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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 −13.7% YoY. inventory, +40.0% YoY, is the number to watch.
The median listing price is down 13.7% YoY while the median home got down 2.1% bigger, so value per square foot is down 5.2%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 32.6% of this ZIP's 31,651 occupied households, on a median household income of $52K.
County population is down 0.2% to 200,929: residents under 18 are down 0.4% and those 65 and over are up 1.3%.
County median household income is $56K, 16.6% of residents are below the poverty level, 6.6% work from home.