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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 +3.4% YoY. inventory, +16.7% YoY, is the number to watch.
The median listing price is up 3.4% YoY while the median home got up 9.3% bigger, so value per square foot is down 12.6%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 35.2% of this ZIP's 38,071 occupied households, on a median household income of $57K.
County population is down 0.0% to 125,099: residents under 18 are down 0.5% and those 65 and over are up 1.8%.
County median household income is $60K, 13.8% of residents are below the poverty level, 5.6% work from home.