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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −3.3% YoY. inventory, −6.3% YoY, is the number to watch.
The median listing price is down 3.3% YoY while the median home got down 2.9% bigger, so value per square foot is down 0.5%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 36.3% of this ZIP's 39,210 occupied households, on a median household income of $106K.
County population is up 0.2% to 451,918: residents under 18 are down 0.6% and those 65 and over are up 3.2%.
County median household income is $100K, 10.0% of residents are below the poverty level, 12.2% work from home.