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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 −2.2% YoY. inventory, +0.6% YoY, is the number to watch.
The median listing price is down 2.2% YoY while the median home got down 4.1% bigger, so value per square foot is down 0.1%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 25.1% of this ZIP's 49,206 occupied households, on a median household income of $118K.
County population is up 2.5% to 391,255: residents under 18 are up 1.3% and those 65 and over are up 5.0%.
County median household income is $98K, 7.4% of residents are below the poverty level, 10.8% work from home.