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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 −27.3% YoY. inventory, +11.0% YoY, is the number to watch.
The median listing price is down 27.3% YoY while the median home got down 17.1% bigger, so value per square foot is down 17.5%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 36.0% of this ZIP's 78,717 occupied households, on a median household income of $77K.
County population is up 0.5% to 270,892: residents under 18 are down 0.8% and those 65 and over are up 3.6%.
County median household income is $80K, 9.1% of residents are below the poverty level, 12.6% work from home.