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 −3.5% YoY. inventory, −1.9% YoY, is the number to watch.
The median listing price is down 3.5% YoY while the median home got down 3.6% bigger, so value per square foot is down 2.8%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 24.0% of this ZIP's 19,508 occupied households, on a median household income of $124K.
County population is up 1.2% to 358,990: residents under 18 are up 0.1% and those 65 and over are up 4.2%.
County median household income is $86K, 11.7% of residents are below the poverty level, 11.7% work from home.