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 +3.5% YoY. inventory, −1.1% YoY, is the number to watch.
The median listing price is up 3.5% YoY while the median home got up 1.1% bigger, so value per square foot is up 2.7%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 52.7% of this ZIP's 45,712 occupied households, on a median household income of $53K.
County population is up 0.6% to 454,969: residents under 18 are down 0.0% and those 65 and over are up 3.1%.
County median household income is $86K, 11.2% of residents are below the poverty level, 12.7% work from home.