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 +8.2% YoY. inventory, −5.5% YoY, is the number to watch.
The median listing price is up 8.2% YoY while the median home got up 10.2% bigger, so value per square foot is up 1.6%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 57.2% of this ZIP's 56,558 occupied households, on a median household income of $58K.
County population is up 0.9% to 329,259: residents under 18 are up 0.2% and those 65 and over are up 2.6%.
County median household income is $90K, 12.4% of residents are below the poverty level, 15.1% work from home.