Compare with
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 −1.6% YoY. inventory, +4.5% YoY, is the number to watch.
The median listing price is down 1.6% YoY while the median home got up 1.2% bigger, so value per square foot is down 6.8%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 25.9% of this ZIP's 55,810 occupied households, on a median household income of $114K.
County population is down 0.1% to 579,377: residents under 18 are down 2.1% and those 65 and over are up 2.5%.
County median household income is $111K, 6.7% of residents are below the poverty level, 25.4% work from home.