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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 −14.9% YoY. inventory, +11.6% YoY, is the number to watch.
The median listing price is down 14.9% YoY while the median home got down 10.6% bigger, so value per square foot is down 2.1%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 38.5% of this ZIP's 209,807 occupied households, on a median household income of $71K.
County population is up 0.1% to 536,096: residents under 18 are down 0.2% and those 65 and over are up 1.6%.
County median household income is $66K, 15.0% of residents are below the poverty level, 12.0% work from home.