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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 −5.9% YoY. inventory, −9.3% YoY, is the number to watch.
The median listing price is down 5.9% YoY while the median home got down 4.5% bigger, so value per square foot is down 0.8%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 50.5% of this ZIP's 52,847 occupied households, on a median household income of $131K.
County population is down 0.1% to 443,701: residents under 18 are down 0.2% and those 65 and over are up 2.4%.
County median household income is $98K, 14.7% of residents are below the poverty level, 13.4% work from home.