ZIP 92805’s Zillow ZORI stood at $2,778 in June 2026, down 0.4% from the same month a year earlier. This is a ZIP-level typical observed asking-rent index blended across rental types, not a rent quote for a particular available home. For wider context only, the citywide Anaheim rent index was $2,674, the countywide Orange County index was $3,186, and the Los Angeles-Long Beach-Anaheim metro index was $2,927. The five-digit ZIP label also matches a Census ZCTA; a ZCTA is a statistical area used for tabulation and is not identical to a USPS delivery ZIP.
The current annual decline breaks from the ZIP’s longer backward-looking asking-rent path: the exact same-month change was -0.4% over one year, while the annualized changes over three years and five years were 1.8% and 4.3%, respectively. Monthly ZORI changes annualize to 2.5% variability, which suggests the current index has moved relatively steadily rather than through large recurring swings. Its worst historical peak-to-trough decline was 2.0%, a modest setback that supports some confidence in the index as a snapshot but does not turn recent cooling into a forecast. The history has 98 observations with 100% coverage, and its transparent national momentum discovery rank was 2,219 among history-eligible ZIPs, where lower ranks place higher.
Different rent sources answer different questions. The matched Census ZCTA’s ACS 2024 five-year survey reported median gross rent of $2,175, making the current asking-rent index 27.7% higher. ACS describes occupied renter homes, includes selected utilities in gross rent, and is not a current listing survey. HUD’s FY2026 two-bedroom FMR/SAFMR standard was $3,070, above the ZIP’s ZORI. That HUD figure is an administrative, bedroom-specific standard rather than observed asking rent, so neither its relationship to ZORI nor the ACS gap should be read as proof of pricing for a specific unit.
The bedroom view is a set of modelled monthly ZIP estimates created by scaling ZIP ZORI through the local HUD ladder, not measured bedroom rents. The resulting ladder is $2,154 for a studio, $2,296 for one bedroom, $2,778 for two bedrooms, $3,654 for three bedrooms, and $4,228 for four bedrooms. The pattern is useful for sizing a ZORI-based screen across bedroom counts, but it cannot identify differences in condition, utility treatment, lease terms, concessions, building type, or the inventory actually offered at each size.
Using the ACS median household income of $91,252, annualized current asking rent equates to an asking-rent-to-income screen of 36.5%. A household would need $111,120 in annual income for the current index to equal 30% of income; that calculation is arithmetic only, not advice and not an applicant qualification rule. ACS also shows 52.4% of renter households carried gross-rent burdens at or above that threshold. The ZCTA housing stock contained 23,080 units, including 13,160 renter-occupied homes, and the areawide vacancy rate was 5.1%. These are survey measures of households and stock, not evidence that any particular unit is vacant or burdensome.
Broader comparison adds a second affordability and availability lens without replacing ZIP evidence. In citywide Anaheim context, the renter burden share was 60.5%, above the ZIP’s ZCTA result; in countywide Orange County context, it was 56.6%. The metro-level apartment vacancy rate was 5.4%, near the ZIP’s 5.1% all-housing vacancy measure, although the measures are not directly interchangeable because their coverage differs. Combined with the lower ZIP asking-rent index relative to the city, county, and metro context figures, these comparisons frame 92805 as less expensive in current index terms while still showing material survey-reported renter burden.
The direct rolling-three-month Redfin ZIP resale observation presents a different tension. Median sold price was $866,554, up 0.8% year over year, with 64 homes sold and a median 42 days on market. Active listings numbered 158, down 22.1% from a year earlier, while the inventory reading was 80 homes and months of supply was 3.8. Within that same for-sale universe, the average sale-to-list ratio was 100.55% and 40.4% of sold homes closed above list price. These resale signals challenge a simple interpretation of broad local weakening from the cooling rent index alone. The 3.85% annualized rent-price screening ratio is ZIP ZORI annualized and divided by median sold price; it is only a cross-source screen, not a cap rate, property yield, net return, or expected return.
The evidence is strongest as a comparison of current asking-rent conditions, occupied-household survey outcomes, administrative standards, and resale liquidity rather than as a property valuation. A reader evaluating an address should verify the exact bedroom count, advertised rent, included utilities, lease duration, concessions, availability date, property condition, and whether the home resembles the rental types represented in the index. For a sale-side comparison, confirm property type, sale date, list-price history, and whether a transaction belongs in the ZIP resale series. Those checks are necessary because the supplied measures describe separate universes that cannot establish economics or availability for one specific home.