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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 −16.9% YoY. inventory, −1.9% YoY, is the number to watch.
The median listing price is down 16.9% YoY while the median home got down 4.0% bigger, so value per square foot is down 0.4%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 34.8% of this ZIP's 70,692 occupied households, on a median household income of $86K.
County population is up 0.5% to 160,369: residents under 18 are down 0.1% and those 65 and over are up 1.9%.
County median household income is $80K, 13.3% of residents are below the poverty level, 14.3% work from home.