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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 +1.7% YoY. inventory, +3.5% YoY, is the number to watch.
The median listing price is up 1.7% YoY while the median home got down 16.3% bigger, so value per square foot is up 20.7%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 26.3% of this ZIP's 33,208 occupied households, on a median household income of $89K.
County population is up 0.5% to 171,456: residents under 18 are down 1.0% and those 65 and over are up 3.0%.
County median household income is $94K, 7.5% of residents are below the poverty level, 11.9% work from home.