Compare with
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 −9.3% YoY. inventory, +4.7% YoY, is the number to watch.
The median listing price is down 9.3% YoY while the median home got up 3.1% bigger, so value per square foot is down 4.2%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 42.6% of this ZIP's 29,320 occupied households, on a median household income of $51K.
County population is up 0.8% to 317,129: residents under 18 are down 0.1% and those 65 and over are up 3.1%.
County median household income is $73K, 12.1% of residents are below the poverty level, 11.7% work from home.