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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 −0.1% YoY. inventory, +9.0% YoY, is the number to watch.
The median listing price is down 0.1% YoY while the median home got down 2.0% bigger, so value per square foot is up 10.8%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 33.7% of this ZIP's 61,731 occupied households, on a median household income of $71K.
County population is down 0.1% to 194,947: residents under 18 are down 0.8% and those 65 and over are up 2.6%.
County median household income is $75K, 13.1% of residents are below the poverty level, 13.7% work from home.