Zillow (Z) stock is soaring 5.02% in intraday trading on Monday, following the release of a company report highlighting the increasing challenges of rental affordability in major U.S. metro areas. The report has caught the attention of investors, showcasing Zillow's data analysis capabilities and its finger on the pulse of the real estate market.

According to Zillow's latest findings, renters now need to earn over $80,000 annually to comfortably afford the typical rental in the United States, a significant jump from $60,000 just five years ago. The report reveals that in eight major U.S. metro areas, a six-figure income is now required to comfortably afford rent, up from only four markets five years ago. Since April 2020, the typical U.S. apartment rent has surged by 28.7% to $1,858, while single-family home rents have skyrocketed by 42.9% to $2,256.

The report's findings underscore Zillow's position as a leading authority in real estate market analysis. By providing crucial insights into rental affordability trends, Zillow demonstrates its value to investors, real estate professionals, and policymakers alike. The strong market reaction suggests that investors are recognizing Zillow's potential to capitalize on these market dynamics through its various real estate services and platforms, driving optimism about the company's future growth prospects.