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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 −0.8% YoY. inventory, +0.0% YoY, is the number to watch.
The median listing price is down 0.8% YoY while the median home got down 4.6% bigger, so value per square foot is up 0.2%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 37.0% of this ZIP's 26,778 occupied households, on a median household income of $98K.
County population is up 1.5% to 2,167,390: residents under 18 are up 0.3% and those 65 and over are up 4.1%.
County median household income is $84K, 11.1% of residents are below the poverty level, 14.8% work from home.