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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 +0.8% YoY. inventory, +4.9% YoY, is the number to watch.
The median listing price is up 0.8% YoY while the median home got down 3.5% bigger, so value per square foot is up 3.8%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 23.0% of this ZIP's 58,436 occupied households, on a median household income of $98K.
County population is up 1.1% to 414,535: residents under 18 are down 0.2% and those 65 and over are up 4.5%.
County median household income is $105K, 5.2% of residents are below the poverty level, 18.0% work from home.