ZIP 32207’s current asking-rent signal is firm but not exceptional against its broader benchmarks. In June 2026, Zillow ZORI was $1,580, up 2.3% from a year earlier. This five-digit label is both Zillow’s ZIP market identifier and the matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. For wider context, the Jacksonville city rent figure is about $1,600, the Duval County figure is $1,616, and the Jacksonville, FL metro figure is $1,708. Those city, county, and metro values are context only, while the ZIP ZORI is the direct current asking-rent index.
The historical path supplies a more nuanced reading than the single current figure. Exact same-month ZORI change was 2.3% annualized over one year, 1.5% over three years, and 4.6% over five years. Thus, recent direction still confirms a positive longer path, yet it breaks from the faster pace embedded in the five-year record. History contains 138 observations and 137 consecutive monthly returns, with complete available coverage. Monthly-return variability annualized to 3.0%, so a current snapshot warrants measured rather than absolute confidence. Separately, the historical maximum drawdown was 2.8%, showing that the index did experience declines despite its positive multiyear changes. Momentum, stability, and balanced national discovery ranks are transparent sorting tools among history-eligible ZIPs, where lower rank is higher; they are backward-looking measurements, not forecasts or investment recommendations.
Zillow ZORI is a typical observed asking-rent index blended across rental types, so it is not a lease-specific quote for a particular bedroom count. The bedroom ladder translates that ZIP index into modelled monthly estimates: $1,296 for a studio, $1,317 for one bedroom, $1,580 for two bedrooms, $1,949 for three bedrooms, and $2,444 for four bedrooms. These are modelled estimates created by scaling ZIP ZORI with the local HUD bedroom ladder, never measured bedroom rents. HUD FMR or SAFMR is instead an administrative, bedroom-specific standard—not asking rent—and its local ladder runs from a $1,230 studio standard to a $2,320 four-bedroom standard.
The income screen is relatively close to the area’s reported median income, but it is only arithmetic. Annualizing the current ZORI and applying a 30% rent-to-income threshold produces required income of $63,200; the matched ZCTA’s ACS 2024 five-year median household income is $65,234, and the resulting asking-rent-to-income screen is 29.1%. This is not advice and is not an applicant qualification rule. ACS median gross rent, at $1,266, is a separate five-year survey measure of occupied renter homes that includes selected utilities, making it conceptually different from Zillow’s current asking-rent index. Within that ACS renter universe, 3,670 of 8,292 renter households, or 44.3%, reported spending at least 30% of income on rent. Survey margins of error also limit precision.
Housing composition reinforces the need to separate ZIP-wide availability indicators from any particular unit. The matched ZCTA has 19,402 housing units and a 13.5% vacancy rate, while renters represent 49.4% of occupied households. Its stock includes 10,686 single-family units alongside large multifamily housing, indicating that the rent index blends more than one housing form. Jacksonville city and Duval County context figures should not be substituted for this ZIP’s counts or rates; they describe wider geographies. Nor does the ZIP vacancy measure establish that a specific home is rentable, competitively priced, vacant now, or offered on the lease terms a renter may need.
The resale evidence introduces the central tension. Redfin’s direct rolling-three-month ZIP for-sale observation reports a $298,932 median sold price, down 4.3% year over year, even as the asking-rent index rose over the latest year. The resale market recorded 139 homes sold with a median 45 days on market, 173 homes of inventory, and 3.8 months of supply. Sellers received 97.0% of list price on average; 8.9% of homes sold above list, and 34.1% went off market within two weeks. These are ZIP resale liquidity and pricing signals only, not rental transactions, rental comparables, or evidence about property-level operating economics.
Annualized ZIP ZORI is $18,960, and dividing it by Redfin’s median sold price produces a 6.34% cross-source screening ratio. It is not a cap rate, net return, expected return, or property yield because the packet does not provide property income, expenses, financing, taxes, insurance, maintenance, or unit-specific leasing terms. The ratio may look stronger when the resale price is lower, but that mechanical relationship does not resolve the more important tension: rent history remains positive and the income screen is near the reported median, while the direct resale median price has declined. The resale evidence therefore challenges any simple interpretation that current rent momentum and for-sale pricing are moving together.
Important limits remain before applying these ZIP measurements to a building or unit. A property-level review would require the actual asking rent, bedroom count, lease length, included utilities, concessions, condition, availability date, and whether the listing belongs to the rental type represented by the index. It would also require confirming current sale status, list-price history, closing details, and whether a comparable transaction falls inside the same ZIP resale observation. ACS burden and vacancy are population-level survey results, HUD is an administrative standard, and ZORI is a blended asking-rent index. The key unresolved question is whether the specific unit’s lease terms and physical characteristics align with the broad ZIP signals rather than merely sharing its postal label.