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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 +6.9% YoY. inventory, +29.5% YoY, is the number to watch.
The median listing price is up 6.9% YoY while the median home got up 7.2% bigger, so value per square foot is down 6.2%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 25.2% of this ZIP's 27,829 occupied households, on a median household income of $79K.
County population is up 0.1% to 83,757: residents under 18 are down 0.9% and those 65 and over are up 2.4%.
County median household income is $78K, 10.7% of residents are below the poverty level, 12.0% work from home.