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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 +4.4% YoY. inventory, −18.8% YoY, is the number to watch.
The median listing price is up 4.4% YoY while the median home got up 0.1% bigger, so value per square foot is down 1.0%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 37.1% of this ZIP's 90,630 occupied households, on a median household income of $72K.
County population is down 0.6% to 115,975: residents under 18 are down 1.2% and those 65 and over are up 2.3%.
County median household income is $53K, 20.8% of residents are below the poverty level, 6.0% work from home.