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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 −3.1% YoY. inventory, −4.2% YoY, is the number to watch.
The median listing price is down 3.1% YoY while the median home got up 0.1% bigger, so value per square foot is down 2.5%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 45.9% of this ZIP's 32,336 occupied households, on a median household income of $91K.
County population is up 0.3% to 1,165,012: residents under 18 are down 0.8% and those 65 and over are up 2.8%.
County median household income is $127K, 8.4% of residents are below the poverty level, 21.3% work from home.