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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 −2.4% YoY. inventory, +28.7% YoY, is the number to watch.
The median listing price is down 2.4% YoY while the median home got down 4.6% bigger, so value per square foot is up 4.9%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 40.8% of this ZIP's 27,468 occupied households, on a median household income of $81K.
County population is down 0.1% to 98,857: residents under 18 are down 1.2% and those 65 and over are up 1.8%.
County median household income is $80K, 14.4% of residents are below the poverty level, 7.7% work from home.