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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 −4.8% YoY. inventory, +4.0% YoY, is the number to watch.
The median listing price is down 4.8% YoY while the median home got down 7.3% bigger, so value per square foot is up 4.1%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 26.5% of this ZIP's 41,244 occupied households, on a median household income of $121K.
County population is up 1.3% to 420,264: residents under 18 are up 0.5% and those 65 and over are up 3.5%.
County median household income is $88K, 11.3% of residents are below the poverty level, 17.7% work from home.