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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 −4.3% YoY. inventory, +13.2% YoY, is the number to watch.
The median listing price is down 4.3% YoY while the median home got down 6.5% 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 31.8% of this ZIP's 25,863 occupied households, on a median household income of $124K.
County population is up 1.6% to 419,156: residents under 18 are up 0.7% and those 65 and over are up 3.1%.
County median household income is $116K, 6.8% of residents are below the poverty level, 22.7% work from home.