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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 −7.2% YoY. inventory, +3.3% YoY, is the number to watch.
The median listing price is down 7.2% YoY while the median home got down 5.8% bigger, so value per square foot is down 0.2%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 41.4% of this ZIP's 80,182 occupied households, on a median household income of $100K.
County population is down 0.1% to 485,040: residents under 18 are down 1.6% and those 65 and over are up 2.5%.
County median household income is $105K, 8.9% of residents are below the poverty level, 15.9% work from home.