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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 −1.6% YoY. inventory, +7.6% YoY, is the number to watch.
The median listing price is down 1.6% YoY while the median home got up 1.2% bigger, so value per square foot is down 3.3%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 40.6% of this ZIP's 37,636 occupied households, on a median household income of $53K.
County population is down 0.1% to 106,109: residents under 18 are down 0.5% and those 65 and over are up 1.8%.
County median household income is $53K, 19.2% of residents are below the poverty level, 5.5% work from home.