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 −4.1% YoY. inventory, −0.5% YoY, is the number to watch.
The median listing price is down 4.1% YoY while the median home got down 7.0% bigger, so value per square foot is up 6.2%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 16.8% of this ZIP's 21,864 occupied households, on a median household income of $119K.
County population is up 0.4% to 312,591: residents under 18 are down 0.8% and those 65 and over are up 4.0%.
County median household income is $105K, 6.2% of residents are below the poverty level, 16.1% work from home.