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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 −5.8% YoY. inventory, −2.2% YoY, is the number to watch.
The median listing price is down 5.8% YoY while the median home got down 1.9% bigger, so value per square foot is down 7.1%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 41.3% of this ZIP's 30,612 occupied households, on a median household income of $53K.
County population is down 0.6% to 92,739: residents under 18 are down 1.0% and those 65 and over are up 1.7%.
County median household income is $56K, 19.2% of residents are below the poverty level, 8.7% work from home.