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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 −1.3% YoY. inventory, +8.4% YoY, is the number to watch.
The median listing price is down 1.3% YoY while the median home got down 3.3% bigger, so value per square foot is up 0.2%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 41.2% of this ZIP's 87,682 occupied households, on a median household income of $79K.
County population is up 0.3% to 553,990: residents under 18 are down 0.6% and those 65 and over are up 1.8%.
County median household income is $81K, 13.5% of residents are below the poverty level, 8.1% work from home.