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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 −3.1% YoY. inventory, +1.2% YoY, is the number to watch.
The median listing price is down 3.1% YoY while the median home got down 8.7% bigger, so value per square foot is up 2.3%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 23.2% of this ZIP's 28,960 occupied households, on a median household income of $171K.
County population is up 1.4% to 432,998: residents under 18 are down 0.5% and those 65 and over are up 5.9%.
County median household income is $182K, 4.2% of residents are below the poverty level, 31.2% work from home.