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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 −2.0% YoY. inventory, −2.6% YoY, is the number to watch.
The median listing price is down 2.0% YoY while the median home got down 2.9% bigger, so value per square foot is down 0.5%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 20.6% of this ZIP's 17,690 occupied households, on a median household income of $126K.
County population is up 2.8% to 350,396: residents under 18 are up 2.0% and those 65 and over are up 4.9%.
County median household income is $97K, 9.6% of residents are below the poverty level, 14.3% work from home.