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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 −8.5% YoY. inventory, −28.0% YoY, is the number to watch.
The median listing price is down 8.5% YoY while the median home got down 0.2% bigger, so value per square foot is down 4.1%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 48.9% of this ZIP's 54,282 occupied households, on a median household income of $167K.
County population is down 0.4% to 742,340: residents under 18 are down 2.0% and those 65 and over are up 2.6%.
County median household income is $159K, 6.7% of residents are below the poverty level, 24.3% work from home.