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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 +3.3% YoY. inventory, +9.3% YoY, is the number to watch.
The median listing price is up 3.3% YoY while the median home got down 0.9% bigger, so value per square foot is up 4.4%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 23.9% of this ZIP's 61,732 occupied households, on a median household income of $152K.
County population is up 0.3% to 930,024: residents under 18 are down 0.7% and those 65 and over are up 3.3%.
County median household income is $112K, 6.6% of residents are below the poverty level, 21.5% work from home.