Compare with
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 −1.4% YoY. inventory, −7.2% YoY, is the number to watch.
The median listing price is down 1.4% YoY while the median home got down 2.2% bigger, so value per square foot is down 2.0%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 36.7% of this ZIP's 55,714 occupied households, on a median household income of $95K.
County population is up 1.2% to 2,478,600: residents under 18 are down 0.2% and those 65 and over are up 3.2%.
County median household income is $93K, 10.6% of residents are below the poverty level, 12.3% work from home.