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 −19.8% YoY. inventory, −19.5% YoY, is the number to watch.
The median listing price is down 19.8% YoY while the median home got down 16.5% bigger, so value per square foot is down 14.1%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 43.2% of this ZIP's 30,272 occupied households, on a median household income of $123K.
County population is up 0.3% to 999,677: residents under 18 are down 1.1% and those 65 and over are up 2.8%.
County median household income is $119K, 9.0% of residents are below the poverty level, 19.1% work from home.