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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 +0.5% YoY. inventory, +4.4% YoY, is the number to watch.
The median listing price is up 0.5% YoY while the median home got down 7.2% bigger, so value per square foot is up 5.5%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 31.9% of this ZIP's 61,126 occupied households, on a median household income of $78K.
County population is up 1.0% to 168,957: residents under 18 are down 0.1% and those 65 and over are up 3.5%.
County median household income is $77K, 9.2% of residents are below the poverty level, 8.9% work from home.