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 −4.1% YoY. inventory, +13.1% YoY, is the number to watch.
The median listing price is down 4.1% YoY while the median home got down 3.6% bigger, so value per square foot is down 4.1%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 53.4% of this ZIP's 371,135 occupied households, on a median household income of $69K.
County population is up 0.9% to 1,333,048: residents under 18 are up 0.4% and those 65 and over are up 3.4%.
County median household income is $75K, 14.7% of residents are below the poverty level, 19.3% work from home.