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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 −5.4% YoY. inventory, −21.8% YoY, is the number to watch.
The median listing price is down 5.4% YoY while the median home got down 7.7% bigger, so value per square foot is down 3.4%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 42.6% of this ZIP's 27,644 occupied households, on a median household income of $127K.
County population is down 0.3% to 257,969: residents under 18 are down 2.0% and those 65 and over are up 1.9%.
County median household income is $149K, 8.3% of residents are below the poverty level, 31.5% work from home.