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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 −10.5% YoY. inventory, +12.2% YoY, is the number to watch.
The median listing price is down 10.5% YoY while the median home got down 0.9% bigger, so value per square foot is down 7.0%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 42.4% of this ZIP's 254,960 occupied households, on a median household income of $66K.
County population is up 0.1% to 950,622: residents under 18 are down 0.6% and those 65 and over are up 2.6%.
County median household income is $73K, 13.9% of residents are below the poverty level, 12.9% work from home.