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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 +4.1% YoY. inventory, −9.7% YoY, is the number to watch.
The median listing price is up 4.1% YoY while the median home got up 4.5% bigger, so value per square foot is up 5.6%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 41.4% of this ZIP's 26,755 occupied households, on a median household income of $91K.
County population is up 1.3% to 797,334: residents under 18 are down 0.1% and those 65 and over are up 3.1%.
County median household income is $92K, 12.4% of residents are below the poverty level, 10.6% work from home.