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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 −1.7% YoY. inventory, −7.3% YoY, is the number to watch.
The median listing price is down 1.7% YoY while the median home got down 4.2% bigger, so value per square foot is down 0.9%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 25.9% of this ZIP's 43,070 occupied households, on a median household income of $96K.
County population is up 0.2% to 517,255: residents under 18 are down 1.8% and those 65 and over are up 3.9%.
County median household income is $103K, 7.9% of residents are below the poverty level, 15.9% work from home.