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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 −1.5% YoY. inventory, −1.8% YoY, is the number to watch.
The median listing price is down 1.5% YoY while the median home got down 1.6% bigger, so value per square foot is up 6.5%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 13.2% of this ZIP's 25,973 occupied households, on a median household income of $103K.
County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.
County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.