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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 +1.1% YoY. inventory, −6.4% YoY, is the number to watch.
The median listing price is up 1.1% YoY while the median home got up 1.3% 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 31.0% of this ZIP's 46,433 occupied households, on a median household income of $81K.
County population is up 0.4% to 701,462: residents under 18 are down 1.2% and those 65 and over are up 3.9%.
County median household income is $110K, 7.3% of residents are below the poverty level, 14.7% work from home.