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 −1.2% YoY. inventory, +4.3% YoY, is the number to watch.
The median listing price is down 1.2% YoY while the median home got down 14.7% bigger, so value per square foot is up 3.0%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 51.2% of this ZIP's 55,253 occupied households, on a median household income of $112K.
County population is up 0.9% to 627,071: residents under 18 are up 0.1% and those 65 and over are up 3.3%.
County median household income is $128K, 7.5% of residents are below the poverty level, 21.5% work from home.