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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 +35.6% YoY. inventory, +40.4% YoY, is the number to watch.
The median listing price is up 35.6% YoY while the median home got up 15.7% bigger, so value per square foot is up 12.4%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 59.2% of this ZIP's 50,076 occupied households, on a median household income of $180K.
County population is down 0.1% to 1,902,047: residents under 18 are down 2.2% and those 65 and over are up 3.0%.
County median household income is $164K, 7.1% of residents are below the poverty level, 23.9% work from home.