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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 +4.9% YoY. inventory, −2.7% YoY, is the number to watch.
The median listing price is up 4.9% YoY while the median home got up 3.4% bigger, so value per square foot is up 2.0%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 31.6% of this ZIP's 21,856 occupied households, on a median household income of $64K.
County population is down 0.6% to 64,754: residents under 18 are down 1.5% and those 65 and over are up 1.9%.
County median household income is $66K, 12.8% of residents are below the poverty level, 7.6% work from home.