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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 −0.1% YoY. inventory, −9.5% YoY, is the number to watch.
The median listing price is down 0.1% YoY while the median home got up 1.0% bigger, so value per square foot is up 1.4%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 40.3% of this ZIP's 44,018 occupied households, on a median household income of $73K.
County population is down 0.1% to 181,436: residents under 18 are down 0.6% and those 65 and over are up 1.1%.
County median household income is $73K, 13.3% of residents are below the poverty level, 9.7% work from home.