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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 −5.7% YoY. inventory, +14.0% YoY, is the number to watch.
The median listing price is down 5.7% YoY while the median home got down 6.8% bigger, so value per square foot is up 2.4%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 32.3% of this ZIP's 52,995 occupied households, on a median household income of $70K.
County population is up 0.3% to 197,532: residents under 18 are down 0.5% and those 65 and over are up 3.0%.
County median household income is $78K, 10.3% of residents are below the poverty level, 9.9% work from home.