a lease quote.
The ACS ZCTA stock profile provides a separate structural lens. Of 22,157 housing units, the reported vacancy rate is 6.2%, while renters occupy 64.2% of occupied homes. The large-multifamily category accounts for 10,983 units, indicating that this category represents a substantial part of the area’s reported housing stock. Census also identifies 630 vacant units for rent and 48 vacant units for sale. These are survey classifications within the ZCTA’s five-year evidence, not a live listing inventory or proof that a particular apartment is available, rentable, suitably priced, or comparable with the Zillow index.
The backward-looking Zillow history shows a rising path that has recently accelerated rather than broken from its longer trend. Exact same-month annualized change was 7.57% over one year, compared with 5.75% over three years and 5.38% over five years. Month-to-month rent-index movement implies 4.6% annualized variability, so a single current rent reading deserves less confidence as a stable point estimate than a smooth series would warrant. Separately, the deepest historical decline was 5.1%, showing that the prior path included meaningful pullbacks despite overall gains. Coverage is 99.1%, based on 114 observations and 112 consecutive returns. Transparent national discovery ranks among history-eligible ZIPs were 94 for momentum, 2,760 for stability, and 979 for the balanced measure, where lower ranks are higher; they are descriptive discovery tools, not forecasts or investment recommendations.
For-sale evidence creates a different, somewhat mixed picture. Redfin’s direct rolling-three-month ZIP resale observation shows a $989,776 median sold price, up 25.3% year over year, across 29 homes sold with a median 42 days on market. Inventory stood at 101 homes and months of supply at 10.6. Average sale-to-list was 97.7%, while 28.6% of sales closed above list. The substantial sale-price change is stronger than the recent rent-index change, yet the long supply reading and average below-list execution do not present an unambiguously tight resale signal. These are ZIP resale observations, not rental transactions, rental comparables, or property economics.
Annualized ZIP ZORI divided by the Redfin median sold price produces a 3.0% cross-source screening ratio only. It should not be treated as a cap rate, net return, expected return, property yield, or valuation conclusion. The combined evidence contains an important tension: asking rent is below the named city, county, and metro context levels, while the income screen and renter-burden survey show substantial affordability pressure, and the resale market pairs a sharp median-price change with extended supply. Those distinct observations can coexist because they measure different populations, periods, and transaction types; they do not resolve the rent, condition, or economics of any address.
Several limits constrain how far this ZIP screen can go. Zillow is a blended asking-rent index, ACS is a five-year ZCTA survey with sampling uncertainty, HUD is an administrative standard, and Redfin covers recent for-sale resales rather than leases. City, county, and metro figures remain context only. Property-level review should verify the advertised rent, bedroom count, included utilities, lease term, availability date, concessions, condition, and whether a unit actually matches the modelled bedroom category. For an ownership-related comparison, the relevant sold-property type, listing history, and sale terms also need direct confirmation. Which supplied ZIP-level signal still requires address-level verification before it is used for a specific housing decision?